Brace yourselves, North America! 🍁🇺🇸
In a bold move this Saturday, Canadian Prime Minister Justin Trudeau swung back at President Trump's tariff storm. Canada is set to impose a hefty 25% tariff on a whopping C$155 billion ($106.5 billion) worth of U.S. goods! 😱
Starting this Tuesday, C$30 billion worth of goods will feel the pinch, with the remaining C$125 billion catching the tariff wave in just 21 days. Talk about making waves! 🌊
Why the tariffs, you ask? Well, Trump earlier signed an executive order slapping a 25% tariff on all goods from Canada and Mexico, kicking off on Tuesday. The only exception? Canadian energy products, which aren't off the hook entirely—they'll face a 10% duty. Ouch!
Trudeau didn't hold back, warning that tough times might be ahead for both Canadians and Americans. He sent a message straight to U.S. citizens: \"They will raise costs for you, including food at the grocery store, gas at the pump. They will impede your access to an affordable supply of vital goods.\"
So what's on Canada's tariff hit list? Think American favorites like beer, wine, and bourbon 🥃. Even Florida's famous orange juice isn't safe! 🍊 Plus, items like clothing, sports gear, and household appliances are getting tagged.
But that's not all! Canada is eyeing non-tariff measures too, possibly involving critical minerals and energy partnerships. Trudeau is encouraging Canadians to keep it local—buy Canadian products and enjoy staycations instead of U.S. trips. ✈️🚫
\"We didn't ask for this but we will not back down,\" Trudeau declared. 🎤💥
Looks like the trade game just got a whole lot more interesting! Stay tuned for more updates on this tariff tussle. 📺
Reference(s):
Trudeau announces 25 percent tariffs in response to Trump order
cgtn.com
