Canadian Prime Minister Justin Trudeau just dropped a major announcement that's shaking up international trade! 🇨🇦✨
Starting this Tuesday, Canada will impose a hefty 25% tariff on C$155 billion ($106.5 billion) worth of U.S. goods. 💰📈 This move comes in direct response to U.S. President Donald Trump's recent executive order slapping tariffs on all Canadian and Mexican imports. 😱
\"We didn't ask for this, but we will not back down,\" Trudeau declared during a news conference. His message was clear: Canada is ready to stand its ground. 💪
What's Getting Taxed?
The first wave of tariffs, amounting to C$30 billion, kicks off this Tuesday, with the remaining C$125 billion rolling out over the next 21 days. 📆
Canadian tariffs will hit a variety of American products, including:
- 🍺 Beer, wine, and bourbon
- 🍊 Fruits and fruit juices (watch out, Florida oranges!)
- 👕 Clothing
- 🏀 Sports equipment
- 🛋️ Household appliances
A Tough Road Ahead
Trudeau warned that the coming weeks might be tough for Canadians, but also pointed out that Trump's tariffs could hurt Americans too. Addressing our neighbors down south, he said:
\"They will raise costs for you, including food at the grocery store and gas at the pump. They will impede your access to an affordable supply of vital goods.\" ⛽🛒
Looking Inward
In a bid to boost local businesses, Trudeau encouraged Canadians to buy Canadian products and consider vacationing at home rather than in the U.S. \"It's time to show our true north pride!\" he rallied. 🇨🇦❤️
More Than Tariffs?
Canada is also exploring non-tariff measures, potentially affecting critical minerals, energy procurement, and other partnerships. This could signal a deeper shift in the Canada-U.S. trade relationship. 🌐
Reference(s):
Trudeau announces 25 percent tariffs in response to Trump order
cgtn.com
