In a bold move, Canadian Prime Minister Justin Trudeau has announced 25% tariffs on C$155 billion ($106.5 billion) worth of U.S. goods, hitting back at recent U.S. trade actions. 🍁💪
Speaking at a news conference on Saturday, Trudeau declared that C$30 billion would take effect starting Tuesday, with an additional C$125 billion rolling out in 21 days. This decision comes in direct response to U.S. President Donald Trump's executive order imposing 25% tariffs on all goods from Canada and Mexico, set to begin on Tuesday. Notably, Canadian energy products will face a reduced 10% duty.
\"The coming weeks will be challenging for Canadians,\" Trudeau warned, emphasizing that the tariffs would not only impact Canada but also hurt American consumers. Addressing the people of the United States, he said: \"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.\"
The Canadian tariffs will target a range of American products, including beer, wine, bourbon, clothing, sports equipment, and household appliances. 🍻👕🏀 Additionally, fruits and fruit juices like Florida's famous orange juice are on the list, directly impacting goods from Trump's home state. 🍊
Beyond tariffs, Canada is considering non-tariff measures that could affect critical minerals, energy procurement, and other partnerships. Trudeau urged Canadians to support their own economy by buying Canadian products and choosing domestic travel over U.S. destinations. 🛍️✈️
\"We didn't ask for this, but we will not back down,\" Trudeau asserted, highlighting Canada's resilient stance in the face of escalating trade tensions.
This trade showdown underscores the heightened tensions between the neighboring nations, with potential ripple effects on global markets. 🌍📈 Stay tuned as we navigate these turbulent economic times together.
Reference(s):
Trudeau announces 25 percent tariffs in response to Trump order
cgtn.com
