Hey amigos! 🇨🇦 Canada is firing back at the U.S. with some hefty tariffs after President Trump's latest move. Prime Minister Justin Trudeau announced on Saturday that Canada will slap 25% tariffs on a whopping C$155 billion ($106.5 billion) worth of U.S. goods! 😲
Starting Tuesday, C$30 billion of these tariffs will kick in, with the remaining C$125 billion rolling out in 21 days. This comes as a response to Trump's executive order imposing 25% tariffs on all goods from Canada and Mexico, except for Canadian energy products, which will face a 10% duty.
Trudeau didn't hold back, warning that the next few weeks could be tough for Canadians. But he also had a message for Americans: these tariffs are a double-edged sword. They might make your groceries pricier 🥑🛒 and gas more expensive ⛽. \"They will impede your access to an affordable supply of vital goods,\" he said.
What's on Canada's tariff list? American beer 🍺, wine 🍷, bourbon 🥃, fruits 🍊, and fruit juices, including orange juice from Trump's home state of Florida! Also, items like clothing 👕, sports equipment 🏀, and household appliances are getting taxed.
But that's not all! Canada is also eyeing non-tariff measures, possibly affecting critical minerals, energy procurement, and other partnerships. Trudeau is encouraging Canadians to keep their loonies at home 💰🇨🇦. \"Buy Canadian products and vacation here instead of the U.S.,\" he urged. \"We didn't ask for this but we will not back down!\" 💪
So, get ready for a trade showdown! 🌐 It looks like things are heating up between the neighbors. Stay tuned for more updates!
Reference(s):
Trudeau announces 25 percent tariffs in response to Trump order
cgtn.com
