🍁 Canada Claps Back! Canadian Prime Minister Justin Trudeau announced on Saturday that Canada will impose 25% tariffs on C$155 billion ($106.5 billion) worth of U.S. goods. 😲
Starting from Tuesday, C$30 billion in tariffs will take effect, with an additional C$125 billion following in 21 days. This bold move comes as a direct response to U.S. President Donald Trump's executive order slapping a 25% tariff on all goods from Canada and Mexico, beginning the same day. However, Canadian energy products will face a slightly lower duty of 10%.
Trudeau didn't mince words as he warned of the challenging weeks ahead. \"We didn't ask for this but we will not back down,\" he declared. He also emphasized that Trump's tariffs would not only hurt Canadians but Americans as well. 🇺🇸💔
Addressing the American people directly, Trudeau 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.\"
Canada's tariff list is extensive and strategic, targeting iconic American products like beer, wine, and bourbon. 🍺🍷🥃 Fruits and fruit juices, including Florida's famous orange juice 🍊, are also on the list. Additionally, clothing, sports equipment, and household appliances will face the new tariffs.
But that's not all! Canada is considering non-tariff measures that could impact critical minerals, energy procurement, and other key partnerships, Trudeau hinted. 💡
He rallied Canadians to show their national pride by buying Canadian products and choosing to vacation at home rather than in the U.S. \"Let's support each other during this time,\" he urged. 🇨🇦❤️
This escalating trade showdown is sure to have ripple effects on both sides of the border. Stay tuned as we watch this economic drama unfold! 🎬📈
Reference(s):
Trudeau announces 25 percent tariffs in response to Trump order
cgtn.com
