In a bold move on Saturday, Canadian Prime Minister Justin Trudeau announced that Canada will impose a 25% tariff on C$155 billion ($106.5 billion) worth of U.S. goods. This decision comes as a direct response to President Trump’s earlier executive order imposing similar tariffs on Canadian and Mexican products.
The tariffs will roll out in two phases: C$30 billion will take effect starting Tuesday, with the remaining C$125 billion following in 21 days. Trudeau emphasized that the upcoming weeks will be challenging for Canadians, but he also highlighted that Trump’s tariffs will negatively impact Americans by raising the costs of everyday items.
Addressing the American public, Trudeau stated, \"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 variety of American products, including beer, wine, bourbon, fruits, fruit juices like Florida’s famous orange juice, clothing, sports equipment, and household appliances.
Beyond tariffs, Canada is exploring additional non-tariff measures related to critical minerals, energy procurement, and other strategic partnerships. Trudeau urged Canadians to support local businesses and consider staying home for vacations instead of traveling to the U.S., adding, \"We didn't ask for this but we will not back down.\"
This trade tension highlights the intricate economic ties between Canada and the U.S., sparking conversations among young entrepreneurs and trade enthusiasts about the future of North American trade relations.
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Trudeau announces 25 percent tariffs in response to Trump order
cgtn.com
