In a dramatic turn of events, Canadian Prime Minister Justin Trudeau announced on Saturday that Canada will impose 25% tariffs on C$155 billion (that's around $106.5 billion USD) worth of U.S. goods! 😱 This bold move comes as a direct response to U.S. President Donald Trump's recent tariff orders.
Trump earlier signed an executive order slapping 25% tariffs on all goods from Canada and Mexico starting Tuesday, sparing only Canadian energy products, which will face a 10% duty. Not cool, right? 😒
Trudeau didn't hold back, emphasizing that the coming weeks could be tough for Canadians. But he also pointed out that Trump's tariffs would hit Americans where it hurts—their wallets. 💸 Ouch!
Speaking directly to Americans, 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.\" Sounds like this might sting on both sides of the border! 🛒⛽
Canada's retaliatory tariffs will target a range of U.S. products, including:
- American beer, wine, and bourbon 🍺🍷🥃
- Fruits and fruit juices—including orange juice from Trump's home state of Florida 🍊
- Clothing and sports equipment 👕🏀
- Household appliances 🏠🔌
But that's not all! Canada is also considering non-tariff measures related to critical minerals, energy procurement, and other partnerships. Talk about playing hardball! 🏈
Trudeau is rallying Canadians to support homegrown products and even suggested vacationing within Canada instead of heading south. Who needs Florida beaches when you have the stunning landscapes of Banff and Lake Louise, eh? 🇨🇦🏞️
\"We didn't ask for this but we will not back down,\" Trudeau declared. Sounds like a line straight out of a superhero movie! 🎬🦸♂️
This trade tussle is more than just headlines—it's about economies, jobs, and prices affecting everyday people on both sides. So, grab your popcorn 🍿 and stay tuned as we watch how this economic showdown unfolds!
What do you think about this trade battle? Share your thoughts in the comments below! 💬👇
Reference(s):
Trudeau announces 25 percent tariffs in response to Trump order
cgtn.com
