Canadian retaliatory tariffs

Trudeau Responds to US Tariffs Amidst Rising Tensions

Following President Trump’s imposition of 25% tariffs on Canadian goods, Prime Minister Trudeau vowed a strong retaliatory response, citing the tariffs as a baseless attempt to destabilize the Canadian economy. Canada immediately implemented tariffs on $30 billion of American goods, with an additional $125 billion slated for levies in three weeks, alongside potential non-tariff measures. Provincial leaders echoed Trudeau’s outrage, promising their own countermeasures, ranging from liquor bans to energy supply disruptions. The situation threatens a severe economic downturn for both nations, prompting widespread condemnation from Canadian business and industry groups.

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Trudeau Imposes Retaliatory Tariffs on US Goods

In response to the U.S. imposing 25% tariffs on Canadian goods, Canada will immediately retaliate with 25% tariffs on $30 billion worth of American products, followed by an additional $125 billion in tariffs within 21 days. Prime Minister Trudeau warned that these tariffs will harm both Canadian and American citizens, potentially impacting jobs and consumer prices in the U.S. The tariffs stem from a U.S. effort to combat fentanyl trafficking and illegal immigration, though specific benchmarks for removal remain unclear. Trudeau emphasized the importance of carefully considering any further retaliatory measures, particularly those impacting specific Canadian regions.

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