Canadian Prime Minister Justin Trudeau has announced 25% tariffs on $155 billion worth of U.S. goods in retaliation to President Donald Trump’s trade measures.
Trudeau’s decision follows Trump’s executive order imposing a 25% tariff on Canadian and Mexican imports, along with a 10% tariff on Chinese goods. Additionally, U.S. tariffs will affect Canadian energy exports, including oil, natural gas, and electricity.
Rejecting the White House’s justification, Trudeau called the move “unjustified” and vowed that Canada would not allow it to go unanswered.
The retaliatory tariffs will take effect at 12:01 a.m. if the U.S. tariffs are implemented at midnight. Canada will initially impose duties on $30 billion of U.S. goods, with an additional $125 billion in tariffs following within 21 days.
Post a Comment