Canadian Prime Minister Justin Trudeau announced on Saturday that Canada will impose 25% tariffs on C$155 billion (US$106.5 billion) worth of U.S. goods in response to recent U.S. trade measures. The initial C$30 billion in tariffs will take effect from Tuesday, with an additional C$125 billion to follow in 21 days, according to Trudeau's statement at a news conference.
Earlier, U.S. President Donald Trump signed an executive order imposing 25% tariffs on all goods from Canada and Mexico starting Tuesday, excluding Canadian energy products, which will face a 10% duty. The escalating trade tensions mark a significant shift in North American trade relations, impacting a wide range of industries on both sides of the border.
Trudeau warned that the coming weeks would be challenging for Canadians but emphasized that Trump's tariffs would also adversely affect American consumers and businesses. Addressing the American public directly, he 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 U.S. products, including beer, wine, bourbon, fruits, and fruit juices—specifically orange juice from Florida, Trump's home state. Other goods such as clothing, sports equipment, and household appliances will also be subject to the new duties.
In addition to tariff measures, Canada is considering non-tariff actions related to critical minerals, energy procurement, and other partnerships. Trudeau encouraged Canadians to support domestic industries by purchasing Canadian products and choosing to vacation within the country rather than traveling to the U.S.
\"We didn't ask for this but we will not back down,\" Trudeau asserted, highlighting Canada's resolve to stand firm in the face of escalating trade disputes. The developments signal a potential strain on the longstanding economic ties between Canada and the United States, prompting concerns among international investors and policymakers.
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Trudeau announces 25 percent tariffs in response to Trump order
cgtn.com
