In a significant escalation of trade tensions, 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. The move comes as a direct response to U.S. President Donald Trump's recent executive order imposing tariffs on Canadian and Mexican imports.
\"Starting Tuesday, C$30 billion in tariffs will take effect, with an additional C$125 billion to be implemented in 21 days,\" Trudeau said during a news conference. The Canadian leader emphasized that the tariffs are a necessary response to protect Canada's economic interests.
Earlier, President Trump signed an executive order imposing a 25% tariff on all goods from Canada and Mexico, set to begin on Tuesday. Notably, Canadian energy products will face a 10% duty instead of 25%.
Trudeau warned that the coming weeks would be challenging for Canadians but stressed that Trump's tariffs would also have adverse effects on American consumers. Addressing Americans, he 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.\"
The Canadian tariffs will target a range of U.S. products, including beer, wine, bourbon, fruits, and fruit juices such as orange juice from Florida—Trump's home state. Other affected goods include clothing, sports equipment, and household appliances.
Additionally, Canada is considering non-tariff measures related to critical minerals, energy procurement, and other partnerships. Trudeau called on Canadians to support domestic products and consider vacationing within Canada rather than traveling to the U.S.
\"We didn't ask for this, but we will not back down,\" Trudeau declared, highlighting Canada's resolve in the face of trade pressures.
The escalating trade dispute between Canada and the U.S. signals a challenging period ahead for both nations. Economists and market analysts are closely monitoring the situation, as the ripple effects could impact global trade dynamics and economic stability.
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Trudeau announces 25 percent tariffs in response to Trump order
cgtn.com
