In a significant move, Canadian Prime Minister Justin Trudeau announced on Saturday that Canada will impose a 25 percent tariff on C$155 billion ($106.5 billion) of U.S. goods. This decision comes as a direct response to the tariffs recently ordered by former U.S. President Donald Trump.
Trudeau detailed that C$30 billion worth of tariffs will take effect starting Tuesday, with an additional C$125 billion following in 21 days. This escalation is aimed at countering the U.S. tariffs that Trump instituted, which include a 25 percent duty on all goods from Canada and Mexico except for Canadian energy products, which face a 10 percent tax.
The Canadian leader warned of challenging times ahead for Canadians, emphasizing that the U.S. tariffs would not only impact Canada but also adversely affect American consumers. Addressing the United States, Trudeau 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 newly imposed Canadian tariffs will target a range of American products, including beer, wine, bourbon, fruits, and fruit juices such as Florida's orange juice. Additionally, goods like clothing, sports equipment, and household appliances will be subject to the 25 percent tax. Beyond tariffs, Canada is exploring non-tariff measures that may relate to critical minerals, energy procurement, and other strategic partnerships.
Trudeau encouraged Canadians to support local businesses by purchasing Canadian products and to consider staying home for vacations instead of traveling to the United States. He concluded by asserting, \"We didn't ask for this but we will not back down,\" highlighting Canada's commitment to protecting its economic interests.
Reference(s):
Trudeau announces 25 percent tariffs in response to Trump order
cgtn.com
