In response to President Donald Trump’s executive order imposing a 25% tariff on Canadian imports, Canadian Prime Minister Justin Trudeau announced retaliatory measures on February 1, 2025. Canada will implement a 25% tariff on U.S. goods valued at C$155 billion. The initial tariffs, affecting goods worth C$30 billion, will take effect on Tuesday, with the remaining tariffs applied over the following three weeks. Targeted items include American beer, wine, fruit juices, clothing, sports equipment, and household appliances. (reuters.com)
Trudeau emphasized that these tariffs are a direct response to the U.S. actions, which he described as unjustified and unreasonable. He urged Canadians to reconsider purchasing American products and to support domestic alternatives. Trudeau also highlighted the potential negative impact of the U.S. tariffs on American jobs and consumer prices, noting that such measures could disrupt the longstanding cooperative relationship between the two nations. (reuters.com)
This development marks a significant escalation in trade tensions between the U.S. and Canada, with potential economic implications for both countries.