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Home World Canada

Trudeau announces 25 per cent retaliatory tariffs on U.S. goods starting Tuesday

1 February 2025
in Canada
Trudeau announces 25 per cent retaliatory tariffs on U.S. goods starting Tuesday
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Canada will impose 25 per cent retaliatory tariffs on American goods worth $30 billion starting Tuesday, with an additional $125 billion in duties to follow in 21 days, in response to U.S. President Donald Trump’s similar tariffs. Prime Minister Justin Trudeau emphasizes the need for partnership with the U.S. instead of punishment, warning of potential job losses and increased costs for Americans. The tariffs risk an economic standoff with Mexico and Canada, as the Trump administration aims to address issues like fentanyl manufacturing and illegal immigration.

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Tags: announcescentgoodsretaliatoryStartingTariffsTrudeauTuesdayU.S
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