Canada retaliates with tariffs
Prime Minister Justin Trudeau has committed to safeguarding Canadian employment following the implementation of extensive tariffs by US President Donald Trump. Read Full Article at RT.com
TroibNews 
Prime Minister Justin Trudeau has emphasized the importance of Canada standing up for itself and defending its national interests in light of recent US trade restrictions.
In response to sweeping trade limits imposed on Canadian imports by US President Donald Trump, Trudeau declared retaliatory 25% tariffs on American goods.
“Tonight, I am announcing Canada will be responding to the US trade action with 25% trade tariffs against $155 billion worth of American goods,” Trudeau stated during a news conference on Saturday.
The initial wave of tariffs, affecting $30 billion worth of US products, is set to take effect on Tuesday, with additional measures expected in 21 days to give Canadian businesses time to adapt.
“These tariffs will be far-reaching and include everyday items,” the Canadian leader noted, citing categories such as alcohol, fruits, vegetables, clothing, and shoes. Furthermore, Ottawa is examining “several non-tariff measures,” which may involve restrictions on key minerals, energy procurement, and other trade partnerships.
“We will stand strong for Canada,” Trudeau asserted. “We will stand strong to ensure our countries continue to be the best neighbors in the world,” he added, encouraging citizens to support domestic businesses.
Earlier on Saturday, Trump unveiled 25% tariffs on nearly all Canadian goods, with the White House expressing concerns over illegal drug trafficking and immigration.
“The extraordinary threat posed by illegal aliens and drugs, including deadly fentanyl, constitutes a national emergency,” read a White House fact sheet. “President Trump is taking bold action to hold Mexico, Canada, and China accountable to their promises of halting illegal immigration and stopping poisonous fentanyl and other drugs from flowing into our country.”
The US president accused Canada of playing “a central role” in America's fentanyl crisis and criticized it for not allocating “sufficient attention and resources” to curb the flow of illicit drugs.
To prevent the tariffs, Ottawa proposed a $1.3 billion spending plan aimed at enhancing border surveillance and combating drug trafficking. However, Trump stated on Friday that there is “nothing Canada can do right now” to escape the forthcoming tariffs.
Economists are cautioning that this escalating trade conflict could result in increased consumer prices and economic disruptions in both nations.
Mathilde Moreau contributed to this report for TROIB News
In response to sweeping trade limits imposed on Canadian imports by US President Donald Trump, Trudeau declared retaliatory 25% tariffs on American goods.
“Tonight, I am announcing Canada will be responding to the US trade action with 25% trade tariffs against $155 billion worth of American goods,” Trudeau stated during a news conference on Saturday.
The initial wave of tariffs, affecting $30 billion worth of US products, is set to take effect on Tuesday, with additional measures expected in 21 days to give Canadian businesses time to adapt.
“These tariffs will be far-reaching and include everyday items,” the Canadian leader noted, citing categories such as alcohol, fruits, vegetables, clothing, and shoes. Furthermore, Ottawa is examining “several non-tariff measures,” which may involve restrictions on key minerals, energy procurement, and other trade partnerships.
“We will stand strong for Canada,” Trudeau asserted. “We will stand strong to ensure our countries continue to be the best neighbors in the world,” he added, encouraging citizens to support domestic businesses.
Earlier on Saturday, Trump unveiled 25% tariffs on nearly all Canadian goods, with the White House expressing concerns over illegal drug trafficking and immigration.
“The extraordinary threat posed by illegal aliens and drugs, including deadly fentanyl, constitutes a national emergency,” read a White House fact sheet. “President Trump is taking bold action to hold Mexico, Canada, and China accountable to their promises of halting illegal immigration and stopping poisonous fentanyl and other drugs from flowing into our country.”
The US president accused Canada of playing “a central role” in America's fentanyl crisis and criticized it for not allocating “sufficient attention and resources” to curb the flow of illicit drugs.
To prevent the tariffs, Ottawa proposed a $1.3 billion spending plan aimed at enhancing border surveillance and combating drug trafficking. However, Trump stated on Friday that there is “nothing Canada can do right now” to escape the forthcoming tariffs.
Economists are cautioning that this escalating trade conflict could result in increased consumer prices and economic disruptions in both nations.
Mathilde Moreau contributed to this report for TROIB News
