Canada's Justin Trudeau announces retaliatory tariffs following Trump's executive order
Canada's Justin Trudeau announces retaliatory tariffs following Trump's executive order
The Canadian prime minister said he would implement a 25% tariff on $155 billion in U.S. goods.
cross-posted from: https://lemmy.world/post/25012048
Summary
Trump signed an executive order imposing 25% tariffs on Canadian and Mexican imports—excluding Canadian energy at 10%—plus additional duties on Chinese products.
In response, Prime Minister Justin Trudeau announced a 25% duty on $155 billion in U.S. goods, beginning with $30 billion in tariffs Tuesday.
Mexican President Claudia Sheinbaum indicated reciprocal tariffs, rejecting claims that Mexico tolerates criminal groups trafficking fentanyl and insisting on respect for sovereignty.
Experts warn these tit-for-tat measures could drive up costs, disrupt supply chains, and mirror the previous U.S.-China trade war, possibly harming security.
