In response to President Donald Trump’s executive order imposing a 25% tariff on Canadian imports and a 10% tariff on energy products, Canada has announced significant retaliatory measures.
Prime Minister Justin Trudeau declared that Canada will implement 25% counter-tariffs on approximately C$155 billion (US$107 billion) worth of American goods. The first phase will affect about C$30 billion of U.S. products, including items such as orange juice, peanut butter, wine, coffee, motorcycles, and cosmetics. A more extensive list, encompassing cars, trucks, steel, aluminium, beef, and boats, will be subject to tariffs later in February after a 21-day consultation period.
Trudeau emphasised the deep historical ties between Canada and the United States, highlighting their shared sacrifices in global conflicts. He urged Americans to consider the economic repercussions of the tariffs, noting potential increases in consumer costs and risks to U.S. manufacturing jobs. He also encouraged Canadians to support domestic products and consider alternatives to U.S. vacations.
The Canadian government is also exploring measures related to critical minerals essential to the U.S. and is considering supporting Canadian businesses affected by the tariffs. Trudeau indicated that these actions aim to protect Canadian interests without further escalating tensions.
For more details, you can watch Prime Minister Justin Trudeau’s announcement here: