Canada Hits Back with 25% Tariffs on U.S. Goods

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Canadian Prime Minister Justin Trudeau announced on Saturday that Canada will impose 25% counter tariffs on approximately $155 billion worth of U.S. goods in response to the White House's recent announcement of similar tariffs against Canadian products. Trudeau stated, "Tonight, I am announcing Canada will be responding to the U.S. trade action with 25 percent tariffs," which will include immediate levies on $30 billion worth of American goods starting Tuesday.

The additional tariffs will affect another $125 billion worth of U.S. products in 21 days, allowing Canadian companies time to seek alternative supply chains, according to Trudeau. This escalating trade dispute follows warnings from U.S. President Donald Trump regarding tariffs if Canada and Mexico do not address issues related to fentanyl trafficking and migration across the U.S. border. The tensions mark a significant deterioration in trade relationships between the allies, raising concerns about potential economic repercussions, as highlighted by trade analysts.

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