Justin Trudeau, Canada’s prime minister, announces tit-for-tat 25% tariffs and warns of impeded access to ‘vital goods critical to US security’

Summary

Canada and Mexico announced retaliatory tariffs after Donald Trump imposed 25% tariffs on their exports, citing drug trafficking and immigration concerns.

Canadian Prime Minister Justin Trudeau unveiled phased tariffs on $107 billion in U.S. goods, including energy and minerals, warning of economic consequences.

Mexican President Claudia Sheinbaum vowed countermeasures but urged dialogue. China, also targeted, condemned the move as a WTO violation.

Economists warn of rising costs for American consumers.

  • BlueÆther
    7•7 days ago

    If Canada wants to really retaliate then wouldn’t the best option be to put on an export tax ON exports to America (like oil/gas/power/Minerals and Heavy equipment)?

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      • @[email protected]English
        1•7 days ago

        From the Canadian angle: If only the Premier of Oil Country hadn’t gone to Mar a Lago and stayed in solidarity with the leaders of the other 9 provinces. Trudeau won’t alienate AB + SK.

    • @AdamEatsAss
      1•7 days ago

      The thinking is that would hurt their export businesses even more.