Canadian Prime Minister Justin Trudeau announced in a press conference on Tuesday that Canada will be implementing 25% tariffs on $155 billion worth of American goods. This decision comes as a response to the tariffs imposed by the United States on Canadian products, which took effect on the same day.
Trudeau expressed strong opposition to the US tariffs, stating that there was no justification for such actions against Canada, a close partner and ally of the United States. He criticized the US for engaging in a trade war with Canada while seeking positive relations with Russia and its leader, Vladimir Putin.
During his address from Ottawa, Trudeau emphasized that Canadians are reasonable and polite but will not shy away from defending their country's interests. He underscored the importance of standing up for Canada's wellbeing and the welfare of its citizens in the face of unjust trade practices.
The implementation of these tariffs marks a significant escalation in the trade tensions between Canada and the United States. The move is likely to have economic repercussions on both countries and could further strain their diplomatic relations.
Trudeau's firm stance reflects Canada's commitment to protecting its economy and asserting its position on the global trade stage. The coming days will reveal the full impact of these tariffs on the bilateral trade between the two North American neighbors.
