Canadian Prime Minister Justin Trudeau has announced a 25% tariff on $155 billion worth of U.S. goods. This decision comes as a direct response to the 25% tariffs imposed by U.S. President Donald Trump on Canadian goods.
What Happened: Trudeau has stated that these tariffs will stay in effect until the U.S. reverses its trade measures, reported BNN Bloomberg. The Canadian tariff plan, announced last month, includes two phases targeting a total of $30 billion in U.S. goods initially. An additional round of tariffs on a wider range of American products, worth $125 billion, is scheduled to take effect in 21 days.
Trump’s initial threat of punitive tariffs on Canadian goods in late November was intended to reduce the influx of illegal migrants and drugs across the border. Despite Canada’s attempts to delay these tariffs, including a $1.3-billion border plan and the appointment of a “fentanyl czar”, Trump confirmed on Monday that Canada will not receive any further reprieves.
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