Canadian Prime Minister Justin Trudeau announced on Tuesday that Canada would impose retaliatory tariffs on U.S. imports, after President Donald Trump placed 25% levies on Canadian imports.
The Details: Trudeau said the measures include a 25% tariff on CA$30 billion worth of U.S. goods, effective immediately, with an additional CA$125 billion in U.S. products facing the same 25% tariff in three weeks.
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Trump responded with a post from his Truth Social account that warned of increased tariffs equal to Canada’s retaliatory measures.
“Please explain to Governor Trudeau, of Canada, that when he puts on a Retaliatory Tariff on the U.S., our Reciprocal Tariff will immediately increase by a like amount!” Trump wrote.
Trump’s 25% …
