Canada Responds to U.S. Tariffs with Its Own Measures

In a bold move reflecting escalating trade tensions, Canadian Prime Minister Justin Trudeau announced the imposition of a 25% tariff on certain American goods. This decision comes as a direct response to President Trump's tariffs on Canadian goods and energy resources.

Trudeau, during a press conference, detailed that the Canadian government plans to implement "far-reaching" tariffs amounting to $155 billion on U.S. imports. An initial wave targeting $30 billion worth of goods is set to begin on Tuesday, with additional tariffs to follow in 21 days. This phased approach aims to provide Canadian companies and supply chains the necessary time to adjust and find alternatives.

The tariffs will significantly impact a variety of goods, including but not limited to beer, wine, bourbon, fruits and fruit juices, vegetables, perfumes, clothing, and shoes. Furthermore, Trudeau hinted at the consideration of non-tariff measures concerning critical minerals and procurement, indicating a comprehensive strategy to counteract U.S. trade policies.