Economy

Canada Strikes Back: Imposes 25% Tariffs on Select US Goods Amid Trade Tensions

Canada Responds to US 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 $155 billion worth of American goods. This decision comes as a direct response to the tariffs imposed by United States President Trump on Canadian goods and energy resources.

Details of the Tariff Implementation

The Canadian government plans to enforce these tariffs in two phases. Starting Tuesday, tariffs on $30 billion worth of goods will take effect, with an additional round of tariffs to follow in 21 days. This phased approach is designed to provide Canadian companies and supply chains with the necessary time to seek alternative solutions.

Impact on Various Goods

The tariffs will significantly affect a wide range of products including beer, wine, bourbon, various fruits and fruit juices, vegetables, perfumes, clothing, and shoes. Furthermore, Trudeau mentioned that non-tariff measures are under consideration, particularly concerning critical minerals and procurement.