Canada's Bold Move Against U.S. Tariffs

In a significant escalation of trade tensions, Canadian Prime Minister Justin Trudeau has announced that Canada will impose a 25% tariff on $155 billion worth of American goods. This decisive action comes as a direct response to the tariffs imposed by U.S. President Donald Trump on Canadian goods and energy resources.

The first wave of tariffs, targeting $30 billion worth of goods, is set to take effect immediately, with additional tariffs to follow in 21 days. This phased approach is designed to provide Canadian businesses and supply chains with the necessary time to adjust and seek alternative solutions.

Among the goods affected by these tariffs are beer, wine, bourbon, fruits, fruit juices, vegetables, perfumes, clothing, and shoes. Furthermore, the Canadian government is considering non-tariff measures related to critical minerals and procurement, signaling a comprehensive strategy to protect Canadian interests.