Canada Imposes 25% Retaliatory Tariffs on US Goods

In response to US tariffs, Canada announces a 25% tariff on USD 155 billion worth of American goods, marking a significant trade escalation.
Canada
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OTTAWA: Canadian Prime Minister Justin Trudeau has announced that his government will impose 25 percent tariffs on American goods worth USD 155 billion in retaliation for tariffs imposed by US President Donald Trump. Trudeau urged people of his country to purchase local products and consider spending vacations in the country, according to the Canada-based media channel, Cable Public Affairs Channel (CPAC).

Addressing a press conference on Saturday (local time), Trudeau stressed that Canada's response will be "far-reaching" and will include everyday items like American beer, wine, bourbon, fruits, and fruit juices.

"Tonight I am announcing Canada will be responding to the US trade action with 25 percent tariffs against 155 billion worth of American goods. This will include immediate tariffs on USD 30 billion worth of goods as of Tuesday, followed by further tariffs on USD 125 billion worth of American products in 21 days time to allow Canadian companies and supply chains to seek to find alternatives," he said.

"Like, the American tariffs are our response; they will also be far-reaching and include everyday items such as American beer, wine, bourbon, fruits and fruit juices, including orange juice, along with vegetables, perfume, clothing, and shoes. It'll include major consumer products like household appliances, furniture, and sports equipment and materials like lumber and plastics, along with much more, and as part of our response, we are considering, with the provinces and territories, several non-tariff measures, including some relating to critical minerals, energy procurement, and other partnerships," Trudeau added.

The Canadian PM assured people of his country that they are all in this together, and it is "Team Canada" at its best, according to CPAC. He said, "We will stand strong for Canada. We will stand strong to ensure our countries continue to be the best neighbours in the world. With all that said, I also want to speak directly to Canadians in this moment. I'm sure many of you are anxious, but I want you to know we are all in this together: the Canadian government, Canadian businesses, Canadian organized labour, Canadian civil society, Canada's Premier, and tens of millions of Canadians from coast to coast to coast are aligned and united. This is Team Canada at its best." (ANI)

Also Read: Trump Tariffs: China Vows Countermeasures, Mexico Hits Back

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