Canada is set to take action in response to new tariffs imposed by US President Donald Trump, establishing 25% tariffs on a range of American products.
This was announced by Prime Minister Justin Trudeau, warning Americans that Trump's actions could have serious repercussions for them, according to Reuters.
Trudeau stated at a press conference that the new tariffs will apply to goods worth 155 billion Canadian dollars (107 billion US dollars).
He specified that tariffs on 30 billion Canadian dollars will come into effect on Tuesday, the same day as Trump's tariffs, while the remaining 125 billion Canadian dollars will follow in three weeks.
The Prime Minister noted that the tariffs will include American beer, wine, and bourbon, as well as fruits and juices, including orange juice from Trump’s home state of Florida. Canada will also impose tariffs on clothing, sporting goods, and appliances.
He added that the coming weeks will be tough for Canadians, but Americans will also feel the impact of Trump’s actions.
"Tariffs against Canada threaten your jobs, which could lead to the closure of American auto plants and other manufacturing facilities," Trudeau stated, addressing American citizens during a press conference in Ottawa.
Canada is also considering non-tariff measures that may involve critical minerals, energy procurement, and other partnerships.
According to the Canadian government, over 2.5 billion US dollars cross the 9,000 km-long US-Canada border daily, particularly in the energy and manufacturing sectors.
In 2023, Canada exported approximately 550 billion Canadian dollars worth of goods and services to the US, accounting for over three-quarters of total exports. Energy constituted 30% and manufacturing about 15% of exports south of the border.
Exports to the US make up about 17.8% of Canada’s GDP and support over 2.4 million jobs in Canada.
Reminder:
US President Donald Trump signed three orders to impose additional tariffs on goods from Canada, Mexico, and China. This marked the first official decision in the context of the trade war. Leaders of Canada and Mexico pledged to respond with similar measures.
