Blogs

Canada announces retaliatory tariffs on the United States

Feb 2, 2025 | Community News, Travel, World

February 2, 2025

Canadian Prime Minister Justin Trudeau announced retaliatory 25% tariffs on $107 billion worth of U.S. imports in response to President Donald Trump’s tariffs on Canadian, Mexican, and Chinese goods. The Canadian tariffs, targeting products like beer, wine, bourbon, orange juice, clothing, and household appliances, will take effect in two phases. Trudeau warned that Trump’s actions would harm both Canadian and American economies, threatening U.S. auto and manufacturing jobs while raising consumer costs.

Canada is also exploring non-tariff measures, including critical minerals and energy procurement. The U.S.-Canada border handles $2.5 billion in daily trade, with Canadian exports to the U.S. accounting for nearly 18% of its GDP and supporting over 2.4 million jobs.

Trudeau, facing political challenges and a planned resignation, emphasized Canada’s strong historical ties with the U.S. and urged Canadians to support local products and vacation domestically. He promised resilience, stating, “We didn’t ask for this, but we will not back down.”

Did you like this article?

Did you like this article?

0 Comments

Latest Posts

Blue Jays Take Control — One Win Away from Glory

The World Series is heading back to Toronto — and for the first time this postseason, the Blue Jays are favourites to win it all. After taking a 3–2 series lead over the Dodgers, Toronto’s odds have flipped dramatically. On FanDuel, the Jays now sit at -240 (70.8%...

OpenAI and Sur Energy Plan $25 Billion AI Data Center in Argentina

In a landmark move for Latin America’s tech landscape, OpenAI and Sur Energy have signed a letter of intent to build a massive AI data center in Argentina, requiring an investment of up to $25 billion, the Argentine government announced Friday. The project, known as...

Events

Related articles