The U.S. has imposed a 25% tariff on Canadian and Mexican goods, beginning a trade war. Canada retaliated with tariffs on U.S. imports, totaling $30 billion, with more to come. Prime Minister Trudeau asserted the necessity of a firm response to U.S. actions, while the conflict may escalate with additional tariffs on steel and aluminum.
The U.S. has implemented tariffs on goods from Canada and Mexico, initiating a trade conflict between the two countries. Effective immediately, a 25% tariff applies to all imports from Canada and Mexico, while a 10% tariff specifically targets Canadian energy exports.
In retaliation, Canada has enacted a 25% tariff on $30 billion worth of U.S. products, with plans to expand this to an additional $125 billion in three weeks. Prime Minister Justin Trudeau emphasized that Canada will respond firmly to the U.S. tariffs.
Trudeau stated, “Canada will not let this unjustified decision go unanswered.” He also mentioned that Canada is prepared to engage in non-tariff measures if U.S. tariffs remain in place.
President Donald Trump’s executive order, which came into effect after initial border security agreements, was a response to concerns over illegal immigration and drug trafficking.
This tariff conflict escalates as Canada braces for further tariffs, including an additional proposed 25% on steel and aluminum imports from various countries, including Canada, to be enacted by March 12. Subsequently, broader global tariffs are anticipated to take effect on April 2.
In summary, the introduction of tariffs by the U.S. against Canada and Mexico marks the onset of a significant trade dispute. Canada is retaliating with its own tariffs and remains open to alternative measures. The situation underscores the ongoing tensions between trade policies and international relations, especially concerning security and economic interests.
Original Source: globalnews.ca
