Canada Retaliates with Tariffs on $155B U.S. Goods After Trump's Trade Action
Summary
In retaliation against the U.S.'s unjustified tariffs on Canadian exports, Canada strongly condemns the move and imposes 25% tariffs on $155 billion worth of American goods, with $30 billion effective immediately and the remaining $125 billion in 21 days, until the U.S. trade action is withdrawn.
Key Points
- Canada strongly condemns the unjustified U.S. tariffs of 25% on Canadian exports and 10% on Canadian energy.
- Canada will respond with 25% tariffs on $155 billion worth of American goods, starting with $30 billion immediately and the remaining $125 billion in 21 days.
- The tariffs will remain in place until the U.S. trade action is withdrawn, and Canada is considering non-tariff measures if the U.S. tariffs do not cease.