Canada has announced sweeping retaliatory tariffs against the United States, escalating trade tensions between the two neighboring countries. Prime Minister Justin Trudeau outlined a 25% levy on $155 billion CAD ($106.6 billion USD; £86 billion GBP) worth of American goods, targeting a wide range of imports, including beer, wine, household appliances, and sporting goods.
The move mirrors US President Donald Trump's 25% tariff on Canadian and Mexican imports, along with an additional 10% duty on Chinese goods, which he justified as necessary to combat illegal immigration and drug trafficking. "We don't want to be here, we didn't ask for this," Trudeau stated during a press conference on Saturday, emphasizing that Canada would "not back down in standing up for Canadians." The first phase of $30 billion in tariffs will take effect on Tuesday, with the remaining $125 billion to follow within 21 days, allowing businesses time to adjust.
Impact and Global Concerns Trudeau's response includes tariffs on American beer, wine, bourbon, fruits, fruit juices, vegetables, clothing, shoes, household appliances, and furniture, as well as lumber and plastics.
Additionally, Canada is considering non-tariff measures related to critical minerals and government procurement.
