Canadian Prime Minister Justin Trudeau has announced retaliatory tariffs against the United States amounting to 25% on $155 billion worth of American goods. This decision follows President Donald Trump's implementation of 25% tariffs on Canadian imports, which he justified by citing efforts to combat the fentanyl crisis. The Canadian tariffs will take effect in two phases: immediate tariffs on $30 billion worth of goods starting Tuesday and further tariffs on $125 billion worth in three weeks. A report indicates Canada is not a significant source of fentanyl to the US, complicating the justification for Trump's tariffs.
Tonight, I am announcing Canada will be responding to the US trade action with 25% tariffs against 155 billion dollars worth of American goods.
This will include immediate tariffs on $30 billion worth of goods as of Tuesday, followed by further tariffs on $125 billion worth of American products in 21 day's time.
Trump implemented 25% tariffs on Canadian goods imported to the US in what he described as an effort to curb the fentanyl crisis.
A 2022 congressional report found Canada is not a major source of fentanyl or other synthetic opioids to the United States.
Collection
[
|
...
]