Canadian Prime Minister Justin Trudeau announced that Canada will retaliate against President Trump's proposed tariffs on Canadian goods by imposing 25% tariffs on $155 billion worth of U.S. imports. The escalation is in reaction to Trump's tariffs aimed at curbing fentanyl smuggling, despite Trudeau's assertion that a negligible amount of fentanyl originates from Canada. Trudeau emphasized the economic consequences for U.S. consumers, noting that tariffs would increase prices and threaten jobs, while vowing that Canada would not allow this "unjustified decision" to go unanswered.
Trudeau declared that Canada will impose 25% tariffs on $155 billion in U.S. goods in response to Trump's proposed tariffs on Canadian products.
He emphasized that just 1% of fentanyl seized at U.S. borders comes from Canada, highlighting the unfairness of U.S. tariffs.
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