President Trump announced plans to implement a 25% tariff on most Canadian goods, justifying it as retaliation against longstanding exploitation of the U.S. by Canada. During a press conference, he expressed confidence that the tariff implementation was progressing rapidly. Despite recent improvements in border security agreed upon with Canada, Trump remains committed to the tariffs, which economists warn could push Canada into recession and disrupt numerous industries. He also hinted at additional tariffs for sectors like steel and aluminum, with significant implications for trade relations.
U.S. President Donald Trump announced a 25% tariff on most Canadian goods, claiming it's time to stop Canada from taking advantage of the U.S.
Economists warn that such high tariffs could lead to a recession in Canada and severe disruption for various industries across the country.
Despite improvements at the U.S.-Canada border, Trump indicated that he plans to move forward with tariff implementation as scheduled.
Trump reiterated his stance that the U.S. has been exploited by Canada for years, asserting that the tariffs are a necessary action.
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