Canada’s Prime Minister announced that his country would impose 25 per cent tariffs against $155 billion worth of US goods as a retaliatory measure.
The announcement came on Saturday night after American President Donald Trump unleashed 25 per cent tariffs on exports from Canada, Mexico and China.
Trudeau spoke on the matter just hours after Trump signed the executive order, unleashing a new kind of tariff war.
As per the order, all Canadian goods would be subjected to a 25 per cent tariff except energy products which would face a 10 per cent tariff.
Meanwhile, the new Trump administration additionally put a 10 per cent tariff on imports from China. While addressing a press conference on Saturday, the Canadian prime minister said that the tariffs on American goods include “immediate tariffs on $30 billion worth of goods as of Tuesday,” the day the US is set to begin collecting tariffs on Canadian goods.
He insisted that the rest of the tariffs would come in about three weeks “to allow Canadian companies and supply chains to seek to find alternatives.”
