Economic Rules Hub
  • World
  • Politics
  • Business
  • Investing
Home World Canada will ‘respond robustly’ if Trump imposes ‘unfair tariffs,’ says PM Trudeau
World

Canada will ‘respond robustly’ if Trump imposes ‘unfair tariffs,’ says PM Trudeau

by admin January 22, 2025
January 22, 2025

Canada’s Prime Minister Justin Trudeau said his country will respond “robustly” if US President Donald Trump follows through with imposing tariffs on Canada, telling reporters on Tuesday that “everything is on the table.”

“If there are unfair tariffs, we will respond robustly and we will be there to support Canadians and protect our interests,” Trudeau said at the press conference in French when responding to a journalist’s question.

Trump said in an Oval Office signing ceremony Monday evening that his administration will impose a 25% tax on goods from Canada and Mexico that may come as soon as February 1 – a move that could raise prices for American consumers.

Trudeau also addressed Trump’s executive action, signed Monday, that directs officials to analyze how the US-Mexico-Canada trade agreement (the USMCA) is affecting American workers and businesses — and whether America should remain in the free trade agreement. His action requires agencies to assess whether stricter US trade policy could successfully restrict the flow of fentanyl and the flow of undocumented migrants into the United States.

“While less than 1% of fentanyl and illegal immigrants that enter the United States come from Canada, our government has already acted to address the concerns raised by the president about border security with an over $1 billion comprehensive border plan,” said Trudeau. “We’re already working collaboratively to keep our citizens safe on both sides of the border.”

“Canadian energy powers American manufacturing, businesses, and homes. Of America’s top five trading partners, Canada is the only one with whom the United States runs a trade surplus in manufacturing, and Canada buys more goods made by Americans than China, Japan and Germany combined,” he said.

Trudeau remarked that Trump’s stated US “golden age” would require more steel, aluminum, minerals and reliable and affordable energy. “Canada has all those resources, and we stand at the ready to work with the United States to create a booming and secure North American economy,” he said.

“The alternative for them would be more resources from Russia, China, or Venezuela. Canada is a safe, secure, and reliable partner in an uncertain world,” he added.

The tariffs, if enacted, could strain Americans’ wallets, especially given Mexico and Canada are two of America’s top three trade partners. Collectively, they accounted for 30% of the value of all the goods the US imported last year, according to federal trade data.

While Trump claims foreign exporters pay the tariffs, US consumers stand to foot a portion of the bill, too, as retailers are unlikely to fully absorb the added costs.

This post appeared first on cnn.com

0
FacebookTwitterPinterestEmail
previous post
Bollywood actor Saif Ali Khan returns home from hospital days after knife attack
next post
JPMorgan Chase CEO Jamie Dimon on Trump tariffs: ‘Get over it’

Related Posts

China to make all hospitals offer epidurals to incentivize childbirth

June 10, 2025

Soldiers return home after years in captivity as Ukraine-Russia prisoner...

June 10, 2025

Teenage TikTok star’s murder leaves Pakistani women questioning whether any...

June 10, 2025

Russia strikes Kyiv and Odesa with aerial attacks, at least...

June 10, 2025

Canada plans to hit NATO spending target early and reduce...

June 10, 2025

Indian coast guard battles massive fire on container ship listing...

June 10, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent

    • Soldiers return home after years in captivity as Ukraine-Russia prisoner swap begins

      June 10, 2025
    • China to make all hospitals offer epidurals to incentivize childbirth

      June 10, 2025
    • Canada plans to hit NATO spending target early and reduce reliance on US defense, Carney says

      June 10, 2025
    • Russia strikes Kyiv and Odesa with aerial attacks, at least two people wounded, officials say

      June 10, 2025
    • Teenage TikTok star’s murder leaves Pakistani women questioning whether any safe spaces exist – online or on the street

      June 10, 2025

    Categories

    • Business (1,396)
    • Investing (3,417)
    • Politics (4,574)
    • World (4,489)
    • Email Whitelisting
    • Terms and Conditions
    • Privacy Policy
    • Contacts
    • About us

    Disclaimer: EconomicRulesHub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 EconomicRulesHub.com | All Rights Reserved

    Economic Rules Hub
    • World
    • Politics
    • Business
    • Investing