
Trudeau announces 25 per cent targeted retaliatory tariffs
Prime Minister Justin Trudeau says Canada will hit back with steep, immediate retaliatory tariffs on American goods after U.S. President Donald Trump confirmed he is moving ahead with devastating duties on Canada starting Tuesday.
Trump signed an executive order on Saturday to slap Canada with 25 per cent tariffs — with a lower 10 per cent duty for energy — laying the foundation for an unprecedented trade war with America’s closest neighbours.
Trudeau held a news conference Saturday evening to announce that Canada will respond with an immediate $30-billion retaliation package, which will be followed by $125 billion in duties on American products in 21 days to give companies and supply chains time to find alternatives.
Canada’s retaliation plan will include everyday items such as American beer, wine, bourbon, fruits and fruit juices, including orange juice, along with vegetables, perfume, clothing and shoes, Trudeau said.