As of now, the United States has implemented a 25 percent tariff on goods from Canada and Mexico, alongside a 10 percent tariff on Canadian energy. In retaliation, Canada has introduced a 25 percent tariff on $30 billion worth of U.S. goods. Prime Minister Justin Trudeau affirmed that Canada will pursue additional measures if U.S. tariffs remain in effect.
The initiation of tariffs between the United States and its neighboring allies has commenced, culminating in a significant trade conflict. Effective immediately, the United States has imposed a 25 percent tariff on all goods imported from Canada and Mexico, along with a 10 percent tariff specifically targeting Canadian energy exports. These tariffs represent the first wave in a developing trade war between the longstanding partners.
The imposition of tariffs by the United States and corresponding counter-tariffs by Canada signals the beginning of a trade war between the nations. Canadian Prime Minister Justin Trudeau has emphasized that Canada will retaliate and will not back down against what he considers an unjustified decision. This situation continues to evolve as further tariffs loom on the horizon, impacting economic relations.
Original Source: globalnews.ca
