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The Maltese Herald

Canada retaliates against US tariffs with 25% tariffs on $155 billion of US products

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by

Mark Camilleri
in ,

Canada is to retaliate against recently announced US tariffs on Canadian goods by an equivalent 25% tariff on an estimated $155 billion of US goods. In a press conference given yesterday, Canada’s Prime Minister Justin Trudeau announced the retaliatory tariffs along with Canada’s position on US relations.

US President Donald Trump started the weekend by imposing 25% tariffs on all manufactured Canadian goods and a 10% tariff on Canadian energy starting next Tuesday. President Trump also imposed 25% tariffs on Mexico and 10% tariffs on China.

Canada’s Prime Minister stated that the new tariffs goes against the free trade agreements signed with President Trump during his first administration and also remarked that it is not true that Canada is to blame for the US border and fentanyl crisis. He also claimed that less than 1% of illegal immigrants and fentanyl exports to the United States come from Canada. The Prime Minister also stated that although this course of action with tit for tat sanctions is not preferred, Canada needs to secure its interests.

Prime Minister Justin Trudeau is also set to meet with Mexico’s newly elected President Claudia Sheinbaum to coordinate the tariff response.

Canada’s Prime Minister Justin Trudeau as to resign as Prime Minister after a new Liberal Party leader is elected.

Comments

3 responses to “Canada retaliates against US tariffs with 25% tariffs on $155 billion of US products”

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    President Trump rattles markets with trade war: European products are next - The Maltese Herald

    […] markets opened on Monday. President Trump has ordered tariffs on Canada, Mexico and China with Canada and Mexico retaliating in kind with tariffs of their […]

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    Prime Minister Justin Trudeau swings upwards in polls, but Conservatives still ahead: six candidates to compete for the Liberal Party's leadership - The Maltese Herald

    […] Trudeau is recovering in the polls following recent events including threats by the US President to impose tariffs on Canada. Premier Trudeau’s upswing in the polls is being attributed to wide resurgence of nationalism […]

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  3. Canada's politicians united over retaliatory tariffs against United States - The Maltese Herald avatar
    Canada's politicians united over retaliatory tariffs against United States - The Maltese Herald

    […] Canada’s main political leaders are united behind Canada’s response to tariffs imposed on the Untied States on Canada that became effective as of today. The Untied States has imposed up to 25% tariffs on most Canadian goods and a 10% tariff on Canadian energy. Canada has responded with similar measures. […]

    Reply

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