Trudeau Hits Back at Trump by Announcing Massive Tariffs on the United States: ‘Canada Will Not Let This Unjustified Decision Go Unanswered’
www.mediaite.com
Canadian Prime Minister Justin Trudeau announced on Monday night that his country will retaliate against the U.S. if President Donald Trump goes through with his plan for tariffs on Canadian goods, which are set to take effect at 12:01 a.m. on Tuesday.

Summary

Canadian Prime Minister Justin Trudeau announced retaliatory tariffs after Donald Trump confirmed 25% tariffs on Canadian goods and 10% on energy, set to take effect at 12:01 a.m. Tuesday.

Trump justified the move by linking it to fentanyl smuggling concerns.

Trudeau called the tariffs “unjustified” and imposed 25% tariffs on $155 billion in U.S. goods, with $30 billion effective immediately and the rest in 21 days.

He warned of price hikes and job losses in the U.S., arguing the move violates Trump’s own trade agreement from his last term.

    • MutilationWave@lemmy.dbzer0.comEnglish
      1·
      11 hours ago

      Maybe in Canada. In the US, I fully expect corporations to increase domestic prices by 15-20%, and still have the more attractive option for consumers. If and when the tariffs are dropped, it is unlikely that prices will go back down. Trump essentially just created a permanent new regressive tax, affecting the poorest of US citizens the worst.

      Anyone want to place a bet for what he blames it on? I’m hoping he goes for the classic Obama excuse.