Trudeau imposes a 25% tariff on US goods worth CAD 155 billion
U.S. President Trump signed an executive order imposing a 25% tariff on goods imported from Canada, while Canadian Prime Minister Justin Trudeau announced a similar 25% tariff on U.S. goods valued at CAD 15.5 billion. The tariffs will take effect on February 4, with the first batch of CAD 30 billion worth of goods taxed within 21 days, including consumer products such as beer, wine, and food. Trudeau criticized the move as a violation of free trade agreements and encouraged Canadians to support domestic products
[Hong Kong Economic Journal] U.S. President Donald Trump signed an executive order imposing a 25% tariff on goods imported from Canada. In response, Canadian Prime Minister Justin Trudeau announced a 25% tariff on U.S. goods valued at CAD 155 billion (approximately HKD 831 billion).
Trudeau stated that Canada will begin taxing goods worth CAD 30 billion starting Tuesday (February 4) and will impose tariffs on the remaining CAD 125 billion of U.S. products within 21 days.
Canada will impose tariffs on consumer products such as beer, wine, food, and household appliances from the U.S., and is considering measures on critical minerals. Trudeau mentioned that the tariffs will have a real impact on the American public, criticizing the tariffs as a violation of the free trade agreement between the two countries, and believes that a better option for the U.S. is to cooperate with Canada rather than punish it.
Additionally, he encouraged Canadians to buy Canadian products and consider vacationing in Canada
