When Trump imposed higher tariffs during his first term in office, other countries responded with retaliatory tariffs of their own.
Canadian Prime Minister Justin Trudeau walks through the lobby of the Delta Hotel by Marriott, Friday, Nov. 29, 2024, in West Palm Beach, Fla. Trudeau is in Florida to meet with President-elect Donald Trump. Canadian Prime Minister Justin Trudeau flew to Florida on Friday to have dinner with President-elect Donald Trump at his Mar-a-Lago club after Trump threatened to impose sweeping tariffs on Canadian products.
Also at the dinner were David McCormick, just elected U.S. senator from Pennsylvania, and his wife, Dina Powell, a former deputy national security adviser under Trump, as well as Canadian Public Safety Minister Dominic LeBlanc, whose responsibilities include border security, and Katie Telford, Trudeau’s chief of staff.of the group seated at a round table on the patio of Mar-a-Lago. At the table behind the president-elect a boy can be seen mugging for the camera.
Trudeau said Trump got elected because he promised to bring down the cost of groceries but now he’s talking about adding 25% to the cost of all kinds of products including potatoes from Prince Edward Island. Those tariffs could essentially blow up the North American trade pact that Trump’s team negotiated during his initial term. Trudeau noted they were able to successfully re-negotiate the deal, which he calls a “win win” for both countries.Trump made the tariff threat Monday while railing against an influx of illegal migrants, even though the numbers at the Canadian border pale in comparison to the southern border.
Canadian officials say lumping Canada in with Mexico is unfair but say they are ready to make new investments in border security. Canada, for instance, announcedtariffs on certain items from the U.S. should Trump follow through on his threat to impose sweeping tariffs on Canadian products, a senior official told The Associated Press this week.
About 60% of U.S. crude oil imports are from Canada, and 85% of U.S. electricity imports are from Canada.
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