Canadian Prime Minister Justin Trudeau warns that American consumers will face increased prices on various goods if President Donald Trump imposes tariffs on Canadian products as planned.
Outgoing Canadian Prime Minister Justin Trudeau warned Thursday that American consumers will face higher prices on a wide range of goods if President Donald Trump imposes tariffs on Canadian products. Trump reiterated his plan to implement tariffs of 25% on Canada and Mexico starting February 1st, a move he previously threatened during his first term.
Trudeau stated that if Trump follows through with his tariff threat, Canada will retaliate with its own tariffs, leading to increased costs for American consumers. He emphasized that nearly a quarter of the oil America consumes daily originates from Canada, along with crucial minerals and metals. Trudeau argued that the U.S. should collaborate more closely with Canada on energy, critical minerals, and goods essential for economic growth. Despite Trump's claims that the U.S. does not rely on Canada, the country is a major supplier of resources like oil, steel, aluminum, and uranium. Trudeau stressed that the tariffs would be detrimental to both Canada and American consumers, noting that billions of dollars worth of goods and services cross the border daily. He highlighted that Canada is the top export destination for 36 U.S. states. Trudeau also addressed Trump's continued focus on the border, particularly concerning the flow of fentanyl, emphasizing that less than one percent of illegal drugs entering the U.S. originate from Canada. He pointed out that Canada invests over a billion dollars annually in strengthening its border
CANADA DONALD TRUMP TARIFFS JUSTIN TRUDEAU TRADE ECONOMICS BORDER SECURITY
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trudeau Warns of Canadian Counter-Tariffs if Trump Initiates Trade WarCanadian Prime Minister Justin Trudeau stated on Sunday that Canada is prepared to impose retaliatory tariffs against the United States if President-elect Donald Trump follows through on his threats to engage in a trade war in North America. Trudeau emphasized Canada's strong economic ties with the US and countered claims that Canada is a significant source of illegal immigration or fentanyl.
Read more »
Trudeau warns Trump's statehood talk could distract Canada from real tariff threat: 'Very skillful negotiator'Trump reportedly told Justin Trudeau that Canada ‘should become the 51st state’ if they can’t deal with tariffs
Read more »
Trudeau: 'We Are Ready to Respond with Tariffs as Necessary' | Trudeau Reacts to Trump Trade ThreatCanadian Prime Minister Justin Trudeau discusses Trump's trade proposal and the implications for Canada.
Read more »
Canadian minister warns that Americans will experience economic pain from Trump tariffsCanada’s energy minister came to Washington this week to warn U.S. lawmakers that President-elect Donald Trump’s threatened tariffs would inflict economic pain on Americans, with higher prices and job losses. Jonathan Wilkinson is Canada’s minister of energy and natural resources.
Read more »
Trump floats NHL legend Wayne Gretzky as Canadian prime minister amid Trudeau turmoilPresident-elect Trump expressed his support for former NHL great Wayne Gretzky as prime minister of Canada in a post on social media on Wednesday.
Read more »
Canadian Dollar Rises on Trudeau Resignation Speculation and Trump TariffsThe Canadian Dollar jumped on news of potential PM Trudeau resignation and reports suggesting President-elect Trump might temper his tariff plans.
Read more »