Friday, January 31, 2025

How Canada could fight Trump tariffs

(BBC News) Canada will react forcefully and immediately if Donald Trump imposes tariffs, Prime Minister Justin Trudeau said on Friday.

The US president has said he could levy a 25% tariff on Canadian imports as soon as Saturday.

“It’s not what we want, but if he moves forward, we will also act,” Trudeau said.

Tariffs are a central part of Trump’s economic vision. He sees them as a way of growing the US economy, protecting jobs and raising tax revenue.

Economists suggest that such a move could have devastating immediate impacts on Canada’s economy – while also leading to higher prices for Americans.

“I won’t sugarcoat it — our nation could be facing difficult times in the coming days and weeks,” Trudeau said in his televised address to Canadians.

Canada is trying to avoid a trade war altogether. It has pledged more than CDN$1 billion to boost security at its shared border with the US — a key point of contention for Trump, who appears to be using tariffs as a negotiating tactic.

Trudeau said all options were still on the table.

 

https://www.bbc.com/news/articles/c93qnk92174o

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