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.

  • healthetank
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    3 hours ago

    It’s still going to hurt - we import so much from the US that this is going to impact Canadians no matter what (even before price hikes in unrelated businesses starts).

    • djsoren19@lemmy.blahaj.zone
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      1 hour ago

      It is going to hurt, and to my understanding it’s already begun impacting businesses. The only salve I can offer is that us Americans are going to hurt a whole lot more. Hopefully, Liberal is able to maintain power up there, and is working on new trade deals with new partners. Nothing the U.S. produces is really unique, so alternatives can be found, but it’s going to take time to set-up new agreements.