Canada strikes again with tariffs – INA NEWS

Canadian Prime Minister Justin Trudeau has introduced retaliatory 25% tariffs on American items, hours after US President Donald Trump imposed sweeping commerce restrictions on Canadian imports.

“Tonight, I’m asserting Canada might be responding to the US commerce motion with 25% commerce tariffs in opposition to $155 billion value of American items,” Trudeau mentioned at a information convention on Saturday.

The primary wave of tariffs, overlaying $30 billion value of US items, will take impact on Tuesday, with broader measures following in 21 days to permit Canadian corporations to regulate.

“These tariffs might be far-reaching and embody on a regular basis gadgets,” the Canadian chief mentioned, itemizing alcohol, fruits, greens, clothes, and sneakers. Along with direct tariffs, Ottawa is exploring “a number of non-tariff measures,” which may embody restrictions on crucial minerals, vitality procurement, and different commerce partnerships.

“We are going to stand sturdy for Canada,” Trudeau mentioned. “We are going to stand sturdy to make sure our international locations proceed to be the very best neighbors on the planet,” he added, urging residents to help home companies.

Trump’s 25% tariffs on almost all Canadian items had been introduced earlier on Saturday, with the White Home citing considerations over unlawful drug trafficking and immigration.

“The extraordinary risk posed by unlawful aliens and medicines, together with lethal fentanyl, constitutes a nationwide emergency,” a White Home truth sheet learn. “President Trump is taking daring motion to carry Mexico, Canada, and China accountable to their guarantees of halting unlawful immigration and stopping toxic fentanyl and different medicine from flowing into our nation.”

The US president claimed that Canada has performed “a central position” in America’s fentanyl disaster and didn’t “commit adequate consideration and sources” to fight the circulate of illicit medicine.

In an effort to avert the tariffs, Ottawa launched a $1.3 billion spending plan geared toward strengthening border surveillance and tackling drug trafficking. Trump mentioned on Friday, nonetheless, that there’s “nothing Canada can do proper now” to keep away from the brand new tariffs.

Economists warn that the escalating commerce dispute may result in rising client costs and financial disruptions in each international locations.

Canada strikes again with tariffs

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