Canada Strikes Back at Trump, Imposes 25% Retaliatory Tariff on U.S. Imports
U.S. President Donald Trump announced that starting from March 4, a 25% tariff will be imposed on imports from Canada and Mexico. In response, Canada immediately took countermeasures. Prime Minister Justin Trudeau announced that Canada would impose a 25% tariff on U.S. imports worth $107 billion.
Trudeau stated that Canada's tariff measures will remain in place until the U.S. withdrawal of its tariff actions. If the U.S. continues its tariff imposition, Canada will not only maintain the tariffs but also actively discuss with Canadian provinces to implement several "non-tariff measures."
The Prime Minister’s office indicated that Trump's tariff threats against Canada and other countries have posed a serious challenge to bilateral trade relations. The Canadian government cannot accept such unilateral and unfair trade policies and has decided to take decisive action to protect the rights of domestic businesses and workers.
The retaliatory tariff measures will cover steel and aluminum products, agricultural products, home appliances, and specific consumer goods, with the total import value amounting to billions of Canadian dollars. Canada's Minister of Trade stated at a press conference: "We do not seek trade conflict, but in the face of unfair trade policies, the Canadian government has no choice but to take firm countermeasures to ensure that the rights of Canadian businesses and workers are protected."
Canada emphasized that the U.S.-Canada trade relationship has always been close and mutually beneficial, with total trade between the two nations exceeding CAD 700 billion annually. Tariff barriers would lead to a lose-lose situation for both economies. The Canadian government urged the U.S. to reconsider its tariff policy and resolve trade disputes through dialogue and cooperation.
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