Canada has announced the implementation of new 25% tariffs on a variety of American imports in response to President Donald Trump's recent decision.
Prime Minister Justin Trudeau emphasized that these actions will have serious repercussions for American consumers. According to Reuters, he made this statement during a press conference where he noted that the tariffs would apply to goods totaling 155 billion Canadian dollars (107 billion U.S. dollars).
He indicated that tariffs on 30 billion Canadian dollars would take effect on Tuesday, coinciding with Trump’s tariffs, while tariffs on the remaining amount would be enacted in 21 days.
Trudeau mentioned that these tariffs would include American beer, wine, bourbon, as well as fruits and juices, including orange juice from Trump’s home state of Florida. Additionally, tariffs will target clothing, sports equipment, and home appliances.
The Prime Minister also warned that the upcoming weeks could be challenging for Canadians, but Americans would also feel the impact of Trump’s actions.
"Tariffs against Canada could jeopardize your jobs, potentially leading to the closure of American manufacturing plants," Trudeau stated during the press conference in Ottawa.
Canada is also considering non-tariff measures that could involve critical minerals, energy procurement, and other partnerships.
According to the Canadian government, more than 2.5 billion U.S. dollars cross the 9,000 km long U.S.-Canada border daily, particularly in energy and manufacturing sectors.
In 2023, Canada exported approximately 550 billion Canadian dollars worth of goods and services to the U.S., representing over three-quarters of total exports. The energy sector accounted for 30%, while manufacturing represented around 15% of exports south of the border.
Exports to the U.S. make up about 17.8% of Canada’s GDP and support over 2.4 million jobs in the country.
Note:
U.S. President Donald Trump has signed three orders imposing additional tariffs on goods from Canada, Mexico, and China. This marked the first official move in the ongoing trade war, with leaders from Canada and Mexico promising to respond with similar measures.