Prime Minister Justin Trudeau announces Canada's response to U.S. tariffs on Canadian steel and aluminum, outlining a 25% tariff on billions of U.S. goods. The move escalates trade tensions between the two countries and aims to protect Canadian jobs and industries.
Canadian Prime Minister Justin Trudeau announced on Tuesday that Canada will impose 25 percent tariffs on billions of U.S. goods in retaliation against U.S. President Donald Trump 's tariffs on Canadian steel and aluminum. The move comes after months of escalating trade tensions between the two countries. Speaking to reporters in Ottawa, Trudeau said the tariffs are a necessary step to protect Canadian jobs and industries.
He also expressed hope that the two countries could find a way to resolve their differences through negotiations. The retaliatory tariffs will cover a wide range of U.S. products, including steel, aluminum, and machinery. The Canadian government has said that the tariffs are intended to offset the economic damage caused by Trump's tariffs. The United States has imposed tariffs on Canadian steel and aluminum imports, arguing that these imports are unfairly subsidized. Canada has rejected this claim, arguing that its steel and aluminum industries are competitive and do not require government subsidies. The trade dispute between the two countries has been a source of tension for several months. Canadian officials have repeatedly expressed their concern about the impact of Trump's tariffs on the Canadian economy. The Canadian government's decision to impose retaliatory tariffs is likely to further escalate the trade dispute. It remains to be seen whether the two countries can find a way to resolve their differences
CANADA TARIFFS TRUMP TRADE WAR ECONOMY
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