- Canadian Prime Minister Justin Trudeau on Saturday announced retaliatory tariffs against the US.
- Canada will impose a 25% tariff on US goods, some effective Tuesday and others in 3 weeks.
- The tariffs come after Donald Trump implemented 25% tariffs on Canadian goods imported to the US.
Canadian Prime Minister Justin Trudeau on Saturday announced retaliatory tariffs against the US in response to President Donald Trump’s tariffs on Canadian imports, which were implemented earlier in the day.
“Tonight, I am announcing Canada will be responding to the US trade action with 25% tariffs against 155 billion dollars worth of American goods,” Trudeau said during a press conference. “This will include immediate tariffs on $30 billion worth of goods as of Tuesday, followed by further tariffs on $125 billion worth of American products in 21 day’s time to allow Canadian companies and supply chains to seek to find alternatives.”
Canada’s tariffs come after Trump made good on an oft-repeated campaign pledge, implementing 25% tariffs on Canadian goods imported to the US in what he described as an effort to curb the fentanyl crisis.
A 2022 congressional report found Canada is not a major source of fentanyl or other synthetic opioids to the United States.
Representatives for the Trump administration and Trudeau’s office did not immediately respond to a request for comment from Business Insider.
