Canadian Prime Minister Justin Trudeau has pledged a strong national response if incoming U.S. President-elect Donald Trump follows through on threats to impose a 25% tariff on all Canadian goods.
On Wednesday, January 15, Trudeau met with Canada’s provincial leaders to discuss potential retaliatory measures. The meeting focused on strategies to protect key Canadian industries that could be heavily impacted by such tariffs.
One of the primary sectors at risk is Canada’s energy industry, a crucial component of the nation’s economy. Experts warn that steep tariffs could disrupt trade, lead to job losses, and strain the longstanding economic relationship between Canada and the United States.
“We will respond appropriately to any actions that harm our economy,” Trudeau stated, emphasizing the importance of safeguarding Canadian interests while maintaining strong bilateral ties.
The prospect of a significant trade dispute with the U.S., Canada’s largest trading partner, has raised concerns among businesses and officials. As the new U.S. administration prepares to take office, uncertainties loom over future trade agreements and policies.
Observers are watching closely to see how these developments unfold and what implications they may have for the economic partnership between the two nations.
Reference(s):
Trudeau vows retaliation over Trump’s 25% Canada tariff threat
cgtn.com
