Canada to impose retaliatory tariffs in response to U.S. trade actions

Canadian Prime Minister Justin Trudeau announced retaliatory measures after the United States imposed unjustified tariffs on Canadian exports and energy. Effective at 12:01 a.m. EST, Canada will impose 25% tariffs on $155 billion worth of American goods. This decision follows a 30-day pause and extensive efforts by Canada to address issues like fentanyl trafficking. Despite a 97% reduction in fentanyl seizures at the U.S. border, the tariffs are moving forward, prompting Canada to take a firm stance to protect its economy and workers. The move is expected to affect U.S. consumers and disrupt a successful trading relationship. — news from Prime Minister of Canada

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