Canada's Justin Trudeau announces retaliatory tariffs following Trump's executive order
Canada's Prime Minister Justin Trudeau announced Saturday night that his country would respond to President Donald Trump's decision to enact a 25% tariff on Canadian exports to the U.S. by implementing a 25% tariff against $155 billion in U.S. goods.
Trudeau did not specify whether the $155 billion in American goods was the products' worth in Canadian or U.S. dollars. $155 billion in Canadian dollars would be about $106 billion in U.S. dollars.
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Trudeau's comments came just hours after Trump signed an executive order implementing tariffs on goods from Canada, Mexico and China. Trump's order implemented a 25% tariff on imports from Mexico and Canada — excluding Canadian energy products, which would face a 10% tariff. He also implemented an additional 10% tariff on imports from China.
Trudeau said during the Saturday evening press conference that the tariffs on American goods include "immediate tariffs on $30 billion worth of goods as of Tuesday," the day the U.S. is set to begin collecting tariffs on Canadian goods. He said that the rest of the tariffs will come in about three weeks "to allow Canadian companies and supply chains to seek to find alternatives."
"Like the American tariffs, our response will also be far reaching and include everyday items such as American beer, wine and bourbon, fruits and fruit juices, including orange juice, along with vegetables, perfume, clothing and shoes," Trudeau said. "It'll include major consumer products like household appliances,