Canada will impose tariffs on American products In reaction to the levies announced by the president of the United States, Donald Trump.
The Canadian Prime Minister, Justin TrudeauHe confirmed the measure and pointed out that this will affect a wide variety of goods from the neighboring country.
“Canada will impose 25% tariffs over a total of 155,000 million Canadian dollars (about 106,000 million dollars) to American products,” said Trudeau. He also warned that this decision reflects a deterioration in the relationship between Ottawa and Washington.
On Tuesday the first package of tariffs will be made public, which will cover goods valued at 30,000 million Canadian dollars (about 20.6 billion dollars). In three weeks, a second round will be implemented that will cover products for an additional value of $ 125,000 million (about 86,000 million dollars).
“Certainly, we are not looking for an escalation. But we will defend Canada, Canadians and Canadian jobs, ”said Trudeau in relation to this commercial measure.
The United States has confirmed that it intends to impose 25% Tariffs on Most Canadian Goods, with 10% Tariffs on Energy, Starting February 4.
I’ve met with the premiers and Our Cabinet Today, and i’ll Be Speaking With President Sheinbaum of Mexico Shortly.
We Did …
– Justin Trudeau (@justintrudeau) February 2, 2025
Products that will be subject to tariffs
The Canadian government will apply these tariffs to a series of consumer goods, including “daily articles” such as beer, wine and bourbon of American origin. Agricultural products such as fruits and vegetables will also be affected, as well as appliances, wood and plastics.
For his part, Trump justified the imposition of tariffs on Canada, Mexico and China arguing that it is a Response to problems related to illegal immigration and drug trafficking.
The American president announced that he will impose taxes to products such as oil, gas, microchips and steel. In a statement to the press at the Oval office, Trump said: “Am I going to impose tariffs on the European Union? Do you want a sincere answer or do I give you a political answer? Of course. The European Union has treated us terribly. ”
On Friday, Trump said Mexico, Canada and China “nothing” can do to avoid these tariffs. “It will happen quite soon,” he said, indicating that some of these taxes could enter into force “around February 18”.
“We are going to impose tariffs on microchips (…) to oil and gas” and “many” on steel, he said. He also mentioned that taxes will include pharmaceutical products and copper.
The US president has reiterated that these measures are in Answer to what he considers insufficient efforts of these countries to curb fentanyl traffic. In addition, it accuses Canada and Mexico of allowing the entry of unauthorized migrants to the United States.
“The president will impose 25% of tariffs on Mexico, 25% of tariffs on Canada, and 10% of tariffs to China for the illegal fentanyl they produce and that allow distributing in our country,” as well as for migrants who cross the border without authorizationsaid White House spokeswoman, Karoline Leavitt.
Despite these measures, Trump indicated that taxes to Canadian oil, which represents 60% of US imports in that sector, could adjust.
“Probably, I’m going to lower tariffs on him. We are thinking of limiting them to 10%, ”said the US president.
María Camila Salas V
Digital scope writing
Time
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