Canada announces 25% retaliatory tariffs on US imports

02/02/2025 Argaam
Flags of USA and Canada

Flags of USA and Canada 

Canada’s Prime Minister Justin Trudeau announced that a 25% tariff will be imposed on US products, in response to those announced earlier by US President Donald Trump.

 

Trudeau said in a press conference that tariffs will be imposed on a total of CAD 155 billion (equivalent to $106.6 billion).

 

He stated that starting from Tuesday, custom duties will be applied to goods worth $30 billion, followed by additional taxes on goods worth $125 billion within 21 days.

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