Canada Retaliates with $107 Billion in Tariffs on U.S. Imports

Canada is striking back after President Donald Trump imposed steep tariffs on Canadian goods, with Prime Minister Justin Trudeau announcing retaliatory measures worth C$155 billion ($107 billion).

Trudeau said Canada will impose 25% tariffs on U.S. products, with C$30 billion ($21 billion) taking effect Tuesday and the remainder following in 21 days. The targeted goods include American beer, bourbon, clothing, household appliances, and agricultural products like orange juice.

The move comes after Trump ordered 25% tariffs on Canadian and Mexican imports and 10% on Chinese goods. The White House said the tariffs are aimed at addressing trade imbalances and national security concerns.

Trudeau warned that the U.S. measures will disrupt supply chains and increase costs for both countries, particularly in manufacturing and energy. He also hinted at further actions on critical minerals and energy procurement.

"The better path is to partner with Canada, not to punish us," Trudeau said.

With over $2.5 billion in daily trade between the U.S. and Canada, the economic impact of the tariff war is expected to be significant, fueling concerns about inflation and slowing growth in both economies.

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