Canada has fired the latest shot in a simmering trade conflict with the U.S., announcing 25% tariffs on American goods worth C$30 billion (US$22.4 billion) starting February 4. The move comes as direct retaliation for President Trump’s new tariffs on Canadian imports, sparking fears of a full-blown trade war. 🚨
The tariffs target everyday items like:
☕ Coffee & orange juice
🥜 Peanut butter & wine
💄 Cosmetics & appliances
But this is just Phase 1. A second wave of tariffs on C$125 billion worth of U.S. imports—including cars, steel, pork, and aerospace products—is coming soon. 🚗✈️
Prime Minister Justin Trudeau warned of even bigger moves ahead: “We’re considering everything from blocking U.S. bids for government contracts to restricting exports of critical minerals.” 💡🇨🇦
The stakes are high: Canada’s Chamber of Commerce predicts a 2.6% GDP drop and $1,900/year cost per household if tariffs escalate. U.S. households could lose $1,300 annually. 💸📉
With both nations set to implement tariffs simultaneously on February 4, tensions show no signs of cooling. Could this become North America’s biggest economic showdown since NAFTA? 🤔🌎
