Trade Tensions Escalate as Canada Responds to US Tariffs
Canadian Prime Minister Justin Trudeau announced 25% tariffs on C$155 billion (US$106.5 billion) of American imports, escalating a trade spat sparked by former U.S. President Donald Trump’s new tariffs. 🌍💥 The measures, split into two phases, aim to counter what Trudeau called “unfair” U.S. duties.
What’s Being Taxed? 🍷🧃
The tariffs target everything from Florida orange juice (a nod to Trump’s home state) to American bourbon, beer, clothing, and household appliances. Trudeau warned the move would “raise costs for Americans at grocery stores and gas pumps” while urging Canadians to shop local and vacation domestically. 🛒🏡
Timeline & Fallout 📅🔥
C$30 billion in tariffs kick in Tuesday, with C$125 billion following in 21 days. Canada is also eyeing non-tariff measures on energy and minerals. Trudeau vowed, “We didn’t ask for this, but we won’t back down.” Analysts predict higher prices on both sides of the border as tensions simmer. 💸⚖️
