Trump launched a trade war against Canada on Saturday

Trump launched a trade war against Canada on Saturday the 1st of February 2025 by imposing a 25 per cent tariff on virtually all goods from this country
CBNA online desk
Trump launched a trade war against Canada on Saturday by imposing a 25 per cent tariff on virtually all goods from this country — an unprecedented strike against a long-standing ally that has the potential to throw the economy into a tailspin.
Trump’s long-threatened plan to inflict economic pain on Canada has materialized on the day he said it would, and it includes a 10 per cent tariff on Canadian energy products. Trump is also levying tariffs of 25 per cent on all Mexican goods and 10 per cent on goods from China.
Prime Minister of Canada Justin Trudeau announced late Saturday the federal government will hit back against the U.S. after President Donald Trump launched a trade war this weekend with punitive tariffs on all Canadian goods.
Trudeau said Canada won’t stand for an attack from a country that was supposed to be an ally and friend. Ottawa will immediately levy retaliatory tariffs on a whole host of American goods as payback for Trump’s attempt to wreck the Canadian economy, Trudeau said.
To start, Canada will levy 25 per cent tariffs on $30 billion worth of American goods coming into Canada as of Tuesday. The tariffs will then be applied to $125 billion worth of American imports in three weeks’ time.
“We don’t want to be here, we didn’t’ ask for this, but we will not back down in standing up for Canadians,” Trudeau said.
The prime minister said American liquor like beer, wine and spirits, vegetables, clothing, shoes and perfume will be among the first items to face Canadian retaliatory tariffs. Canada will also slap tariffs on American consumer products such as household appliances, furniture and sports equipment.
Trudeau said there is more non-tariff trade action coming to try to force Trump’s hand and get him to call off the hostilities.Those actions are still to be decided but could include measures like restrictions on the export of critical minerals and energy products to U.S. and a move to block American companies from bidding on government contracts, the Prime Minister said.
Source: CBC News, Canada