Economist Steve Moore and former member of the White House Economic Advisers Council Tomas Philipson talk about President Donald Trump’s tariffs about foreign countries on the “bottom of lines”.
Ottawa – Canada reacts to 25% of President Donald Trump’s tariff imposed on Saturday against his northern neighbor with his main retaliationCanadian Prime Minister Justin Trudeau posted late on Saturday night.
From Tuesday, when US tariffs take effect, Canada will impose 25% duties at around $ 21 billion in US goods with an additional $ 86 billion followed within 21 days to allow Canadian companies and supply chains to find alternatives, Trudeau told reporters At the A Conference for Journalists on the Parliament Hill in Ottawa, surrounded by their foreign ministers, finance and public security.
He said the Canadian tariffs will cover the “far -reaching” range of products on American imports, including American beer, wine, bourbon, fruit and fruit juice, vegetables, clothes, shoes, household appliances, furniture, sports equipment, wood, plastic, “together with a lot, a lot more. “
In Trump’s executive command published on Saturday, Canadian energy resources will face a lower 10%tariff.
Trump imposes tariffs to import from Canada, Mexico and China: ‘National Emergency Situation’
Prime Minister Justin Trudeau speaks during a press conference while answering the command of President Donald Trump to impose 25% of tariffs on Canadian import, Ottawa, February 1, 2025. (Reuters/Patrick Doyle)
Trudeau said that there were also several non-Tariff measures on the table, such as exports to critical minerals, energy and government procurement, and added that “now is the time to select Canada”, such as buying Canadian products “and” Outing for the Canadian Raz via Kentucky Bourbon, or all together on Florida orange juice. “
“Actions that undertaken today Trump’s White House Share us instead of gathering us, “Trudeau said, who noted that he had not talked to Trump from his inauguration as a president.
However, the President’s executive order warned that “if Canada revenge” with his own imported duties on US exports, Trump “may increase or expand his duties imposed” Canadian exports.
In a factual list posted on Saturday by the White House, the US conducts tariffs against Canada, Mexico and China to consider them responsible “for their promises to stop illegal immigrations and stop poisonous fental and other drugs to enter our country.” This “extraordinary threat,” said the White House, “represents the national emergency according to the Law on International Emergency Economic Force.”
However, Trudeau claimed that “less than 1% of the fental and less than one% illegal transition to the United States comes from Canada.”
During the Fiscal Year 2024 – October 1, 2023 to 30 September 2024. Mexico.
Trump’s executive command acknowledged that “much less fentanil [flowed] from Canada than from Mexico last year, but “the amount crossed by the northern border could kill 9.5 million Americans.”
Trump’s tariffs enter into force on Saturday: what to know
President Donald Trump and Canadian Prime Minister Justin Trudeau attended the NATO on December 4, 2019 in Watford, England. (Dan Kitwood / Getty Images)
Last December, the Canadian government discovered a plan of $ 895 million for to strengthen the safety of the borderincluding the strategy for “detecting and interfering with the fentanil trade”.
Canadian conservative leaders joined Trudeauu, calling for a quick and strong response to the tariffs.
In a statement Posted on Saturday, the official leader of the conservative opposition Pierre Poilievre “condemn[ed] The huge, unjust and unjustified tariffs of President Trump “and said that Canada should” take revenge on dollar tariffs for the dollar carefully aimed at maximizing the impact on US companies, at the same time a minimizing impact on Canadian consumers. ”
“It means aiming to us products that we can do, buy elsewhere or without without,” said Poilievre, whose conservatives lead to the public surveys and are ready to form the next Canadian government in the general elections that are expected this spring.
Doug Ford is in his own election campaign to maintain his progressive conservatives in power in the most populous Canadian province, Ontario, and made the fight against Trump’s tariff to the central theme.
“President Trump has decided to move forward with tariffs that he will only harm America and make Americans poor. Canada has no other choice now than to return and hit strongly,” Prime Minister Ontario said in X post Saturday.
The Canadian government must “embark on every legal path to dispute these dishonest, unjustified and illegal tariffs,” Ford said. “The following days and weeks will be incredibly heavy.”
Vehicles cross the Blue Water Bridge across the St. Claire to Port Huron, Michigan from Sarni, Canada, March 18, 2020. (Jeff Kowalsky / AFP Via / Getty Images)
David Eby, Prime Minister British ColumbiaHe announced on Saturday that he had sent a BC agency for the distribution of alcoholic beverages to stop buying alcohol from the Red Republican states and “removed the most-selling” red-state “brand from the shelves of public alcoholic beverages.”
The reaction to Trump’s tariffs has spread outside politicians.
Hockey fans at the home game of Senator Ottawa against Minnesota Wild Saturday night encouraged the singing “Star Transparent” to express their dissatisfaction.
Charlie Angus, a member of a parliament that represents the North Ontario district – larger in the geographical size than the United Kingdom – in the House of MPs for the Progressive New Democratic Party, told Fox Business that the Liberal Government Trudeau can expect from Canadian “a pretty strong support to go to the whole distance “in contrast to Trump’s tariffs.
“People are serious P—- ED,” Angus said, co-founder A pledge for CanadaThe non -partisan group leaders from politics, work and art strongly opposes “threats to economic compulsion” and “serious risks” of Canadian sovereignty in response to US tariffs and president’s thinking about the annexation of Canada
“In fact, it unite us through the whole blow of different groups that would usually fight among us,” he said.
“We are dealing not only with the threat of tariff, but also the wicked insults against our right to even as a nation. This is not all we have ever seen before.”
Angus said that US duties against Canada would have a “brutally devastating impact” on both sides of the border.
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View of Toronto Skyline from Riverdale Park during sunset in Ontario, Canada, March 28, 2024. (Mert Alper Dervis / Anadolu Via / Getty Images)
During the first three quarters of 2024, $ 683 billion of goods and services crossed the border of Canada-American years, according to a recent report from TD economy.
In analysis published last November at Trump’s 25% tariff threat against Canada, the Canadian Chamber of Commerce said that economic relegation would result in a decrease in US gross domestic product (GDP) by $ 1.6%, or about $ 467 billion, and reducing reduction in Canadian GDP -In $ 2.6%, or about $ 54 billion.
