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Impact on Canadian economy if U.S. tariffs imposed by December 31, 2025?
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Story
Trump Threatens 25% Tariff on Canadian and Mexican Goods Over Immigration and Drug Issues
Dec 3, 2024, 03:13 PM
President-elect Donald Trump has threatened to impose a 25% tariff on all Canadian goods if Prime Minister Justin Trudeau does not address what Trump describes as illegal immigration and drug trafficking into the United States. This tariff threat was made in response to what Trump perceives as Canada's failure to control the flow of drugs and migrants across its borders, with similar threats also directed at Mexico. The potential economic impact on Canada could be significant, with experts warning that such tariffs could cripple the Canadian economy. Trudeau has responded by convening a meeting with opposition leaders to discuss his recent visit with Trump, indicating the seriousness with which the Canadian government is taking these threats. Trudeau has also conveyed to Trump that imposing tariffs would negatively affect Americans as well.
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