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What will be the impact on the Canadian economy if Trump imposes 25% tariffs by the end of 2025?
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Story
Trudeau Vows 'Everything on the Table' Response if Trump Imposes 25% Tariffs on Canada
Jan 21, 2025, 04:01 PM
Canadian Prime Minister Justin Trudeau has vowed a "robust, rapid, and very strong" response if U.S. President Donald Trump proceeds with imposing 25% tariffs on Canadian imports starting February 1. Trudeau stated, "If the President does choose to proceed with tariffs on Canada, Canada will respond, and everything is on the table." He supports the principle of dollar-for-dollar matching tariffs, acknowledging that such measures will cost Canadians but emphasizing the government's readiness to "support and compensate businesses" impacted. Finance Minister Dominic LeBlanc noted that the government has prepared responses for various possible scenarios that have been under consideration for weeks.
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