Market
Which sector will be most affected by potential U.S. tariffs on Canadian imports by March 1, 2025?
2
Resolution / Starting Odds
Automotive • 25%
Agriculture • 25%
Technology • 25%
Other • 25%
Economic reports or analyses from credible sources such as government or financial institutions
Story
Trudeau Promises Equivalent Tariffs if U.S. Imposes 25% Duties on Canadian Imports Starting February 1
Jan 21, 2025, 04:19 PM
Canadian Prime Minister Justin Trudeau has vowed a strong, robust, rapid, and measured response if U.S. President Donald Trump imposes 25% tariffs on Canadian imports starting February 1. Trudeau stated that Canada will respond and 'everything is on the table,' indicating a readiness to counter any such measures with equivalent tariffs. This statement follows Trump's announcement made shortly after his inauguration, where he suggested the possibility of imposing tariffs on Canada and Mexico due to concerns over immigration and the influx of fentanyl.
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