Trudeau Vows Retaliation if Trump Imposes 25% Tariffs on Canada Starting February 1
Jan 21, 2025, 04:36 PM
Canadian Prime Minister Justin Trudeau has vowed to respond strongly if U.S. President Donald Trump proceeds with imposing 25% tariffs on Canadian imports, which could take effect as early as February 1. Trudeau stated that "Canada will respond, and everything is on the table," indicating that his government is prepared to implement retaliatory measures, including "dollar-for-dollar matching tariffs." He acknowledged that such actions would "cost Canadians," but assured that the federal government would be "there to support and compensate businesses" impacted by the trade dispute. Canadian officials have described their potential response as "robust, rapid, and measured," signaling a readiness to engage in a trade dispute if necessary.
View original story
Markets
Yes • 50%
No • 50%
Official announcement from the Canadian government or relevant trade authorities
Yes • 50%
No • 50%
Official announcements from US or Canadian government or trade authorities
No • 50%
Yes • 50%
Official announcement from the U.S. government or relevant trade authorities
Dollar-for-dollar matching tariffs • 25%
Other • 25%
Diplomatic measures • 25%
Non-tariff barriers • 25%
Official announcement from the Canadian government or relevant trade authorities
Other • 25%
Direct financial compensation • 25%
Tax breaks • 25%
Subsidies • 25%
Official announcements from the Canadian government or relevant trade authorities
Automotive • 25%
Technology • 25%
Other • 25%
Agriculture • 25%
Economic reports and analyses from credible financial institutions or government agencies