tariff

In retaliation for U.S. President Donald Trump’s tariffs, Canada is slapping 25 per cent tariffs on $155 billion worth of American goods. Prime Minister Justin Trudeau’s reciprocal response comes as he and Trump have yet to even speak about the exchange of massive trade action, he revealed in a lengthy press conference Saturday evening. Canada’s countermeasures will include immediate tariffs on $30 billion worth of goods as of Tuesday, followed by further tariffs on $125 billion worth of American products in 21 days time, to allow Canadian companies and supply chains to find alternatives. Trudeau announced the federal government’s phased…

President Donald Trump said in an Oval Office signing ceremony Monday evening that his administration will impose 25% tariffs on Mexico and Canada on February 1, an extraordinary change in North American trade policy that could raise prices for American consumers. Mexico and Canada are two of America’s top three trade partners. Last year, the US imported $475 billion worth of goods from Mexico and $418 billion from Canada, collectively accounting for 30% of the value of all the goods the US exported last year, according to federal trade data. Meanwhile, the US exported $354 billion worth of goods to…