In a sharp response to the United States’ tariff measures, Canada has announced retaliatory tariffs on U.S. imports, set to take effect today. The Canadian government confirmed that it will impose 25% tariffs on American imports worth C$30 billion, following former U.S. President Donald Trump’s decision to enforce 20% tariffs on Chinese imports and maintain tariffs on Mexico and Canada.
A statement from the Canadian Prime Minister’s Office emphasized that the move is a direct countermeasure to the U.S. trade policy, warning that Canada “will not hesitate to protect its economic interests.” The announcement comes amid rising global trade tensions, with Washington reaffirming its reciprocal tariff policy starting April 2nd.
Trump, in his remarks, reiterated that there is “no room left for a deal” on tariffs with Canada and Mexico but expressed willingness to consider a free trade agreement with Argentina. However, Ottawa’s decision signals growing friction between the two key trading partners, with businesses on both sides preparing for potential economic fallout.
As trade relations between Canada and the U.S. continue to strain, market analysts expect supply chain disruptions and increased costs for industries reliant on cross-border trade. The impact of these tariffs will be closely watched as the global economic landscape braces for further trade realignments.
