Brief by Shorts91 Newsdesk / 10:55am on 04 Mar 2025,Tuesday International
Canada will impose 25% tariffs on C$155 billion ($107 billion) worth of U.S. goods starting Tuesday, Prime Minister Justin Trudeau announced. The move retaliates against U.S. President Donald Trump's 25% tariffs on Canadian and Mexican imports. "Our tariffs will remain in place until the U.S. trade action is withdrawn," Trudeau stated, adding that Canada may introduce further non-tariff measures. Initially, C$30 billion in goods will be affected, with the remaining C$125 billion hit in 21 days. The escalating trade tensions between the two countries have sparked concerns over economic repercussions.
