Prime Minister Justin Trudeau says Canada will respond to any price lists imposed on Canadian goods by incoming U.S. President Donald Trump, bringing up previous retaliatory measures that contributed to the lifting of U.S. price lists on Canada five years ago. Was.
“Let us not deceive ourselves in any way, shape or form. Twenty-five per cent tariffs on everything going to the United States would be devastating to the Canadian economy,” he said.
“We are still considering the right ways to respond, but our response to unfair steel and aluminum tariffs led to those tariffs being lifted last time.,
Canada imposed retaliatory price lists in 2018, following then-US President Donald Trump’s introduction of a 25 per cent tariff on Canadian metal and a ten per cent tariff on Canadian aluminium. Canada’s response to much of the unified price list $16.6 billion On metals, aluminum and many other alternative goods from America. After both countries reached a guarantee in 2019, the price list was removed from both sides.
Trump has promised to impose 25 percent tariffs on all products from Canada and Mexico when he takes office in January 2025 unless both countries tackle the tide of illegal immigration and drugs crossing their borders.
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“We know some things about Donald Trump,” Trudeau said in Halifax. “We know when he says these things, he means them.”
During his December 9 address, Trudeau also said that Trump was elected to create second and affordable prices for American citizens, and that price gouging on Canadian goods would do the opposite. “People south of the border are starting to wake up to the reality that putting tariffs on everything from Canada will make life more expensive for Americans,” he said.
Trudeau said Canada will no longer need to worry about Trump’s price list plans.
“Knowing that yes, these (tariffs) will be absolutely devastating means we have to take them seriously, but it also means we have to be thoughtful and strategic,” he said.
Trump has also said he would allow renegotiation of the Tripartite Free Trade Agreement between the US, Canada and Mexico. When the three countries negotiated trade during Trump’s first term as president, known as the U.S.-Mexico-Canada Agreement (CUSMA), Canada had to make some concessions and drop barriers for U.S. dairy producers.
