Canadian Prime Minister Justin Trudeau declared on Tuesday that Canada won’t again down in its escalating commerce warfare with america, calling US President Donald Trump’s tariffs a “very dumb factor to do.” In response, Trudeau introduced 25% retaliatory tariffs on $30 billion price of US imports.
“America launched a commerce warfare in opposition to Canada… Canadians are cheap. We’re well mannered. We won’t again down from a struggle,” Trudeau mentioned, emphasizing that whereas he considers Trump a “good man,” his commerce insurance policies are reckless.
Trump’s endgame? Trudeau alleges annexation motive
Trudeau went additional, claiming Trump’s final purpose is to see Canada’s financial system “collapse” to make annexation “simpler.” The explosive comment comes as Washington implements sweeping tariffs—25% on Canadian and Mexican imports and 10% on Canadian vitality exports.
Trump, who has beforehand floated the concept of creating Canada the 51st US state, has defended the tariffs as obligatory to guard American jobs. Nevertheless, Trudeau’s feedback mark the strongest Canadian pushback but, suggesting a deeper geopolitical motive behind the financial battle.
Markets rattle as commerce tensions escalate
International markets reacted negatively, with the Dow dropping over 500 factors following the announcement. Financial analysts warn the tariffs may set off inflation and disrupt North American provide chains. Canada’s countermeasures, set to take impact in three weeks, will goal key US sectors, together with agriculture and metal.
In the meantime, Mexico’s President Claudia Sheinbaum vowed to impose retaliatory tariffs, including one other layer to the rising North American commerce dispute. Consultants say Trump’s strikes may push US commerce coverage again to its most protectionist stance since World Battle II.
No decision in sight
Regardless of diplomatic efforts, neither aspect seems keen to de-escalate. “Our tariffs will stay in place till US commerce motion is withdrawn,” Trudeau mentioned.
With each nations digging in, the commerce warfare reveals no indicators of easing—elevating fears of long-term financial penalties for companies and customers on either side of the border.
