Canada will retaliate if Trump raises import tariffs

Canadian Prime Minister Justin Trudeau said the country would retaliate with its own tariffs if US President-elect Donald Trump imposes a 25% tariff on imports from Canada.

"Of course, Canada will respond to unfair tariffs in many ways, just as we did eight years ago, and we are still looking for the most appropriate ways to respond," Prime Minister Trudeau said on December 9.

The Canadian leader said Americans are slowly realizing that tariffs on goods from Canada will make their lives much more expensive.

Mr. Trump speaks with Canadian Prime Minister Justin Trudeau in the UK in 2019.

Late last month, President-elect Trump announced that he would impose a 25% tariff on imports from Canada and Mexico unless those countries did more to stem the flow of migrants and illegal drugs at their borders into the U.S. Following the move, Canadian Prime Minister Trudeau quickly traveled to Florida (USA) and met with President-elect Trump.

There, Mr. Trump and Mr. Trudeau discussed trade and borders. According to The Wall Street Journal , citing people present at the meeting, the Canadian leader also expressed to Mr. Trump the impact of tariffs on the Canadian economy.

China, Mexico, Canada warn after Trump threatens to raise tariffs on first day in office

"I'm a big believer in tariffs... All I want to do is, I want a level playing field, fast but fair," President-elect Trump shared in an interview with NBC on December 8.

During his first term, Trump imposed a 25% tariff on steel and a 10% tariff on aluminum imports from Canada. Canada retaliated with a 25% tariff on US steel and a 10% tariff on aluminum, as well as a 10% tariff on a range of other US consumer goods. Those tariffs were lifted in 2019 following a US-Canada agreement.

The United States and Canada have one of the largest trading relationships in the world. Nearly three-quarters of Canada’s total exports go to the United States. Forecasting firm Oxford Economics calculates that a 25% tariff, along with retaliatory tariffs from Ottawa, would trigger a recession in Canada.

Source: https://thanhnien.vn/thu-tuong-trudeau-canada-se-tra-dua-neu-ong-trump-tang-thue-nhap-khau-185241210091406147.htm