Feb. 1, 2025, 9:46 PM EST / Updated Feb. 2, 2025, 12:27 AM EST
By Megan Lebowitz
... U.S. allies Canada and Mexico said that they would implement their own tariffs in response to Trump's, a move that signals further economic upheaval among the close trading partners. China, a U.S. competitor, did not mention retaliatory tariffs or other specific measures but said it would file a lawsuit with the World Trade Organization and enact "necessary countermeasures" ...
... Trudeau announced Saturday night that Canada would respond to Trump's decision to enact a 25% tariff on Canadian exports to the U.S. by implementing a 25% tariff against $155 billion in U.S. goods. Trudeau did not specify whether the $155 billion in American goods was the products' worth in Canadian or U.S. dollars. $155 billion in Canadian dollars would be about $106 billion in U.S. dollars.
Trudeau said during the Saturday evening news conference that the tariffs on American goods include "immediate tariffs on $30 billion worth of goods as of Tuesday," the same day the U.S. is set to begin collecting tariffs on Canadian goods. He said that the rest of the tariffs will come in about three weeks "to allow Canadian companies and supply chains to seek to find alternatives."
"Like the American tariffs, our response will also be far reaching and include everyday items such as American beer, wine and bourbon, fruits and fruit juices, including orange juice, along with vegetables, perfume, clothing and shoes," Trudeau said. "It'll include major consumer products like household appliances, furniture and sports equipment, and materials like lumber and plastics, along with much, much more" ...
https://www.nbcnews.com/politics/donald-trump/trudeau-retaliatory-tariffs-canada-us-trump-rcna190314
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