Canada imposes new duties in response to Trump’s order

Source:  Lb.ua
Трюдо

The duties will include American beer, wine, and bourbon, as well as fruits and fruit juices from Florida.

Prime Minister Justin Trudeau said that Canada is responding to President Donald Trump’s new tariffs by imposing 25 percent tariffs on a number of imported goods from the United States. This was reported by Reuters.

In particular, Trudeau said that Canada is imposing tariffs on American goods worth 155 billion Canadian dollars. According to him, duties on 30 billion Canadian dollars will take effect on Tuesday, the same day as Trump’s decree on the duty, and the tariff on the remaining 125 billion Canadian dollars will take effect in 21 days.

In particular, the duties will include American beer, wine and bourbon, as well as fruits and fruit juices, including orange juice from Trump’s home state of Florida. Canada will also impose duties on goods such as clothing, sports equipment, and household appliances.

According to Trudeau, the coming weeks will be difficult for Canadians, but Americans will also suffer from Trump’s actions.

“Tariffs against Canada will jeopardize your jobs, which could lead to the closure of American auto assembly plants and other manufacturing facilities,” Trudeau said.

Canada is also considering non-tariff measures potentially related to critical minerals, energy procurement, and other partnerships. According to the Canadian government’s 2023 data, more than $2.5 billion in trade passes through the 9,000-kilometer US-Canada border every day, especially in the energy and manufacturing sectors.

In 2023, Canada exported about 550 billion Canadian dollars worth of goods and services to the United States, or more than three-quarters of its total exports. Energy accounted for 30% and manufacturing for about 15% of exports south of the border.

Exports to the United States account for approximately 17.8% of Canadian gross domestic product and support more than 2.4 million jobs in Canada.

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