Canada willing to inflict economic pain to get Trump back down: Trudeau on tariffs threat
Canadian PM Justin Trudeau Warns of Strong Response to US Tariff Plans
In Ottawa, Canada, Prime Minister Justin Trudeau has issued a warning to the United States regarding President Donald Trump's plan to impose tariffs. Trudeau stated that Canada is prepared to take strong economic actions against the US if the tariffs are implemented. This announcement follows Trump's decision to impose a 25% tariff on imports from Mexico and Canada starting February 1.
Trudeau emphasized that Canada will respond with "robust, rapid" and "very strong" retaliatory measures. He expressed that while Trump is a skilled negotiator, Canada is also prepared to defend its interests. Trudeau highlighted the importance of maintaining a positive relationship with the US but made it clear that Canada will not back down in the face of threats.
Trudeau pointed out that Canada's natural resources, such as oil, lumber, steel, aluminum, and critical minerals, are essential for the US economy. He believes this gives Canada leverage in negotiations. Despite Trump's rhetoric, Trudeau argued that the US needs Canadian resources to achieve economic growth.
After his inauguration, Trump delayed issuing an executive order for the tariffs but later suggested a 25% tariff would be in place soon. He also signed a new trade policy focusing on unlawful migration and fentanyl flows, with a report due by April 1. During his campaign, Trump had threatened tariffs on Mexico, Canada, and China, claiming financial benefits for the US despite expert warnings of consumer impact.
Doubts Revealed
Canadian PM
The Canadian PM is the Prime Minister of Canada, who is the head of the government in Canada. His name is Justin Trudeau.
Tariff
A tariff is a tax that a government puts on goods coming into the country. It makes imported goods more expensive to encourage people to buy local products.
Economic retaliation
Economic retaliation means taking actions to hurt another country's economy in response to something they did. It could involve imposing tariffs or other trade barriers.
US President Donald Trump
Donald Trump was the President of the United States from 2017 to 2021. He is known for his strong opinions on trade and immigration.
25% tariff
A 25% tariff means that an extra 25% tax is added to the price of goods imported from another country. This makes those goods more expensive.
Fentanyl
Fentanyl is a very strong medicine used to relieve pain. It can be dangerous if not used properly and has been a big problem in some countries due to illegal use.
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