In a punitive action against Donald Trump, Canadian Prime Minister Justin Trudeau announced on Sunday that Canada may establish 25 % taxes on$$ 106 million worth of US goods. The former signed the executive order that imposed severe tariffs on imports from China, Mexico, and Canada, escalating conflicts in a developing trade conflict shortly after signing it.
” Canada will be responding to the US trade action with 25 % tariffs against Can$ 155 billion ($ 106 million ) worth of American goods”, he said
Additionally, Trudeau made the announcement that US tariffs and hostile duties did start effective on Tuesday for$ 30 billion worth of US drinking and fruits.
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He addressed American consumers with a clear message before his address.
” It will have real consequences for you, the American people”, he said.
Trudeau said,” The steps taken immediately by the White House split us apart rather than bringing us up,” warning that it could lead to “dark times” for some.
Trump declared an economic disaster, imposing tariffs of 10 % on all imports from China and 25 % on all products from Mexico and Canada. However, energy exports from Canada—including oil, natural gas, and electricity—would be subject to a reduced 10 % price.
” Today, I have implemented a 25 % Tariff on Imports from Mexico and Canada ( 10 % on Canadian Energy ), and a 10 % additional Tariff on China. Due to the significant threat of illegal aliens and deadly drugs, including fentanyl, our citizens are dying, this was accomplished through the International Emergency Economic Powers Act ( IEEPA ). As leader, it is my responsibility to ensure the health of all Americans. Americans overwhelmingly voted in favor of it, according to Trump in a post on social media.” I made a claim on my Campaign to stop the storm of illegal aliens and drugs from pouring down our borders.
Trump has argued that the government may rely on tax revenue more than it did before the income tax was imposed in 1913. He asserts—despite financial data to the contrary—that the US was at its wealthiest during the 1890s under then-President William McKinley.
