Wednesday, October 15, 2025

Latest

Trudeau Is Answering Trump’s Reciprocal Tariffs With Own Reciprocal Tariffs

Prime Minister Justin Trudeau announced sweeping 25% retaliatory tariffs on $155 billion worth of American goods on the eve of the scheduled 25% levy imposed by President Donald Trump on Canada.

Despite Canada’s cooperation in addressing illicit drug trafficking, the prime minister stated that the White House “has decided to proceed with imposing 25% tariffs on Canadian exports and 10 per cent tariffs on Canadian energy,” adding, “Let me be unequivocally clear—there is no justification for these actions.”

Trudeau underscored his government’s frustration with the Trump administration’s rationale for the tariffs—specifically Washington’s claims about Canadian fentanyl and other illicit drug imports—citing data that suggests “less than 1% of the fentanyl intercepted at the US border comes from Canada.”

“Canada will not let this unjustified decision go unanswered,” Trudeau reiterated.

According to his statement, Canada’s countermeasures kicked in at 12:01 a.m. EST with $30 billion of immediate tariffs, followed by another $125 billion in 21 days unless the US reverses course.

“Our tariffs will remain in place until the U.S. trade action is withdrawn,” he explained. “And should US tariffs not cease, we are in active and ongoing discussions with provinces and territories to pursue several non-tariff measures.”

Some American companies—among them major automakers like General Motors—are bracing for fallout that could ripple across tightly integrated supply chains.

“Because of the tariffs imposed by the US, Americans will pay more for groceries, gas, and cars, and potentially lose thousands of jobs,” Trudeau stressed.

Still, Trudeau’s statement left the door open for a resolution, urging the US administration “to reconsider their tariffs” and reach a “fair deal” that respects mutual interests. But for now, it seems his message remains uncompromising.

“Tariffs will disrupt an incredibly successful trading relationship. They will violate the very trade agreement that was negotiated by President Trump in his last term,” the prime minister ended.


Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

When 4% of Global Copper Disappears Overnight | David Gower – Emerita Resources

Mining M&A: Gold X2 Acquires Kesselrun Resources

They Said Oil Was Dead. They Were Wrong. | Michael Judson – Record Resources

Recommended

Military Seizes Power in Madagascar After President Flees

Altamira Gold Hits 395.5 Metres Of 0.4 g/t Gold At Maria Bonita

Related News

51st State? 4 in 10 Young Canadians Would Accept US Citizenship Deal

Nearly half of young adult Canadians would consider their country becoming part of the United...

Monday, January 27, 2025, 09:47:40 AM

Trump Offers China Tariff Relief in Exchange for TikTok Deal Approval

President Donald Trump said on Thursday he would consider offering tariff relief to China in...

Friday, April 4, 2025, 02:17:00 PM

’60 Minutes’ Anchor Rebukes Parent Company as Trump Lawsuit Pressures CBS

In a rare and direct rebuke, 60 Minutes correspondent Scott Pelley on Sunday night publicly...

Monday, April 28, 2025, 03:47:00 PM

Unseen Migration Boom: Indian Migrants Flood Northern U.S. Border

A growing number of Indian nationals are making unauthorized crossings into the United States through...

Wednesday, September 11, 2024, 01:41:00 PM

Russia Retaliates: Joe Biden, Justin Trudeau Officially Banned From Entering Russia

Moscow has turned up its tit-for-tat measures against the US and Canada, this time by...

Wednesday, March 16, 2022, 12:37:00 PM