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Canada could impose tariffs on $105 billion worth of US imports: Bloomberg

  • Canada plans to impose tariffs on $105 billion worth of U.S. imports if President-elect Donald Trump follows through with his 25 percent tariff threat.
  • Prime Minister Justin Trudeau will announce a consultation period for tariffs covering approximately $37 billion of U.S. imports, with implementation to follow immediately after.
  • B.C. Premier David Eby warned that Trump's tariff threat could erase 124,000 jobs and reduce economic growth, leading to a loss of $69 billion in economic activity.
  • Trudeau stated that any response to U.S. tariffs would not disproportionately burden one province over others, emphasizing a united front from Canadian leaders.
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The US President-elect Trump is fueling nervousness in Canada with his statements. In this way, he wants to unify the neighboring country and threatens with flat tariffs. Trudeau's government is preparing for defense. But the ranks are not yet completely closed.

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Bias Distribution

  • 44% of the sources are Center
44% Center
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Financial Times broke the news in London, United Kingdom on Wednesday, January 15, 2025.
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