In response to US President Donald Trump’s decision to impose tariffs on Canadian goods, Canadian Prime Minister Justin Trudeau has announced that Canada will retaliate with 25% tariffs on billions of dollars worth of US goods. This move comes after Trump signed an order to levy 25% tariffs on goods from Canada and Mexico, as well as 10% levies on imports from China.
The escalating trade tensions between the US and its biggest trading partners have raised concerns about the impact on the global economy. To shed light on the situation, DW News spoke with Toronto-based political commentator, Sean Mallen, who discussed the potential for negotiation before the tariffs go into effect on Tuesday.
The implementation of these tariffs has the potential to disrupt the flow of goods and increase prices for consumers on both sides of the border. As the trade war continues to escalate, many are watching closely to see how the situation will unfold and what impact it will have on the economies of the countries involved.
For more updates on this developing story and other news, visit http://www.dw.com/en/.
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Video “Canada imposes 25% tariffs on US imports in retaliation to Trump's tariff plan | DW News” was uploaded on 02/02/2025 to Youtube Channel DW News