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submitted 2 weeks ago* (last edited 2 weeks ago) by MicroWave@lemmy.world to c/world@lemmy.world

Summary

Canadian Prime Minister Justin Trudeau announced retaliatory tariffs after Donald Trump confirmed 25% tariffs on Canadian goods and 10% on energy, set to take effect at 12:01 a.m. Tuesday.

Trump justified the move by linking it to fentanyl smuggling concerns.

Trudeau called the tariffs "unjustified" and imposed 25% tariffs on $155 billion in U.S. goods, with $30 billion effective immediately and the rest in 21 days.

He warned of price hikes and job losses in the U.S., arguing the move violates Trump’s own trade agreement from his last term.

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[-] Gammelfisch@lemmy.world 8 points 2 weeks ago

Carry on Prime Minister Trudeau and create better trade deals with the EU, EEC and friendly Asian countries.

[-] biofaust@lemmy.world 7 points 2 weeks ago

Today I watched both Trudeau and Sheinbaum's addresses.

I must say that Americans get even worse reputation everytime Trump and Vance talk even just because of the contrast with some of the best, most prepared speakers and I must say attractive individuals in politics today.

[-] Litebit@lemmy.world 7 points 2 weeks ago

should double those tariffs.

[-] kent_eh@lemmy.ca 8 points 2 weeks ago

If Trump escalates, so do we.

If we go "all in" on day one, we don't have any future leverage.

[-] Litebit@lemmy.world 3 points 2 weeks ago* (last edited 2 weeks ago)

you are right, got to strategically tariff so it hurts US but with minimal impact on Canada.

[-] HRP58@lemmy.ca 2 points 2 weeks ago

Tariffs on imports make the imports more expensive and push people to buy non-tariffed goods. This causes the exporting company to lose income from their exports

[-] MutilationWave@lemmy.dbzer0.com 5 points 2 weeks ago

Capitalist companies may lose income from lost sales, but they will be raising prices to match the tariff. Probably throw an extra 5-10% on top of that for greed, because they can blame it all on the tariff.

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this post was submitted on 04 Mar 2025
818 points (99.5% liked)

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