Canada announces $155B tariff package in response to US tariffs

Government of Canada
February 1, 2025
Category: Business & Politics
Region: Canada, United States

The Government of Canada is moving forward with 25 per cent tariffs on $155 billion worth of goods in response to the unjustified and unreasonable tariffs imposed by the United States on Canadian goods. These countermeasures have one goal: to protect and defend Canada’s interests, consumers, workers, and businesses. The first phase of our response will include tariffs on $30 billion in goods imported from the U.S., effective February 4, 2025, when the U.S tariffs are applied. …Minister LeBlanc also announced that the government intends to impose tariffs on an additional list of imported U.S. goods worth $125 billion. A full list of these goods will be made available for a 21-day public comment period. …In addition to this initial response, Ministers LeBlanc and Joly reiterated that all options remain on the table. …Less than 1 per cent of the fentanyl and illegal crossings into the United States come from Canada.

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