Canada Responds to U.S. Tariffs with $155B Tariff Plan

Canada has announced its decision to implement 25 percent tariffs on goods imported from the United States valued at $155 billion. This decision, as stated by Finance Minister Dominic LeBlanc and Foreign Affairs Minister Mélanie Joly in Ottawa, is a countermeasure to tariffs that the U.S. has applied to Canadian exports.

Minister LeBlanc commented on the tariffs, describing them as a protective measure for Canada's economic interests and workforce. Foreign Minister Joly emphasized the government's stance, asserting that Canada intends to respond firmly to what it views as detrimental trade practices by the United States.

The tariff imposition reflects ongoing trade tensions between the two countries, with the Canadian government outlining these steps as necessary for protecting national interests.