CP NewsAlert: Trudeau announces 25 per cent targeted retaliatory tariffs

By Canadian Press on February 1, 2025.

WASHINGTON — Prime Minister Justin Trudeau says Canada will impose 25 per cent immediate retaliatory tariffs on American good worth $30 billion starting Tuesday in the wake of U.S. Donald Trump’s move to slap Canada with devastating duties.

Trudeau said an additional $125 billion in duties on American products will follow in 21 days, allowing Canadian consumers and supply chains to find alternatives.

More to come.

Kelly Geraldine Malone, The Canadian Press