...Trump's decision to impose tariffs on Canada is possible one of the worst and dumbest decision an American leader has done in the history of USA>
...Get ready for Inflation 2.0 and I think markets will be very jittery tomorrow. Canada responds with tariffs on $170b in US goods
Andrew Hobbs
Canada’s Prime Minister Justin Trudeau slammed Donald Trump’s decision to impose tariffs on it, saying he will put tariffs on $C155 billion ($170 billion) of US goods.
“Tonight, I am announcing Canada will be responding to the US trade action with 25 per cent tariffs against $C155 billion worth of American goods,” Trudeau said.
“This will include immediate tariffs on $C30 billion worth of goods as of Tuesday, followed by further tariffs on $C125 billion worth of American products in 21 days time to allow Canadian companies and supply chains to seek to find alternatives.”
Trudeau lamented Trump’s decision saying it will drive the two countries apart after years and years of close co-operation.
“From the beaches of Normandy to the mountains of the Korean Peninsula, from the fields of Flanders to the streets of Kandahar, we have fought and died alongside you,” Trudeau says.
“During your darkest hours during the Iranian hostage crisis, those 444 days, we worked around the clock from our embassy to get your innocent compatriots home.
“During the summer of 2005 when Hurricane Katrina ravaged Your great city of New Orleans, or mere weeks ago, when we sent water bombers to tackle the wildfires in California” we were always there for you.
