Canadian Prime Minister Justin Trudeau announced that Canada will retaliate against President Trump’s 25% tariff on Canadian exports by imposing a 25% tariff on $155 billion worth of U.S. goods. Mexico and China are also affected by Trump’s tariffs. Trudeau emphasized the importance of the U.S.-Canada alliance and urged Americans to consider the consequences of the tariffs. Mexico and China are also considering reciprocal tariffs. The tariffs could impact prices for consumers and have broader implications beyond the economy. Trump justified the tariffs as a response to the threat of illegal drugs entering the U.S., particularly fentanyl.
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