OTTAWA: Canada has announced a 25% tariff on imports from the United States.
This decision follows the U.S. imposing tariffs on Canadian imports.
The Canadian government sees this as a necessary countermeasure.
Officials stress the need to protect domestic industries from economic harm.
Trudeau Calls for National Support
Prime Minister Justin Trudeau confirmed Canada and Mexico will work together.
Their goal is to respond effectively to U.S. trade policies.
Trudeau urged citizens to buy locally produced goods.
He also encouraged Canadians to spend holidays within the country.
U.S. Tariff Impact on Trade Relations
Earlier, the U.S. imposed a 25% tariff on Canadian and Mexican imports.
Additionally, Chinese exports to the U.S. now face a 10% tariff.
These measures have sparked tensions between key trade partners.
The global market remains uncertain following these announcements.
Future Trade Developments Expected
Experts predict further discussions on tariffs and trade policies.
Canada and Mexico may explore legal actions or diplomatic solutions.
Businesses in all affected nations will likely face economic adjustments.
Observers are closely monitoring reactions from global financial markets.
