Justin Trudeau: "Let me be clear: These tariffs are totally unacceptable. For 150 years, Canada has been America's most steadfast ally."
- Canada will impose tariffs against imports of steel, aluminum, and other products from the US – we are imposing dollar for dollar tariffs for every dollar levied against Canadians by the US.
- These countermeasures will only apply to goods originating from the US and will take effect on July 1, and will remain in place until the US eliminates its trade-restrictive measures against Canada.
- Canada will also challenge these illegal & counterproductive measures under NAFTA Chapter 20 and at the WTO. It is simply ridiculous to view any trade with Canada as a national security threat to the US and we will continue to stand up for Canadian workers & Canadian businesses.
- Americans remain our partners, friends, and allies. This is not about the American people. We have to believe that at some point their common sense will prevail. But we see no sign of that in this action today by the US administration.
Creative destruction using global trade continues unabated as 45* worries about items closer to home… like Michael Cohen flipping.