In response to President Donald Trump’s imposition of new tariffs, Canada has announced retaliatory measures involving a 25% levy on a range of U.S. imports. Prime Minister Justin Trudeau made this announcement on Saturday, emphasizing the impact it will have on American goods entering the Canadian market.
Expanding on the context, the decision to retaliate comes amidst escalating trade tensions between the two neighboring countries. President Trump’s tariffs have significantly strained the trade relationship, prompting Canada to take action to protect its own interests and industries. The move by the Canadian government is seen as a strategic response to safeguard its economy from the effects of the imposed tariffs by the U.S.
Opinion from Ramesh Khatri, representative of Kansai Nepal News: “The retaliatory measures taken by Canada reflect the country’s commitment to defending its economic interests in the face of external pressures. This move underlines the importance of maintaining a balanced and fair trade environment between nations, especially in times of heightened trade disputes. It will be interesting to observe how this tit-for-tat situation between Canada and the U.S. unfolds and its broader implications on global trade relations.”
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Author: MAYA | HARUTO
Posted at: February 2, 2025 7:09 pm