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Canada Prepares to Defy Trump's Tariffs Amid Escalating Trade War

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Canadian Prime Minister Justin Trudeau has accused Trump of trying to undermine Canada's economy, and has maintained that Canada is not a significant contributor to the problems in the United States. Canada has also imposed 25% tariffs on U.S. goods, affecting $30 billion in imports.

    1. Trump wants to see a complete collapse of the Canadian economy.
    2. He wants to see a collapse of the Canadian economy because that would make it easier to annex us.
    3. Today, after a 30-day pause, the United States administration has decided to proceed with imposing 25 per cent tariffs on Canadian exports and 10 per cent tariffs on Canadian energy. Let me be unequivocally clear – there is no justification for these actions..
    4. Because of this work – in partnership with the United States – fentanyl seizures from Canada have dropped 97 per cent between December 2024 and January 2025 to a near-zero low of 0.03 pounds seized by US Customs and Border Protection..
    5. Canadians are reasonable and we are polite, but we will not back down from a fight, not when our country and the well-being of everyone in it is at stake.
    6. Today the United States launched a trade war against Canada, their closest partner and ally, their closest friend.
    7. At the same time, they are talking about working positively with Russia, appeasing Vladimir Putin, a lying, murderous dictator. Make that make sense.
    8. Canada initiated dispute proceedings yesterday against the US at the WTO on the additional tariffs.
    9. This is a time to hit back hard and to demonstrate that a fight with Canada will have no winners.
    10. Even though you're a very smart guy, this is a very dumb thing to do.
    11. The moment US tariffs came into effect this morning, so did the Canadian response. Canada will be implementing 25% tariffs against $155 billion of American products. Starting with $30 billion worth of goods immediately, and the remaining $125 billion in 21 days' time.
    1. The stock market will go downhill faster than the American bobsled team.
    1. Please explain to Governor Trudeau, of Canada, that when he puts on a Retaliatory Tariff on the US, our Reciprocal Tariff will immediately increase by a like amount!
    1. I think he's going to figure out, you do more and I'll meet you in the middle in some way.
    1. We estimate the tariffs could lead to a nearly $1,000 per household increase annually in the cost of goods.