The panelists “The Bottom Line” Lee Carter and Liz Peek give their opinion on President Donald Trump confirming the 25%prices.
Canadian Prime Minister Justin Trudeau announced 25% prices on American products in response to President Donald Trump’s prices, who come into force on Canadian imports at midnight on Tuesday.
Canada reprisal rates impose $ 155 billion in American products comes into force Tuesday at 12:01 p.m.
Trump has signed an executive decree authorizing an additional 25% rate imports from Canada And Mexico, and an additional 10% price on Chinese imports. Energy imported from Canada, including oil, natural gas and electricity, would be taxed for an additional 10%.
China has since imposed prices on American products and Mexico has promised reprisals.
Trump’s prices on Mexico, Canada, China is a few hours away at midnight
US President Donald Trump and Canadian Prime Minister Justin Trudeau attended the Grove hotel on December 4, 2019 in Watford, England. (Dan Kitwood / Getty Images / Getty Images)
THE Trump administration Acrantops last month at a delay of 30 days in the taxation of 25% prices on Canadian and Mexican goods. Officials from the two countries have been negotiating with the Trump administration in recent weeks, but there has been no agreement to reduce prices.
Trudeau said on Monday “there is no justification for these actions”, stressing the argument of the White House that the flow of drugs, including fentanyl, in the United States, justified the prices on Canada, Mexico and China, although the quantity of fentanyl of the North border is very low.
“While less than 1% of fentanyl intercepted on the American border comes from Canada, we have worked tirelessly to approach this scourge that affects Canadians and Americans,” Trudeau said in a statement. “We have implemented a border plan of $ 1.3 billion with new helicopters, boots in the field, more coordination and an increase in resources to stop the flow of fentanyl.”
What’s going on with Trump’s prices on China, Canada and Mexico?
Justin Trudeau, Prime Minister of Canada, speaks to the National Caucus Holiday Party in Ottawa, Ontario, Canada, Tuesday, December 17, 2024. (Kamara Morozuk / Bloomberg via Getty Images / Getty Images)
“We named a fentanyl tsar, The transnational criminal cartels listed as terrorist organizations launched the joint operational intelligence cell and establishes a joint strike force of Canada-US in organized crime, “he continued.” Due to this work – in partnership with the United States – Fentanyl Sprenures of Canada dropped by 97% between December 2024 and January 2025 to a lower in Canada of 0.03 pounds seized by American personalities and American personalities. “”
Trudeau said Canada “would not let this unjustified decision remain unanswered” and announced that the prices on American products come into force at 12:01 pm if the Trump prices come into force at midnight as promised.
Canada said it would start with prices over $ 30 billion in American products, followed by 125 billion dollars in American products in 21 days.
US President Donald Trump talks to journalists from the White House Oval Office on February 3, 2025 in Washington, DC (Anna Moneymaker / Getty Images / Getty Images)
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“Our prices will remain in place until the American commercial action is withdrawn and if the American prices will not stop, we are in active and in progress discussions with the provinces and the territories to continue several non -tariff measures,” said the Prime Minister. “While we urge the American administration to reconsider their prices, Canada remains firm to defend our economy, our jobs, our workers and for a fair agreement.”
Trudeau said Americans will pay more for grocery store, gas and cars, and could lose thousands of jobs Following Trump’s prices.
“The prices will disrupt an incredibly successful commercial relationship,” he said. “They will violate the trade agreement itself which was negotiated by President Trump during his last mandate.”
