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One of President-elect Donald Trump’s pronouncements post-election is imposing more tariffs on large U.S. trading partners. He said that after his inauguration on January 20, 2025, he will sign an Executive Order raising tariffs by 10% on China and 25% on Canada and Mexico.
Trump will bring back the America First trade agenda from his first presidency. He will use these tariffs as leverage in trade negotiations. The countries on his radar said they would retaliate with tariffs on U.S. products. On January 15, 2025, Canadian Prime Minister Justin Trudeau met with provincial leaders to discuss Trump’s threat.
Strong response
“None of us wants to see tariffs erode a successful partnership between Canada and the United States. But we will be ready with a strong, national response if we need one,” Trudeau said in a social media post. The outgoing prime minister did not give details but said the…
