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00:51
Canada hits back at U.S. with its own tariffs
STORY: Canada hits back at U.S. with its own tariffs
SHOOTING TIME: Jan. 31, 2025
DATELINE: Feb. 2, 2025
LENGTH: 00:00:51
LOCATION: TORONTO, Canada
CATEGORY: ECONOMY
SHOTLIST:
1. Canadian Prime Minister Justin Trudeau delivering a speech
STORYLINE:
Canada announced retaliatory tariffs on U.S. imports late Saturday after U.S. President Donald Trump imposed 25-percent tariffs on most Canadian products.
Canada will levy 25-percent tariffs on 30 billion Canadian dollars (21 billion U.S. dollars) worth of American goods as of Tuesday, Canadian Prime Minister Justin Trudeau said after chairing the Cabinet meeting and hosting a virtual meeting with provincial and territorial premiers.
Trudeau said the tariffs would then be applied to another 125 billion Canadian dollars worth of goods in 21 days.
American beer, wine and spirits, along with vegetables, clothing, shoes and perfume, will be among the first items, as well as household appliances, furniture and sports equipment, he said.
Trudeau added that more non-tariff trade actions are still to be decided but could include restrictions on exporting critical minerals and energy products to the United States and a move to block American companies from bidding on government contracts.
Xinhua News Agency correspondents reporting from Toronto, Canada.
(XHTV)
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