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Investing.com -- Canada has begun implementing 25% tariffs on C$155 billion worth of US goods, according to Prime Minister Justin Trudeau. The initial phase of this move, affecting C$30 billion worth of U.S. imports, has taken immediate effect. The remaining tariffs are set to be imposed in 21 days.
This announcement came just hours after U.S. President Donald Trump imposed a 25% tariff on imports from both Mexico and Canada. In response, Canada has declared its intention to file a dispute with the World Trade Organization (WTO) and through the United States-Mexico-Canada Agreement (USMCA).
The Canadian government has stated that these tariffs will remain in place until the U.S. ceases its own tariffs. Additionally, Canadian provinces are expected to pursue non-tariff measures.
Prime Minister Trudeau expressed his government’s reluctance to resort to such measures, stating, "We don’t want this. We want to work with you as a friend and ally." Despite this sentiment, the Canadian government has proceeded with the tariffs in response to the actions taken by the U.S. administration.
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