March 04, 2025 at 04:11PM
Reiterates $30 billion in retaliatory tariffs immediately
Further $125 billion scheduled in 21 days
Will file challenges via USMCA and WTO
We are in discussions with provinces about non-tariff measures
We don’t want this trade war
Says US government has chose to put American jobs at risk
US has chosen to sabotage its own agenda
The legal pretext around fentanyl is ‘totally false’
Far less than 1% of fentanyl flows and 1% of illegal immigration comes from Canada
There was a 97% drop in fentanyl flows from December to January
We did everything we promised on fentanyl, we stuck to our word
Says to Trump: You’re a smart guy, this is a very dumb thing to do
Says to Canadians ‘this is going to be tough’ says will offer more supports
It’s not very clear what Trump wants
Our focus is to make sure that these tariffs don’t last a second longer than necessary
There is nothing surprising here but the tone doesn’t exactly sound like there is a deal to make.
More:
Trudeau says Trump’s fentanyl pretext for tariffs on Canada is “completely bogus, completely unjustified, completely false.” He said Trump appears to be seeking “a total collapse of the Canadian economy” to make it easier to annex the country.
This article was written by Adam Button at www.forexlive.com.