Canada is preparing to impose retaliatory tariffs on the US after President Donald Trump signed an order on February 1, 2025, imposing steep import taxes on Canada, Mexico, and China. The move, fulfilling a key post-campaign promise, has sparked concerns over rising inflation and economic disruptions across North America. Canadian officials condemned the decision and vowed countermeasures to protect their economy. Businesses fear supply chain disruptions and increased costs, while trade relations between the nations grow tense. Mexico and China have also announced plans for retaliatory actions, escalating fears of a broader trade conflict in the coming months. Donald Trump Imposes 25% Tariffs on Canada, Mexico and 10% on China, Raising Prospect of Higher Costs for US Consumers.

Canada Set To Impose Retaliatory Tariffs on US

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