Canadian Foreign Minister Melanie Joly vows retaliatory measures if Trump enforces a 25% tariff on Canadian imports, signaling a potential economic showdown.
January 18, 2025: Ottawa: Canada has issued a stern warning to the United States, cautioning against what it calls “the biggest trade war in decades,” as U.S. President-elect Donald Trump prepares to re-enter the White House with plans to impose a 25% tariff on Canadian imports.
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Canadian Foreign Minister Melanie Joly, speaking at a press conference in Washington on Friday, pledged a “hard-hitting response” should the proposed tariffs be implemented. “The Americans would be starting a trade war against us. We are ready to put maximum pressure,” she said, emphasizing that Canada has several retaliatory measures ready to protect its economy and citizens.
According to Joly, the proposed tariffs could significantly impact Canadian consumers and jobs, while also raising costs for American households and jeopardizing jobs in the U.S. as well.
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A government source revealed that Ottawa is considering imposing higher duties on U.S. goods such as steel products, ceramics, glassware, and orange juice in the initial phase of its response. These measures could escalate if necessary.
Outgoing Canadian Prime Minister Justin Trudeau echoed Joly’s concerns, stating, “The proposed tariffs would put American jobs at risk, raise prices for American consumers, and jeopardize our collective security.”
Economic analysts warn that a trade war could have devastating effects on Canada’s economy. A Scotiabank report predicts a potential 5% drop in GDP, significant job losses, and soaring inflation.
Trump’s economic and foreign policy agenda also targets other trade partners, including Mexico and China, further adding to global trade tensions.
Despite the impending challenges, Joly reaffirmed Canada’s commitment to defending its national interests. “We will be strong and unequivocal in our defense of Canada and Canadians,” she said.
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Canada-US trade war, Trump tariffs, Melanie Joly, Justin Trudeau, US-Canada relations, trade tensions, economic policy, tariffs on Canadian imports, Scotiabank GDP analysis, global trade wars
