President Donald Trump has announced a 25% tariff on imports from Canada and Mexico, effective February 1, 2025, arguing that “We don’t need anything they have.” The move aims to boost U.S. economic self-sufficiency but has triggered strong backlash.
Canada’s response: Prime Minister Justin Trudeau has vowed retaliatory tariffs on U.S. goods worth CAD 37–110 billion and is considering cutting energy exports to the U.S. as a last resort.
Economic impact: Experts warn of rising consumer prices and supply chain disruptions, fueling concerns over a potential trade war that could destabilize North American markets.
