Canadian Prime Minister Justin Trudeau is standing firm on not lifting Canada’s retaliatory tariffs on the United States if President Donald Trump maintains any tariffs on Canada, according to a senior government official. Trudeau’s stance was confirmed anonymously, emphasizing the importance of removing all tariffs rather than settling for reduced rates. The decision comes in response to Trump’s recent imposition of tariffs on Mexico, Canada, and China, sparking immediate retaliation and market turbulence.
US Commerce Secretary Howard Lutnick hinted at potential exceptions to the tariffs, signaling a possible shift in the American position following market concerns. Lutnick mentioned the consideration of exempting sectors like automobiles from import taxes. Trump plans to unveil reciprocal tariffs on April 2 to match other countries’ tariffs, with the potential for broader tariff increases globally.
Ontario Premier Doug Ford warned of job losses in the auto industry if tariffs remain, highlighting the urgency of resolving the issue. Analysts noted Trudeau’s assertive stance resonating with Canadians, while trade adviser Peter Navarro suggested toning down the rhetoric for smoother negotiations. The situation reflects the delicate balance between standing up to economic pressure and avoiding further escalation in trade disputes. Overall, the article underscores the complexities and implications of the ongoing trade tensions between Canada and the United States.
