Trudeau Warns of Tariffs Impact on US Economy

Canadian Prime Minister Justin Trudeau has warned that President-elect Donald Trump's proposed tariffs on Canadian goods would lead to increased prices for American consumers and negatively impact U.S. businesses. Trump plans to impose a 25% tariff on imports from Canada and Mexico, linking it to his concerns about drug trafficking and illegal migration. Trudeau emphasized that these tariffs would not only harm Canadians but also counteract Trump's campaign promise to lower grocery prices, potentially disrupting the North American trade pact. Trudeau's comments come as Canada prepares for possible retaliatory measures similar to those from 2018. Additionally, U.S. business groups are concerned that the tariffs could escalate inflation and disrupt key industries. The implications of Trump's tariff threats highlight the complex economic interdependence between the U.S. and Canada.