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Canada strikes back with retaliatory tariffs as fears grow that Trump's trade war will causes prices to rocket

Canada will retaliate against President Donald Trump's new tariffs with 25% levies on a raft of U.S. imports, Prime Minister Justin Trudeau said on Saturday.



The main concept of the article is the escalating trade war between the United States and its allies, Canada and Mexico. In response to President Trump's tariffs on Canadian and Mexican imports, Prime Minister Justin Trudeau announced retaliatory tariffs on a wide range of U.S. goods, escalating tensions and raising concerns about the potential economic fallout, including job losses, disrupted supply chains, and rising prices for consumers. The article highlights the significant economic impact of this trade war, with the potential to disrupt trillions of dollars in annual trade.

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