As United States President Donald Trump declined to back down from imposing high tariffs on its neighbouring nations, Canada has announced that it will impose retaliatory tariffs on US goods worth $107 billion (155 billion Canadian dollars) from Tuesday.
Outgoing Canadian Prime Minister Justin Trudeau, in an attempt to avert the high tariffs of the United States, said that the country would impose 25 per cent tariffs on US goods worth 30 billion Canadian dollars from Tuesday if the Trump administration goes through with its plan, reported news agency Reuters.
The rest of the retaliatory tariffs on US goods worth 125 billion Canadian dollars will be slapped within 21 days, Trudeau said.
“Our tariffs will remain in place until the US trade action is withdrawn, and should US tariffs not cease, we are in active and ongoing discussions with provinces and territories to pursue several non-tariff measures,” Reuters quoted Trudeau as saying.