Trudeau Responds to Trump: Canada Will Not Back Down in Trade War and Calls Tariffs "Very Dumb"
Canadian Prime Minister Justin Trudeau has stated that his country will not back down in the trade war with the United States, despite Washington imposing tariffs on steel and aluminum. In a recent interview, Trudeau emphasized that Canada is shocked by the actions of the U.S. authorities, which he believes threaten free trade and economic ties between the countries. He described the introduction of import duties as "very dumb" and short-sighted steps that could damage both economies.
As Trudeau pointed out, the Canadian government will always protect the interests of its citizens and the local economy, and if that means standing up to the U.S., then Canada is prepared for that. The Prime Minister stressed that cooperation with American partners remains important, but at the same time, Canada will not tolerate unfair trade practices.
Some analysts have already expressed concerns that a prolonged trade war could lead to negative consequences for both Canada and the U.S., particularly in terms of economic performance and deteriorating relations. Naiza Amano, an economist at the Municipal Lab, believes that service economy users, such as small businesses, may face real difficulties in the face of high tariffs.
Furthermore, Trudeau hinted that if the U.S. does not reconsider its tariffs, Canada may respond with countermeasures, which will only heighten tensions in bilateral relations. Canada is ready to work with allies to create a united front against U.S. financial policy. In conclusion, Trudeau placed hopes on a future where both countries can resolve their differences through dialogue and cooperation, despite the current issues.
