The Canadian and Mexican governments have announced a retaliatory levy on the United States after President Donald Trump followed through on his threat to impose tariffs on both countries alongside China.

Canadian Prime Minister Justin Trudeau told journalists on Saturday that Canada would respond to the new US policy by levying 25 per cent on every US import.

He stated that he was imposing tariffs on US goods worth 155 billion Canadian dollars, which equals 106 US dollars. The tariff will take effect on Tuesday, same day the US tariff is expected to become effective.

Mr Trudeau said the coming weeks would be difficult for Canadians, but Americans would suffer from Trump’s actions.

Tariffs against Canada will put your jobs at risk, potentially shutting down American auto assembly plants and other manufacturing facilities,” Mr Trudeau said according to the BBC. “They will raise costs for you, including food at the grocery store and gas at the pump.”

https://www.premiumtimesng.com/news/top-news/771174-canada-mexico-announce-retaliatory-tariffs-on-us.html