Trump responds to Trudeau calling tariffs 'very dumb' as trade war ramps up
Published On Mar 4, 2025, 11:47 AM
Canadian Prime Minister Justin Trudeau criticized the new tariffs imposed by the Trump administration, labeling them as 'very dumb' and declared that Canada would not back down from a trade war. He announced retaliatory tariffs on $155 billion worth of American goods, starting with $30 billion immediately. Trump's response was to threaten reciprocal tariffs in return, indicating a significant escalation in the trade conflict between the two nations, which could have adverse effects on both economies.
Stock Forecasts
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The ongoing trade tensions between the United States and Canada could negatively impact companies that rely on cross-border trade and supply chains. Investors should be cautious about sectors like manufacturing and consumer goods that might see increased costs or restrictions due to tariffs.
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