Canada promised to respond with retaliation rates if President Donald Trump slapped additional taxes on Canadian goods as part of an expected announcement of new tariffs sweeping Wednesday.
“We will respond to additional measures,” Canadian Prime Minister Mark Carney said Tuesday to journalists. “We will put retaliation measures if there are additional measures against Canada tomorrow.”
Last month, the Trump administration imposed 25% tariffs on some goods in Canada. Initially, the tariffs were applied to all Canadian goods, but a day later, Trump issued a size for the goods that complied with the United States-Canadá, or USMCA agreement, or a free trade agreement.
In response to US tariffs, Canada gave a 25% retaliation service on goods worth $ 30 billion and promised additional measures.
Liberal leader Mark Carney speaks during a campaign stop, on April 1, 2025, in Winnipeg, Canada.
Adrian Wyld/The Canadian Press through AP
Despite commercial turbulence on Tuesday, US actions recovered.
The industrial average Dow Jones increased 30 points, or 0.1%, while the S& P 500 rose 0.4%. The nasdaq heavy technological increased 0.8%.
Trump told journalists at the Oval office on Monday that he had decided for a course of action for the new Round of Rates that supplied in force on April 2, although he refused to offer details.
The additional tariffs of the United States could cause countermeasures of commercial partners, exacerbating global commercial tensions that exploded in response to an earlier set of tariffs issued by the Trump administration last month.
Europe has a “strong plan” to retaliate against Trump’s planned rates, said Tuesday in a speech Ursula Von Leyen, president of the European Commission, in a speech.
The president of the European Commission, Ursula von der Leyen, speaks as part of a plenary session in the European Parliament on April 1, 2025 in Strasbourg, east of France.
Frederick Florin/AFP through Getty Images
“We will address these negotiations from a position of strength. Europe has many cards, from commerce to technology to the size of our market,” Von said.
Days before, Trump told journalists during the weekend that his tariffs could affect “all countries.”
“Tariffs will be much more generous than those countries for us, which means that they will be more friendly than those countries for the United States of America,” he said.
This is a development story. Consult the updates again.
