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MNI BRIEF:Trudeau Sees Dollar-For-Dollar US Tariff Retaliation

USPolicy NewsCanadaBriefStoryNorth America

MNI (OTTAWA) - Canadian Prime Minister Justin Trudeau said Tuesday he is prepared for dollar-for-dollar retaliation if Donald Trump moves ahead with his intention to set a 25% tariff around Feb. 1, opening up the prospect of a trade war between two of the world's largest commercial partners.

“I support the principle of dollar-for-dollar matching tariffs,” Trudeau told reporters at a cabinet retreat. On Trump’s border security concerns, less than 1% of illegal fentanyl entering the U.S. comes from Canada, Trudeau said. On trade, dozens of U.S. states have Canada as their top export market, he said. (See: MNI INTERVIEW: Canada Already Chilled By Trump Tariff Threat)

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MNI (OTTAWA) - Canadian Prime Minister Justin Trudeau said Tuesday he is prepared for dollar-for-dollar retaliation if Donald Trump moves ahead with his intention to set a 25% tariff around Feb. 1, opening up the prospect of a trade war between two of the world's largest commercial partners.

“I support the principle of dollar-for-dollar matching tariffs,” Trudeau told reporters at a cabinet retreat. On Trump’s border security concerns, less than 1% of illegal fentanyl entering the U.S. comes from Canada, Trudeau said. On trade, dozens of U.S. states have Canada as their top export market, he said. (See: MNI INTERVIEW: Canada Already Chilled By Trump Tariff Threat)