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CANADA: Trudeau-Canada Will Respond In Kind To US Tariffs

CANADA
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Speaking to reporters at a cabinet retreat in Quebec (live stream), outgoing PM Justin Trudeau says that the 'golden age of the United States' referred to by President Donald Trump in his inaugural address "will require Canadian resources". Says that his gov't "has already acted to address Trump's concerns on border security". 

  • After Trump said that 25% tariffs on Canada (and Mexico) could come on 1 Feb, Trudeau says that "Canada will respond in kind if tariffs are imposed". Says that Trump "is a skilled negotiator [who] will do what he can to keep negotiating partners a bit off balance."
  • Trudeau: 'I support the principle of dollar for dollar matching tariffs."
  • Trudeau: 'We know there will be uncertainty and rhetoric' from Trump admin. Says 'We will stay steady on defending the economic relationship between the US and Canada'.
  • It remains to be seen whether the Trump administration will interact with the Trudeau gov't on a regular basis. Given that Trudeau is set to leave office in March, the Trump admin may be more inclined to seek negotiations with the incoming Liberal leader (whoever that might be) taking over as PM, or even wait until a general election that could come as soon as the spring. 
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Speaking to reporters at a cabinet retreat in Quebec (live stream), outgoing PM Justin Trudeau says that the 'golden age of the United States' referred to by President Donald Trump in his inaugural address "will require Canadian resources". Says that his gov't "has already acted to address Trump's concerns on border security". 

  • After Trump said that 25% tariffs on Canada (and Mexico) could come on 1 Feb, Trudeau says that "Canada will respond in kind if tariffs are imposed". Says that Trump "is a skilled negotiator [who] will do what he can to keep negotiating partners a bit off balance."
  • Trudeau: 'I support the principle of dollar for dollar matching tariffs."
  • Trudeau: 'We know there will be uncertainty and rhetoric' from Trump admin. Says 'We will stay steady on defending the economic relationship between the US and Canada'.
  • It remains to be seen whether the Trump administration will interact with the Trudeau gov't on a regular basis. Given that Trudeau is set to leave office in March, the Trump admin may be more inclined to seek negotiations with the incoming Liberal leader (whoever that might be) taking over as PM, or even wait until a general election that could come as soon as the spring.