Canada's Prime Minister Justin Trudeau announced on Monday evening that retaliatory tariffs on the United States would go into effect at 12:01 a.m. (0501 GMT) on Tuesday in response to U.S. tariffs.
In a statement, Trudeau addressed the U.S. President Donald Trump's decision to impose tariffs on Canadian and Mexican goods, along with 10% duties on Canadian energy products after a one-month reprieve expiration.
The retaliation encompasses tariffs on C$30 billion ($20.80 billion) worth of U.S. imports, with the possibility of additional tariffs in the future. Specifics on impacted goods were not disclosed by Trudeau.
Regarding the retaliatory plan disclosed last month by Canada, it involves imposing immediate 25% tariffs on C$30 billion in U.S. goods. These tariffs will persist until the U.S. lifts its tariffs against Canada, with exemptions for goods already in transit.
The C$30 billion represents a portion of the overall retaliatory strategy targeting C$155 billion in U.S. imports, with the remaining C$125 billion slated to take effect following a 21-day consultation period.
The initial retaliatory tranche encompasses 1,256 products like orange juice, peanut butter, wine, spirits, beer, coffee, appliances, apparel, footwear, motorcycles, cosmetics, and pulp and paper.
Key products affected include cosmetics and body care valued at C$3.5 billion, appliances and household items at C$3.4 billion, pulp and paper at C$3 billion, plastic products at C$1.8 billion, among others.
Future retaliatory tariffs are under consideration, including products like passenger vehicles, trucks, electric vehicles, steel, aluminum products, fruits, vegetables, aerospace items, beef, pork, and dairy.
Trudeau also mentioned potential non-tariff retaliatory actions related to critical minerals, energy procurement, and other collaborations. Export tariffs on critical minerals are being considered as an option.
To mitigate the impact on Canadian workers and businesses, the government plans to establish relief request processes for current and upcoming tariff measures. ($1 = 1.4426 Canadian dollars)