Canadian PM Justin Trudeau: We would definitely respond if Trump does impose tariffs

FXStreetJan 10, 2025 1:06 AM

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Canadian Prime Minister Justin Trudeau said Thursday that he would definitely respond if Trump does impose tariffs.

Trudeau further stated that President-elect Donald Trump’s threat of slapping a 25% tariff on Canadian products would ultimately hurt American consumers and businesses. Canada, Mexico, and China are the US’s biggest trade partners.

Market reaction

The USD/CAD pair is trading 0.08% higher on the day at 1.4399, as of writing.

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