Canadian PM Trudeau says has counter-tariffs ready If Trump launches a trade war
Canadian Prime Minister Justin Trudeau said on Sunday that Canada is ready to respond with counter-tariffs against the United States if President-elect Donald Trump follows through on his threat to start a trade war in North America, per Bloomberg.
Key quotes
“As we did last time, we are ready to respond with tariffs as necessary.”
“We are the number one export partner of about 35 different US states and anything that thickens the border between us ends up costing American citizens and American jobs.”
“Less than 1% of the illegal migrants, less than 1% of the fentanyl that comes into the United States, comes from Canada. So we’re not a problem,”
“We’ve actually responded to his request for us to do more with billions of dollars worth of investments to even further strengthen the security of our borders.”
Market reaction
The USD/CAD pair is trading 0.08% lower on the day at 1.4418, as of writing.
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