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Canada Prepares Forceful Response as Trump Imposes 25% Tariffs Starting February 1

Canada's Prime Minister Trudeau warns of an immediate, forceful retaliation against US tariffs on February 1, affecting various sectors including energy and agriculture.

l 16%

c 59%

r 25%

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Overview

A summary of the key points of this story verified across multiple sources.

As President Trump prepares to impose 25% tariffs on Canadian imports beginning February 1, Prime Minister Justin Trudeau vowed a 'forceful' and 'immediate' response. Trudeau emphasized a carefully targeted retaliation, potentially affecting US goods and including options like dollar-for-dollar tariffs, affecting around $37 billion worth of products initially. Canada's economy could take a significant hit, while US consumers may face higher prices on essentials, including vehicles. The automotive sector, reliant on cross-border supply chains, is particularly anxious about the implications of these tariffs, which could add approximately $6,250 to the cost of average vehicles.

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List of items that could rise in price if Trump's tariffs begin

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List of items that could rise in price if Trump's tariffs begin

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Trump to impose tariffs on Canada and Mexico this weekend—But who pays?

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Businesses, shoppers brace for higher prices if tariffs on Mexico and Canada imports start Saturday

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Businesses, shoppers brace for higher prices if tariffs on Mexico and Canada imports start Saturday

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Trump promised to lower gas prices. His tariffs could have the opposite effect.

Business Insider·5M·

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Here's what Trump’s tariff threat looks like on the ground in China

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Here's what Trump’s tariff threat looks like on the ground in China

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CNBC·5M·

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Implemented or not, Trump's 25% tariff threat is challenging the auto industry

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From avocados to autos, Trump tariffs on Canada and Mexico could hit close to home

ABC News·5M·

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From avocados to autos, Trump tariffs on Canada and Mexico could hit close to home

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Associated Press·5M·

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Trump's potential tariffs on Canada and Mexico are a wildcard for prices and the US economy

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From avocados to autos, Trump tariffs on Canada and Mexico could hit close to home

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USA TODAY·5M·

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Trump says Canada and Mexico to be hit with 25% tariffs on Saturday

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CBS News·5M·

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Axios·5M·

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Trump says tariffs on Canada and Mexico coming Saturday, and he's deciding whether to tax their oil

Associated Press·5M·

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Trump says tariffs on Canada and Mexico coming Saturday, and he's deciding whether to tax their oil

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Trump's pro-growth, anti-trade positions are on a collision course

Reason·5M·

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Trump's pro-growth, anti-trade positions are on a collision course

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