On Saturday, U.S. President Donald Trump followed through on his threat to slap 25 percent tariffs on almost all Canada’s products and services going into the U.S. He carved out a 10 percent tariff on Canadian petroleum headed south of the border.
Prime Minister Justin Trudeau announced yesterday 25 percent retaliatory tariffs, effective after tomorrow, on approximately $30 billion of American imports into this country. Roughly $125 billion worth of U.S. imports will similarly be tariffed on Feb. 25, Trudeau said.
(Industry reaction to the tariffs was distributed to Hardlines Premium members this morning in our subscriber-only Hardlines Weekly Report. To subscribe to this e-newsletter, please click here.)
