12 sources·Business

Trump's Proposed Tariffs Prompt Canadian PM Trudeau to Meet with President-elect

Prime Minister Justin Trudeau meets Trump after tariff threats, discussing trade, drugs, and security at a dinner at Mar-a-Lago.

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Updated: Nov 30th, 2024, 9:38 AM ET

Summary

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Following President-elect Trump's threat to impose a 25% tariff on imports from Canada and Mexico, Prime Minister Justin Trudeau flew to Florida for a dinner meeting with Trump. The discussion covered tariffs, border security, and shared regional challenges. Both Trudeau and Mexican President Claudia Sheinbaum expressed hope to avoid a tariff war. Analysts predict that such tariffs could raise consumer prices and initiate retaliatory measures, intensifying the economic impact on both nations. Canadian officials are preparing potential responses to protect their economy, which relies heavily on trade with the U.S.

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