18 sources·Politics

Trudeau Urges Trump to Reconsider Tariffs Amid Growing Concerns from Canadian Businesses

Prime Minister Trudeau presses President-elect Trump on proposed tariffs, highlighting potential repercussions for both economies amidst rising concerns from small businesses.

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Updated: Dec 3rd, 2024, 2:34 PM ET

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During a meeting at Mar-a-Lago, Canadian Prime Minister Justin Trudeau urged President-elect Donald Trump to reconsider his proposed 25% tariffs on Canadian imports, warning of economic fallout for both nations. Trudeau highlighted negative impacts on U.S. consumers and inflation, as Canadian businesses brace for rising costs. Trump's administration aims to implement the tariffs as early as January, prompting small businesses to prepare for increased expenses. While the discussions were deemed productive, no concrete assurances were reached, intensifying uncertainties and potential retaliatory measures in Canada.

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