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

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.