Canadian Prime Minister Justin Trudeau said on Wednesday that the recent comments from US President-elect Donald Trump about potentially annexing Canada are a diversion tactic aimed at shifting attention from the consequences of his proposed tariffs.
In an interview with CNN, Trudeau expressed his concerns over Trump’s plan to impose a 25% tariff on all Canadian imports, warning that such a move would significantly raise costs for American consumers. “If these tariffs are implemented, everything Americans purchase from Canada will become substantially more expensive,” Trudeau emphasized.
This comes at a time when Canada and the US have been engaging in a tussle over their trade policies. Trump’s statements and suggestions on tariffs have drawn much flak, and the economic consequences that may come from this situation are being widely debated.