BREAKING: Trudeau announces retaliatory tariffs on $155 billion worth of American goods in response to Trump order

Trudeau argued that the tariffs would inevitably raise the costs of goods for American consumers. He suggested that this course of action may not be the best economic option for the US, saying, “If President Trump wants to usher in a new ‘golden age’ for the United States, the better path is to partner with Canada, not to punish us.”

Trudeau also said the country is considering non-tariff measures, including “some relating to critical minerals, energy, procurement, and other partnerships.”

Trump’s executive order places a 25 percent tariff on all Canadian goods except for "energy resources," such as oil and gas, which will face a 10 percent tariff. The order also applies a 25 percent tariff on Mexican imports and a 10 percent levy on Chinese goods. These tariffs are set to take effect on Tuesday.

In anticipation of the tariffs, Canadian officials have considered imposing retaliatory measures. However, Trump’s order warns that if Canada, Mexico, or China were to "retaliate against the United States in response to this action through import duties on United States exports to Canada or similar measures, the President may increase or expand in scope the duties imposed under this order to ensure the efficacy of this action."

Trump has long promised to implement tariffs on foreign imports, particularly from Canada and Mexico, as part of his efforts to curb illegal immigration and drug trafficking across US borders. In a post on Truth Social, the president defended the tariffs, explaining that “This was done through the International Emergency Economic Powers Act (IEEPA) because of the major threat of illegal aliens and deadly drugs killing our Citizens, including fentanyl.”

“We need to protect Americans, and it is my duty as President to ensure the safety of all. I made a promise on my Campaign to stop the flood of illegal aliens and drugs from pouring across our Borders, and Americans overwhelmingly voted in favor of it,” Trump added.

Mexican President Claudia Sheinbaum has already ordered her country to retaliate with its own tariffs on American imports despite Trump’s warnings. Sheinbaum confirmed in a post on X that she instructed the Secretary of Economy to implement “tariff and non-tariff measures in defense of Mexico's interests.”

Sheinbaum added in her post, “If the United States government and its agencies wanted to address the serious consumption of fentanyl in their country, they could, for example, combat the sale of narcotics on the streets of their main cities, which they do not do, and the money laundering generated by this illegal activity that has done so much harm to their population.”