Author: Unknown
Published on: 24/01/2025 | 00:21:39
AI Summary:
Trudeau: Americans will pay more whenever President Donald Trump decides to apply sweeping tariffs on Canadian products. Trump told reporters in the Oval Office Thursday that he still plans to tariff Canada and Mexico at 25% rates starting as soon as Feb. 1. By targeting America’s second largest trading partner after Mexico, Trump risks upending the markets for autos and lumber. Canada is looking at putting retaliatory tariffs on American orange juice, toilets and some steel products. When Trump imposed higher tariffs during his first term in office, Canada announced billions of dollars in new duties in 2018. Nearly $3.6 billion Canadian dollars ($2.7 billion) worth of goods and services cross the border each day.
Original: 592 words
Summary: 121 words
Percent reduction: 79.56%
No shit.