Prime Minister Justin Trudeau said Thursday that Canada will maintain tariffs on U.S. imports until President Donald Trump lifts duties on Canadian goods. Speaking at an event in Ottawa, Trudeau emphasized that Canada will not back down in response to what he called unjustified U.S. tariffs.
On Tuesday, Canada imposed 25% tariffs on $155 billion worth of U.S. goods, starting with $30 billion in immediate levies, with the remaining $125 billion set to follow later this month. The U.S. justified its tariffs on Canadian goods by citing fentanyl flows across the border.
Meanwhile, Trump announced a delay on tariffs for Mexican imports under the USMCA trade pact until April 2 and granted Ford (NYSE:F), General Motors (NYSE:GM), and Stellantis (NYSE:STLA) a one-month extension on potential auto tariffs. Shares of the three automakers fell Thursday after rallying the previous day.
This article first appeared on GuruFocus.免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。