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.免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。