On March 3, the office of the Canadian Prime Minister said in a statement that Canada would impose a 25% tariff on C $30 billion worth of U.S. imports from March 4 if the U.S. tariffs take effect.
Chorley, the Canadian Minister of Foreign Affairs of Canada, said earlier in the day that the country was ready for a series of retaliatory measures that could be taken immediately. Chorley said his country had already announced it was prepared to impose retaliatory tariffs on c $155bn worth of US goods. The first round of retaliatory tariffs will cover c $30bn worth of US products.
On March 3, President Donald Trump said reciprocal tariffs would begin on April 2 and a 25 percent tariff on Mexican and Canadian goods would take effect on March 4. Donald Trump said there was no room for agreement on Mexican and Canadian tariffs.
Donald Trump signed an executive order on February 1st imposing a 25% tariff on Mexican and Canadian imports, including a 10% tariff on Canadian energy products. On February 3, Donald Trump announced a 30-day moratorium on tariffs and resumed negotiations. On February 27, Donald Trump said the Mexican and Canadian tariffs would still take effect on March 4. On the same day, Canadian Prime Minister Trudo said his country did not want a trade war with the United States, but that if the United States imposed tariffs on Canadian goods on March 4, canada“Will respond very strongly and immediately”.