Canada has a number of measures ranging from retaliatory tariffs to limiting energy supplies to cope with tax pressure from President Trump. After many threats from President Donald Trump, Canadian Prime Minister Justin Trudeau announced on January 31 that the country does not want a tariff war with the US, but "if he decides to do it, we will also act". However, this threat did not stop Mr. Trump a day later from announcing a 25% tax on imports from Canada, except for energy products subject to a 10% tax. Tariffs are seen as a key part of Mr. Trump's economic vision. The US President sees this as a way to develop the domestic economy, protect jobs for people and increase tax revenue, so he is willing to launch tax blows with even close allies like Canada.
How Canada can fend off tax pressure from Mr. Trump
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- Written by: VietPublic
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