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Canadian Economy and Markets

4 March 2025, 16:33 | Updated: 4 March 2025, 18:46

Prime Minister Justin Trudeau holds a news conference on imposed U.S. tariffs in Ottawa on Tuesday. Picture: Alamy

Canadian President Justin Trudeau has said ‘there are no winners in a trade war’ following Trump’s implementation of trade tariffs against Canada.

Speaking in a press conference on Tuesday, Trudeau accused the nation of “sabotaging their own agenda” amid what he claimed was “a golden age for the US”.

Rebutting Trump’s reasons for imposing tariffs – namely the US President’s claim that Canada was refusing to tackle the Canada to tackle the “scurge that is fentanyl” – Trudeau branded the claim “totally false”.

Trudeau announced Canada will hit the US with its own 25% tariffs on American goods to combat Trump’s plan.

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