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Canadian Economy and Markets

Trump starts trade war as he slaps steep tariffs on imports from Canada & Mexico – but insists it’s ‘worth the price’ [Video]

DONALD Trump has started a trade war after he slapped steep tariffs on imports from Canada and Mexico.

The newly-inaugurated president believes the taxes are “worth the price” to stopping the manufacture and import of the deadly drug fentanyl and ending the “RIPOFF OF AMERICA”.

Justin Trudeau slapped tariffs on key US goods in responseCredit: AP
Donald Trump has slapped 25 per cent tariffs on Mexico and CanadaCredit: AFP
Mexico has struck back saying Trump should deal with America’s drug problemCredit: Zuma Press

But prices of fruit like avocados and tomatoes and manufactured products like cars or computers are set to be more expensive for Americans.

A trade showdown could cost families $1,000 (USD) and slow down general growth if prices spike – but the Republican appears ready to risk it with the taxes kicking in Tuesday.

Trump slammed those opposing the tariffs saying the US was no longer going to be the “stupid …

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