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Canada Will Retaliate With 25% Tariffs

Canada Will Retaliate With 25% Tariffs

Prime Minister Justin Trudeau said that Canada will respond to Trump's tariffs with 25% tariffs on $155 billion of U.S. goods. Read the transcript here.

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Justin Trudeau (00:00):

Today the United States informed us they will be imposing 25% tariffs on Canadian exports to the United States and 10% on Canadian energy, a decision that should they elect to proceed with should take effect on Tuesday, February 4th. [French 00:00:23].

Translator (00:23):

A relationship that has been the source of prosperity, wealth, and opportunities on both sides of the border.

Justin Trudeau (00:36):

Tonight first, I want to speak directly to Americans, our closest friends and neighbors. This is a choice that yes will harm Canadians, but beyond that, it will have real consequences for you, the American people. As I have consistently said, tariffs against Canada will put your jobs at risk, potentially shutting down American auto assembly plants, and other manufacturing facilities. They will raise costs for you, including food at the grocery stores and gas at the pump. They will impede your access to an affordable supply of vital goods, crucial for US security such as nickel, potash, uranium, steel, and aluminum. They will violate the free trade agreement that the President and I, along with our Mexican partner, negotiated and signed a few years ago. But it doesn't have to be this way.

(01:45)
As President John F. Kennedy said many years ago, "Geography has made us neighbors. History has made us friends, economics has made us partners, and necessity has made us allies." That rang true for many decades prior to President Kennedy's time in office and in the decades since. From the beaches of Normandy to the mountains of the Korean Peninsula, from the fields of Flanders to the streets of Kandahar, we have fought and died alongside you. During your darkest hours, during the Iranian hostage crisis, those 444 days, we worked around the clock from our embassy to get your innocent compatriots home. During the summer of 2005, when Hurricane Katrina ravaged your great city of New Orleans, or mere weeks ago, when we sent water bombers to tackle the wildfires in California. During the day the world stood still, September 11th, 2001, when we provided refuge to stranded passengers and planes, we were always there standing with you, grieving with you, the American people.

(03:18)
Together, we've built the most successful economic, military, and security partnership the world has ever seen, a relationship that has been the envy of the world. Yes, we've had our differences in the past, but we've always found a way to get past them. As I've said before, if President Trump wants to usher in a new golden age for the United States, the better path is to partner with Canada, not to punish us. Canada has critical minerals, reliable and affordable energy, stable democratic institutions, shared values and the natural resources you need. Canada has the ingredients necessary to build a booming and secure partnership for the North American economy, and we stand at the ready to work together.

(04:22)
Let's take a moment to talk about our shared border. Our border is already safe and secure, but there's always more work to do. Less than 1% of fentanyl, less than 1% of illegal crossings into the United States come from Canada. But hearing concerns from both Canadians and Americans, including the American President himself, we're taking action. We launched a 1.3 billion border plan that is already showing results because we too are devastated by the scourge that is fentanyl, a drug that has torn apart communities and caused so much pain and torment for countless families across Canada, just like in the United States, a drug that we too want to see wiped from the face of this earth, a drug whose traffickers must be punished. As neighbors, we must work collaboratively to fix this. Unfortunately, the actions taken today by the White House split us apart instead of bringing us together.

(05:43)
Tonight, I am announcing Canada will be responding to the US trade action with 25% tariffs against $155 billion worth of American goods. This will include immediate tariffs on $30 billion worth of goods as of Tuesday, followed by further tariffs on $125 billion worth of American products in 21 days time to allow Canadian companies and supply chains to seek to find alternatives. [French 00:06:23].

Translator (06:22):

This evening, I am announcing Canada's response. I am announcing 25% tariffs on $155 billion of US goods. As of Tuesday, $30 billion worth of US products will be affected, and in 21 days to allow Canadian companies the opportunity to find alternatives, this will be the case for $125 billion worth of products.

Justin Trudeau (06:52):

Like the American tariffs, our response will also be far-reaching and include everyday items such as American beer, wine, and bourbon, fruits and fruit juices, including orange juice along with vegetables, perfume, clothing, and shoes. It'll include major consumer products like household appliances, furniture and sports equipment and materials like lumber and plastics, along with much, much more. And as part of our response, we are considering with the provinces and territories, several non-tariff measures, including some relating to critical minerals, energy procurement, and other partnerships. We will stand strong for Canada. We will stand strong to ensure our countries continue to be the best neighbors in the world. With all that said, I also want to speak directly to Canadians in this moment. I'm sure many of you are anxious, but I want you to know we are all in this together. The Canadian government, Canadian businesses, Canadian organized labor, Canadian civil society, Canada's Premiers and tens of millions of Canadians from coast to coast to coast are aligned and united. This is Team Canada at its best. [French 00:08:31].

Translator (08:32):

Earlier today I spoke with premiers from all provinces and territories. We are united. They've all supported our approach. We're also aligned to reduce internal trade, the barriers, and to make it easier for consumers to choose Canada and Canada products. A few moments ago I spoke with Mrs. Sheinbaum, the President of Mexico, our other North American partner, and this country was also the subject of 25% tariffs today. We're working together to face these tariffs. This threat is targeting the entire country, and I am heartened to see all our leaders answer the call and to be so committed to make sure that no Canadians are left behind. Our government will be there for Canadians. We will be there for you.

(09:36)
At the same time, I do have something to ask of you. I would ask you to remain united. Many of us will be deeply affected. A lot of people will go through dark times. I'm asking you to support one another, to be there for your friends, your neighbors and your fellow Canadians. From sea to sea, Canadians are different. We speak different languages, we have different beliefs and opinions, we have different ideas, but when we remain united, we are stronger.

Justin Trudeau (10:17):

Now is also the time to choose Canada. There are many ways for you to do your part. It might mean checking the labels at the supermarket and picking Canadian-made products. It might mean opting for Canadian rye over Kentucky bourbon or forgoing Florida orange juice altogether. It might mean changing your summer vacation plans to stay here in Canada and explore the many national and provincial parks, historical sites and tourist destinations our great country has to offer. [French 00:10:55].

Translator (10:56):

It's time to choose Canadian products and to support Canadian businesses, to support our farmers, our producers, our workers, our business owners, our artists.

Justin Trudeau (11:08):

It might mean doing all of these things or finding your own way to stand up for Canada. In this moment, we must pull together because we love this country. We pride ourselves on braving the cold during the long winter months. We don't like to beat our chests, but we're always out there waving the maple leaf loudly and proudly to celebrate an Olympic gold medal. [French 00:11:41].

Translator (11:41):

We have a distinct identity, we have our own history and our values. Canadians are welcoming, open, innovative, and ambitious. We prefer to solve our differences with diplomacy, but we're prepared to fight if it's required.

Justin Trudeau (12:00):

Canada is home to bountiful resources, breathtaking beauty, and a proud people who've come from every corner of the globe to forge a nation with a unique identity worth embracing and celebrating. We don't pretend to be perfect, but Canada is the best country on earth and there's nowhere else that I and our 41 million strong family would rather be, and we will get through this challenge just as we've done countless times before together. Thank you. [French 00:12:42].

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