Canada's Trudeau says US tariffs will have devastating consequences for both nations: Video

Canada's Prime Minister Justin Trudeau speaks at the Laurier Club holiday party in Gatineau
FILE PHOTO: Canada's Prime Minister Justin Trudeau speaks at the Laurier Club holiday party in Gatineau, Quebec, Canada, December 16, 2024. REUTERS/Patrick Doyle/File Photo
Source: REUTERS

Canadian Prime Minister Justin Trudeau has warned that US tariffs will have a detrimental impact on both Canada and the United States. According to a recent analysis, a 25% tariff on US imports could shrink Canada's GDP by 2.6% and the US GDP by 1.6%. This would not only hurt businesses but also increase costs for consumers, making American production less competitive internationally.

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