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](https://gsw.codexcdn.net/assets/asTOLBjFu75qi6REl.jpg?g=no&width=1280&height=720&quality=75&r=fill)
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.