Canadian Prime Minister Justin Trudeau traveled to Florida to meet with President-elect Donald Trump following Trump’s recent threat to impose a 25% tariff on Canadian goods. The two leaders had a dinner meeting where they discussed challenges they can work on together, despite the tariff issue not being explicitly mentioned. Earlier, Trump had announced on social media that he would impose tariffs on Mexico and Canada until the issues of drugs and illegal immigration are addressed.
President Joe Biden criticized Trump’s tariff plan as counterproductive, as Mexico and Canada are significant trade partners of the U.S., accounting for nearly 30% of trade volumes. Canada sends 75% of its exports to the U.S., with various industries such as vehicles, dairy, paper products, and building supplies potentially affected by the tariffs. While Trump has previously promised to impose tariffs on countries like China, some economists have raised concerns that such measures would lead to increased costs for consumers.
Overall, Trudeau and Trump had a positive conversation during their meeting, despite the looming threat of tariffs on Canadian goods. The outcome of the discussions and the potential impact of such tariffs on trade relations between the U.S. and Canada remain uncertain.
Photo credit
www.nbcnews.com
