Trudeau warns Trump tariffs could raise prices for American consumers

Canadian Prime Minister Justin Trudeau warned that President-elect Donald Trump's proposed tariffs on Canadian goods would increase prices for American consumers and harm U.S. businesses. Trump has threatened a 25% tax on Canadian products, citing concerns over drugs and migration. Trudeau emphasized that these tariffs could disrupt the recently renegotiated North American trade agreement. He noted that Canada is prepared to respond with its own tariffs if necessary, although no specific decisions have been made yet. U.S. business groups and House Democrats have expressed concerns that such tariffs would lead to higher prices for various goods. Canada is a major trading partner for the U.S., with significant daily trade in goods and services.