Trudeau warns Trump tariffs could raise prices for Americans

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 imports from Canada and Mexico. Trudeau emphasized that these tariffs could disrupt the recently renegotiated North American trade agreement. He noted that while Trump cites concerns over illegal migration and drug trafficking, the actual numbers at the Canadian border are significantly lower than those at the southern border. In response to Trump's threats, Canada is considering potential retaliatory tariffs. U.S. business groups have expressed concerns about rising inflation if such tariffs are implemented, as Canada is a major trading partner for the U.S.