Trump threatens 25% tariff on Canadian goods starting January 20

Donald Trump has threatened to impose a 25% tariff on all products from Canada and Mexico starting on his first day in office, January 20. This announcement has caused concern among Canadian politicians and economists, who warn of significant economic impacts. The U.S. is Canada's largest trading partner, with a large portion of Canada's economy dependent on exports to the U.S. Economists predict that the tariffs could lead to inflation and disrupt supply chains, affecting millions of Canadian jobs. In response, Prime Minister Justin Trudeau and provincial leaders are planning an emergency meeting to discuss the situation. They aim to develop a coordinated response to the potential tariffs and their implications for Canada’s economy.