Canada By
Alessia Simona Maratta
World News5: 17
Effects of tariffs on small firms
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The first round of and Canada’s counter-tariffs will be announced by Quebec’s leading François Legault on Tuesday, launching a trade conflict between the long-standing North American friends. According to Legault, Quebec’s 160 000 work could be lost if the steep 25 % tariffs are kept. Saguenay, Trois-Rivières, and Drummondville are the provinces in Quebec that are most vulnerable, according to the American Chamber of Commerce. Legault has stated that the province will launch a fund to support local businesses and is urging businesses looking to expand to apply for funding through Investissement Québec. At 1 p.m. in Montreal, the top is scheduled to declare his response. At a press event in Ottawa, Prime Minister Justin Trudeau criticized the taxes imposed by U.S. President Donald Trump as a “very stupid thing to do.” Today, extending
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” Canada does not allow this unwarranted decision to go unaddressed,” Trudeau said in a statement released on Monday night, hours before the U.S. deadline. Canada responded by imposing an initial 25 % tariff on$ 30 billion worth of American goods, followed by additional tariffs on$ 125 billion of additional American goods three weeks later. More to arrive soon. –using The Canadian Press records
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