In a historic speech, Canadian Prime Minister Justin Trudeau has strongly condemned Donald Trump’s new 25% tariffs on Canada and Mexico, calling them economically reckless and geopolitically dangerous.
“The United States launched a trade war against Canada, their closest partner and ally, their closest friend. At the same time, they’re talking about working positively with Russia, appeasing Vladimir Putin, a lying murderous dictator,” Trudeau stated.
“Make that make sense.”
Markets in Free Fall as Trade War Escalates
As Trump’s tariffs took effect, financial markets continued their downward spiral:
- The Dow Jones Industrial Average plunged another 662 points after Monday’s 650-point drop.
- The S&P 500 fell 1.3%.
- The Nasdaq Composite dropped 0.9%.
Economists had repeatedly warned that a trade war would lead to economic turmoil, and those fears are now being realized.
Canada Fights Back with Retaliatory Tariffs
Trudeau made it clear that Canada will not back down and announced strong countermeasures:
- Immediate 25% tariffs on $30 billion worth of U.S. goods
- Additional tariffs on $125 billion worth of American products in 21 days
- Potential non-tariff measures in coordination with provinces and territories
“Canadians are reasonable and we are polite,” Trudeau said. “But we will not back down from a fight, not when our country and the well-being of everyone in it is at stake.”
“Your Government Did This to You” – Trudeau Addresses Americans
Speaking directly to the American people, Trudeau explained the true cost of Trump’s trade war:
“We don’t want this. We want to work with you as a friend and ally. But your government has chosen to do this to you.”
He then laid out the devastating impact of the tariffs:
- Rising inflation on essential goods like groceries and gas
- Higher costs for cars, homes, and everyday products
- Threats to American jobs that depend on trade with Canada
- Increased national security risks due to restricted access to Canadian resources like critical minerals, energy, and building materials
Trudeau Confronts Trump: “This is a Very Dumb Thing to Do”
Trudeau then called out Trump directly, appealing to his ego while delivering a sharp rebuke:
“Donald, in the over eight years you and I have worked together, we’ve done big things. We signed a historic deal that created record jobs and growth in both of our countries.”
“Now, it’s not in my habit to agree with The Wall Street Journal, but Donald, they point out that even though you’re a very smart guy, this is a very dumb thing to do.”
Trudeau warned that this pointless fight between allies is exactly what America’s global adversaries want.
Canada Stands Strong as Trump’s Economy Crashes
Trudeau reassured Canadians that, despite the challenges ahead, the country will weather the storm:
“I won’t sugarcoat it. This is going to be tough. But we will pull together because that’s what we do.”
While Trump’s reckless tariffs threaten to trigger a recession, Canada has a steady, rational leader steering its economy. Meanwhile, the Trump administration’s economic mismanagement could soon result in one of the worst downturns in American history.
Buckle up—Hurricane Donald is just getting started.
