Canada ready to retaliate against US trade tariffs, says foreign minister

Quick Summary:

Trump's executive order, signed Feb.

Canadian Foreign Minister Melanie Joly said the government in Ottawa is ready to go ahead with the retaliatory duties.

The Bank of Canada has warned that a prolonged tariff war has the potential to chop Canadian output by nearly 3 per cent over two years and “wipe out growth” during that period.

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Article Details

Category: BusinessFinance

Markets: IndiaCanadaMexico

Topics: Traiffs Trade tariffs Donald Trump US-Canada Trump administration

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-04 @ 07:59:38 (6 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 939 words

Reading Time: 6 minutes read

Sentences: 33 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 26653419

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 233 posts per day

Year Established: 1975

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News Last Updated: 2 hours ago

Coverage Areas: India

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Publisher ID: #49

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