Canada imposes counter-tariffs on U.S. goods as food prices face potential rise
Canada is implementing counter-tariffs on $30 billion of U.S. goods, effective February 4, in response to U.S. tariffs. This includes a 25% tariff on various food items, which may lead to higher prices for Canadian consumers. Experts predict that food prices, especially for fresh produce and dairy, could rise quickly. Canada imports a significant portion of its fruits and vegetables, making it vulnerable to price increases due to these tariffs. Prime Minister Justin Trudeau encourages Canadians to buy local products. However, experts note that many food items are still sourced from the U.S., complicating efforts to avoid American imports.