Canadian Prime Minister Justin Trudeau has announced that Canada will impose tariffs on $155 billion worth of US goods in retaliation against President Donald Trump's trade policies. The move comes after Trump announced broad 25% tariffs on Canadian imports, which Trudeau warned would harm both countries' economies, particularly the auto industry.

The tariffs, which will be implemented in two stages, will see $30 billion worth of American goods subject to a 25% tariff starting Tuesday, with an additional $125 billion worth of goods added after 21 days. Trudeau stated that the tariffs are "strong but appropriate" and necessary to defend Canada, Canadians, and their future.

The list of affected US goods is extensive, including American alcohol, orange juice, clothing, appliances, lumber, and plastics, among others. Trudeau also hinted at non-tariff moves, such as reexamining public procurement policies, but noted that actions like limiting energy exports would require more careful consideration to avoid disproportionately burdening certain regions.

The US tariffs, which also target Mexico and China, are aimed at incentivizing these countries to stem the flow of illegal fentanyl into the US, according to Trump. However, Trudeau has rejected this claim, stating that the tariffs will have real consequences for both countries' economies.

The move marks a significant shift in trade policy between the US and Canada, with the two countries traditionally enjoying a close trade relationship. The US tariffs include a clause seeking to prevent retaliation, but Trudeau has made it clear that Canada will not be deterred from defending its interests.

The implications of this trade dispute are far-reaching, with potential consequences for the global economy. As the situation continues to unfold, it remains to be seen how the US and Canada will navigate this new era of trade tensions.

In related news, the impact of Trump's tariffs is already being felt in the tech industry, with companies such as Google and Microsoft likely to be affected by the new trade policies. The situation is developing, and we will continue to provide updates as more information becomes available.