Canadian Prime Minister Justin Trudeau announced retaliatory tariffs against the US immediately after the US did late yesterday (notably, Mexico didn't).
The final line of his statement was this:
That hints at what the next fight will be in the courts and in Congress.
The first article of the US Constitution reads:
The Congress shall have Power To lay and collect Taxes, Duties, Imposts and ExcisesThere have been a number of carve outs to that around dumping and emergency actions. Trudeau highlighted whether the 0.03 lbs of fentanyl that was seized in Dec-Jan at the US-Canada border meets bar to put tariffs on all goods in a country with a congressional-approved trade deal.
Several border states will be hard hit by a trade war and we could see a push to assert who has control of tariff policy.
This article was written by Adam Button at www.forexlive.com.Hence then, the article about trudeau hints at what s next for canada after tariffs was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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