Trudeau, who recently announced his resignation as leader of Canada’s Liberal Party, stated that he had not spoken with Trump since the U.S. president’s inauguration but remains open to trade negotiations.
“If President Trump wants to usher in a new golden age for the United States, the better path is to partner with Canada, not to punish us,” Trudeau said. “Canada has critical minerals, reliable and affordable energy, stable democratic institutions, shared values, and the natural resources you need. Canada has the ingredients necessary to build a booming and secure partnership for the North American economy, and we stand at the ready to work together.”
Mexico and China Respond with Retaliatory Measures
Late Saturday, in response to Trump’s tariffs, Mexican President Claudia Sheinbaum announced a 25% retaliatory tariff on U.S. goods, according to Reuters.
Economists predict that China will also respond with its own set of retaliatory tariffs, potentially targeting raw materials critical for semiconductor production or making other strategic trade policy changes to pressure the U.S. economy.
