Canadian Prime Minister Justin Trudeau announced that, starting March 4, Canada will impose a 25% tariff on US goods. He stated that if President Donald Trump proceeds with proposed tariffs on Canadian products, Canada will retaliate by imposing tariffs on $155 billion worth of US goods. Trudeau further emphasized that the tariffs would remain in place until the US withdraws its trade measures. Meanwhile, US President Donald Trump has announced the imposition of a 25% tariff on both Canada and Mexico.