Shortly after U.S. President-elect Donald Trump said he would impose 25% tariffs on Mexico and Canada each, he held talks with Canadian Prime Minister Justin Trudeau to discuss trade and border security issues, Reuters reported, citing Canadian sources.
The source told Reuters the conversation was "a friendly discussion and the two leaders will stay in touch."
Canadian authorities stressed the importance of bilateral relations in a statement issued after Trump's announcement, saying Canada is an "essential" country for U.S. energy supplies.
Canadian Deputy Prime Minister Chrystia Freeland and Canadian Public Safety Minister Dominic LeBlanc issued a joint statement, saying Canada's relationship with the United States is balanced and mutually beneficial, especially for American workers, and that the Canadian government will "continue to discuss these issues with the next U.S. administration," according to AFP.
In an earlier post on Truth Social, Trump said he would impose 10% more tariffs on China on the day of his inauguration on January 20 next year, in addition to additional tariffs, and 25% each on Mexico and Canada.
After the announcement of the tariff policy, the shock spread to the financial market, with the value of the Mexican peso and the Canadian dollar falling.
The impact of the global trade market is expected to grow wildly depending on whether China responds to tariffs.
a
reporter | Kwon Young-hee
AI Anchor|Y-GO
Edit Caption | Unhyun-kyung
#NowNews
[Copyright holder (c) YTN Unauthorized reproduction, redistribution and use of AI data prohibited]