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BlockNews
Home CRYPTO

Trudeau Slams Trump’s ‘Very Dumb’ Tariffs, Igniting Trade War, and Supporting Vladimir Putin

Michael Juanico by Michael Juanico
March 4, 2025
in CRYPTO, FEATURED, FINANCE, POLITICS
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  • Trudeau slammed U.S. tariffs as a “dumb” trade war and announced $155 billion in retaliatory levies.
  • Canadian leaders from all political sides united against the tariffs, with Ontario pulling U.S. goods from shelves.
  • Trump warned of harsher measures if Canada retaliates, escalating tensions between the two nations.

Canadian Prime Minister Justin Trudeau didn’t hold back after the U.S. slapped 25% tariffs on Canadian and Mexican goods—along with a 10% levy on Canadian energy exports—calling the move a “dumb” trade war designed to crush Canada’s economy and pave the way for U.S. annexation.

“We’ve faced tough times before, and we’ve come out stronger,” Trudeau said defiantly. “There’s no price too high when it comes to defending our country, and today is no different.”

JUST IN: 🇨🇦 🇺🇸 Canada Prime Minster Justin Trudeau confirms President Trump started a trade war and slams him for working with Vladimir Putin, a "murderous dictator" pic.twitter.com/TT3rFlNxr5

— BlockNews (@blocknewsdotcom) March 4, 2025

Retaliation and Rising Tensions

Canada isn’t backing down. Trudeau announced retaliatory tariffs on $155 billion worth of U.S. goods, with $30 billion hitting immediately and the remaining $125 billion rolling out in 21 days.

“Americans will lose jobs. Prices will rise—groceries, gas, cars, homes. Inflation will spike,” Trudeau warned, adding, “Even though you’re a very smart guy, this is a very dumb thing to do.”

Meanwhile, Trump justified the tariffs as a response to Canada’s alleged failure to stop fentanyl smuggling—an accusation Trudeau dismissed as “completely bogus.” Data from the U.S. Drug Enforcement Administration (DEA) backs him up, with Canada barely mentioned in a 2020 fentanyl report.

Trump then doubled down on social media, warning that any Canadian retaliation would be met with even harsher U.S. measures.

euronews.com

A Wave of Nationalism Sweeps Canada

Trump’s aggressive stance has sparked a wave of unity across Canada’s political spectrum. Ontario Premier Doug Ford vowed to make Americans “feel pain,” promising a 25% export tax on electricity to U.S. states if tariffs persist. Ontario also pulled American wines and spirits from store shelves and banned U.S. firms from government contracts.

Ford, who campaigned on fighting U.S. tariffs, said, “The stock market will tank faster than an Olympic bobsled.”

Quebec Premier François Legault warned of potentially losing 160,000 jobs, while Nova Scotia Premier Tim Houston called Trump a “short-sighted man” who “wields power just for the sake of it.”

Even conservative Alberta Premier Danielle Smith, who had previously resisted calls to cut oil exports to the U.S., condemned the tariffs as “an unjustifiable economic attack on Canadians and Albertans.”

Meanwhile, in Newfoundland and Labrador, liquor stores removed all American products, with Premier Andrew Furey urging Canadians to buy local instead.

Uncertain Future Ahead

If these tariffs remain—or escalate further—the damage to the Canadian economy could be devastating. But Trudeau made one thing clear: Canada will not be bullied. “We will never be the 51st state.”

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: CanadaDEADoug FordJustin Trudeaustock market
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Michael Juanico

Michael Juanico

Michael is a BSBA Management graduate from Mindanao State University and has been a professional content writer since 2019. He began exploring cryptocurrency in 2021 and has since made blockchain and digital assets his primary focus. For nearly four years, Michael has contributed research and editorial content at Aiur Labs and BlockNews, producing clear and accessible coverage of market trends, trading strategies, and project developments. He is transparent about his personal holdings in Bitcoin, TRON, and select meme tokens, combining writing expertise with hands-on market experience to deliver trustworthy insights to readers.

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