Canadian Prime Minister slams US tariffs

Justin Trudeaucanada Prime Minister

Because that will make it easier to annex us, is the second part of his thought, ... That is never going to happen."

said Trudeau

So today, the U.S. launched a trade war against Canada, their closest partner and ally, their closest friend,

said Trudeau who repeated Canada's retaliation

You can’t suspend the laws of economics,

he told MSNBC

The impact on us, admittedly, is going to be greater than the impact on the United States, ... You add a 25% tariff on most of that … and it’s going to immediately have an impact in terms of reducing or eliminating gross, possibly sending the economy into a recession.”

Fagan told CNN, adding

If US consumers are not buying as much product produced in Mexico, then eventually, that could result in job losses for Mexico,

Marczak told CNN

If it’s a 25% tariff, that’s far bigger than profit. So, at a certain point, very quickly, unless you can pass those costs along to consumers, ultimately, it’s not profitable to continue to produce,

he said, warning that a pause in production

If this issue of tariffs is consolidated, an important evaluation of the geographic diversification of the Mexican economy must be made,

she said

Canadians are reasonable and we are polite, but we will not back down from a fight, not when our country and the well-being of everyone in it is at stake,

he said

Justin Trudeaucanada Prime Minister

It's not in my habit to agree with the Wall Street Journal, but Donald, they point out that even though you're a very smart guy, this is a very dumb thing to do,

said Trudeau, who will step down as prime minister after the ruling Liberal Party chooses a new leader on Sunday

Justin Trudeaucanada Prime Minister

Given that he is choosing to want to ruin the Canadian economy, I don't know whether to bring forward negotiations, given the situation of such bad faith that we're in,

said Trudeau, who warned Canadians that tough times were coming

We're going to choose to try to buy Canadian products and forgo bourbon and other classic American products. And yeah, we're probably going to keep booing the American anthem,

Trudeau said

Our focus has to be on getting these tariffs lifted as quickly as possible,

he said

We need to make sure America feels the pain,

he said

Tariffs create ripple effects that move through complex supply chains in ways that aren't always obvious,

Travis Tokar, professor of supply chain management at Texas Christian University, wrote in an e-mail

Greg DacoeY chief economist

The exceptionalism and resilience that we've been talking about for two years, I think is starting to show some cracks,

Daco added

We're going to see a price level change upward,

said Kleinhenz

We've got now multiple trade wars on multiple fronts,

Swonk said

The consumer will likely see price increases over the next couple of days,

Cornell said, with food imported from Mexico now hit with a 25% levy

Your government has chosen to do this to you,

Trudeau told the American public, urging them to recognize that the trade war will have no winners

There is no price we all aren't willing to pay,

he stated,