Trudeau believes that Canadian resources can support Trump’s vision for a prosperous US
Prime Minister Justin Trudeau believes that Canada can play a pivotal role in realizing the “golden age” envisioned by U.S. President Donald Trump by offering affordable resources. However, he also asserted that retaliatory measures are on the table should tariffs be imposed on Canadian goods.
Trudeau outlined this strategy at the Liberal cabinet retreat on Jan. 21 in Montebello, Que., where ministers are convening to discuss strategies regarding the new U.S. administration.
“We’re considering 25 percent tariffs on Mexico and Canada, as they are allowing in vast numbers of people—Canada is a significant offender as well—and allowing fentanyl to enter,” Trump remarked, citing border security concerns.
Trump initially issued the tariff threat in late November 2024, prompting Ottawa and provinces to emphasize the economic integration and robust Canada-U.S. trade ties.
Trudeau highlighted outside the cabinet retreat that Trump aims to instigate a “golden age” for the United States, which he believes necessitates accessible energy, steel, aluminum, and critical minerals to drive the American economy.
“Canada possesses all these resources and is prepared to collaborate with the United States to cultivate a thriving and secure North American economy,” Trudeau affirmed.
While efforts have been made to convince Trump of Canada’s value to the U.S. to avoid tariffs, plans for retaliatory measures have also been drafted.
Trudeau emphasized that “everything is on the table” regarding retaliatory actions and expressed support for the “principle of dollar-for-dollar matching tariffs.”
“We are prepared to consider this approach should the need arise,” he stated.
Trump contends that other nations are exploiting the U.S. through trade surpluses and views tariffs as a means to boost federal revenues and bolster domestic manufacturing.
While enacting the executive orders, he argued that other countries “are coming in and they’re stealing our wealth, they’re stealing our jobs, they’re stealing our companies, they’re hurting our companies.”
“So, you put a tariff on to prevent that,” he reasoned.
Meanwhile, Trudeau argues that imposing tariffs will lead to increased costs for American and Canadian consumers.