Chrystia Freeland threatened to ‘go after American stakeholders who matter to the White House’ in response to Trump’s tariffs. A top Canadian lawmaker has threatened to slap a 100 percent tax on Elon Musk’s Tesla vehicles in retaliation to President Donald Trump’s tariffs. Freeland, who is running to be the next leader of the Liberal Party and prime minister of Canada, said that if forced, the nation will “inflict the biggest trade blow that the United States has ever endured.”.
Her threat comes as the EV maker is struggling with declining global sales and potential backlash to its CEO’s political views. Freeland also threatened to “go after” Wisconsin dairy farmers. “We know how important they are for the President. And we're not going to let them sell their products in Canada anymore,” she said. On Monday, Trump removed the exceptions and exemptions from his 2018 tariffs on steel, meaning that all steel imports will be taxed at a minimum of 25 percent. Trump also hiked his 2018 aluminum tariffs to 25 percent from 10 percent.
“The tariffs the U.S. is threatening Canada with are across the board, and they're going to hurt you,” Freeland added. “Take aluminum. Aluminum is basically electricity in solid form, and in imposing a 25 percent tariff on Canadian aluminum, you're hurting yourselves.”. Trump frequently claims that the tariffs he unilaterally imposes are paid by foreign nations, but they are actually paid by American importers and passed on to American consumers in the form of higher costs.
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