Canada will hit US with retaliatory tariffs Tuesday

Canada's Prime Minister Justin Trudeau announced Saturday night that his country would respond to President Donald Trump's decision to enact a 25% tariff on Canadian exports to the U.S. by implementing a 25% tariff against $155 billion in U.S. goods.

Trudeau's comments came just hours after Trump signed an executive order implementing tariffs on goods from Canada, Mexico and China. Trump's order implemented a 25% tariff on imports from Mexico and Canada excluding Canadian energy products, which would face a 10% tariff. He also implemented an additional 10% tariff on imports from China.