Tuesday Trump Administration Released 25 percent covered tariffs In the Canadian import, excluding energy, which is hit by 10 percent.
Trump also hit a 25 percent tariff in Mexico, and doubled Chinese tariffs at 20 percent.
Royal Bank Canades Economists Francis Donald and Cynthia Leach called this the largest trade shock in Canada in almost a hundred years.
Wines Nadjibulla, Vice President of the research and strategies in the Asian Pacific Basisement of Canada, is called tariffs as a “existential fight” for Canada.
Regardless of influence, the economist is all agreed to a trade war Between the US and Canada began.
Canada announced 25 percent of the tariffs in the amount of 30 billion USD dollars (21 billion) imported into importing into retaliation and said another 125 billion USD dollars ($ 87 billion) in Robbie in 21 days.
Mexico promised to take revenge, but he went to any action until Sunday.
China has announced Imposition of tariffs From 10 to 15 percent to certain American imports from 10. March, and also set a number of new export restrictions for certain US entities.
She also filed a complaint at the World Trade Organization on Tuesdays.
Rachel Ziemba, auxiliary senior associate at the Center for New American Security, said the length of the Tariff War remains “in the US Court”.
But even if the unfinished tariffs are covered tariffs, more custom tariffs are likely to persist and, in turn, cause inflationWhat will harm the economies of all countries involved, Ziemba said.
“Economic impact will be significant with all parties as well as increased prices and companies that are struggling not only among these tariffs, but also with other tariffs written by the Adut promise to impose reciprocal tariffs in all countries that apply to American products.
“It’s very hard to tell where it moves,” Brett House said, a professor at Columbia Business School, Al Jazeera said.
“It will be all the tariffs in several countries before we see any return,” the house said, adding, “the trump white moves a carpricat and often changes your mind” often changes your mind. ”
House said that, while negotiations were possible, the reasons for slapping tariffs in Canada – to make it a steam of undocumented migrants and fentanil in the United States – in fact, unauthorized migrants, rifles and drugs are increasingly moving in the opposite direction.
Last month, the Canadian news on the CBC reported that the new data from the Canada Border Services Agency (CBSA) showed that there have been a growing influx of illegal American drugs and rifles in recent years. For example, drugs, for example, with 3.8 million grams (600 stone) to 8.3 million grams (1,307 stones) in 2024. year – a larger amount of confiscated their colleagues on the American side border.
‘Deep shift’
So, although all by arrangement, Trump usually suits or on flattery or force, House said, and Canada was already trying to flattery.
“The Prime Minister’s Office is now right in excessive force,” the house said.
In addition to the announced tariffs, Canada also contemplates the imposition of tariffs on the export of electricity in the United States.
More importantly, the situation has led to a sharp focus issue that gathered pair in the face of threats by Ottawe closest to the ally: what is the future Canada-American relationship?
Some Canadian estimates suggest that Trump tariffs can cost as many as 1.5 million jobs and send the economy into the recession.
Canadian Prime Minister Justin Trudeau said on Tuesday that Trump plans to challenge “the total collapse of the Canadian economy because it will make it easier for us.”
“This is not just tariffs. The most disturbing and deep shift that witnesses are now in terms of Canada and the United States,” said Nadjibulla, the Vice President of the Pacific Based Canada, Al Jazeera said.
“This is an existential struggle and will require leadership from all provinces and all sides because no one knows what there is.”
Nadjibulla said it would be unclear whether current tensions would be limited to trade or bleeding in other areas such as external policy and defense and security arrangements.
Even if there is de-escalation between the two countries, she added, “now a complete shift in paradigm” How to review the relationship between the US and its traditional alliances.
“It is clear that we have to do our own national resistance … and need to be made more capable of trading and work with others around the world,” she said. “It’s a wake-up call for Canada.”
But it is also to wake Mexico, because some Canadian prime ministers suggested that Canada perform its trading contract with the United States to replace the US-Mexico-Canada agreement.
“There is strength in numbers,” said the house, and “the strategy of any violator like the US presidents are to share and ensure that his colleagues negotiate”.
The house has warned that Otawin’s relationship with Mexico can be damaged that Canada left Mexico from the future trade agreement, which corresponds to the Trump Strategy for the separation of the parties so that they do not negotiate with the position of solidarity.
On Tuesday, the U.S. Secretary for Store Howard Lutnick told the handcuffs that Trump would reach the middle ground with Canada and Mexico on tariffs, and the announcement on Wednesday is expected to be an announcement on Wednesday.
Regardless of compromise, there will not be completely repaired the damage done between the North American trade partners, Ziemba said, especially the other tariffs on certain sectors.
That said, “Trade war costs are a great and truce possible,” Ziemba said.
Until then, as they say in Canada when the fight is about to break out during ice hockey, it’s elbows.
https://www.aljazeera.com/wp-content/uploads/2025/03/2025-02-07T154716Z_93805163_RC2PPCAZS8S8_RTRMADP_3_USA-TRUMP-TARIFFS-CANADA-1739388073-1741133453.jpg?resize=1200%2C630&quality=80
2025-03-05 02:09:00