Canada is preparing for a trade war with the US
news.online.ua
Sat, 11 Jan 2025 17:01:35 +0200
CanadaUS relations could deteriorate significantlyAs journalists have learned, the Canadian authorities are already developing plans to impose significant tariffs on American products if Trump carries out his threat to impose a 25 tariff on Canadian goods.What is important to understand is that official Ottawas plans go far beyond the narrow list of goods produced in the US, introduced during the conflict 7 years ago.
The trade dispute ended after the United States, Mexico and Canada agreed to renegotiate a regional trade deal.
Now, Canadas countermeasures could be even more significant.
One proposal includes imposing significant tariffs on almost all products the United States exports to Canada.
According to one insider, official Ottawas actions will depend on what Trump actually does after taking office.Canadian leader Justin Trudeaus team still harbors hope that it can avoid a trade war.Trudeau explained what Trump really had in mindAccording to the Canadian Prime Minister, Donald Trumps scandalous statements about the annexation of his country are a distraction from the threat to impose high tariffs on Canadian imports.
President Trump, who is a very skilled negotiator, is getting people to move away from talking about 25 percent tariffs on oil and gas, electricity, steel and aluminum, lumber and concrete.
Justin Trudeau Prime Minister of Canada The Canadian leader warned that as a result, everything that American consumers buy in Canada will suddenly become much more expensive if Trump goes ahead with these tariffs.According to the politician, this is exactly the problem that needs to be focused on right now.Interestingly, Justin Trudeau does not believe that the United States will actually resort to annexing Canada.
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