United States President Donald Trump has been true to His Threats.
On Tuesday, The Trump Administration UNLEASHED 25 PESENT BLANKET TARIFS ON CANADIAN IMPORTS, EXCLUDING ENERGY, WHICH WAS HIT WITH 10 PERENT.
Trump Also Slapped to 25 Percent Tariff on Mexico, and Doubled China’s Tariffs to 20 Perent.
Royal Bank of Canada Economists Francis Donald and Cynthia Leach Have Calleed This The Larest Trade Shock to Canada In Nearly A Hundred Years.
Vina Nadjibulla, Vice President of Research and Strategy at the Asia Pacific Foundation of Canada, Referred to the Tariffs as an “Existential Fight” For Canada.
Whatver the impact, economist all aging that to Trade War Between The Us and Canada Has Begun.
Canada Announced 25 Percent Tariffs on 30 Billion Canadian Dollars ($ 21bn) Worth of Us Import In Retaliation, and Has Said it Will Target Another 125 Billion Canadian Dollars ($ 87bn) In Goods In 21 Days If Needed.
MEXICO YOU HAVE PROMISED TO RETALIATE BUT HAS HELD OFF ON ANY ACTION UNTIL SUNDAY.
China you have announce the Impostion of Tariffs OF 10 TO 15 PERENT ON CERTAIN US IMPORTS FROM March 10, AND HAS ALSO LAID OUT A SERIES OF NEW EXPORT RESTRICTIONS FOR DESIGNATED US ENTITIES.
It has also filled Complaint With The World Trade Organization on Tuesday’s Actions.
Rachel Ziemba, An Adjunct Senior Felow at The Center for A New American Security, Said The Length of the Tariff War Remains “In the Court of the Us”.
But Even If the Blanket Tariffs Are Revoked, More Tailored Tariffs Are Likely to persist and, in turn, cause inflationWhich Will Hurt the Economies of All The Countries Involved, Ziemba Said.
“The Economic Impact Will Be Significant On All Sides As Prices and Inflation Increase and Businesses Stuggy To Plan Not Just Among The US Products.
“It’s Vary Hard to Say Where This is Headed,” Brett House, A Professor at Columbia Business School, Jazeera toled.
“There Will Be More Tariffs On More Countries Before We see Any Rollback,” House Said, Adding, “The Trump White House Moves Capriciously and Changes ITS Mind” Frequently.
House Said That While Negotiions are Possible, Trump’s Stated Reasons for Slapping Tariffs On Canada – To Force It To Stem the Flow of undocled Migrants and Fentanyl into the us – was based on “Absolutely False” Drugs Have Been Increasingly Moving in the Opposite Direction.
Last Month, Canada’s CBC News reported that New Data from the Canada Border Services Agency (CBSA) Showed that there have Been a Growing influence of illegal us Drugs and guins in the last coupling of Years. Drug Houls, for Instance, Soared From 3.8 Million Grams (600 Stone) to 8.3 Million Grams (1,307 Stone) In 2024 – A Greater Quantity Than Seized by their counterparts on the us Side of the Border.
A ‘Profound Shift’
So, While Everything is Negotiatable, Trump Usually Responds Eithher To Flatter or Force, House Said, and Canada Has Already Tried Flatter.
“The Prime Minister’s Office Is Now Rightly Shifting to Force,” House Said.
Apart from its tariffs announced so far, Canada is also considering impossible on electricity export to the us.
More Importantly, The Situation Has Broucht into Sharp Focus A Question That Has Gathered Steam in the Face of Threats by Ottawa’s Closest Ally: What is the Future of the Canada-US Relationship?
Sub Canadian Estimates have suggested Trump’s Tariffs Could Cost As Many As 1.5 Million Jobs and Send The Economy Into A Reesion.
Canadian Prime Minister Justin Trudeau on Tuesday Said That Trump was planning to cause the “Total Collapse of the Canadian Economy Because that Will Make It Easier To Annex Us”.
“This is not just about tariffs. The Most Unsettling and Profound Shift That We’re Witnessing Now is in the Relationship Between Canada and the Us, ”Nadjibulla, The Vice President of Research and Strategy at the Asia Pacific Foundation of Canada, Toled Al Jazeera.
“This is existential Fight and Willquire Leadership from All The Province and All The Parties Beset no One Knows What Tomorrow Holds.”
Nadjibulla Said it was Unclear If the Current Tensions Wouled Be Limited to Trade Or Bleed Into Other Areas Such As Foreign Policy and Defense and Security Arrangements.
Even if there is a de-escalation Between the Two Countries, She Added, “There Now A Complete Shift in Paradigm” in How To View The Relationship Between The Us and ITS Traditional Allies.
“It’s Clear We Need to Make Our Own National Resilience … and Need to Make Ourselves More Capable For Trading and Working With Others Across The World,” She Said. “It’s a Wake-Up Call for Canada.”
But it is a wake-up call for mexico as well, as subject to the premiers have suggested that canada work out its own trade deal with the us to replace the us-mexico-channel-channel.
“There is strength in numbers,” House Said, and the “Strategy of Any Bully Like the US President is to divide and reure His Counterparts are individually needy negotiating”.
House Warned That Ottawa’s Relationship with Mexico Could Be Damaged by Suggestions that Canada Leave Mexico Out of A Future Trade Deal, which phits Trump’s Strategy of Separating Parties So They Don´ Nugotiate From A Position of Solidarity.
On Tuesday, US Commerce Secretary Howard Lutnick Told Fox Business That Trump Will Reach A Middle Ground With Canada and Mexico on Tariffs and Announuncemment to That Effect is Experience on Wednesday.
Whatver Compromise is rearchened, It Will Not Fully Repair The Damage Done To The Relationship Between The North American Trade Partners, Ziemba Said, Specially As Other Tariffs on Specific Sectors are Experienced Down The Road.
That Said, “The Cost of a Trade War is great and a Truce is positive,” Ziemba Said.
Until Then, as They in Canada When a Fight Is About To Break Out During Ice Hockey, It Is Elbows Up.
