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- Canada announces retaliatory tariffs on nearly $30 billion in U.S. imports
Canada announces retaliatory tariffs on nearly $30 billion in U.S. imports
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Canada announced a $29.8 billion (CAD) in retaliatory tariffs against the US, targeting a range of American goods, including steel, aluminum, and other commodities. The Canadian government stated its intention to adopt a "dollar-by-dollar" approach to retaliating against US tariffs.
The only constant in this unjustified and unjustifiable trade war seems to be President Trump's talks of annexing our country's through economic coercion.
We will not stand idly by while our iconic steel and aluminium industries are being unfairly targeted.
It is not in our common interest to burden our economies with such tariffs.
Tariffs are taxes, they are bad for business and worse for consumers. They are disrupting supply chains. They bring uncertainty for the economy.
We are … negotiating an economic deal which covers and will include tariffs if we succeed, but we will keep all options on the table.
I think we have enough war in the world, we need to stop the wars we have and not create a trade war.
It remains to be seen how these developments might affect future spending and investment.
Markets are going to go up and they're going to go down, but you know what? We have to rebuild our country.
The EU's punitive action completely disregards the national security imperatives of the United States – and indeed international security.
Trump's tariffs
- Donald Trump Announces 90-Day Tariff Reduction with China
- US and China Reach New Agreement on Tariffs After Ongoing Trade Negotiations in Geneva
- Donald Trump Proposes Significant Reduction in China Tariffs Amid Ongoing Trade Negotiations
sources
- 1.The Times of India
- 2.ABC News (Australia)
- 3.CNA News
- 4.CTV News
- 5.The Guardian
- 6.Le Monde
- 7.ABC News
- 8.Agence France-Presse
- 9.CNBC
- 10.Fox News
- 11.Reuters
perspectives
- 1.US under Donald Trump
- 2.Chinese Foreign Policy
- 3.US-China Relations
- 4.Immigration to the US
- 5.US Economy
- 6.Inflation
- 7.Trade Agreement
- 8.World Economy
- 9.US-India relations
- 10.Mexico under Claudia Sheinbaum
- 11.US-EU relations
- 12.United States–Mexico–Canada Agreement
countries
- 1.United Arab Emirates
- 2.Australia
- 3.Brazil
- 4.Canada
- 5.China
- 6.Germany
- 7.United Kingdom
- 8.Hong Kong
- 9.Japan
- 10.Korea, Republic of
- 11.Mexico
- 12.United States
organizations
- 1.European Commission
- 2.White House
- 3.European Union
- 4.Federal Reserve System
- 5.Liberal Party
- 6.Business Roundtable
- 7.CATO Institute
- 8.Democratic Party
- 9.EU Council
- 10.Ipsos
- 11.Republican Party
- 12.US Trade Representative
persons
- 1.Donald Trump
- 2.Dominic LeBlanc
- 3.Justin Trudeau
- 4.Ursula Von Der Leyen
- 5.Anthony Albanese
- 6.Claudia Sheinbaum
- 7.Keir Starmer
- 8.Mark Carney
- 9.António Costa
- 10.Arthur Sinodinos
- 11.Clark Packard
- 12.Gregory Daco