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US Trade Partners Express Concern Over Trump Tariff Threats

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Mexico's President Claudia Sheinbaum has warned that tariffs would cause inflation and job losses, while China has stated that no one would win a trade war. Canada, a major supplier of crude oil to the US, is also at risk. The US-Mexico-Canada Agreement is at risk of being violated. Critics argue that Trump's plan could lead to a bitter global trade war, with consumers and companies facing steep costs.

    1. What happens in the U.S. has a big impact on us, and something like this would clearly have an impact on both economies.
    2. The past few years were unlike anything we'd experienced before, and none of it was easy. But we believe inflation will once again fade into the background as it settles back at 2 per cent.
    1. This is a relationship that we know takes a certain amount of working on, and that's what we'll do. One of the really important things is that we be all pulling together on this - the Team Canada approach is what works.
    2. That is the work we will do seriously, methodically. But without freaking out.
    1. The things we sell to the United States are the things they really need.
    2. We sell them oil, we sell them electricity, we sell them critical minerals and metals.
    1. To compare us to Mexico is the most insulting thing I've ever heard.
    1. No-one will win a trade war or a tariff war.
    1. All these prove that the idea of China knowingly allowing fentanyl precursors to flow into the United States runs completely counter to facts and reality.
    2. China believes that China-US economic and trade cooperation is mutually beneficial in nature.
    3. China has responded to US request for verifying clues on certain cases and taken action.
    1. To one tariff will follow another in response and so on, until we put our common businesses at risk.
    2. Seventy percent of the illegal weapons seized from criminals in Mexico come from your country.
    3. It is not with threats or tariffs that the migration phenomenon will be stopped, nor the consumption of drugs in the United States.
    4. Tragically, it is in our country that lives are lost to the violence resulting from meeting the drug demand in yours.
    1. I will sign all necessary documents to charge Mexico and Canada a 25 percent tariff on ALL products coming into the United States.
    2. This Tariff will remain in effect until such time as Drugs, in particular Fentanyl, and all Illegal Aliens stop this Invasion of our Country! Both Mexico and Canada have the absolute right and power to easily solve this long simmering problem.
US Trade Partners Express Concern Over Trump Tariff Threats