Canada US Trade War: The policies of US President Donald Trump are now openly opposed, Trump is also facing opposition in the US. In particular, the US is now suffering heavy losses due to tariff measures taken by Trump to promote the US economy. Today, despite being a world superpower, the way it has imposed tariffs on China, Canada and Mexico, it seems that these countries will now react in the same way.
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On Monday, Donald Trump announced that 25% tariffs would be imposed on Canada and Mexico from Tuesday. Canada is shocked by this incident and is in a strict mood for this fight on the economic front.
As soon as Trump announced 25% tariff on all goods coming from Canada except for energy imports, Canada’s Prime Minister Justin Trudeau retaliated and put a tariff on US imports worth 30 billion Canadians.
Canada has also imposed an additional 25% overload on US products. Justin Trudeau also targeted Donald Trump. Trudeau accused Trump of destroying Canada’s economy to work on his plan to merge Canada into the US.
Canada threatens America to blackout
Prime Minister of Ontario province of Canada, Dug Ford has strongly retaliated on the US. He has threatened the US to blackout. Electricity is supplied to three states of the United States from Ontario province in Canada. About 1.5 million houses in the US Minnesota, Michigan and New York are supplied electricity from Ontario, which means Canada exports electricity to the US. Ontario province borders the United States. Apart from this, Canada has also threatened to stop Nickel’s supply.
Although Dug Ford had threatened to shut down power supply before imposing tariffs, it had no effect on the US and 25% tariffs have been implemented in Canada from Tuesday.
Canada is America’s largest foreign oil supplier
Apart from this, Canada is also the largest foreign oil supplier in America. In 2023, the US will import 1.4 million barrels of crude oil per day from Canada, which is more than half of the total imports of the US. However, experts believe that Canada will not take steps like stopping oil supply, as it affects its own economy.
China also retaliated strongly on America.
Trump has doubled the fee on Chinese goods to 20%. On this decision of Donald Trump, China -based American embassy said on social media, “If America wants war, whether it is tariff war, trade war or any other kind of war, we are ready to fight till the end.” Not only this, China also threw its tariff card to respond to the US. China has imposed 15% tariffs on import of US agricultural products and 10% on others.
