Canada’s counter -plan for American tariff war: As soon as the US promised to impose tariffs on Canada and Mexico, the Canadian government has also decided to reply on US products. Canadian Prime Minister Justin Trudeau said Canada would respond to this unfair tariff stance. As soon as Trump announced a tariff on Canada, Canada has also prepared to put a counter tariff.
Tariff will be imposed on imports of $ 125 billion
Canada has said that it will impose retaliation on products worth $ 125 billion imported from the United States. Which will start today from Tuesday. In the initial stage, it will impose 25 percent tariffs on US products worth 30 billion Canadian dollars ($ 20.6 billion). In three weeks, 25 percent tariffs will be imposed on a total of $ 125 billion Canadian dollars.
Trump said that there is no way other than tariffs.
US President Donald Trump, taking a tough stance on Canada and Mexico, recently made a statement that there is no option but to put tariffs on Canada and Mexico. Since these two countries are not taking the demands and warnings of America seriously, America will impose tariffs on them. Apart from this, it has also announced to impose 10 percent tariff on China. Trump signed an executive order, under which 25 percent tariffs will be imposed on Canada and Mexico from February 1.
Relationships between the two countries will deteriorate, inflation will increase in America
Canada is the leading country to buy the most American products. Canada imports around $ 900 billion per year from the United States. This tariff war may spoil bilateral relations between the two countries. Applying tariffs by Canada can increase the prices of American products. This has also increased the possibility of increasing inflation again. Mexico has also shown its readiness to respond to the US tariff war. China has also announced a tariff on the US and has filed a complaint against the US tariff stance in the World Trade Organization.
