Canada ends relations with America: Canadian Prime Minister Mark Carney has announced that the old good relations with the US have ended. Carney made the announcement criticizing US President Trump’s decision to put 25 percent tariff on auto and auto parts.
Carney said, “Our good relations with America are now over.” Our old relations with the US, which were based on strong economic, security and military alliances, are now finished. Trump’s car tariffs are inappropriate. He has broken the great trade agreements between the two countries.
Five lakh jobs in Canada in danger
According to media reports, five lakh jobs in Canada are in danger due to the US tariff stance. After Donald Trump’s tariff announcement, Carney immediately postponed his election campaign. He immediately called a cabinet meeting and said that the US had ruined its relations. Now it will be difficult to make a business agreement with him in the future.
Will fight firmly against tariff
Carney further said, “We will fight a tough fight against these latest tariffs.” We will compete with our retaliation. We will protect our employees and companies. We will protect the country. Our retaliation will have the most impact on America.
Decision taken to promote local production
US President Donald Trump has announced a 25 percent tariff on auto and auto parts with the aim of promoting domestic auto manufacturing. The US is estimated to have an income of $ 100 billion from this decision. However, this decision may have a negative impact on the auto supply chain globally. Financial burden on auto manufacturers may increase. Many countries including Tokyo, Berlin, Paris and Canada are criticizing Trump’s decision. India may also get a setback in the US to export auto parts.
America imports cars worth $ 475 billion
Last year, the US imported cars worth $ 475 billion from Mexico, Japan, South Korea, Canada and Germany. European car makers sell more than 7.50 lakh vehicles in the US. Trump’s 25 percent tariff is expected to benefit the US about $ 100 billion.
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