The Prime Minister of Canada Justin Trudeau said the United States launched a trade war against Canada after introducing his duties, also accused the States of the desire to annexate his country.
In response, Canada completed a fee of more than 155 billion dollars. American goods.
This is American beer, wine, bourbon, devices and orange juice. The Prime Minister Trudeau believes that Donald Trump began a trade war, and this is a “stupid act”.
Canada will dispute the duties of the United States through the WTO and USMCA. If the US fee is stored, Canada will also consider non -mesh measures. There are absolutely no excuses or needs. Canada will pay 25% of US goods in the amount of $ 155 billion. Our responsibilities will remain valid until the US duty is canceled, ”Trudeau said.
We would like to remind you that new duties made by the US presidential administration entered into force. Washington set 25 percent duties on the import of goods from Canada and Mexico, as well as for energy from Canada-10%.
In general, Trump has already introduced the following tariffs:
- 25% of tariffs for all Mexic products
- 20% for many goods with China
- 10% for energy resources from Canada
- 25% for all other products from Canada.
In addition, there are tariffs against European countries, which will also give a powerful answer.
Against the background of this US stock market (from January 20), I have already lost $ 3.5 trillion, and oil prices have fallen to $ 70 ($ 55 oil), because trade becomes more expensive, and the world economy suffers, so the demand for oil and investment is reduced.
In response to new tariffs, China announced an increase from 10-15% of imports for imports covering a number of agricultural and food products of the United States, and established restrictions, including exports, for 25 American companies.
Mexico will announce new responsibilities at the end of the week. Probably, the country hopes for a de -escalation of the situation. Trump’s accusation is that Mexico should not be sufficient to combat drug smuggling is considered slander in the country.
Source: Racurs
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.