He Prime Minister of Canada, Justin Trudeauhe warned on Tuesday that 25% tariffs will impose to American products before Donald Trump’s decision of Increase Canadian import taxesas well as a Additional 10% For the energy products of that country.
Given this situation, Trudeau said: “If US tariff 25% tariffs over 155,000 million Canadian dollars (about US $ 107,000 million) in American goods. “
In that line, the Canadian Foreign Minister, Mélanie Jolymade clear the Canadian retaliation in the face of the measure opted by the United States: “We know that this represents an existential threat to us. There are miles of jobs at stake in Canada. We have already done the work and We are prepared in case the United States decides to start this commercial war“
“I don’t think we return to the relationship before, even if the tariffs are retired,” added Canada’s Minister of Natural Resources, Jonathan Wilkinsonreferring to the beaten commercial relationship with your neighboring country.
Trump also threatened to increase tariffs further if Canada responds with a reciprocal measure to his, although he did not indicate how this escalation would occur.
“If you respond to a US tariff, our reciprocal tariffs will increase immediately in the same proportion”Trump wrote in a message addressed to Prime Minister Justin Trudeau, which he calls “governor”, the title he would have if Canada is annexed to the United States.
Tariff increases that Donald Trump imposed for Mexico, Canada and China enter into force
Finally and after the tense debate, the tariffs announced by US President Donald Trump for Mexico and Canada. Next to Chinamake up a commercial consortium for the North American giant to which they will respond with reprisals. From the European Union (EU) They warn concern about “economic stability.”
“Those tariffs threaten deeply integrated supply chains, investment flows and economic stability On both sides of the Atlantic, “said an EU spokesperson, Olof Gill.
In detail, this Tuesday They fulfilled the days of extension that the president of the United States had granted Before the tax increase for Mexican, Canadian products and also from China entered into force
Last year, the United States made almost 2.2 billion dollars in the trade of goods – exportations more imports – with the countries that the president is pointing out: US $ 840,000 million with Mexico, US $ 762,000 million with Canada YU $ S582,000 million with China.
In this scenario, Trump declared an economic emergency to justify tariffsmarking the most aggressive use of rates by the United States since the 1930s.
Donald Trump’s tariffs for Mexico, Canada and China begin
Any import from Mexico and Canada will have 25%tariffs, while those of Canadian hydrocarbons will have a 10%tax. Chinese imports, which since February had additional 10% tariffs, add up to another 10% more, something that raises fears for their impact on inflation.
These tariff increases to China are added to those announced during the commercial war with the Asian giant initiated by Trump during their first mandate.
The Canadian Prime Minister, Justin Trudeauannounced 25% tariffs against US $ 155,000 million (more than 95.4 billion euros) in American products during the next 21 days.
As announced on Tuesday the Chinese finances ministry, Beijing will tax with 15 % the American imports of chicken, wheat and corn, and with 10 % those of soybean, pork, beef, aquatic products, fruits and dairy, inter alia.
Some imports Affected by Trump’s tariffs
Automotive production
For decades, more than one in five of cars and light trucks sold in the United States were manufactured in Canada or Mexico. Last year, The US imported light vehicles and trucks for US $ 79,000 million from Mexico —Many more than any other country – and 31,000 million dollars from Canada.
China is also an important supplier of car parts, US $ 18,000 million in 2024. S&P Global Mobility estimates that “importers are likely to transfer most, if not the totality, of this increase (costs) to consumers.”
Diesel
Canada is the biggest foreign oil supplier for the United States. In 2024, he sent raw for a $ 98,000 million, far ahead of Mexico, and for many US refineries, there are not many options.
Canada produces “the type of crude oil that US refineries are prepared to process”, Lincicome indicated.
Food
In 2024, the United States bought more than US $ 49,000 million in agricultural products in Mexico – including 47% of imported vegetables and 40% of fruits. These agricultural imports of Canada amounted to $ 41,000 million.
“Liming stores operate with really small margins,” Lincicome said. “They cannot absorb tariffs … especially when you talk about things like avocados that basically 90% come from Mexico.”
American farmers are also nervous, since Canada and Mexico could respond with tariffs to American products such as soybeans and corn. That is what happened in Trump’s first administration.
Source: Ambito
