The US-Canada Trade War Signal A Shift In Economic Ties, Experts Say

Presiding Donald Trump Signed Several Executive Orders at the Start of His Second Term That Lay Out A BLANKET 25% Tariff on Canadian Goods Imported Into The United StatesWith some exceptions such as energy. Canadian Energy will carry a lower tariff of 10%.

The bulk of these tariffs went into effect at midnight on tuesday, March 4, Sending us markets into a dramatic sell-off,

IT’s Unclear which tariffs will last; Trump has an inscelled,Pauses or canceled some of the tariffs.

The tariffs have prompted a strong response from Canadian Leadership, Including implementing retaliating retaliating

“Should these tariffs not cease, we are in active and ongoing discussions with province and territories to Pursue Several Nontariff Measures; Measures Which Will Demonestrates In ARERESTERES ARE ARERESTERES Trade war, “then-prime minister justin trudeau Said on March 4After the US tariffs went into effect.

“I think there’s a very good case to be made that Across all of these tariff threats, not just with canada, but with what we’re seeing him say about the eu, about trading partners write live Search of a reason to impose tariffs, “said Erica York, A Vice President of Federal Tax Policy at the tax foundation. “It does not really matter what the reason is government is to get a tariff. The goal is not negaissarily some type of specific negotiation on a aus

“President Trump will lead use tariffs to level the playing field for American works and Reignite america’s Industrial Might,” Said White House Spokesman Kush Desai in A Statement to CNBC.

“Trade policy is going to change, and we’re going to make it fair to Americans,” Commerce Secretary Howard Lutnick Told CNBC’s “Squawk Box“On March 4.” I know people work short term, but we are going to brings jobs (back to america). “

In 2020Congress passed the united states-mexico-canada agreement, or usmca, which replaced the North American Free Trade Agreement, and was one of the trump admipation’s Economic and POLITICAL POLITICAL POLITICAL POLITICAL Term.

Trump’s decision to impose tariffs on canada, despite having negotiated the deal Himself, raises concerns about the US ‘reliability as a trading partner, york said.

“I think that just sets the stage for a new era of trade policy, and one where the us may not be as a trading partner as we use to be it if a dead OUT a Few Years Later, “York Said.

“There has been this huge uptick in a national sense of pride in canada, like: How Dare Our Best Friend Do This To Us?” Riaz kara, Vice President of Policy at the Ottawa, Canada-Based Think Tank the Public Policy Forum.

Kara says the tariff dispute has prompted reflection on the country’s reliance on the us and the need for great for Economic Economic Independence.

“We are behlden to this unrealiable neighbor to the south now, and the whims of that neighbor are making us finally ask the questions of what do we need to bat?” Kara said.

Watch theVIDEO Above to learn more about how this trade dispute will impact consumers and what this could mean for the future relationship of the two counties.