Customs war unleashed: USA, Canada and China in trading chaos!

Customs war unleashed: USA, Canada and China in trading chaos!

China reacted to the punitive tariffs imposed by Canada with drastic measures: from March 20, tariffs will be raised to a number of Canadian products such as rapeseed oil and peas. This decision follows Canada's tariffs, which were introduced last October due to subsidies for Chinese electric cars, steel and aluminum. According to the Beijing Ministry of Commerce, Canada is indiscriminately violated the Chinese foreign trade law and must now bear the consequences, as krone.at reports.

But the USA is also involved in this trade conflict. US President Donald Trump has recently introduced tariffs on imports from Canada, Mexico and China, which are between 10 and 25 percent. This was announced on the Truth Social platform and results in immediate countermeasures by the affected countries, which will be directed against the US economy. The EU is concerned about the possible economic effects of these tariffs and warns of the consequences of a trade war, as reports Tagesschau.de Trump has also indicated that this could only be the beginning and that he could also target European products in the future.

merging trade disputes

The customs increases have far -reaching consequences for both the countries concerned and for European companies. The automotive sector in particular could be affected, since many manufacturers operate production facilities in Mexico and their exports to the USA are made more difficult by the new tariffs. Experts warn that this could lead to high inflation rates and job losses because the competitive situation is severely affected. In Canada, tariffs on products such as oil and minerals are expected to greatly reduce the attractiveness of Canadian exports on the US market, which could have serious consequences for the Canadian economy.

These complex trade movements and retaliatory measures reinforce the already tense relationship between the USA and China. Beijing could react again with its own tariffs, which would further destabilize the economic situation in China. The United States in particular is likely to be affected by the intensifying conflicts because they rely on a variety of Chinese products. The question remains, how these trade wars will continue and what other measures Trump has in store.