Trump threatens Canada: trade war escalated - Trudeau does not give way!

Trump threatens Canada: trade war escalated - Trudeau does not give way!

Ottawa, Kanada - President Donald Trump has again triggered an aggressive escalation in the trade war by increasing the tariffs on goods from Canada and Mexico by 25 percent. This was effective on Tuesday, and Trump also mocked Prime Minister Justin Trudeau on his Truth Social platform, by describing him as "governor Trudeau". This insulting name, which Trump had previously used, underpins its repeated hints, Canada could one day become part of the United States. Trudeau rejected these threats and emphasized in a speech that Trump aims at a total collapse of the Canadian economy in order to facilitate annexation. He announced counter -tariffs of 25 percent to goods from the United States, which concerns a value of around 155 billion Canadian dollars, and made it clear: "We will not shy away from a fight", as oe24.at reported.

The US Commercial Minister, Howard Lutnick, expressed optimistic information about possible agreements in the customs dispute with Canada and Mexico. He explained that intensive discussions would be held and that an agreement would be announced in the coming week. In order to justify his previous tariff increases, Trump had claimed that Canada and Mexico would not do enough against migration and drug smuggling, with the opioid crisis in the United States causing around 75,000 deaths annually. At the same time, the punitive tariffs were doubled to Chinese imports, which further fueled the trade war against China. In response to the US tariffs, China has in turn introduced punitive tariffs between 10 and 15 percent to a variety of agricultural products from the USA, which results in serious tensions in international trade, such as yahoo.de reported.

The situation has already led to turbulence on the stock markets. The uncertainty about the future trade relationship between the USA and their neighbors Canada and Mexico as well as the international partner China provides worrying declines in the stock exchange courses. However, Trump remains undeterred and threatens to take further measures, including possible tariffs on agricultural products from April 2. The dynamics in this trade conflict are pursued carefully in both the USA and internationally, and the potential economic consequences are enormous.