Trump’s Cold War with Canada continues. The President of the United States, Donald Trump, published in the “Truth, Social” sent a letter sent to the Canadian Prime Minister Marcum Carney, during which 25% were tariffs, which Trump originally imposed in March.
Trump’s tariffs on Canada allegedly sought to take a neighboring country to take more energetic measures against Fentanil smuggling, despite the relatively moderate drug trade from this country. Trump also expressed his disappointment about a commercial deficit with Canada, which is mainly associated with oil procurement.
“I must mention that the fentanil stream is not the only problem that we experience with Canada, which has numerous tariff policies and commercial barriers,” says Trump in a letter.
Thanks to the agreement between Mexico, the USA and Canada (T-MEC, known as USMCA in English) From 2020, suitable products for Trump tariffs are limited. However, an overview of the contract is expected by 2026.
The increase in bets will enter into force on August 1, which threatens turbulence for the global economy, although many investors believe that Trump will finally change, as happened in the past.
Although this week several countries received tariff letters, Canada – the second largest commercial partner in the United States after Mexico – became a kind of Trump antagonist: she introduced tariffs for retribution to US products and rejected the threats of the US president to transform Canada to 51.
Carney was elected Prime Minister in April and answered, noting the distance from close relations with the United States, trying to strengthen his ties with the European Union and Great Britain.
A few hours before the letter of Trump, Carney published in his photograph with his photo with the British Prime Minister Keir Stalmer, and said: “Given the problems of world trade, the world resorts to reliable economic partners, such as Canada.” That is, the United States has become unreliable from the Trump tariff tariff by a political chaotic.
Trump sends a series of tariff cards. At the moment, 23 countries have already received them from Monday.
In most cases, they are identical letters, changing only recipients and digit. Except that at present, in cases of Canada and Brazil, which were imposed by a 50% tariff against his former Jero Bolsonaro as a result of the coup. Trump was also accused of questioning the electoral result of 2020.
To date, Trump has announced trading agreements with Great Britain and Vietnam, as well as an independent agreement with China to assist commercial negotiations. Trump increased the imports of Chinese products to 145%, but after conversation Trump said that China is faced with 55%of tariffs.
