What to know about Canada-US trade war
TORONTO — Canada struck back at U.S. President Donald Trump on Tuesday with tariffs on about $20 billion worth of U.S. goods, in response to the latest round of tariffs on Canada. The outcome could resonate far beyond Canada, showing other governments whether a smaller U.S. ally can withstand Trump’s economic pressure. Canadian Prime Minister Mark Carney says U.S. demands could hollow out key…
On Tuesday, Canada responded to U.S. President Donald Trump's latest round of tariffs by imposing tariffs on approximately $20 billion worth of American goods. This move comes in retaliation to the trade war between the two nations. The response from Canada could have significant implications for other countries, demonstrating whether a smaller U.S. ally can withstand Trump's economic pressure.
Canadian Prime Minister Mark Carney expressed concern over the potential impact of U.S. demands, stating that they could weaken key Canadian industries and limit the country's independence. Trump's threats to Canada's sovereignty have garnered support from the Canadian public. Historian Robert Bothwell noted that Carney and Canada have become symbolic figures in the resistance against Trump, and his actions could serve as a cautionary example for other nations.
The retaliatory tariffs imposed by Canada target hundreds of American products, including steel, aluminum, cheese, appliances, clothing, cosmetics, and farm equipment. The tariffs are levied at rates ranging from 15 percent to 50 percent. This development highlights the escalating tensions between the two countries and the potential consequences for global trade relations.
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- What to know about Canada-US trade war koreatimes.co.kr
