Canada-as trade war: The trade war (trade war) between the US and Canada has intensified. After increasing global duty on steel and aluminum imports on behalf of the Donald Trump administration, Canada retaliated and announced a 25% counter-tariff on C $ 30 billion ($ 20.8 billion) US items.
Canadian Finance Minister Dominic Labtle said that consumer goods like steel and aluminum products of America as well as computer and sports goods will also be targeted. According to Bloomberg’s report, the new fee matches the “dollar for dollars” of the US tariff and will be implemented on Thursday 13 March 2025 at 12:01 am.
Canadian Foreign Minister Melani Jolie Jolie’s statement
External Affairs Minister Melani Jolie said, “These US tariffs are unfair. We have to fight against this nonsense.” According to Bloomberg’s report, Canada has taken this step on the principle of “Dollar for Dollar”.
Trump threatened to increase tariff by 50%
Let us know that Donald Trump had announced to double the American tariff on steel and aluminum on Tuesday 11 March 2025. Trump said on Truth social post, “I have instructed my Commerce Secretary to impose 50% tariff on all steel and aluminum coming from Canada.”
Canada’s automobile sector warns
Trump further said, “If Canada does not remove its tariffs, I will increase the tariff on cars coming in the US from April 2. This can permanently shut down Canada’s automobile industry.”
Effect of trade war
Stress in America-Canada relations with trade war is at its peak. Steel, aluminum and automobile sector may be affected. Also, business talks between the two countries can be more difficult. Although Canada has announced to raise the issue in the G7 meeting, the increase in American tariffs may affect the Canadian economy. Trade talks and diplomatic efforts may increase in both countries.
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