Donald Trump On Canada Tariff: Ever since Donald Trump became President, the proposal to impose 25 percent tariff on imports from Canada and Mexico has been in discussion. This step of Trump has been taken as part of the change in America’s trade system, the purpose of which is to give priority to the safety of American citizens and families. After this proposal, Canada has given a sharp reaction to it, which is likely to increase tension in trade relations between the two countries.
After taking the oath of office, Donald Trump indicated that he would soon make changes in America’s business system. He said that America will not make other countries rich by taxing its citizens, but there is a plan to fill the American treasury by imposing tariffs on other countries. In the Oval Office, he said that imposing 25% tariff on Mexico and Canada is being considered and this step may come into effect from February 1. This statement has created a stir in Canada and Mexico.
Canada’s response
Canada’s Finance Minister Dominic LeBlanc and Foreign Minister Mélonie Jolie have expressed concern over Trump’s statement. Mélonie Joly said Canada will continue to work to stop the tariffs and is prepared to respond if they are implemented. Finance Minister LeBlanc said that Canada is fully prepared for Trump’s unexpected actions.
usa canada trade relations
One-fourth of America’s oil consumption comes from Canada. Alberta exports 4.3 million barrels of oil per day to the US. In addition, Canada provides approximately 3.6 billion Canadian dollars worth of goods and services to 36 US states every day. Despite these trade ties, Trump’s statement that America does not need oil or anything else from Canada could further strain relations between the two countries.
Also read: From Benjamin Netanyahu to Volodymyr Zelensky, what leaders around the world said after Donald Trump’s inauguration
