5 hours ago
Last Updated:March 04, 2025, 23:36 IST
Donald Trump threatened to raise tariffs on Canadian goods after Canada imposed 25 percent tariffs on US products. Trudeau criticized Trump's trade war, and global markets fell sharply.
A furious Trudeau accused Trump of trying to cause the collapse of Canada's economy to make it easier for the United States to annex his country, and blasted Washington for targeting a close ally while "appeasing" Russia over Ukraine. (AP file)
Donald Trump threatened Tuesday to raise tariffs on Canadian goods further to match retaliation by Ottawa, hours after slamming 25 percent duties on all products from the United States’ northern neighbor.
“Please explain to Governor Trudeau, of Canada, that when he puts on a Retaliatory Tariff on the U.S., our Reciprocal Tariff will immediately increase by a like amount!" Trump wrote in a post on his Truth Social platform, after Prime Minister Justin Trudeau announced 25 percent tariffs on US goods in retaliation.
Canadian Prime Minister Justin Trudeau launched a stunning attack on Donald Trump’s “dumb" trade war as huge US tariffs kicked in against Canada, Mexico and China on Tuesday, sparking angry and immediate retaliation from all three.
A furious Trudeau accused Trump of trying to cause the collapse of Canada’s economy to make it easier for the United States to annex his country, and blasted Washington for targeting a close ally while “appeasing" Russia over Ukraine.
Mexican President Claudia Sheinbaum said she would lay out her country’s response on Sunday.
Global markets fell sharply in response to the escalating trade war, with the S&P 500 — a major Wall Street index — extending recent losses to erase all of its gains since Trump’s US election victory in November.
Trump had announced — and then paused — blanket 25 percent tariffs on imports from major trading partners Canada and Mexico in February, accusing them of failing to stop illegal immigration and drug trafficking.
He pushed ahead with them Tuesday, citing a lack of progress on both fronts. And after Canada retaliated, Trump quickly threatened to hit Canada again.
The sweeping duties will hit over $918 billion in US imports from both countries, affecting everything from avocados to the lumber crucial for building US homes, and hampering supply chains for key sectors like automobiles.
Trump also inked an order Monday to increase a previously imposed 10 percent tariff on China to 20 percent — piling atop existing levies on various Chinese goods.
Beijing condemned the “unilateral imposition of tariffs by the US," filing a complaint with the World Trade Organization and threatening to impose 10 and 15 percent levies on a range of agricultural imports from the United States.
(This story has not been edited by News18 staff and is published from a syndicated news agency feed - AFP)Location :Washington D.C., United States of America (USA)
First Published:March 04, 2025, 23:36 IST
News world 'Please Explain To Governor Trudeau...': Trump Vows Further Tariffs For Canada Retaliation
