War Looms rate: Trump warns more prices after Canada’s reprisals
- The 25% prices of President Donald Trump on Canadian imports prompted Canada to impose reciprocal prices on American products, triggering a trade conflict between the two nations.
- Prime Minister Justin Trudeau approached Trump directly, calling the prices of “a very stupid thing to do”, and warned potential market instability and job losses in the United States.
- Trump responded to Trudeau’s comments threatening to increase prices in response to Canada’s reprisal measures, highlighting the potential for additional trade tensions.
- Several Canadian ministers, including Doug Ford of Ontario and Danielle Smith of Alberta, have expressed their support for Trudeau’s reprisal measures and have threatened their own actions against the United States, such as export charges and potential energy cuts.
- Prices are expected to affect the American energy sector, with potential oil and higher gas prices for American consumers due to the high dependence on Canadian imports by American refineries.
President Donald Trump warned Prime Minister Justin Trudeau Reprisal measures would cause even higher reciprocal prices in the United States.
At a Trudeau press conference on Parliament’s hill on March 4, he criticized the new prices of 25% of Trump on Canadian imports, which entered into force at midnight. Trudeau has announced that Canada would impose a 25% levy on billions of dollars in American products, with additional prices expected by the end of March. (In relation: Trudeau degenerates the trade war with us, imposes prices of 25% out of $ 155 billion in American products.)
Trudeau then accused Trump of instability and market inflation, saying that thousands of American jobs would suffer from prices. “We do not want this. We want to work with you as ani and ally and we do not want to hurt you either,” said Trudeau, flanked by the Minister of Foreign Affairs Mélanie Joly and the Minister of Finance Dominic Leblanc.
His comments took a personal turn when he directly approached Trump by his first name, saying: “Now, it is not in my habit of agreeing with the Wall Street JournalBut Donald, they point out that even if you are a very intelligent guy, he is a very stupid thing to do. “”
In response, Trump warned against growing trade tensions on his social platform for truth. “Please explain to the Governor Trudeau in Canada that when he puts a reprisal rate in the United States, our reciprocal rate will immediately increase a similar amount!” He posted.
The Canadian Prime Ministers are restoring Trudeau on his reprisal measures against Trump’s price
Trudeau’s criticism on new 25% prices ignites Rapid and severe reprisal measures of several Canadian ministers.
For example, Ontario Prime Minister Doug Ford threatened to impose export fees On the power sold in the United StatesPotentially cut energy supplies to more than a million American customers.
Ford has declared its will to “fight like never before” and alluded to potential reprisals, in particular by imposing export costs on energy sold in the United States or even by cutting energy supplies on more than a million American customers. He highlighted the importance of using all the tools available to counter what he perceives as the deterioration of the Canadian-American relationship formerly strong under the direction of Trump.
He also called on the American legislators, in particular the Republicans, to challenge Trump’s policies and urged American voters to hold Trump in charge in the next mid-term elections.
Meanwhile, Alberta Prime Minister Danielle Smith expressed her disappointment and concerns about Trump’s decision to impose Canadian oil and gas prices, describing him as betrayal and illegal decision that the province is questioning. She noted that these prices, even at a rate of 10%, will inevitably increase oil and gas prices for American consumers, despite Trump’s intentions.
Smith stressed that Midwest American refineries are based strongly on the heavy crude of Alberta, which the United States cannot produce sufficient quantities to meet demand. Consequently, Canada is the largest foreign oil supplier in the United States, US consumers will ultimately face higher prices for the pump.
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