The trade war is rising? Trump says that Canada “is our torn,” the eyes of a new tariff on dairy, wood
On Friday, US President Donald Trump threatened to impose it Mutual definitions On Canadian dairy and wood products, rise Tensions A few days after some imports are temporarily exempted under the Trade Agreement in North America.
“Canada has for years to tear us on the customs tariff for wood and dairy products,” Trump said, adding that the United States will impose an identical tariff unless Canada has brought its restrictions. “We may do this early today, or we will wait until Monday or Tuesday.”
This warning comes after the Trump administration imposed a tariff of up to 25 % on imports from Canada and Mexico earlier this week, before a temporary delay was given on Thursday. However, Trump indicated that future increases were possible, as Fox Business told “the definitions could rise over time.”
White House Trade Adviser Peter Navarro defended Trump’s approach, saying: “Understanding is created the fact that people do not take President Trump with his word.”
Despite some exemptions under the United States, Mexico and Cananga agreement (USMCAA White House official confirmed that 62 % of Canadian imports and 50 % of Mexican imports will still face new fees, mainly on energy resources.
Economists warn that the wide customs tariff can affect growth and a sense of consumers, but Trump is still firm for his position: “This is not fair. It was never fair, and they dealt with our farmers badly.”
The potential tariff adds to the ongoing trade conflicts between neighboring countries, as the markets are closely seen by Washington.
