The president of the United States, Donald Trump, says that his commercial war is advancing with tariffs on Canadian goods that take effect just after midnight and there is nothing that Canada can do to stop them.
Speaking to the White House journalists, Trump said that the United States has been “a laugh for years and years” and that it needs to take commercial measures against its continental neighbors.
He said that Canada has allowed the fentanil to flood the USA. Despite the data that shows that the claim is false.
“Very important, tomorrow, tariffs, 25 percent in Canada and 25 percent in Mexico, and that will begin. Then, they will have a rate,” Trump said.
When asked if there is something that Canada can do to try to stop the rates, Trump said: “There is no room for Mexico or Canada. All are established, they enter into force tomorrow.”
The Minister of Foreign Affairs, Mélanie Joly, says that she and the Minister of Finance, Dominic Leblanc, have been in contact with their American counterparts. Joly says that Canada is ready to respond with billions of dollars in retaliation rates if the president of the United States, Donald Trump, imposes his tariffs on Tuesday.
The Minister of Foreign Affairs, Mélanie Joly, said that Canada has a package of reprisal measures ready to return to Trump immediately.
“We are ready with rates worth $ 155 billion and we are ready with the first stretch of rates, which is $ 30 billion, which has already been announced,” said Joly, referring to the countermeasures who first released themselves when Trump floated his threat of rates last month.
Joly said she will meet with her cabinet colleagues tonight to discuss the country’s next steps, since she looks at the possibility of economic ruin.
“We know that this is an existential threat to us. There are thousands of jobs in Canada at stake. Now, we have done the job, we are ready, if the United States decides to launch its commercial war,” said Joly.
Economists have said a tariff that great could immerse the economy in a recession.
In a speech at the end of last month, the governor of the Bank of Canada, Tiff Macklem, warned that “the economic consequences of a prolonged commercial conflict would be serious.”
“In the pandemic, we had a strong recession followed by a rapid recovery as the economy reopened. This time, if the tariffs are durable and wide -based, there will be no rebound,” he said. “It’s more than shock, it’s a structural change.”
Ontario’s Prime Minister Doug Ford described his plan to “win this tariff war” if Donald Trump meets his threat of imposing a 25 percent rate in Canadian exports, saying that he is willing to act in a variety of problems, included, if necessary, reduce ontarium energy exports “with a smile in my face.”
The rate will make some Canadian goods less competitive because US importers will have to pay the 25 percent tax to bring them to the United States.
These aggregate costs could be transmitted to US consumers, exceeding the price of everything, from car parts and fertilizers to pharmaceutical products and paper products.
Some importers may decide to abandon certain Canadian products completely, exerting pressure on Canadian companies and the people they use.
Trump has presided over a chaotic commercial agenda with even his own main advisor, the secretary of Commerce Howard Lutnick, saying that on early Monday he was not sure of what the president would finally do with Canada.
Some of Trump’s planned rates are intended for Cajole countries to take measures on certain issues, such as drugs and migrants, while others, including those promised for March 12, are designed to torpedo the Steel and Canadian aluminum industries to take the United States back to the United States.
Trump has also asked the Commerce Department to make a total review of the country’s commercial relations and report before April 1, a study that could cause another layer of tariffs in the countries that Trump receives as cheating the United States.
Canada has been running to show Americans to take the concerns related to Trump’s border seriously.
Federal government efforts have produced results with the number of illegal intercepted migrants falling by 90 percent only in recent months.
Despite Trump’s claims, the data of Customs and Border Protection of the United States (CBP) published earlier this month show that there has also been a significant decrease in Fentanyl convulsions from Canada.
The CBP data registered a 97 percent drop in January in January compared to December 2024 on the northern border, evidence, says the Canadian government, that its border security package of $ 1.3 billion is already paying fruits.
The Canada Border Services Agency (CBSA) on Thursday that he and its law members have made significant seizures on the border as part of the “Blizzard Operation”, attracting fentanil and fentanyl pills, including two US citizens in the Windsor-Detroit tunnel that carried this month of dead drugs to kill 10,000 people.
Some prominent American voices are already talking against the president’s commercial action, including the legendary investor Warren Buffet.
Buffett, who at 94 still directs the Berkshire Hathaway conglomerate, said they are US consumers who will finally pay the price of Trump’s rates.
“We have had a lot of experience with [tariffs]. They are an act of war, to some extent, “he said in an interview with CBS News during the weekend.
“Over time, they are a tax on goods. I mean, the fairy of the tooth does not pay them,” said Buffett. “And then what? You always have to ask that question in economics. You always say: ‘And then what?'”
