Canada Willing to Remove Tariffs on U.S. Goods At One Condition
The statement from the Canadian Premier comes as U.S. President Donald Trumps administration prepares to announce new import taxes in an effort to balance trade. Ford expressed his dissatisfaction with Trumps tariff policies, asserting that the only acceptable outcome would be zero tariffs between the two countries.
Trumps Aggressive Economic Approach Continues
Since returning to the White House, President Trump has escalated his use of tariffs as a primary tool in foreign policy. Initially targeting the BRICS countries with heavy duties in retaliation for their de-dollarization efforts, Trump has now turned his attention to his North American allies. The upcoming global reciprocal import taxes, set to be implemented by the U.S., are expected to spark widespread international responses.
Canadas Retaliatory Measures and U.S. Response
Ford has emphasized that Canada is prepared to respond with significant retaliatory tariffs, which could amount to $65 billion. He warned that such a move would hurt both countries, but Canada feels it has no choice but to stand firm. While nations like Israel and India have already removed tariffs in anticipation of Trumps actions, Canada is holding out for a fair resolution, urging the U.S. to match its willingness to remove tariffs in exchange for the same.
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