Ottawa:
Canada’s foreign minister said Friday that Americans will be affected by a “Trump tariff” if the next U.S. president raises tariffs on Canadian goods, pledging a tough response in any trade war.
Donald Trump, who returns to the White House next week, said he plans to impose a 25% tariff on Canadian imports as part of an economic and foreign policy plan that also targets Mexico, China and other trading partners. .
“This will be the biggest trade war between Canada and the United States in decades,” Foreign Affairs Minister Mélanie Joly said. “The United States is going to start a trade war against us. We are prepared to apply maximum pressure,” he said at a news conference in Washington.If President Trump carries out his threat, Canada will He added that a series of measures were being prepared. Significant impact on Canadian consumers and employment. ”
Ottawa is considering raising tariffs on products from the United States, including steel products, ceramics such as toilets and sinks, glassware and orange juice, and could extend them, government officials told AFP. as the first stage of tariffs.
Outgoing Prime Minister Justin Trudeau said: “We will take a strong and clear stand to protect Canada and Canadians.”
“The proposed tariffs would jeopardize American jobs, raise prices for American consumers, jeopardize our collective security, and raise costs across the continent.”
One of Scotiabank’s scenarios suggests the trade war could reduce Canada’s GDP by more than 5%, significantly increase unemployment and accelerate inflation.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
