WASHINGTON: President Donald Trump intensified his trade dispute with Canada, announcing increased tariffs and harsh economic measures.
Electricity Dispute
Trump questioned why the U.S. relies on Canada for electricity.
He criticized past leaders for allowing such dependence.
Trump accused Canada of using electricity as a “bargaining chip.”
He claimed this decision affects the lives of innocent Americans.
Trump vowed Canada would face severe financial consequences.
Tariffs on Metals
Trump announced higher tariffs on Canadian steel and aluminum.
Tariffs will rise from 25% to 50%, effective March 12.
He called Canada one of the world’s worst tariffing nations.
Trump said this move is necessary to protect American industries.
The decision is expected to impact Canada’s economy significantly.
Dairy Trade Conflict
Trump demanded Canada remove its high tariffs on U.S. dairy products.
Canadian tariffs on dairy range from 250% to 390%.
He described these policies as abusive toward American farmers.
Trump warned of further economic retaliation if Canada refuses.
He emphasized the need for fair trade agreements.
Automobile Industry Threat
Trump threatened to increase tariffs on Canadian cars by April 2.
He claimed this move could destroy Canada’s auto industry.
Trump insisted that cars can be built in the U.S. instead.
He framed this as a way to strengthen the American economy.
This proposal could lead to significant job losses in Canada.
Security Costs Criticism
Trump accused Canada of contributing little to its own defense.
He claimed the U.S. subsidizes Canada’s security by $200 billion yearly.
Trump questioned why America continues covering these costs.
He suggested Canada is taking advantage of U.S. military support.
Trump argued that this imbalance must end.
Proposal for Statehood
Trump suggested Canada should become the U.S.’s 51st state.
He argued statehood would eliminate tariffs and lower Canadian taxes.
He claimed it would strengthen security and economic stability.
Trump said this move would create the strongest nation in history.
He insisted the Northern Border would no longer be an issue.
Market Reactions
Trump’s announcement caused immediate economic concerns.
The Toronto Stock Exchange saw sharp declines.
The Canadian dollar weakened against the U.S. dollar.
The S&P 500 also dropped as investors reacted.
Economists warned of potential economic instability.
Uncertain Economic Future
Experts warned that Trump’s tariffs could harm both economies.
Businesses in both countries fear supply chain disruptions.
Auto manufacturers expressed concerns over production costs.
Some companies are reconsidering investment plans.
Long-term economic effects remain unclear.
Political Responses
Canadian officials strongly condemned Trump’s threats.
Ontario Premier Doug Ford vowed to resist U.S. pressure.
Several U.S. lawmakers criticized Trump’s aggressive stance.
Others supported his push for stronger trade deals.
Diplomatic talks may be needed to prevent further escalation.
Future of U.S.-Canada Trade
Relations between the two countries remain tense.
Both sides face pressure to resolve these trade conflicts.
More retaliatory tariffs could follow if no agreement is reached.
Observers urge both governments to seek negotiations.
The coming weeks will shape the future of U.S.-Canada trade.
