Zorlu trade retaliation from Canada, China Show Challenge is ahead for Trump Team
Washington – Canada will begin to apply 25% tariff Choose US car imports Increasing tensions between Wednesday, Washington and Ottawa as the rest of the world is struggling with President Trump’s ongoing global economic order.
Canada’s movement came hours after Beijing’s promise. China “will fight to the end” On the tariff policy in which Trump administration attempts to the world “blackmail”. On Wednesday, all products imported from China to the United States will face a 104%mission.
News caused another day Sunday turmoilDow Jones starts with the industrial average, standard & Poor 500 and Nasdaq with promising rallies disappeared by the closing bell.
Two of America’s largest trade partner – a friend, an enemy – steps, sampling the challenges for the Trump administration, which said that the policy of comprehensive global tariffs in almost every country in the world would remain in place. Authorities said that direct negotiations with trade partners can lead to new trade agreements that will increase or mitigate certain limitations potentially.
Prime Minister Mark Carney said on Tuesday, Canada’s new tariffs will enter into force at 12: 01 in the content of non -US -compatible vehicles and cusma -compatible vehicles that are not from Canada or Mexico. Cusma, which is called USMCA in the United States, refers to a trade agreement negotiated between Canada, the United States and Mexico during the first Trump administration.
Trade War is already echoing in the car industry with Jaguar, Land Rover and Audi Export stops to the United Statesand US -based Stellantis, which produces brands such as Chrys, Dodge and Jeep, announced 900 temporary dismissal tour in five US plants.
“President Trump caused this trade crisis,” Carney said in a statement Published X. “Canada is the purpose and forcibly responds.”
Trump said to journalists on Tuesday that he was “very successful in making special agreements with countries around the world, and more than 70 countries have reached the White House to start negotiations. The United States “added almost in 2 billion dollars per day for tariffs. “
However, Trump said he expected to start with China, the third largest US trade partner after Canada and Mexico. On Wednesday, if the management does not remove 34% tariffs against China, Trump will proceed with the threat of stacking 50% more tariffs.
Shortly after taking office, Trump announced a 20% tariff against China and complained that the Asian nation forced Fentanyl to transfer Fentanyl to the country. Trump, which was called “Day of Liberation ası as part of sweeping tariffs last Wednesday, released 34% more tariffs against the country.
White House officials continued to defend tariffs as the final leverage and forced other countries to negotiate with the President. White House Press Secretary Karoline Leavitt He repeated on Tuesday, “phones play from global leaders from hook” and hoped to end crippled taxes.
“Because the world knows that they need the United States. They need our markets. They need our consumers, Le said Leavitt. “There are too many leverage next to the president.”
China is not only the world’s largest trading partner, but also the provider of many Americans trusted – from iPhone components to cheap clothes. Already, members of Trump’s inner environment – and the wider Republican Party – question the tactics of the president.
Elon Musk, the richest man in the world, who has a close consultant of the President and a few businesses in China, has recently complained about the tariffs in X’s X. Trump’s trade adviser Peter Navarro’yu, the President of the President of the “more than a sack of bricks” he called.
“Navarro is really an idiot,” Musk published. “What he says here is clearly wrong.”
Some Republican MPs, including leading GOP senators, initially responded to the policy change with a draft legislation that would re -control congress on the tariff policy. However, the senate majority leader from South Dakota threw cold water on the expectations of the bill on Monday.
Orum I don’t think this has a future, Thunde Thune said. “He stated that the president would be veto.
The lack of congress action leaves countries around the world with other options other than directly negotiating with Trump administration. Nevertheless, it is unclear how Trump will think of sufficient for success in any bilateral agreement, and it is much less to see if a common standard will emerge for countries entering the meeting.
Israeli Prime Minister Benjamin Netanyahu, who was sitting in the Oval office on Monday, said to the President of the President, “We will eliminate the trade deficit with the United States,” he said. Israel was apparently hit by the Trump administration with a 17% tariff ratio on the trade deficit of the country with Washington.
Netanyahu, “We plan to do this very quickly – we think this is the right thing – and we will eliminate trade barriers,” he said. “I think Israel can be a model for many countries that need to do the same.”
And nevertheless, in response to the question of a reporter, Trump would not undertake to remove the new tariff rate on Israel even if he fulfilled his promise of Netanyahu. “Maybe not, Tr Trump said.
“Remember, we help Israel a lot, Tr Trump added. “We give Israel 4 billion dollars a year, this is a lot.”
Explanations suggested that negotiations with the trade partners with the case will include other issues that are not related to foreign aid, military aid and economic policy that may not be related to the policy of foreign aid, military aid, military aid, and even beyond trade deficits.
In an interview with Fox News on Tuesday, the administration of the National Economic Council Director of Trump said in an interview with FOX News on Tuesday.
“Actually, logistics, quite challenging,” he added.
Trump announced a 10% basic tariff rate for almost all countries last week. Based on the belief that the president is unjustly treated to the United States, new import tasks for countries with higher, customized tariff rates are planned to enter into force on Wednesday morning. Russia was not included in the list.