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2025-03-04 0
CANADA SHOULD feel the pain of sanction ----------- if there are n no winners in trade wars -- then reflect that on Rusia
2025-03-04 0
if theres no winners in a trade war why play the tit for tat?
2025-03-04 0
There are no winners in trade war - This is correct. But there are losers in trade war - Consumers
2025-03-04 0
Trudeau is not very smart. He says there are no winners in a trade war. If he decides to have one, it is the U.S. who is easily going to come out on top. This may be the preparation to do what's right. He knows President Trump is right. If they charge 15% tariff so will we. That's only fair. We aren't charging more, just lets be on a level playing field.
2025-02-03 0
US trade war, and the winner is China
2025-02-03 0
Trump says EU tariffs will ‘definitely happen’ as Mexico, Canada and China retaliate \nTrump takes softer line on UK, saying ‘I think that one can be worked out’, while Mexico and Canada vow levies and to strengthen ties with each other \n \nPhilip Wen, Léonie Chao-Fong and agencies \nMon 3 Feb 2025 03.57 GMT \nShare \nDonald Trump has threatened to widen the scope of his trade tariffs, repeating his warning that the European Union – and potentially the UK – will face levies, even as he conceded that Americans could bear some of the economic brunt of a nascent global trade war. \n \nIt comes as Trump’s tariffs on Mexico, Canada and China, announced on Saturday, sparked retaliation from all three countries. Mexico and Canada have vowed levies of their own while China and Canada are seeking legal challenges. \n \nTrump said on Sunday night that new tariffs on the EU will “definitely happen”, repeating previous complaints about the large US trade deficit with the bloc and his desire for Europe to import more American cars and agricultural products. \n \nEmpty shelves remain with signs ''Buy Canadian Instead'' after the top five US liquor brands were removed from sale at a British Columbia liquor store in Vancouver. \nAsian sharemarkets tumble in response to Trump tariffs \nRead more \n“It will definitely happen with the European Union, I can tell you that,” he told reporters. “I wouldn’t say there’s a timeline but it’s going to be pretty soon.” \n \nTrump appeared to take a softer line on the UK, citing a good relationship with prime minister Keir Starmer while saying tariffs still “might happen”. “The UK is out of line but I’m sure that one, I think that one can be worked out,” he said. \n \n“Well Prime Minister Starmer’s been very nice, we’ve had a couple of meetings, we’ve had numerous phone calls, we’re getting along very well, we’ll see whether or not we can balance out our budget.” \n \nIn Canada, the department of finance published a list of US products imported into Canada that it will target with a 25% retaliatory tariff starting on Tuesday. \n \nThe list shows products that will be hit in the first round of retaliatory tariffs by Canada starting on Tuesday, and mounts to $30bn Canadian dollars’ worth of goods (about US$20bn). The impacted products include tobacco, produce, household appliances, firearms and military gear. \n \nCanada is also preparing for a second, broader round of retaliatory tariffs in 21 days that will target an additional C$125bn (US$86bn) worth of US imports. The second list would include passenger vehicles, trucks, steel and aluminum products, certain fruits and vegetables, beef, pork, dairy products and more. \n \nFILES-US-CANADA-MEXICO-CHINA-TRADE-TARIFFS<br>(FILES) US President Donald Trump speaks to the press after signing an executive order in the Oval Office of the White House in Washington, DC on January 31, 2025. Trump is imposing steep tariffs on major US trading partners Canada, Mexico and China, with a lower rate on Canadian energy imports, said the White House on February 1, 2025. Washington will impose a 25 percent levy on imports from Canada and Mexico, with a 10 percent rate on Canadian energy resources, until both work with the United States on drug trafficking and immigration. Goods from China, said the White House, would face 10 percent tariffs. (Photo by Mandel NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images) \nTop Democrats warn tariffs will hit Americans hard as Trump says it’s ‘worth the price’ \nRead more \nClaudia Sheinbaum, Mexico’s president, said her government will provide more details on the retaliatory tariffs she ordered on US goods on Monday. Sheinbaum, in a statement on Sunday, said she will announce details on her government’s “plan B” as she insisted that Mexico “doesn’t want confrontation”. \n \n“Problems are not addressed by imposing tariffs, but with talks and dialogue,” she said. “Sovereignty is not negotiable: coordination yes, subordination no.” \n \n'Coordination yes, subordination no': Mexican president responds to Trump's tariffs – video \nSheinbaum and Canadian prime minister Justin Trudeau spoke by phone on Saturday after Trump’s administration imposed the new tariffs – 25% on goods from Canada and Mexico, with a lower rate of 10% for Canadian oil, and 10% on imports from China. \n \nTrudeau’s office said in a statement that Canada and Mexico agreed “to enhance the strong bilateral relations” between their countries. Canadian officials have had extensive dialogue with their Mexican counterparts, but a senior Canadian official said he would not go as far as to say the tariff responses were coordinated. \n \n“Now is the time to choose products made right here in Canada,” Trudeau posted Sunday on X. “Check the labels. Let’s do our part. Wherever we can, choose Canada.” \n \nTrump acknowledged the sweeping tariffs he has imposed on Mexico, Canada and China may cause “short term” pain for Americans as global markets reflected concerns the levies could undermine growth and reignite inflation. Asian markets, cryptocurrencies and US and European stock futures slumped in early Asian trading on Monday. \n \n“We may have short term some little pain, and people understand that. But long term, the United States has been ripped off by virtually every country in the world,” he said. day, Trudeau said: “We’re certainly not looking to escalate, but we will stand up for Canada.” However on Sunday evening, a senior government official from Canada briefing reporters in Ottowa on condition of anonymity said: “We will obviously pursue the legal recourse that we believe we have through the agreements that we share with the United States.” \n \nThe official said the Canadian government considered the move by Trump illegal and said it violates the trade commitments between the two countries under their free trade agreement and under the World Trade Organization. \n \n“If other legal avenues are available to us, they will be considered as well,” the official said. \n \nCanada is the largest export market for 36 states, and Mexico is the largest trading partner of the US. \n \nCanada and Mexico ordered the tariffs despite Trump’s further threat to increase the duties charged if retaliatory levies are placed on US goods. \n \nChina also said it would file a lawsuit against the tariffs. The imposition of tariffs by the US “seriously violates” World Trade Organization (WTO) rules, China’s commerce ministry said in a statement, urging the US to “engage in frank dialogue and strengthen cooperation”. \n \nFiling a lawsuit with the WTO would be a largely symbolic move that Beijing has also taken against tariffs on Chinese-made electric vehicles by the EU. \n \nThe commerce ministry also said the tariffs were “not only unhelpful in solving the US’s own problems, but also undermine normal economic and trade cooperation”. China has said it would take countermeasures to “safeguard its own rights and interests”. It is not clear exactly what form these will take yet. But for weeks Chinese foreign ministry spokesperson Mao Ning has said Beijing believes there is no winner in a trade war. \n \nLate Sunday night, Trump said he would speak with Trudeau on Monday morning and shortly after said he would speak with Mexico as well, although he did not specify that he would speak with Sheinbaum. \n \nBeyond the official response, people were already thinking of ways to cope with Trump’s decision, including by sharing suggestions on social media for alternatives to US products. \n \nCanadian hockey fans booed the US national anthem on Saturday night at two National Hockey League games. The booing continued on Sunday at an NBA game in Toronto where the Raptors played the Los Angeles Clippers. \n \nFrom left to right, Toronto Raptors forwards Bruce Brown, Scottie Barnes and Chris Boucher react as fans boo the United States national anthem before NBA basketball game action against the Los Angeles Clippers in Toronto, Sunday, Feb. 2, 2025. (Frank Gunn/The Canadian Press via AP) \nToronto Raptors fans boo US national anthem after Donald Trump tariffs \nRead more \nOne fan at the Raptors game chose to sit during the anthem while wearing a Canada hat. Joseph Chua, who works as an importer, said he expects to feel the tariffs “pretty directly”. “I’ve always stood during both anthems. I’ve taken my hat off to show respect to the American national anthem, but today we’re feeling a little bitter about things,” he said, adding that he will start to avoid buying US products. \n \nIn the streets, people in Mexico were trying to absorb the announcement on Sunday, although some in the capital acknowledged that they were unaware of the measures. \n \nIn the border city of Mexicali, across from Calexico, California, some people were concerned about the wider implications of a trade war. \n \nDriver Alejandro Acosta says that he crosses the border weekly in his truck to deliver vegetables to US companies. He said he fears US businesses in the Mexicali Valley will no longer want to operate in Mexico and they will move to the US. \n \n“If they raise taxes on the factories here, jobs may also decrease,” he said.
2025-02-02 0
With reciprocal tariffs of 25%, the US is the winner, having a trade deficit of about 55 billion dollars in 2024 with Canada. That is, exports of Canadian products to the US are significantly higher than imports of US products to Canada.
2025-02-02 0
There are so many countries that are willing to trade with the US and will replace Canada and Mexico.Why do you think Trump didnt put tariffs on Europe straight away?\nThe small European countries are the winners and their trade with the USA will increase dramatically. And the products will still be chealer than those from Canada.
2025-02-01 0
The winner of this war will be whoever can replace their trade bazaar with others faster and better. Europeans and Asians should see the opportunity to trade and fill the gap of the US for Canadian Market. Canada has enourmous capacities that no one should hesitate. I would visit Ottowa first thing in the morning if I was a president of any European or exporter countries of Asia.
2025-01-26 0
There are no winners in trade wars….
2022-08-28 0
This video may aimed to build awareness on fact about Canada as you both saw it but researching things about why things are the way they are would have been more informative than what sound basic and speculative and not absolutely hung on facts like when Canada provide World class infrastructure at bear minimum cost is directly the trade off on earnings. Certain service oriented employment are not big earners and for immigrants that are non professionals it is not the right country to migrate to after you did so now you are doing the first work after you find yourself there. Pls research and inform immigrants of a well paying jobs in Canada and you just got yourself a winner.
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