Tensions rise over US tariffs on Canada as Ottawa imposes counter-tariffs. Countries like the EU respond, while Japan and South Korea hesitate. Canadian leaders reflect growing public frustration over US aggression and the need for urgent negotiations to amend the USMCA trade deal.
Recent tensions between the United States and Canada have escalated over tariffs imposed by President Trump, drawing responses from Canada and the European Union. Canada announced new tariffs on C$30 billion worth of US goods, while the EU threatened countermeasures against US imports valued at €26 billion. Counter-responses from Japan and South Korea have remained minimal, indicating a strategic pause in immediate retaliation.
The article highlights the volatile trade relations between Canada and the United States stemming from tariff disputes initiated by Trump. The Canadian response includes retaliatory tariffs and diplomatic messaging to both the US and other nations. Modifying strategies in trade negotiations appears essential for Canada, emphasizing the need to renegotiate the terms of the USMCA effectively. With various international stakeholders watching, the dynamics of these tensions will likely influence broader trade policies.
Original Source: m.economictimes.com
