Author: ROB GILLIES Associated Press, ABC News
Published on: 06/03/2025 | 15:18:00
AI Summary:
Canada’s initial $30 billion Canadian (US$21 billion) worth of retaliatory tariffs have been applied on items like American orange juice, peanut butter, coffee, appliances, footwear, cosmetics, motorcycles and certain pulp and paper products. Finance Minister Dominic LeBlanc said Canada has suspended a second wave. Ottawa had planned a further $125 billion in tariffs in three weeks. British Columbia Premier David Eby said his province will introduce legislation in coming days that would give it the ability to levy fees on commercial trucks traveling from the United States through the province to Alaska. He said Canadians won’t let up until tariffs are taken off the table. Canadian Prime Minister Justin Trudeau said earlier Thursday that he expects Canada and the U.S. To be in a trade war for the foreseeable future. Trump launched a trade war by imposing tariffs against Washington’s three biggest trading partners. A day after the new tariffs took effect, Trump had said he would grant a one-month exemption for U.S. Automakers. The announcement came after Trump spoke Wednesday with leaders of Ford, General Motors and Stellantis.
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This is the correct approach.
As we’ve just seen President Shitzhizpants doesn’t really understand what it takes to play hardball. His threats have proven to be empty as he “postpones” tariffs for a second time with his most important trading partners. I’m sure the stock market starting to tank helped make his mind up…
