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News in English (USA) / 23.01.2025 / 21:00

Tensions Rise as Trump Threatens Tariffs on Canada and Mexico

As the potential for a trade war looms, Canada has offered assistance to the Trump administration in a bid to avoid the imposition of tariffs. Trump has threatened to introduce significant tariffs on goods from Canada and Mexico starting February 1, raising concerns about their economic impact. Canadian Prime Minister Justin Trudeau has stated that Canada is ready to respond to these threats, while a recent survey indicates that 77% of Canadians favor an immediate election to give a new government a strong mandate to deal with the situation. Experts are weighing the effects of these tariffs, questioning whether they will raise prices for consumers and potentially damage economies across North America. Amidst this uncertainty, businesses are bracing for potential fallout as negotiations on trade agreements persist.
BBC.com, Newsweek, The New York Times, The Washington Post, Tax Foundation, Forbes, Ipsos in Canada, Financial Post, The New Yorker, Chicago Tribune