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Canada imposed counter-tariffs, what will be the impact on the world economy.
The issue was not limited to verbal threats. Mexico and Canada could not come up with an acceptable solution even within the deadline of one month given by US President Donald Trump. From Tuesday, Trump imposed a 25 percent tariff on all products from Mexico and Canada. Canada also retaliated with tariffs.
Warren Buffett, one of the richest people in the world, and several world-renowned figures in the industry and market research organizations say that Trump's imposition of tariffs is another kind of war. BBC and CNN news.
According to experts, the seeds of the trade war which was feared in the world during the second term of Trump, were sown by the imposition of increased tariffs on China on February 4. The cycle was completed with the imposition of tariffs on Mexico and Canada.
Canadian Prime Minister Justin Trudeau has announced that they will not hesitate to throw jute instead of bricks, that 30 billion Canadian dollars worth of goods coming from the United States to their country will be subject to a 25 percent tariff from that day. The remaining 125 billion or 12,500 billion Canadian dollars worth of goods imported from the United States to Canada will also be subject to a 25 percent tariff starting March 25.
#news #trump #GT 2024 Q4 Burn Completed #White House Crypto Summit #Crypto Market Rebounds