Stats: 3,227,558 members, 8,070,762 topics. Date: Wednesday, 05 February 2025 at 09:58 AM |
Nairaland Forum / Nairaland / General / Politics / Foreign Affairs / Trade War: Canada, Mexico & China Vow Retaliatory Moves Over Trump's Tariffs (19548 Views)
70 Israelis Confirmed Dead As Israel's Retaliatory Strikes Kill 198 / Trump Threatening A Damaging New Trade War With The United Kingdom After Brexit / Iran Identifies 35 US Targets For Retaliatory Strikes After Soleimani's Death (2) (3) (4)
(1) (2) (3) (4) (5) (6) (7) (Reply) (Go Down)
Trade War: Canada, Mexico & China Vow Retaliatory Moves Over Trump's Tariffs by fergie001: 8:02am On Feb 02 |
United States President , Trump posted on social media that the tariffs were necessary “to protect Americans,” pressing the three nations to do more to curb the manufacture and export of illicit fentanyl and for Canada and Mexico to reduce illegal immigration into the U.S. The action fulfilled one of Trump’s commitments to voters but threw the global economy and Trump’s own political mandate to lower prices into turmoil. Trump’s order includes a mechanism to escalate the rates charged by the U.S. against retaliation by the other countries, raising the specter of an even more severe economic disruption. President Donald Trump is taking decisive action to protect Americans from the fentanyl crisis. Fentanyl is the leading cause of death for Americans ages 18 to 45. The White House CANADA, MEXICO & CHINA respond:
Justin Trudeau Outgoing Prime Minister of Canada In response to the American tariffs, I have directed government and crown agencies to exclude US suppliers from any new purchasing or procurement agreements. If America thinks tariffs will crush the resolve of Canadians – they’re wrong. David Eby Premier, Province of British Columbia, Canada We categorically reject the White House's slander against the Government of Mexico of having alliances with criminal organizations, as well as any intention to interfere in our territory. Claudia Sheinbaum Pardo President of Mexico At about 8 p.m. Eastern Time on February 1, the White House released a fact sheet and announced an additional 10% tariff on Chinese products exported to the United States due to issues such as fentanyl. China is strongly dissatisfied with this and firmly opposes it. China's Ministry of Commerce In his reaction, the Governor of Texas, Greg Abbott responded to Trudeau's, press conference; Careful Trudeau. Governor of Texas 21 Likes 2 Shares
|
Re: Trade War: Canada, Mexico & China Vow Retaliatory Moves Over Trump's Tariffs by Acekidc4(m): 8:05am On Feb 02 |
Big baby Trump in the Mud, China will show him pepper. 111 Likes 15 Shares |
Re: Trade War: Canada, Mexico & China Vow Retaliatory Moves Over Trump's Tariffs by DrAda(f): 9:54am On Feb 02 |
I pity the consumers 50 Likes 6 Shares |
Re: Trade War: Canada, Mexico & China Vow Retaliatory Moves Over Trump's Tariffs by Okaynaw: 9:54am On Feb 02 |
Trump is here to stay 26 Likes 4 Shares |
Re: Trade War: Canada, Mexico & China Vow Retaliatory Moves Over Trump's Tariffs by iichidodo: 9:54am On Feb 02 |
If Canada and Mexico should team up, it will have devastating consequence to the American economy with China at the background to dominate the world economy and tech... 107 Likes 13 Shares |
Re: Trade War: Canada, Mexico & China Vow Retaliatory Moves Over Trump's Tariffs by Houseofglam7(f): 9:54am On Feb 02 |
What a time to be alive!!!😂😂😂😂😂 57 Likes 8 Shares |
Re: Trade War: Canada, Mexico & China Vow Retaliatory Moves Over Trump's Tariffs by Fuckyoumod: 9:55am On Feb 02 |
China can manipulate their economy to survive,but I pity Canada and Mexico. Trump wants fair trade and balance in trade. If he does fight now, Americans will become consumers like Nigerians in the next decade. 40 Likes 4 Shares |
Re: Trade War: Canada, Mexico & China Vow Retaliatory Moves Over Trump's Tariffs by phr0nesis(m): 9:55am On Feb 02 |
All Tinubu shills hating on Trump, while their god is here messing up the country 13 Likes 1 Share |
Re: Trade War: Canada, Mexico & China Vow Retaliatory Moves Over Trump's Tariffs by oluwaseunamos33(m): 9:55am On Feb 02 |
Hmmm. The ba2 have started. America/trump be careful 4 Likes 1 Share |
Re: Trade War: Canada, Mexico & China Vow Retaliatory Moves Over Trump's Tariffs by SmartPolician: 9:55am On Feb 02 |
It's okay for Trump to overtax or ban Chinese products. China started it first. However, the worst person to fight with is your neighbour. 17 Likes 4 Shares |
Re: Trade War: Canada, Mexico & China Vow Retaliatory Moves Over Trump's Tariffs by OkCornel(m): 9:55am On Feb 02 |
Here comes inflation surge 17 Likes 2 Shares |
Re: Trade War: Canada, Mexico & China Vow Retaliatory Moves Over Trump's Tariffs by Matheusmartin: 9:55am On Feb 02 |
... No surprises here. Doing things he promised he would do. 7 Likes |
Re: Trade War: Canada, Mexico & China Vow Retaliatory Moves Over Trump's Tariffs by Immanuel3(m): 9:56am On Feb 02 |
Talk to your citizens not to use fenty 32 Likes 5 Shares |
Re: Trade War: Canada, Mexico & China Vow Retaliatory Moves Over Trump's Tariffs by Roboto11: 9:56am On Feb 02 |
![]() US go hear wen. 22 Likes 5 Shares |
Re: Trade War: Canada, Mexico & China Vow Retaliatory Moves Over Trump's Tariffs by localbreed(m): 9:56am On Feb 02 |
This is not a fair fight. The US has much upper hands. All these countries rely heavily on the US import to grow their economy. Even the retaliation may harm their economy more than it would do to the US economy. For fact check.. The US is China's biggest importer. The US import from China more than the whole EU combined. As of Canada, they are literally reliant on the US importation (of raw materials). 18 Likes 5 Shares |
Re: Trade War: Canada, Mexico & China Vow Retaliatory Moves Over Trump's Tariffs by floss(m): 9:56am On Feb 02 |
Hmm |
Re: Trade War: Canada, Mexico & China Vow Retaliatory Moves Over Trump's Tariffs by AbuTwins: 9:57am On Feb 02 |
WW3 awaiting! 2 Likes 1 Share |
Re: Trade War: Canada, Mexico & China Vow Retaliatory Moves Over Trump's Tariffs by Okaynaw: 9:57am On Feb 02 |
phr0nesis: E no shock you? 4 Likes 1 Share |
Re: Trade War: Canada, Mexico & China Vow Retaliatory Moves Over Trump's Tariffs by Dogalmighty17: 9:58am On Feb 02 |
Give a fool a hammer and everything looks like a nail. The World Street Journal, a paper that actually supported Trump in his second run for the presidency has come out to call Trump's tariffs the dumbest economic decision in over 50 years. Trump's professor at Wharton, called Donald Trump the dumbest student he ever had. It is obvious. It must be remembered that the USMCA trade deal Trump just abandoned was the very deal he negotiated during his first term! He got Canada and Mexico onboard that agreement. Now he is tearing up the same agreement he authored. If Trump is not careful, he may trigger a recession in the global economy. Watch what happens as stock markets open tomorrow to see just how scared the markets are about this . Trump thinks that foreign countries pay the tariffs. But anyone with basic knowledge of economics knows that the cost of the tariffs is borne by the final consumer in this case, American citizens. Trump's tariffs are a tax on the American consumer. This will stifle demand, dislodge supply chains and force multiple companies to close. Trump's first tariffs against China saw China jettison US sourced Soybeans for other markets in Brazil and Argentina. Trump had to bail out US soyabean farmers with 25 billions US dollars but yet some farms closed down and some farmers committed suicide. There is no upside to these tariffs. It will only lead the US into economic dire straits. Trump is and idiot. 66 Likes 16 Shares |
Re: Trade War: Canada, Mexico & China Vow Retaliatory Moves Over Trump's Tariffs by Quelme: 9:58am On Feb 02 |
I love to watch this Netflix series between terrorist NATO and their allies. It gives me so much joy. 17 Likes 4 Shares |
Re: Trade War: Canada, Mexico & China Vow Retaliatory Moves Over Trump's Tariffs by chrisdstar: 10:01am On Feb 02 |
Trump has been moving like someone that wants to start a world war since he was sworn in. When he's done fighting with all the US allies, he'll understand that one man can't stand alone. By the time all these nations resolve to start trading in their local currencies like BRIC and seeking China as an alternative, Trump would have succeeded in making China the Economic capital of the world and trust me, that's a position China will never give up easily. 52 Likes 9 Shares |
Re: Trade War: Canada, Mexico & China Vow Retaliatory Moves Over Trump's Tariffs by emmy512(m): 10:01am On Feb 02 |
Titi for Tata Belle go swell one way or the other 4 Likes 1 Share |
Re: Trade War: Canada, Mexico & China Vow Retaliatory Moves Over Trump's Tariffs by misreal(m): 10:02am On Feb 02 |
They will cave in to America las las. Mexico is already feeling it. Canadian economy is not even as big as texts economy. It is like ghana trying to fight nigeria. Donald trump is trying to make America a production centred economy again. God bless America. 14 Likes 1 Share |
Re: Trade War: Canada, Mexico & China Vow Retaliatory Moves Over Trump's Tariffs by ogmask: 10:02am On Feb 02 |
Trump's actions will cause an economic reset. Let's see how it plays out. 4 Likes 2 Shares |
Re: Trade War: Canada, Mexico & China Vow Retaliatory Moves Over Trump's Tariffs by OPICANTO2223: 10:02am On Feb 02 |
The truth is that Canada will suffer more. Forex inflow will reduce the purchasing power for other trade Canada will get involved outside USA. Exchange rate will skyrocket in Canada and Mexico. USA can seek alternative route possibly from Europe 2 Likes 2 Shares |
Re: Trade War: Canada, Mexico & China Vow Retaliatory Moves Over Trump's Tariffs by DeltaOil: 10:04am On Feb 02 |
They can't fight America 2 Likes 1 Share |
Re: Trade War: Canada, Mexico & China Vow Retaliatory Moves Over Trump's Tariffs by AngloLatinos: 10:05am On Feb 02 |
Donald Trump's the President 🌟🌟🌟 6 Likes |
Re: Trade War: Canada, Mexico & China Vow Retaliatory Moves Over Trump's Tariffs by helinues: 10:05am On Feb 02 |
Trump is only looking for negotiation 12 Likes 2 Shares |
(1) (2) (3) (4) (5) (6) (7) (Reply)
New Wildfires Breaks Out In Los Angeles, 31,000 People Evacuated (Photos) / Republican Lawmakers March To Senate Floor To Protest Pelosi’s Mask Mandate / Trump To Hamas: "All Hell Will Break Out If Gaza hostages Aren't Released"
Viewing this topic: 4 guest(s)
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2025 Oluwaseun Osewa. All rights reserved. See How To Advertise. 57 |