Breaking India News Today | In-Depth Reports & Analysis – IndiaNewsWeek
  • Home
  • Nation
  • Politics
  • Economy
  • Sports
  • Entertainment
  • International
  • Technology
  • Auto News
Reading: Canada retaliates, Trump escalates tariff threats
Share
Breaking India News Today | In-Depth Reports & Analysis – IndiaNewsWeekBreaking India News Today | In-Depth Reports & Analysis – IndiaNewsWeek
Search
  • Home
  • Nation
  • Politics
  • Economy
  • Sports
  • Entertainment
  • International
  • Technology
  • Auto News
© 2024 All Rights Reserved | Powered by India News Week
Trump threatens further tariff hikes after Canada retaliates
Breaking India News Today | In-Depth Reports & Analysis – IndiaNewsWeek > International > Canada retaliates, Trump escalates tariff threats
International

Canada retaliates, Trump escalates tariff threats

March 5, 2025 4 Min Read
Share
SHARE

The President of the United States, Donald Trump, has issued a warning to Canada stating that he will intensify the trade dispute following the announcement by Canadian Prime Minister Justin Trudeau of retaliatory tariffs on American goods.

The tariffs imposed by Trump, which amount to 25% on imports from Mexico and Canada, came into effect on Tuesday. This move led Trudeau to declare retaliatory tariffs on over $100 billion worth of US goods, which will be enforced within 21 days.

Trump responded via Truth Social, the social media platform he owns, saying: “I urge Governor Trudeau of Canada to understand that if he imposes a retaliatory tariff on the US, our equivalent tariff will immediately increase by a similar amount!”

Recently, Trump has repeatedly referred to the Canadian Prime Minister as the “governor” of Canada, and has even called for Canada to become the 51st state of the US.

Trudeau, speaking to reporters in Ottawa on Tuesday, criticized Trump’s trade war as “foolish” and suggested that the US president’s ultimate goal is to fully integrate Canada into the US. Trudeau stated confidently that this scenario will never transpire. He emphasized that such actions by Trump will harm both countries’ economies and their citizens.

Vina Nadjibulla, Vice President of Research and Strategy at the Asia Pacific Foundation of Canada, warned that the trade dispute will negatively impact consumers, businesses, and the economy of both Canada and the US within a matter of weeks.

Canada has expressed its intention to challenge the US’s measures through the World Trade Organization and the US-Mexico-Canada trade agreement.

Trudeau affirmed that Canadians are reasonable and polite, but they will not shy away from a fight. He will be stepping down as Prime Minister once the Liberal Party selects a new leader on Sunday.

Ontario Premier Doug Ford announced a 25% export tax on electricity sold to the US, with the possibility of cutting off exports completely if the US tariffs persist. Ontario supplied power to 1.5 million homes in Michigan, New York, and Minnesota in 2023.

‘No Justification’

Meanwhile, Mexican President Claudia Sheinbaum, along with Canada and China, has vowed to retaliate against the tariff increases imposed by the Trump administration.

During a press conference in Mexico City, Sheinbaum stated: “There is absolutely no valid reason or justification for this decision, which will negatively impact our people and nations.” She indicated that Mexico will unveil the specific US products targeted by retaliatory tariffs on Sunday.

Sheinbaum criticized a “fact sheet” released by the White House on Monday, which alleged that Mexican drug trafficking persists due to a problematic relationship with the government. She denounced these claims as offensive, defamatory, and unsubstantiated.

Recently, Mexico’s government seized over a tonne of fentanyl, shut down 329 methamphetamine labs, and extradited 29 drug cartel members to the US. Trump has accused Ottawa of not doing enough to combat fentanyl trafficking, a claim Trudeau has vehemently denied.

Furthermore, Beijing has announced retaliatory tariffs of up to 15% on various US agricultural exports and has expanded restrictions on a number of US companies.

TAGGED:International
Share This Article
Twitter Copy Link
Previous Article Firstsource launches Melbourne HQ and AI Innovation Lab  Firstsource opens Melbourne HQ and AI Lab.
Next Article Axis Securities lowers Nifty target for Dec 2025, Top picks include HDFC Bank, SBI, ICICI Bank, Dalmia Bharat Axis Securities’ Top Picks for Dec 2025: HDFC Bank, SBI, ICICI Bank, Dalmia Bharat
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest News

GST will enhance competitiveness of Indian edible oils in domestic, international markets: SEA

GST to Boost Competitiveness of Indian Edible Oils in Global Markets

September 23, 2025
CPI Party Congress passes resolution condemning Israel’s Genocide in Gaza, urging India not to aid Occupation

CPI Congress Denounces Israel’s Actions in Gaza, Calls on India to Reject Support for Occupation

September 23, 2025
CJM directs Kathua SSP to file FIR over alleged custodial torture of two Punjab labourers

CJM Orders Kathua SSP to Investigate Alleged Custodial Torture of Punjab Workers

September 23, 2025
SEBI, RBI in talks to boost corporate bond index derivatives trading

SEBI Unveils New Rules and Centralized Portal for Stock Broker Technical Glitches

September 23, 2025
I Thought I Knew Silicon Valley. I Was Wrong

Rediscovering Silicon Valley: Surprising Insights Beyond My Expectations

September 23, 2025
Refex Industries restructures green mobility business; RML to get independent listing

Refex Industries Reshapes Green Mobility; RML Set for Independent Listing

September 23, 2025

You Might Also Like

German Christmas market attack suspect to face murder charges
International

German Christmas Market Attack Suspect Charged with Murder

2 Min Read
Georgians rally in support of EU membership ahead of elections
International

Georgians Rally for EU Membership Before Elections

2 Min Read
Jimmy Carter: The father of Arab-Israeli normalisation
International

Jimmy Carter: Architect of Arab-Israeli Peace

3 Min Read
Is Russia planning a ‘false flag’ attack on Moldova?
International

Potential Russian False Flag in Moldova?

2 Min Read
Breaking India News Today | In-Depth Reports & Analysis – IndiaNewsWeek
Breaking India News Today | In-Depth Reports & Analysis – IndiaNewsWeek

Welcome to IndiaNewsWeek, your reliable source for all the essential news and insights from across the nation. Our mission is to provide timely and accurate news that reflects the diverse perspectives and voices within India.

  • Home
  • Nation News
  • Economy News
  • Politics News
  • Sports News
  • Technology
  • Entertainment
  • International
  • Auto News
  • Bookmarks
  • About us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms of Service
  • Home
  • Nation
  • Politics
  • Economy
  • Sports
  • Entertainment
  • International
  • Technology
  • Auto News
  • About us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms of Service

© 2024 All Rights Reserved | Powered by India News Week

Welcome Back!

Sign in to your account

Lost your password?