The president of the United States (USA), Donald Trump, has started strongly in his last tariffs, promising to impose “additional reciprocal tariffs on Canada in response to commercial retaliation actions of Canada against the 25% Trump tariff on all Canadian goods that cross the border towards the USA.
Commercial reprisal wars that achieve little but cost consumers in both countries were a characteristic of President Trump’s first mandate, and Donald Trump seems anxious to establish new records while risking causing recessions both at home and abroad just six weeks after his second mandate.
Key aspects
Please, explain to Governor (sic) Trudeau, from Canada, who when imposing a retaliation tariff to the US, our reciprocal tariff will increase immediately in the same amount!
The US reciprocal tariff will increase to the level of retaliation.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
