Trump Threatens to Escalate Trade War with Canada
In response to Canada’s planned retaliatory tariffs on American goods, President Trump threatened to double the existing 25% tariffs to 50%. This escalation follows Trump’s earlier imposition of tariffs on Canada, Mexico, and China. While Mexico is considering its response, China has already implemented additional tariffs. Canadian Premier Doug Ford further threatened to cut off electricity exports to the U.S. if the tariffs remain in place, highlighting the potential for significant economic repercussions.
John Q. Hosedrinker