Watch: “I get angry and anti -American” – Canadians denounce the pricing threat
President Donald Trump agreed to suspend the imposing 25% price in Canada and Mexico for 30 days, bringing the North American neighbors on the edge of a potentially damaging trade war.
After last-minute calls with Trump, Canadian Prime Minister Justin Trudeau agreed to strengthen the border of his country with the United States to tackle the migration and deadly drug fentanyl flow.
Earlier, Trump concluded an agreement with Mexican President Claudia Sheinbaum. She agreed to strengthen the northern border with the troops. In return, the United States would limit the flow of firearms in Mexico.
But an American price of 10% on Chinese imports should always come into force from 00:01 HNE (05:00 GMT) on Tuesday.
Trump said he was planning to talk about his Chinese counterpart soon on the phone. He described the import taxes of 10% like the “opening salvo” and said that they could become “very, very substantial” if no agreement was concluded.
The breakthrough on Monday with Canada and Mexico came while preparing reprisals on American products.
After two telephone calls on Monday, Trump and Trudeau posted on social networks that they had concluded a temporary agreement on the border security which would avoid prices for at least 30 days.
The two leaders described the agreement as a victory.
“As president, it is my responsibility to ensure the security of all Americans, and I do exactly that. I am very satisfied with this initial result,” wrote Trump on his social media site Truth Social.
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Trudeau said Canada was implementing a $ 1.3 billion border plan (1 billion pounds sterling) which included nearly 10,000 leading workers and more resources to stop the fentanyl flow, a synthetic medication 50 times stronger than heroin, which Trump has cited as a major concern.
The Prime Minister also said that Canada would name a “fentanyl tsar” and launch a joint strike force with the United States to combat crime, fentanyl and money laundering.
A large part of the border security plan had already been announced by Canada in December.
It includes improved coordination with American police, increasing information sharing, limiting traffic to the border and the deployment of drones and Black Hawk helicopters for surveillance.
The news only occurred a few hours after Trump interrupted a separate rate on Mexican products in exchange for this country sending 10,000 national guard troops at its border with the United States.
President Sheinbaum announced the news of X, writing that she had a “good conversation with great respect for our relationship and sovereignty” with his American counterpart.
Trump described his telephone conversation with the Mexican leader as “very friendly”.
In 2019, the government of Mexico agreed to send 15,000 soldiers to its northern border to avoid the prices of the first Trump administration.
Trump has developed prices such as a tool to increase the American economy, protect jobs and increase tax revenue.
“The prices for us, no one can compete with us because we are the gold pot,” he said on Monday afternoon.
“But if we do not continue to win and do well, we will not be the gold pot.”
But economists have warned that the prices of tit-form-tat could increase prices for a wide range of products, including cars, wood, steel, food and alcohol.
The items had already been removed from certain shelves and the stock markets fell on Monday before recovering slightly with the announcement that the prices had been suspended.
Reuters
Andrew Furey, Prime Minister of Newfoundland and Labrador, admitted that the 30 days had brought a certain relief, but warned the Canadians that a trade war was still approaching.
He told the BBC that he was looking forward to using “the calm Canadian diplomatic approach to try to resolve future prices”, but warned of other “chaotic” actions of the American president.
“We are left as Canadians feeling a little confused by this attack by our nearest friend, our biggest trading partner, our ally, our family,” said Furey.
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Candace Laing, president and chief executive officer of the Canadian Chamber of Commerce, said that “uncertainty” left businesses and families “in the Luch”.
The Prime Minister of Ontario – the most populous province in Canada, which represents around 38% of the country’s GDP – welcomed the break and said that he would suspend plans for reprisal measures.
Prime Minister Doug Ford wrote on X: “Make no mistake, Canada and Ontario continue to look at the threat of prices.
“Whether tomorrow, in a month or in a year … President Trump will continue to use the threat of prices to get what he wants.”
Trump said on Sunday that the European Union of 27 countries would be its next target for prices, without providing more details.
The American president suggested that Great Britain, which left the EU in 2020, could be spared many functions.
