One commercial war down, two to leave – maybe more. US President Donald Trump called his tariffs against Canada after withdrawing from the market, to the factory, to the borders.
But that was a battle this week.
Next week there is another one when it comes into force of steel and aluminum tariffs; Then three more weeks after that, when Trump threatens other tariffs to many countries.
Private and public comments in recent days from Trump’s team make up the idea that stopping fentali is the main reason for his tariff policy.
The biggest risk for Canada is now focusing. And is bad news if you are one of hundreds of thousands Canadians with a job connected to the car sector. His goal may be you.
In an interview with the closed doors, members of the Trump team have been pushing the car companies in recent days to commit drastically reduced their long-term traces in Canada and Mexico in exchange for permanent tariff relief-as a predation, according to three sources associated with the industry, which spoke provided they were not appointed.
US President Donald Trump said on Thursday that he paused his tariffs on some goods from Canada and Mexico, which are under Canadian-American-Mexico-speeches until April 2.
Tim Trump has gone to the public almost so far.
His print secretary Karolina Leavitt asked for her message to car companies scared of tariffs that came in April, she said: “The manufacture of shift here.”
Merchant secretary Howard Lutnick on Fox News has outlined the same point:
“Why are our Michigan [auto] Jobs in Canada? “He asked.”[Trump’s] I’m going to say, ‘Come on. Come back. “”
Trump himself described the conversations he had run this week with a large three American cars, saying he had promised a short return from the previous and so -called fental tariffs to allow them to plan.
But he warned that there would be no exemption from future tariffs.
“I told them,” That’s it. It was a short -term contract, “Trump said on Thursday, as he signed an order in the oval office, withdrawing from his initial tariff Salvo.
“I said …” I don’t come back to me after April 2, “Trump said about car manufacturers.” “I don’t want to hear you after April 2.” “” ”
Most Canadian vehicles are derived Now, and Canada sells more vehicles than it buys. But the industry is not a one -way street: Canada is the largest buyer of cars from American cars, and parts cross the border.
As follows
Trump is now threatening tariffs in two stages.
First, next week comes a 25 -pointed levy steel and aluminumAnd the automotive industry will transmit a fine print for exemptions, as these metals are the main components. Without exemption, vehicles would face the penalty of prices.
Then he plans to go to countries around the world to punish allegedly unjust trade trade practices – starting on April 2. This is based on reports He ordered his team To prepare, which should be on April 1.
Trump made it clear on Thursday that he considers Canada the main goals. Prepares for the bruise of transferring the Canada-Moxico Agreement. By law that must happen in the next decade, but is now expected in an accelerated schedule.
Trump complained of everything from Canadian protected dairy sectors, banking regulations, to GST. The dairy often came in tension and A phone call that runs Profanity this week with Prime Minister Justin Trudeau.
Will Trump come back again?
It swears that he did not flood him this week, sprayed on the trade screens, which represents losses on the stock market.
“I don’t even look at the market,” Trump insisted.
Prime Minister Justin Trudeau, speaking on the announcement of children’s care on Thursday in Ottawa, was asked to describe his recent invitation with US President Donald Trump on tariffs. Trudeau, who did not provide specificities, emphasized that the conversations were ongoing and reiterated that Canada focused on how to help people wear while they were in place.
What the chaos looks like
The market, however, was looking at the economy. And there he becomes messy. Customs brokers had a unique point in real influence.
Jesse Mitchell, Director of Business Development for Strader-Ferris International, based in Ottawa, who works with hundreds of cross-border companies, says companies were full of unexpected accounts-50,000, 75,000 and 100,000 USD; Some because their shipments reached the border later than expected, last midnight on Tuesday, when the tariffs launched.
In other cases, they were not aware that they owed a tariff. For example, Mitchell cited a Canadian company that repairs heavy machines.
He said the company would introduce an engine, collect $ 50,000 for repairs and send it back to the US – and he only realized that he would have to pay another 25 percent of that bill to bring it over the border.
Canadian companies did not have a choice. Many paid the tariff, he says, to avoid the loss of their US customer.
On the eve, says Mitchell, companies on both sides were retained by shipments – assuming, hoping that Trump would withdraw quickly.
It has, to some extent. Trump has given up tariffs to goods considered to be in line with the Canada-US-Mexico agreement, which does not cover disputed areas such as wood, dairy products and certain other products. Even there, the details are not clear.
“It causes a headache for everyone – certainly in Canada, but also probably in the United States,” Mitchell said.
Seeing as chaos approaching, the companies were rushed to deliver the goods before Tuesday.
The export of goods in the USA jumped abruptly from November to January, a trend that Bank of Montreal connected with tariffs on Thursday, as well as the tortured Loonie.
The Canadian Chamber of Commerce said it would relieve some damage Thursday. But not almost everything.
“This is not the moment to celebrate. The economy is not the toy he plays with,” said Matthew Holmes, Vice President of the Chamber, in a statement.
“Permanent threats and economic uncertainty have taken their toll. We see it in delayed business investments, trembling confidence of consumers, stopped capital flows and unstable shares market. These are people survival.”
For Canada, these means of life exist in numerous sectors. The Canadian tens of thousands of steel workers can feel it next week, not to mention a far larger auto sector.
The economy may not be a game. But the workers will be forced to play it – in the circle, after a circle, after a circle.
