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Trade War: Canada, Mexico & China Vow Retaliatory Moves Over Trump's Tariffs - Foreign Affairs (3) - Nairaland

Nairaland ForumNairaland GeneralPoliticsForeign AffairsTrade War: Canada, Mexico & China Vow Retaliatory Moves Over Trump's Tariffs (22051 Views)

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Re: Trade War: Canada, Mexico & China Vow Retaliatory Moves Over Trump's Tariffs by Looking4Trouble: 10:47am On Feb 02, 2025
Okaynaw:
Prophet DONALD J TRUMP (saw) pbuh is the greatest prophet even greater than the child rapist
This one is mentally unstable
Re: Trade War: Canada, Mexico & China Vow Retaliatory Moves Over Trump's Tariffs by Looking4Trouble: 10:49am On Feb 02, 2025
Nwaikpe:
I love it when Chirstian America coughs, and the world shakes.

I also love it when Jewish Israel coughs and muslims shake.

I also love it when islamic iran coughs and the world laughs.

grin grin grin

God bless Donatus Allah Chukwuebuka Trump (subhanahu wata'aala)
Another mentally unstable youth
Re: Trade War: Canada, Mexico & China Vow Retaliatory Moves Over Trump's Tariffs by CountinBlessins(m): 10:49am On Feb 02, 2025
Acekidc4:
Big baby Trump in the Mud, China will show him pepper.
Let.me.guess you are Yoruba? because I know the akpu munchers support trump and we in the Niger delta are indifferent but when you see anti trump comments 99% are from your hateful tribe
undecided
Re: Trade War: Canada, Mexico & China Vow Retaliatory Moves Over Trump's Tariffs by Druss(m): 10:49am On Feb 02, 2025
SIRTee15:
Canada will feel the tariff hit most.

China cant even be bothered. China is now too strong and economically too powerful to be bullied by some nonsense tariff. Americans would be the ones to pay for the tariff imposed on Chinese imports.
The tariff import Trump levied on china in his first tenure is still there, Biden increased it yet china export to USA soared from 450 to 560 billion dollars within same period. 10% tariff will change nothing.
It will take more than tariff to shift manufacturing away from china.

25% tariff on Mexico import is the most foolish decision of all. Most American companies manufacturing in Mexico are those who moved their factories from china to be closer to home.
These companies produce some of their cheaper products in Mexico so they can stay competitive. It's an integrated manufacturing assembly line btw Mexico and USA.
The truth is if USA wants to move his manufacturing back home and remain competitive, they NEED MEXICO.

Canada economy is heavily dependent on export to America. 75% of their products ends up in the USA. 25% tariff will be a killer on Canada's economy.
Unfortunately, Trump doesn't want to talk to Trudeau, He even insulted him by calling him Canadian governor.
Trudeau should swallow his pride and do what's best for canada. He should call for general election and Canadians better vote in conservative govt, that's their only saving grace. Maybe, Elon Musk can help them talk to trump.

The fentanyl and immigration thing is a ruse. Only 4000 migrants crossed illegally to USA from Canada last year and only 40 pounds of fentanyl out of 21,000 pounds imported to USA came from Canada.

Trump is simply looking for ways to bring manufacturing back home and it seems Canada is a soft target.
The US will feel the pain more in the long run. Canada will shift trade to Europe. People will move away from American products. The only thing that USA can do is try to use military might. That will only work for developing and undeveloped countries.
Re: Trade War: Canada, Mexico & China Vow Retaliatory Moves Over Trump's Tariffs by THEDEEPSIGHT: 10:51am On Feb 02, 2025
SIRTee15:
Trump is simply looking for ways to bring manufacturing back home and it seems Canada is a soft target.
While kicking out the cheap labour right? He should ride on.
You are right - nothing is taking manufacturing away from China in the next 1000 years.
Re: Trade War: Canada, Mexico & China Vow Retaliatory Moves Over Trump's Tariffs by THEDEEPSIGHT: 10:53am On Feb 02, 2025
Druss:
The US will feel the pain more in the long run. Canada will shift trade to Europe. People will move away from American products. The only thing that USA can do is try to use military might. That will only work for developing and undeveloped countries.
The summary is that the world will gradually withdraw from the United States. By the time they understand the impact they will know what harm they have done to themselves. The lucky thing is he only has four years so they can beat their way back after that. Although there are already whispers of amending the constitution so he can continue running.
Re: Trade War: Canada, Mexico & China Vow Retaliatory Moves Over Trump's Tariffs by Abbeytoy(m): 10:54am On Feb 02, 2025
Hmmmm
Re: Trade War: Canada, Mexico & China Vow Retaliatory Moves Over Trump's Tariffs by Nobody: 10:55am On Feb 02, 2025
helinues:
Trump is only looking for negotiation
Wetin APC know about governance 😂😂😂
Re: Trade War: Canada, Mexico & China Vow Retaliatory Moves Over Trump's Tariffs by helinues: 10:55am On Feb 02, 2025
ClearFlair:
Wetin APC know about governance 😂😂😂
If Apc no know anything about governance, what should we say about LP, a shadow party of itself!
Re: Trade War: Canada, Mexico & China Vow Retaliatory Moves Over Trump's Tariffs by BadBradley: 10:57am On Feb 02, 2025
Nairaland and its moderators are one ignorant combo and an echo chamber for liberal media propaganda.

There's no trade war. Tarrif have been used since time immemorial for politics and to balance trade deficit.

China has been doing same.

The Boden administration banned tiktok from US before Trump gave it a lifeline temporarily because china blocks Google, X, Facebook from China.

But they didn't call it trade war
Re: Trade War: Canada, Mexico & China Vow Retaliatory Moves Over Trump's Tariffs by RandomFellow: 11:00am On Feb 02, 2025
Dogalmighty17:
Give a fool a hammer and everything looks like a nail. The World Street Journal, a paper that actually supported Trump in his second run for the presidency has come out to call Trump's tariffs the dumbest economic decision in over 50 years.

Trump's professor at Wharton, called Donald Trump the dumbest student he ever had. It is obvious.

It must be remembered that the USMCA trade deal Trump just abandoned was the very deal he negotiated during his first term! He got Canada and Mexico onboard that agreement. Now he is tearing up the same agreement he authored.

If Trump is not careful, he may trigger a recession in the global economy. Watch what happens as stock markets open tomorrow to see just how scared the markets are about this . Trump thinks that foreign countries pay the tariffs. But anyone with basic knowledge of economics knows that the cost of the tariffs is borne by the final consumer in this case, American citizens. Trump's tariffs are a tax on the American consumer.

This will stifle demand, dislodge supply chains and force multiple companies to close. Trump's first tariffs against China saw China jettison US sourced Soybeans for other markets in Brazil and Argentina. Trump had to bail out US soyabean farmers with 25 billions US dollars but yet some farms closed down and some farmers committed suicide.

There is no upside to these tariffs. It will only lead the US into economic dire straits. Trump is and idiot.
You made me go back to read the impact of Trump's July 2018 25% tariff on Chinese products, and how China responded. Thank you for this enlightenment, I truly appreciate.
Re: Trade War: Canada, Mexico & China Vow Retaliatory Moves Over Trump's Tariffs by AngelicBeing: 11:02am On Feb 02, 2025
Houseofglam7:
What a time to be alive!!!😂😂😂😂😂
Gbamsulotely, grin
Re: Trade War: Canada, Mexico & China Vow Retaliatory Moves Over Trump's Tariffs by Flyforce1(m): 11:04am On Feb 02, 2025
I need your help please,if you can.i am almost giving up.........0030570225..... access bank..... Thank you.
Re: Trade War: Canada, Mexico & China Vow Retaliatory Moves Over Trump's Tariffs by AngelicBeing: 11:04am On Feb 02, 2025
Nwaikpe:
I love it when Chirstian America coughs, and the world shakes.

I also love it when Jewish Israel coughs and muslims shake.

I also love it when islamic iran coughs and the world laughs.

grin grin grin

God bless Donatus Allah Chukwuebuka Trump (subhanahu wata'aala)
Hahaha, You have started again, how can Donald Trump be Allah, chukwuebuka Pbup, hahaha 🤣
Re: Trade War: Canada, Mexico & China Vow Retaliatory Moves Over Trump's Tariffs by fredoooooo: 11:05am On Feb 02, 2025
Just do ut no noise...
Re: Trade War: Canada, Mexico & China Vow Retaliatory Moves Over Trump's Tariffs by penearth(m): 11:05am On Feb 02, 2025
America good morning
Re: Trade War: Canada, Mexico & China Vow Retaliatory Moves Over Trump's Tariffs by RandomFellow: 11:08am On Feb 02, 2025
BadBradley:
Nairaland and it's moderators are one ignorant combo and an echo chamber for liberal media propaganda.

There's no trade war. Tarrif have been used since time immemorial for politics and to balance trade deficit.

China has been doing same.

The Boden administration banned tiktok from US before Trump gave it a lifeline temporarily because china blocks Google, X, Facebook from China.

But they didn't call it trade war
No trade war? July 2018 when Trump placed a 25% tariff on Chinese ($34B) imports, China responded by slamming her own 25% tariff on US ($50B) agricultural imports (from an initial 3%). You know what it means?

US was targeting machineries and electronics (non-perishable goods), China was targeting agricultural, perishable goods! Chinese buyers opted for countries with smaller tariffs (Brazil, Argentina; for their Soybeans imports), while US still had to buy the Chinese goods. Guess who ended up paying the 25% tariff... The American people! Guess who's citizens committed suicide... American farmers! Guess who used $25B to bail their farmers... US!

The biggest winners is the alternative country from whom I can buy your products! (Brazil and Argentina in my previous story).

US just recently abandoned OPEC crude for Venezuela. Venezuela is the winner in this case. Now, that's what we call trade wars!!!
Re: Trade War: Canada, Mexico & China Vow Retaliatory Moves Over Trump's Tariffs by patrickcollins: 11:12am On Feb 02, 2025
misreal:
They will cave in to America las las.
Mexico is already feeling it.
Canadian economy is not even as big as texts economy.
It is like ghana trying to fight nigeria.
Donald trump is trying to make America a production centred economy again.
God bless America.
The thing surprise me say Economy of state of Texas is bigger than whole of Canada, or is Texas Governor just massaging his ego with unverifiable claims
Re: Trade War: Canada, Mexico & China Vow Retaliatory Moves Over Trump's Tariffs by juliuscaesar(m): 11:13am On Feb 02, 2025
Trump is playing a dangerous game. His actions makes one believe the rumors that he is allegedly doing the bidding of Putin to destroy America from the inside. One of the major reasons America is a world power today is because it has most of its debt in US dollars. So the fear of paying it back isn't there. Now, if these countries decided to stop trading in the US dollars, the dollar is going to fall and Americans who are supporting him now will feel the heat.

It's exactly the same thing that happened when the European union came up with the Euros. The Euros quickly became more powerful than the dollar.

Mexico and Canada are 2 of America's greatest business partners in terms of America exports. If both decide not to trade with America and get their exports from elsewhere,it becomes a huge problem for thr USA. Also, America's supposed invisibility lies in the fact that none of its adversaries have a military base close to the USA. Now, imagine Mexico starts a new relationship with China or Russia, allowing those countries to have military bases in Mexico, just like America has in strategic countries close to their adversaries all over the world. What would happen then?
Re: Trade War: Canada, Mexico & China Vow Retaliatory Moves Over Trump's Tariffs by uniquelyspecial(m): 11:14am On Feb 02, 2025
localbreed:
Lol stop advertising your ignorance for free
In your mind, you are the well-informed one.
Re: Trade War: Canada, Mexico & China Vow Retaliatory Moves Over Trump's Tariffs by DoctorAyukebot(m): 11:15am On Feb 02, 2025
Dogalmighty17:
Give a fool a hammer and everything looks like a nail. The World Street Journal, a paper that actually supported Trump in his second run for the presidency has come out to call Trump's tariffs the dumbest economic decision in over 50 years.

Trump's professor at Wharton, called Donald Trump the dumbest student he ever had. It is obvious.

It must be remembered that the USMCA trade deal Trump just abandoned was the very deal he negotiated during his first term! He got Canada and Mexico onboard that agreement. Now he is tearing up the same agreement he authored.

If Trump is not careful, he may trigger a recession in the global economy. Watch what happens as stock markets open tomorrow to see just how scared the markets are about this . Trump thinks that foreign countries pay the tariffs. But anyone with basic knowledge of economics knows that the cost of the tariffs is borne by the final consumer in this case, American citizens. Trump's tariffs are a tax on the American consumer.

This will stifle demand, dislodge supply chains and force multiple companies to close. Trump's first tariffs against China saw China jettison US sourced Soybeans for other markets in Brazil and Argentina. Trump had to bail out US soyabean farmers with 25 billions US dollars but yet some farms closed down and some farmers committed suicide.

There is no upside to these tariffs. It will only lead the US into economic dire straits. Trump is and idiot.
Rarely on nairaland do we get to read insightful posts like yours.
Re: Trade War: Canada, Mexico & China Vow Retaliatory Moves Over Trump's Tariffs by Basicend:
localbreed:
This is not a fair fight. The US has much upper hands. All these countries rely heavily on the US import to grow their economy. Even the retaliation may harm their economy more than it would do to the US economy.

For fact check.. The US is China's biggest importer. The US import from China more than the whole EU combined.

As of Canada, they are literally reliant on the US importation (of raw materials).
Please, what do you term as "fair"? What backs the printed US dollar?

The resultant effect of Trump's protectism tariff move is that a new, or an existing alternative trading block will be strengthened.

BRICS, most likely, or a similar alternative block will be formed and supported by even US allies.

International trading fragments will spring up.

*** American domiciled SWIFT (international trading settlement system) will be bye-passed gradually, and ultimately by all. Hence, reducing the demand and value of the US dollar. I believe that is one of the major reasons he has been threatening the whole world.

All major US allies within the EU are already in support of Canada. Germany had sent a partnering inquiry / correspondence to BRICS.

Russia has been growing stronger with US tariff sanctions. . China has every capacity to survive, same as India.

Trump will put the American economy in huge inflation, recession and isolation.

*** If Trump and the USA looses ties with the EU, Canada, Mexico, Colombia and it's neighbouring friends, he will make America very naked.
Re: Trade War: Canada, Mexico & China Vow Retaliatory Moves Over Trump's Tariffs by Roboto11: 11:22am On Feb 02, 2025
misreal:
They will cave in to America las las.
Mexico is already feeling it.
Canadian economy is not even as big as texts economy.
It is like ghana trying to fight nigeria.
Donald trump is trying to make America a production centred economy again.
God bless America.
What does US produce that you MUST buy?
Re: Trade War: Canada, Mexico & China Vow Retaliatory Moves Over Trump's Tariffs by Professormphil: 11:24am On Feb 02, 2025
Okaynaw:
Prophet DONALD J TRUMP (saw) pbuh is the greatest prophet even greater than the child rapist
he is even greater the baby jehovah
Re: Trade War: Canada, Mexico & China Vow Retaliatory Moves Over Trump's Tariffs by Stevenbright(m): 11:25am On Feb 02, 2025
Fuckyoumod:
China can manipulate their economy to survive,but I pity Canada and Mexico.

Trump wants fair trade and balance in trade. If he does fight now, Americans will become consumers like Nigerians in the next decade.
He knows the consequences of the US going into full fledged economic war with China. That is why he levied 25% tariff on both Canada and Mexico but just 10% on China!
Re: Trade War: Canada, Mexico & China Vow Retaliatory Moves Over Trump's Tariffs by CommonSense1967: 11:25am On Feb 02, 2025
Okaynaw:
Prophet DONALD J TRUMP (saw) pbuh is the greatest prophet even greater than the child rapist
You ist be talking about your Jesus that was hanged with other criminals for rapping young boys just like your Pope are also known now for fvcking young boys at the Vatican.
There are more pedophiles in the Christian churches around the world than all other religions combined.
They must have learned the act of fvcking young boys from your criminal hanged Jesus.
Re: Trade War: Canada, Mexico & China Vow Retaliatory Moves Over Trump's Tariffs by djon78(m): 11:26am On Feb 02, 2025
The entire world economy should better prepare for Economic recession


Ngozi Okonjo iweala in Davos world economic forum warned world leaders of retaliation in these tariffs war

She warned that it will affect all the econic gains made post pandemic era

Now it's just beginning

EU have warned that if the white house imposes tarrif on European goods
They will retaliate

A recipe Ngozi Okonjo iweala was warning about
Which will affect the global economy


Uncle Trump abeg take am easy biko
Re: Trade War: Canada, Mexico & China Vow Retaliatory Moves Over Trump's Tariffs by DoctorAyukebot(m):
RandomFellow:
You made me go back to read the impact of Trump's July 2018 25% tariff on Chinese products, and how China responded. Thank you for this enlightenment, I truly appreciate.
Frankly he articulately nailed the piece with facts, devoid of the usual emotional, religious and tribal dictum that dictates most posts on Nairaland. As expected he didn't have as many likes as those who wrote jargons. Says alot about the average Nigerian..
Re: Trade War: Canada, Mexico & China Vow Retaliatory Moves Over Trump's Tariffs by misreal(m): 11:28am On Feb 02, 2025
patrickcollins:
The thing surprise me say Economy of state of Texas is bigger than whole of Canada, or is Texas Governor just massaging his ego with unverifiable claims
It is bro.
Eventhough slightly bigger,but it is what it is.
Re: Trade War: Canada, Mexico & China Vow Retaliatory Moves Over Trump's Tariffs by DiasGodinHeaven: 11:31am On Feb 02, 2025
fergie001:
United States President , Trump posted on social media that the tariffs were necessary “to protect Americans,” pressing the three nations to do more to curb the manufacture and export of illicit fentanyl and for Canada and Mexico to reduce illegal immigration into the U.S. The action fulfilled one of Trump’s commitments to voters but threw the global economy and Trump’s own political mandate to lower prices into turmoil.

Trump’s order includes a mechanism to escalate the rates charged by the U.S. against retaliation by the other countries, raising the specter of an even more severe economic disruption.



The White House

CANADA, MEXICO & CHINA respond:



Justin Trudeau
Outgoing Prime Minister of Canada





David Eby
Premier, Province of British Columbia, Canada




Claudia Sheinbaum Pardo
President of Mexico




China's Ministry of Commerce


In his reaction, the Governor of Texas, Greg Abbott responded to Trudeau's, press conference;



Governor of Texas
They can not do anything
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