TARIFF WAR LOOMS: Trump warns Trudeau of more tariffs following Canada’s retaliation

• President Donald Trump’s 25 percent tariffs on Canadian imports have prompted Canada to impose reciprocal tariffs on U.S. goods, setting off a trade conflict between the two nations.
• Prime Minister Justin Trudeau directly addressed Trump, calling the tariffs “a very dumb thing to do,” and warned of potential market instability and job losses in the United States.
• Trump responded to Trudeau’s comments by threatening to increase tariffs in response to Canada’s retaliatory measures, highlighting the potential for further trade tensions.
• Several Canadian premiers, including Ontario’s Doug Ford and Alberta’s Danielle Smith, have voiced support for Trudeau’s retaliatory measures and have threatened their own actions against the U.S., such as export charges and potential energy cutoffs.
• The tariffs are expected to affect the U.S. energy sector, with potential higher oil and gas prices for American consumers due to the heavy reliance on Canadian imports by U.S. refineries.

President Donald Trump has warned Prime Minister Justin Trudeau that their retaliatory measures would prompt even higher reciprocal tariffs from the United States.

In a press conference of Trudeau on Parliament Hill on March 4, he criticized the new 25 percent tariffs of Trump on Canadian imports, which took effect at midnight. Trudeau announced that Canada would impose a 25 percent levy on billions of dollars worth of U.S. goods, with additional tariffs expected by the end of March. (Related: Trudeau escalates trade war with U.S., imposes 25% tariffs on $155 billion in American goods.)

Trudeau then accused Trump of market instability and inflation, claiming that thousands of American jobs would suffer due to the tariffs. “We don’t want this. We want to work with you as a friend and ally and we don’t want to see you hurt, either,” Trudeau said, flanked by Foreign Minister Mélanie Joly and Finance Minister Dominic Leblanc.

His comments took a personal turn when he directly addressed Trump by his first name, saying, “Now, it’s not in my habit to agree with the Wall Street Journal, but Donald, they point out that even though you’re a very smart guy, this is a very dumb thing to do.”

In response, Trump warned of escalating trade tensions on his Truth Social platform. “Please explain to Governor Trudeau of Canada that when he puts on a retaliatory tariff on the U.S., our reciprocal tariff will immediately increase by a like amount!” he posted.

Canadian premiers back Trudeau on his retaliatory measures against Trump’s tariff

Trudeau’s criticism of the new 25 percent tariffs ignites swift and severe retaliatory measures from several Canadian premiers.

For instance, Ontario Premier Doug Ford has threatened to impose an export charge on power sold to the U.S., potentially cutting off energy supplies to more than a million American customers.

Ford stated his readiness to “fight like never before” and has hinted at potential retaliatory measures, including imposing an export charge on power sold to the U.S. or even cutting off energy supplies to over a million American customers. He emphasized the importance of utilizing every available tool to counter what he perceives as the deterioration of the once-strong Canada-U.S. relationship under Trump’s leadership.

He also called on American lawmakers, particularly Republicans, to challenge Trump’s policies and urged U.S. voters to hold Trump accountable in the upcoming midterm elections.

Meanwhile, Alberta Premier Danielle Smith expressed disappointment and concern over Trump’s decision to impose tariffs on Canadian oil and gas, describing it as a betrayal and illegal move that the province will challenge. She noted that these tariffs, even at a 10 percent rate, will inevitably increase oil and gas prices for American consumers, despite Trump’s intentions.

Smith emphasized that U.S. Midwest refineries heavily rely on heavy crude from Alberta, which the U.S. cannot produce in sufficient quantities to meet demand. Consequently, with Canada being the largest foreign supplier of oil to the U.S., American consumers will ultimately face higher prices at the pump.

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Sources include:

YourNews.com

CBC.ca

Brighteon.com