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🚨 TRUMP IS THREATING CANADA WITH 100% TARIFFS IF THEY SIGN A TRADE DEAL WITH CHINA ! 👀 $ENSO
CANADA sends about 73%-77% of all its exports to the U.S. That is over $450 billion per year. A 100% tariff would make most Canadian exports uncompetitive overnight.
His core concern is trade routing. If Canada signs special trade agreements with China, Chinese companies could move goods into Canada first and then send them into the U.S., bypassing American tariffs. Trump calls this using Canada as a drop off port. That would completely break U.S. trade policy against China.
We have already seen what tariffs can do.
In 2018-2019, the U.S imposed 25% tariffs on Canadian steel, 10% tariffs on Canadian aluminum. And Canadian steel exports to the U.S. fell by 41% and Aluminum exports fell by 19%. $RIVER
About $16.6 billion CAD of trade was disrupted. Some Canadian plants cut production and jobs. Supply chains became slower and more expensive
And that happened with just 10%-20% tarrifs. But now Trump is talking about 100% tariffs.
That would hit Autos and auto parts, Energy exports, Aluminum, manufacturing and steel.
Canada’s economy is deeply linked to the U.S. Trade with the U.S. equals roughly two thirds of Canada’s GDP when you include direct and indirect exposure.
At the same time, Canada has been trying to rebuild trade with China.
China is a major buyer of Canadian agriculture like canola and seafood, Canada wants access to Chinese EV and battery supply chains, Canada wants to reduce dependence on a single trading partner.$XAU
Economically, that makes sense for Canada. Politically, it puts Canada in the middle of the U.S.-China conflict where Canadian economy will face a major economic shock along with the markets.
#GrayscaleBNBETFFiling #TrumpCanadaTrade #Trumpchinatariffs
CANADA sends about 73%-77% of all its exports to the U.S. That is over $450 billion per year. A 100% tariff would make most Canadian exports uncompetitive overnight.
His core concern is trade routing. If Canada signs special trade agreements with China, Chinese companies could move goods into Canada first and then send them into the U.S., bypassing American tariffs. Trump calls this using Canada as a drop off port. That would completely break U.S. trade policy against China.
We have already seen what tariffs can do.
In 2018-2019, the U.S imposed 25% tariffs on Canadian steel, 10% tariffs on Canadian aluminum. And Canadian steel exports to the U.S. fell by 41% and Aluminum exports fell by 19%. $RIVER
About $16.6 billion CAD of trade was disrupted. Some Canadian plants cut production and jobs. Supply chains became slower and more expensive
And that happened with just 10%-20% tarrifs. But now Trump is talking about 100% tariffs.
That would hit Autos and auto parts, Energy exports, Aluminum, manufacturing and steel.
Canada’s economy is deeply linked to the U.S. Trade with the U.S. equals roughly two thirds of Canada’s GDP when you include direct and indirect exposure.
At the same time, Canada has been trying to rebuild trade with China.
China is a major buyer of Canadian agriculture like canola and seafood, Canada wants access to Chinese EV and battery supply chains, Canada wants to reduce dependence on a single trading partner.$XAU
Economically, that makes sense for Canada. Politically, it puts Canada in the middle of the U.S.-China conflict where Canadian economy will face a major economic shock along with the markets.
#GrayscaleBNBETFFiling #TrumpCanadaTrade #Trumpchinatariffs
US President Donald Trump is ramping up tensions with Canada, threatening a 100% tariff on all Canadian goods if the country moves forward with a trade deal with China. Trump claims Canada would become a "drop-off port" for Chinese goods, and China would "eat Canada alive".
This comes after Canadian Prime Minister Mark Carney's recent visit to China, where he praised China as a "reliable partner" and announced a landmark trade agreement, including reduced tariffs on Canadian canola and Chinese electric vehicles.
Trump's threat has escalated the war of words between the two leaders, with Carney criticizing Trump's approach to global diplomacy. The move could have significant implications for US-Canada trade relations and the global economy.
#TrumpCanadaTrade $ETH
$USDC
This comes after Canadian Prime Minister Mark Carney's recent visit to China, where he praised China as a "reliable partner" and announced a landmark trade agreement, including reduced tariffs on Canadian canola and Chinese electric vehicles.
Trump's threat has escalated the war of words between the two leaders, with Carney criticizing Trump's approach to global diplomacy. The move could have significant implications for US-Canada trade relations and the global economy.
#TrumpCanadaTrade $ETH
$USDC
🚨 The second round of the tax war begins
Trump just threatened to cut Canada off from the largest market in the world.
A 100% tariff is not a negotiating tactic... it is a death sentence for their economy.
Here’s why and what is likely to happen next week:
Trump believes that Canada is being used as a middleman.
He bets that China will ship parts to Ontario, slap a "Made in Canada" label on them, and then bring them into the United States tariff-free.
The 100% tariff is his way of shutting the door completely before these parts reach Canada.
Things took a personal turn this week.
Carney visited Switzerland and referred to Trump as a dictator.
Trump responded by saying that Canada exists only because we allowed them to.
Now, he ties their entire economy to two things:
– Immediately canceling the agreement with China.
- Giving up complete control of the Greenland defense project.
He is not seeking a solution that satisfies both sides, but rather capitulation.
Canada has no backup plan... 75% of its industries come to it.
If these tariffs are imposed, the Canadian dollar will become worthless, and their businesses will collapse by the end of next week.
Carney must choose: maintain his dignity and his agreement with Beijing, or prevent his country from going bankrupt.
The next few days will be tough. I will keep you updated.
Please follow up
$BTC #BTC #TrumpCanadaTrade
Trump just threatened to cut Canada off from the largest market in the world.
A 100% tariff is not a negotiating tactic... it is a death sentence for their economy.
Here’s why and what is likely to happen next week:
Trump believes that Canada is being used as a middleman.
He bets that China will ship parts to Ontario, slap a "Made in Canada" label on them, and then bring them into the United States tariff-free.
The 100% tariff is his way of shutting the door completely before these parts reach Canada.
Things took a personal turn this week.
Carney visited Switzerland and referred to Trump as a dictator.
Trump responded by saying that Canada exists only because we allowed them to.
Now, he ties their entire economy to two things:
– Immediately canceling the agreement with China.
- Giving up complete control of the Greenland defense project.
He is not seeking a solution that satisfies both sides, but rather capitulation.
Canada has no backup plan... 75% of its industries come to it.
If these tariffs are imposed, the Canadian dollar will become worthless, and their businesses will collapse by the end of next week.
Carney must choose: maintain his dignity and his agreement with Beijing, or prevent his country from going bankrupt.
The next few days will be tough. I will keep you updated.
Please follow up
$BTC #BTC #TrumpCanadaTrade
#TrumpCanadaTrade
$TRUMP
🚨🚨BREAKING NEWS🔥🔥
🇱🇷U.S ENDS TRADE TALKS WITH CANADA OVER DIGITAL TAX DISPUTE 💥
✅️On 27,Former U.S President Donald Trump announced the immediate termination of trade negotiations with Canada.
✅️The move follows Canad's decision to impose a Digital Services Tax,Targeting U.S. tech giants .
✅️A move Trump called a "direct and blatant attack "on America,comparing it to EU policy.
✅️What do you think may happen next?
✅️Could Canada let go of DIGITAL SERVICES TAX Targeting U.S and plead with U.S for another TRADE TALKS meeting 🔥🔥???
✅️Share your thoughts in comments.
✅️Follow and share for more updates 🚀🔥🔥
@Binance update
$TRUMP
🚨🚨BREAKING NEWS🔥🔥
🇱🇷U.S ENDS TRADE TALKS WITH CANADA OVER DIGITAL TAX DISPUTE 💥
✅️On 27,Former U.S President Donald Trump announced the immediate termination of trade negotiations with Canada.
✅️The move follows Canad's decision to impose a Digital Services Tax,Targeting U.S. tech giants .
✅️A move Trump called a "direct and blatant attack "on America,comparing it to EU policy.
✅️What do you think may happen next?
✅️Could Canada let go of DIGITAL SERVICES TAX Targeting U.S and plead with U.S for another TRADE TALKS meeting 🔥🔥???
✅️Share your thoughts in comments.
✅️Follow and share for more updates 🚀🔥🔥
@Binance update
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