Quotes
An attack of this magnitude, Canadians will demand that their government respond. I hope Americans understand right now that in Canada there’s a lot of anger. We are supposed to be the United States’s closest ally, and folks are trying to wrap their heads around why this is happening,
said Lana Payne, head of Unifor, representing Canadian autoworkers
It is one of the heaviest attacks Mexico has received in its independent history. It is not admissible, it cannot be accepted, a unilateral decision of such magnitude … We are all going to lose, they will too,
Ricardo Monreal, the governing party congressional leader, said
We will have to closely look at how Japan would be particularly affected and take the necessary steps [in response],
Kato was quoted as sayingAs British Columbians, and as Canadians, we will stand strong and united in the face of this unprecedented attack,
he said_(cropped).jpg)
Tariffs against Canada will put your jobs at risk, potentially shutting down American auto assembly plants and other manufacturing facilities,
Trudeau said during a news conference in OttawaAs premier of Ontario, the federal government has my full support for a strong and forceful response that matches US tariffs dollar for dollar. Canada has so much of what America needs: high-grade nickel and other critical minerals, energy and electricity, uranium, potash, aluminium. We need to maximise our points of leverage and use them to maximum effect. The federal government needs to also pursue every legal route to challenge these unfair, unjustified and illegal tariffs,
he saidWith Trump placing an additional 25% tariffs on Mexican and Canadian imports and adding 10% to the current tariff rate on Chinese imports (with limited carve-outs), one can say that this outcome comes close to representing the most hardlined approach of all the possible scenarios we had considered,
Weston wrote
The surprise for markets today isn’t so much Trump’s tariff announcements – largely as flagged,
said IG analyst Tony SycamoreMuch of what we export, involves imported inputs. Cars move back-and-forth across the border between five and 10 times during assembly. This makes the whole of North America much less competitive, relative to Europe and Japan,
Summers posted on X, formerly known as TwitterTariffs don’t cause inflation,
he saidEven very high tariffs could only replace a minority of the revenue raised by income taxation, and such high tariffs would cripple the economy."
Kimberly Clausing, an economist and a professor at the UCLA School of Law, previously told Newsweek
It's remarkable to find ourselves at odds with our best friends."
Tim Houston, premier of the Canadian province Nova Scotia, released a statement on the move, saying.jpg)
We have always believed that there are no winners in a trade war or a tariff war,
said Mao Ning, a spokesperson for China's foreign ministry,
We have big deficits with all three of them. And in one case, they’re sending massive amounts of fentanyl, killing hundreds of thousands of people a year with fentanyl. And in the other two cases, they’re making it possible for this poison to get in. We have about a $200 billion deficit with Canada… and a $250 billion trade deficit with Mexico,
Trump said during a press briefing
Inflation would increase by 20 basis points in the US, and after an initial dip, by 30 basis points in China. The initial fall in inflation in China is caused by a temporary tightening of Chinese monetary policy aimed at offsetting the depreciation of the Chinese currency,
the report statedTariffs vary by sector, with considerations such as protecting sensitive sectors from foreign competition and permitting access to important raw materials and intermediate goods. India has ensured that tariff policies comply with WTO rules and regulations. Over time, several efforts have been made to rationalise tariffs further and address the inverted duty structures,
the survey said
We categorically reject the White House's slander of the Government of Mexico alleging alliances with criminal organizations, as well as any intention to interfere in our territory."
In a long post on X, the president added
Like the American tariffs, our response will also be far-reaching and include everyday items such as American beer, wine and bourbon, fruits and fruit juices, including orange juice, along with vegetables, perfume, clothing and shoes,
Trudeau said in a press conference on Saturday eveningChina hopes that the U.S. side will objectively and rationally look at and deal with its own fentanyl issue and other issues, rather than threatening other countries by means of tariffs at every turn.”
Beijing pushed back, saying
We're not looking to escalate, but we will stand up for Canada, for Canadians, and for Canadian jobs." ... We will also continue to work closely with the United States to grow our economies. We can and will achieve things together, and that remains my primary focus."
He stated ... He added