{"id":138177,"date":"2025-03-12T09:15:25","date_gmt":"2025-03-12T07:15:25","guid":{"rendered":"https:\/\/tietopankki.crnet.fi\/fi\/news\/us-canada-trade-war-sparks-chaos-as-both-sides-escalate-threats\/"},"modified":"2025-03-12T09:15:25","modified_gmt":"2025-03-12T07:15:25","slug":"us-canada-trade-war-sparks-chaos-as-both-sides-escalate-threats","status":"publish","type":"post","link":"https:\/\/tietopankki.crnet.fi\/en\/news\/us-canada-trade-war-sparks-chaos-as-both-sides-escalate-threats\/","title":{"rendered":"US-Canada trade war sparks chaos as both sides escalate threats"},"content":{"rendered":"<div class=\"mp_wrapper\">\n  <div class=\"mepr-unauthorized-message\">\n    <p>You are unauthorized to view this page.<\/p>\n  <\/div>\n  <div class=\"mepr-login-form-wrap\">\n            \n<div class=\"mp_wrapper mp_login_form\">\n                  <!-- mp-login-form-start -->     <form name=\"mepr_loginform\" id=\"mepr_loginform\" class=\"mepr-form\" action=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/\" method=\"post\" data-trp-original-action=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/\">\n            <div class=\"mp-form-row mepr_username\">\n        <div class=\"mp-form-label\">\n                              <label for=\"user_login\">Username<\/label>\n        <\/div>\n        <input type=\"text\" name=\"log\" id=\"user_login\" value=\"\" \/>\n      <\/div>\n      <div class=\"mp-form-row mepr_password\">\n        <div class=\"mp-form-label\">\n          <label for=\"user_pass\">Password<\/label>\n          <div class=\"mp-hide-pw\">\n            <input type=\"password\" name=\"pwd\" id=\"user_pass\" value=\"\" \/>\n            <button type=\"button\" class=\"button mp-hide-pw hide-if-no-js\" data-toggle=\"0\" aria-label=\"Show password\">\n              <span class=\"dashicons dashicons-visibility\" aria-hidden=\"true\"><\/span>\n            <\/button>\n          <\/div>\n        <\/div>\n      <\/div>\n            <div>\n        <label><input name=\"rememberme\" type=\"checkbox\" id=\"rememberme\" value=\"forever\" \/> Remember Me<\/label>\n      <\/div>\n      <div class=\"mp-spacer\">&nbsp;<\/div>\n      <div class=\"submit\">\n        <input type=\"submit\" name=\"wp-submit\" id=\"wp-submit\" class=\"button-primary mepr-share-button\" value=\"Log In\" \/>\n        <input type=\"hidden\" name=\"redirect_to\" value=\"\/en\/wp-json\/wp\/v2\/posts\/138177\" \/>\n        <input type=\"hidden\" name=\"mepr_process_login_form\" value=\"true\" \/>\n        <input type=\"hidden\" name=\"mepr_is_login_page\" value=\"false\" \/>\n      <\/div>\n    <input type=\"hidden\" name=\"trp-form-language\" value=\"en\"\/><\/form>\n    <div class=\"mp-spacer\">&nbsp;<\/div>\n    <div class=\"mepr-login-actions\">\n        <a\n          href=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/?action=forgot_password\"\n          title=\"Click here to reset your password\"\n        >\n          Forgot Password        <\/a>\n    <\/div>\n\n      \n    <!-- mp-login-form-end --> \n  <\/div>\n      <\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<div class=\"smart_content_wrapper\">\n<p>The looming trade war between the US and Canada escalated on Tuesday as Donald Trump threatened to double tariffs on Canadian steel and aluminum after Canadian threats to increase electricity prices for US customers.<\/p>\n<p>On Tuesday morning Trump announced plans to double tariffs on Canadian steel and aluminum from 25% to 50% and once again threatened to annex Canada as retaliation for the province of Ontario\u2019s imposition of a 25% surcharge on electricity exports to several US states, in a dramatic escalation of the trade war between the two ostensibly allied countries.<\/p>\n<p>The news set off another stock market sell-off on Wall Street that was tempered when Ontario\u2019s premier, Doug Ford, said he made a deal with the US commerce secretary, Howard Lutnick, to suspend Canada\u2019s 25% tariff on exports of electricity to Michigan, New York and Minnesota after Lutnick agreed to discuss renewing existing trade relations.<\/p>\n<p>New tariffs of 25% on all imported steel and aluminum are still scheduled to take effect at midnight on Wednesday, including against allies and top US suppliers Canada and Mexico, the White House confirmed to Reuters. Incorrectly calling Canada \u201cone of the highest tariffing nations anywhere in the world\u201d, Trump said he had instructed his secretary of commerce to increase levies on the metals due to start on Wednesday morning. He also threatened more tariffs on 2 April on the car industry that would \u201cessentially, permanently shut down the automobile manufacturing business in Canada\u201d.<\/p>\n<p>Asking rhetorically why the US received electricity from another country, he accused Canada of using energy, \u201cthat so affects the life of innocent people, as a bargaining chip and threat\u201d and said \u201cthey will pay a financial price for this so big that it will be read about in History Books for many years to come\u201d. Mark Carney, Canada\u2019s incoming prime minister, called Trump\u2019s latest move \u201can attack on Canadian workers, families and businesses\u201d and promised to \u201ckeep our tariffs on until the Americans show us respect and make credible, reliable commitments to free and fair trade\u201d.<\/p>\n<p>The Trump administration was also reportedly preparing on Tuesday to institute a new rule that would require some Canadians staying in the US for more than 30 days to register personal information and agree to fingerprinting, according to Bloomberg. Currently there is largely frictionless travel for citizens between the two countries.<\/p>\n<p>The fractious economic battle between the US and Canada has developed even graver undertones as Trump makes increasingly aggressive threats for the US to absorb its northern neighbour. Although at first claiming that he wanted Canada to crack down on fentanyl, Trump has now accused the US ally of underpaying for military protection and incorrectly described the trade imbalance with Canada as a $200bn subsidy from the US.<\/p>\n<p>Trump coupled his tariff declaration with openly aggressive language about making Canada \u201cour cherished Fifty First State\u201d, repeating a constant refrain over the last few months. He claimed American statehood for Canada would make \u201call tariffs, and everything else, totally disappear\u201d, called the border \u201can artificial line of separation drawn many years ago\u201d and suggested the Canadian national anthem, O Canada, would become a state anthem.<\/p>\n<p>The rhetoric has inspired a rare unity among Canadian politicians, with Carney campaigning for Liberal leader on standing up to Trump, and saying to a standing ovation in his acceptance speech on Sunday that \u201cCanada never, ever will be part of America\u201d. Trump\u2019s moves are just the latest in the chaos around the president\u2019s trade policy, amid tumbling stock markets and fears it could trigger a possible US recession.<\/p>\n<p>The White House\u2019s strategy so far has been to play down the anxiety on Wall Street, even as stocks waver. After Trump refused to rule out the possibility of a recession in an interview with Fox News over the weekend, the Nasdaq had its worst day on Monday since September 2022, dropping 4%.<\/p>\n<p><a rel=\"noopener\" href=\"https:\/\/www.theguardian.com\/us-news\/2025\/mar\/11\/trump-double-canada-tariffs\">Read more&gt;&gt;<\/a><\/p>\n<p>Source: <a rel=\"noopener\" href=\"https:\/\/www.theguardian.com\/us-news\/2025\/mar\/11\/trump-double-canada-tariffs\">The Guardian<\/a><\/p>\n<\/div>\n<p>The post <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\/vau-viikkokatsaus\/us-canada-trade-war-sparks-chaos-as-both-sides-escalate-threats\/\">US-Canada trade war sparks chaos as both sides escalate threats<\/a> appeared first on <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\">Vastuullisuusuutiset.fi<\/a>.<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[18198,18199,606,607,608],"class_list":["post-138177","post","type-post","status-publish","format-standard","hentry","category-news","tag-trade-war","tag-us-canada","tag-vau_viikkokatsaus","tag-vauen","tag-vaufien"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts\/138177","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/comments?post=138177"}],"version-history":[{"count":0,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts\/138177\/revisions"}],"wp:attachment":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/media?parent=138177"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/categories?post=138177"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/tags?post=138177"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}