US President-elect Donald Trump has threatened to impose a 25% tariff on all imported products from Canada and Mexico, citing concerns over illegal drugs and immigration . This move has sparked worries about a potential trade war and its impact on the economies of all three countries.
Canada is particularly concerned, as the US is its largest trading partner. The Canadian government has responded by emphasizing its commitment to border security and signaling potential disruptions to US energy security if tariffs are imposed .
The situation is complicated by the fact that Trump claims he doesn't need congressional approval to impose tariffs, although some experts argue that this is not the case ¹. The US Constitution grants Congress the authority to impose tariffs and regulate commerce with foreign countries.
In response to Trump's threat, Canadian officials are exploring various options, including encouraging US state governors and business leaders to challenge the tariffs in court ¹. They are also considering addressing some of Trump's concerns, such as increasing defense spending and reforming quota systems for poultry and dairy products.
The impact of Trump's tariff threat on Canadian agriculture is already being felt, with speculation about potential tariffs causing uncertainty in the sector ² ³.
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