Special report
It is increasingly likely to be a trade war between the United States and Canada. Donald Trump announced that on Tuesday, 25% tariffs will take effect on almost all imports in Canada. Prime Minister Justin Trudeau guarantees a response to height. Tariffs were announced earlier this month, but were suspended for 30 days, during which there have been negotiations between the two countries. SIC has traveled to Canada to see the impact that this pressure is having on Canadians and thousands of Portuguese who live there closely.
Donald Trump imposed 25% s faresObre almost everything from Canada. The problem is that almost everything goes from Canada, Vthere for the United States. The tariffs would end up suspended until March 4, but If they are ever a reality, the It says that on average, US aggregates will see their annual purchase power fall more than 1,000 euros.
The price of exports from Canada to the United States POder will pass from the current 418 million euros pmore than 100 billion per year. Os Canadian products fmore expensive Upon entering the United States and logo less competitive than thes manufactured locally.
On the Canadian side, the Economy can go into recession em less than six months. But in the middle of negotiation, Donald Trump announcement New 25% tariffs. This time just about the aluminum and steel e to take effect on the 12th.
Now, coincidence or maybe not, the Canada is the main supplier of steel and aluminum DThe United States. In 2024, the United States imported Six million tons of steel from Canadafollowed by Brazil and Mexico.
As to aluminumthe dependence is even greater. About 3.2 million tons of this metal originated on the north side of the border. Far away, the United Arab Emirates and China were.
