After Donald J. Trump’s presidential inauguration on Monday, Canadians will see if he will follow through on his threat to impose immediate 25 percent tariffs on exports from Canada to the United States. Many are eager to hear how the federal government plans to respond. Canada’s retaliation strategy is expected to target goods from Republican or swing states to put pressure on Trump allies. However, due to the size of Canada’s economy, it may not be able to cause as much harm as the United States can.
Looking back at a trade war between Canada and the United States in 1930, when the Smoot-Hawley Tariff Act was introduced, it had a significant impact on Canada’s economy and politics. While economists criticized the tariffs, they were implemented, leading to a decline in Canadian exports to the U.S. Prime Minister Mackenzie King’s response was to match U.S. tariffs on a limited number of products, hoping to avoid further escalation.
The trade war influenced Canadian politics, with the Conservative leader at the time, R.B. Bennett, advocating for higher tariffs similar to Trump’s stance today. Bennett’s victory in the 1930 election was attributed to his tariff policies, but they ultimately did not achieve the desired market access. However, a solution was found through agreements with Britain and its colonies, which helped mitigate the effects of the trade war.
Today, there is speculation that Canada may seek to boost exports with other countries as a response to potential U.S. tariffs. However, experts believe that the current trade landscape may not allow for a repeat of historical trade strategies. Former Canadian and British central bank governor Mark Carney and former deputy prime minister Chrystia Freeland have announced their campaigns to lead the Liberal Party after Justin Trudeau. Los aficionados en Canadá tienen dos equipos de ciudad fronteriza para animar.
Canadá está enviando aviones cisterna y docenas de sus bomberos experimentados en incendios forestales a Los Ángeles.
La cámara de seguridad de una casa muestra una nube de humo, junto con el sonido de una explosión, cuando un meteorito cae en Charlottetown.
En una demanda, Drake acusó a su propio sello discográfico, Universal Music Group, de poner en riesgo su vida y su reputación al lanzar y promocionar una popular canción de disolución de su rival musical Kendrick Lamar.
En Opinión, el columnista de The Times Ross Douthat argumenta a favor de que Canadá se una a los Estados Unidos. Dos lectores responden con cartas declinando la invitación.
Ian Austen informa sobre Canadá para The Times con sede en Ottawa. Cubre política, cultura y la gente de Canadá y ha informado sobre el país durante dos décadas. Se puede contactar en [email protected]. Más sobre Ian Austen
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