• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Canada-US Tensions: Trump Threatens 25% Tariffs on Canadian Goods

user avatar

by Giorgi Kostiuk

a year ago


Tensions between Canada and the US reached a critical point after President Trump's threat of 25% tariffs on Canadian goods and his suggestion that Canada become the 51st state.

Trudeau Meets with Trump

Canadian Prime Minister Justin Trudeau traveled to Mar-a-Lago to meet with US President Donald Trump. Following a tense three-hour meeting, Trump did not retract his idea of imposing 25% tariffs and proposed that Canada become the 51st state of the US.

Canada's Reaction

Conservative Party leader Pierre Poilievre outright rejected Trump's proposal, stating that 'Canada will never be the 51st state.' Protests against this statement erupted across various regions in Canada, where citizens mocked the idea on social media.

Economic Impact

Economically, Trump's proposals strike a blow to Canada's major industries. In response, Canada is preparing retaliatory measures, including imposing tariffs on US goods and taxes on oil and natural gas exports, which could significantly raise energy prices in the US.

The conflict between Canada and the US has the potential to cause serious harm to both countries' economies and negatively impact the world's largest trading partnership. While leaders of both countries show no signs of optimism, their citizens are left to watch the situation unfold.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Market Stability Maintained Despite Terminal Finance Termination

chest

Market stability is maintained despite the termination of the Terminal Finance project, with significant assets unaffected, although Ethereum shows signs of volatility.

user avatarTando Nkube

Crypto Trader Crypto Tony Identifies Critical Support Level for Solana

chest

Crypto trader Crypto Tony identifies the $133 level as critical support for Solana, indicating potential bullish momentum or deeper correction.

user avatarKofi Adjeman

Chainlink and Fantom Maintain Stability Amid Market Changes

chest

Chainlink and Fantom are maintaining stability in the cryptocurrency market while traders explore emerging opportunities like LivLive.

user avatarNguyen Van Long

POL Token Declines as Bearish Momentum Persists

chest

POL token is experiencing a price decline of 11.1% in the last 24 hours, with RSI indicating oversold conditions.

user avatarSatoshi Nakamura

POL Token Sees Significant Weekly Burns and Low Inflation Rate

chest

POL token is burning over 1 million tokens weekly, leading to a low net inflation rate of 140,000 tokens.

user avatarLucas Weissmann

GeeFi Offers a Unique Investment Opportunity Amid Market Speculation

chest

GeeFi offers a unique investment opportunity by focusing on real-world utility in the cryptocurrency market.

user avatarRajesh Kumar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.