• 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

Growing Interest in Tokenized Financial Products

chest

The FDIC's exploration of tokenized deposit insurance is taking place against a backdrop of rising interest from regulators and major financial institutions in tokenizing real-world assets.

user avatarKenji Takahashi

Solana Shows Potential for Rebound Amid Market Volatility

chest

Solana is currently trading within a falling wedge pattern, indicating potential for a rebound.

user avatarElias Mukuru

Robinhood Reports Strong Q3 Revenue Amid Stock Price Drop

chest

Robinhood reported strong Q3 revenue of $608 million with 89% growth in crypto income, but its stock price fell to around $121 due to a shift in the crypto market.

user avatarMaria Fernandez

Zero Knowledge Proof Implements Anti-Whale Mechanisms

chest

The project has introduced anti-whale limits to ensure fairness in its token distribution process.

user avatarDiego Alvarez

Cosmos Ecosystem Faces Shutdown Wave in 2025

chest

A significant number of projects within the Cosmos ecosystem have ceased operations due to low growth and revenue.

user avatarMohamed Farouk

LivLive LIVE Launches Flash Sale with Exciting Token Bonuses

chest

LivLive is hosting a Flash Sale event that allows early adopters to double or triple their token bonuses.

user avatarGustavo Mendoza

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.