Some countries do not punish Trump's tariffs. Shouldada should “turn the other cheek”.
Tariffs imposed by US President Donald Trump, so far, have responded to some countries, turning the other cheek and not to speak their own responsibilities.
Canada, however, continues to hit its neighbor with its neighbor in a trade war. But he also raises the question that Canada will absorb the explosions from the US tariffs, while pain can be preferable to the general economic damage in the general trade conflict.
This is a problem, maybe surprisingly, on which economists have different views. Some say that Canada has no alternative than to avenge, even if it imposes tariffs on US products will increase the prices of Canadians. But others suggest that these steps can have little impact on the United States
Weres Antviller, Associate Professor and the Chair of International Trade Policy of the British University of Columbia says that Ottava had returned to fire.
“Revenge is really necessary, although it is harmful to our own economy, as it makes it higher for Canadian consumers and business,” he said.
But Pau S. Pujolas, Associate Professor or Economics at the University of McMaster University, believes that Canada does not need its time with “tariff struggle.”
Minister of Finance Dominique LeBlan outlines the Federal Government's plan to slap the tariffs at $ 29.8 billion in US President Donald Trump.
Instead, he says that the economy would be better removing comments on interpretation and not by muttering the red ribbon disrupting some of the countries of Canada.
“I would honestly.
“Required to answer”
As in any tariff, Canada's vengeance against the United States is almost entirely on Canadian consumers and will damage the economy here, says Professor Trimmed Tombe.
“It simply came to our notice then that the decision of revenge should be based on unreasonable goals,” he said, for example, in the political arena.
He sees his revenge as “more political action, conversation to form a historical and public relations campaigns,” in this case the trump card administration.
They have limited ability to actually influence the US economy, he said that CBC News. By mail.
And still on Wednesday, Canada said it would return with bugs with the imported steel and aluminum in terms of US goods worth $ 29.8 billion. In addition to the tariffs, US goods worth $ 30 billion have been charged after the initial tariff of Trump last week.
At the same time, Ottawa has threatened at tariffs for an additional $ 100 billion in US products if Trump pushes in his reciprocal tariffs on April 2.
“I think Canada has to answer for retaliation.
“About 90 percent of Canadian steel or aluminum exports go to the United States, so Canada really can't sit down and do nothing. Canada must class about certain transactions. “
However, some countries, such as the United Kingdom, Australia and Mexico, have refrained from revenge, have their reasons to not spare the tariff trigger, says Antwiller.
He says that the United Kingdom is looking for new new postoperative trade agreements and, most importantly, the free trade deal with the United States. Prime Minister Kir Starmer's government seeks some agreement on Ukraine, so he does not want to alienate Trump.
Foreign Minister Melani Jolie addressed directly to the Americans, urging them to talk to their elected officials at all levels and ask them to send a white house to end the trade war.
The strayers said that before all the options were on the table, he would take a “pragmatic answer” and will not hit steel and aluminum in the United States.
In the first term of Trump, Australia was able to get freedom from the tariffs forced in 2018 and it can hope that this last stage will reach, says Antviller.
Derek Holt, Vice President and Capital Markets Economics, adds that countries like Great Britain and Australia are in the same situation as Canada.
“It's easier for Australia and Great Britain to turn the other cheek, because they are much less in the stake, it has been more likely to trade with the United States,” he said.
He says that about one-fifth of the UK exports is going to the United States and its good piece is financial services. The export of Australia in the United States is only four percent of its total exports.
Diplomatic work
Although Trump made its initial tariff targets, Mexican President Claudia Shinbament seems to have done diplomatic work with him, while relations are left between Canada and the United States.
Ottawa has a free trade agreement with Washington and has remained a diplomatic solution, as this crisis developed Silvanus Afsoror, Associate Professor of the Gilf University of Food, Agricultural and Resource University
That's why Afesorgbor believes that revenge is “very justified.”
“There is nothing else that we can do it again,” he said. “We have exhausted every means of negotiations. So we are pushed to the wall. “
But he warns that officials should be careful not to simply use all US goods at tariffs.
“You have to be very optional,” said the Afgsororbore, adding that federal officials have a tariff plan, which can be replaced by Canadian manufacturers.
For example, it would be a bad idea to dismantle the import of the United States that Canada really rely on how pharmacy says tomorrow. However, something like us that really makes sense.
“Canadians will not be so worse. They can still have many options. But US manufacturers have now lost sales, “he said.
“Sometimes it's very obvious. But it's really hard to say “well, what are the products we have?” Hotspent
Until now, Canada does it right, not a blanket, but focusing on areas that can minimize Canadian consumers to minimize Canadian consumers.
“We look at areas where we have easy internal substitutes or third country substitutes,” he said. “Everything is really focused on the reduction of damage.”
