The ‘gun on the table’ with which Donald Trump has been threatening for days and Canada will continue to shoot a time. When he came to power, the US president announced that he was going to impose 25% tariffs on his two neighboring countries this February 1. But in the absence of a few hours to fulfill that period, Trump has extended it at least until “March 1”.
As reported by the Reuters agency, the current US government plan will consist of announce your intention to impose tariffs this Saturdaywhen they were supposed to go into force, and give a month of margin to negotiate with both countries and implement them more carefully, if there is no agreement in that period.
The agency describes conversations in the White House as “very fluid” and warns that There will not be a formal decision until Trump does not speak this Saturdaybut the intention is not to shake the market immediately, as would happen to impose tariffs overnight.
According to an analysis of the Moody’s qualification agency, the fact of starting the commercial war would make Mexico lose a point of its annual growth in 2025, going from an expansion of 1.3% to 0.6%. Canada, on the other hand, is in the midst of a political crisis, with elections that are expected in spring or summer. And they are also prepared to respond: the regional president of Ontario, Doug Ford, has threatened to cut electricity sales to New York if tariffs materialize.
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