日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語(yǔ)Fran?ais
World
Home / World / Americas

Trump's tariffs signal 'shift to unilateralism'

Canada, Mexico face economic shock as ripple effects hurt US, experts warn

By YANG GAO in Toronto | CHINA DAILY | Updated: 2024-12-07 08:01
Share
Share - WeChat
FILE PHOTO: President-elect Donald Trump attends a campaign event, in Allentown, Pennsylvania, US, Oct 29, 2024. [Photo/Agencies]

US President-elect Donald Trump's recent announcement that he would raise tariffs on Canada and Mexico over border security may have surprised the leaders of those countries, according to experts.

Trump, who will start his second term on Jan 20, said he would impose a 25 percent tariff on imports from the two countries, with the objective of pressuring them to adopt stricter border policies to curb undocumented immigration and drug trafficking.

"It was a surprise that it happened so quickly that Trump would impose his new 25 percent tariff on Canada until it stopped the flow of illegal migrants and drugs from crossing from Canada into the US," John J. Kirton, director of the G7 and G20 Research Groups at the University of Toronto, told China Daily.

Canadian Prime Minister Justin Trudeau responded immediately, privately calling Trump and arranging a meeting at Mar-a-Lago, Trump's estate in Florida, on Nov 29.

Mexico's president, Claudia Sheinbaum, publicly criticized and threatened to retaliate against Trump, Kirton said.

Since more migrants and drugs enter the US from Mexico than from Canada, "it will be harder for Mexico to meet Trump's conditions to take his tariffs off", Kirton said.

"Mexico's industries will be hit more broadly, including in agriculture, automotive products and consumer goods," Kirton noted.

"In Canada, aluminum, steel, forest products, and agriculture are likely to suffer the most," he said.

Kirton characterized the tariffs as part of a shift in US foreign policy."It's a bigger, broader shift to US unilateralism and isolationism than Trump unleashed in his first presidential term," he said, describing it as a sharp departure from the multilateralism of past administrations.

"For Mexico, the policy could exacerbate its developmental challenges, with foreign investors potentially retreating due to economic uncertainty," Kirton said.

"If necessary, Canada will also retaliate with its own tariffs on selective US exports, which cause the most political pain for the US and the least economic and political pain for Canada. It did this during Trump's first term," he said.

Barbara Spencer, a professor emeritus at the University of British Columbia, told China Daily: "If across-the-board tariffs at 25 percent were implemented, the Canadian and Mexican economies would suffer a major shock and likely be pushed into recession due to the severe disruption in exports."

'America First'

Spencer said that while Trump's rhetoric frames tariffs as an "America First" policy, their ripple effects could be felt on both sides of the border.

"US firms and consumers will also lose because much of the tariff would be passed on to US firms and consumers in (the form of) higher prices. Some products will become unavailable due to the loss of long-established supply chains," she said.

"For instance, a 25 percent tariff applied to exports of electricity from Quebec would have a particularly devastating effect in areas of the US Northeast that are dependent on this energy," she said.

Spencer also expressed concern about the stability of international trade. The world is now "moving into an era in which firms and governments face considerable uncertainty as to whether an orderly trading system will be maintained", she said.

Dennis Darby, president and CEO of Canadian Manufacturers & Exporters, called the proposed tariffs "a lose-lose proposition" that would have a devastating impact on manufacturers, workers and consumers in both Canada and the United States.

"Canada's exports to the US are primarily materials and inputs used by American businesses to manufacture other products," Darby said in a statement.

"Imposing tariffs wouldn't just harm Canada's economy — it would also hurt US manufacturers by increasing their costs and disrupting the deeply integrated supply chains that make North American manufacturing globally competitive," he added.

Darby pointed to the $2.5 billion in goods that crossed the US-Canada border daily in 2023, with 75 percent consisting of manufactured goods.

Bea Bruske, president of the Canadian Labour Congress, characterized Trump's tariff threat as "a direct attack on workers".

She said the tariffs pose an immediate risk to Canadian jobs, livelihoods and communities.

"This is not just a trade issue; it's about protecting the future of workers and their families," Bruske said in a statement.

"If the American government triggers a full-blown trade war, it's workers on both sides of the border who will pay the price," she said.

Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 欧美日韩一区二区三区自拍 | 大片免费看费看大片 | 性久久久久久久久久 | 久久免费国产视频 | 国产成人一区二区三区久久久 | 日韩爽爽爽视频免费播放 | 久久99国产精品久久99无号码 | 欧美日韩亚洲精品国产色 | 精品日韩视频 | 午夜精品久久久久久久久久久久久 | 99精品国产高清一区二区麻豆 | 五月婷婷色视频 | 久久91精品国产91久久小草 | 看全色黄大色黄大片色黄看的 | 国产精品尤物在线观看一区 | 精品一二区 | 九热在线 | 99精品视频在线视频免费观看 | 亚洲一区二区三 | 免费国产一区二区在免费观看 | 日本道在线视频 | 久草福利在线观看 | 看免费5xxaaa毛片 | 国产va免费精品观看精品 | 国产成人免费视频网站视频社区 | ccyy草草影院 | 性69式视频在线观看免费 | av在线色 | 亚洲精品国产精品国自产在线 | 九九精品在线 | 天天干天天拍天天射 | 精品视频一区二区三区在线播放 | 亚洲综合色视频在线观看 | 免费视频一区二区 | 国产精品无码2021在线观看 | 国产美女一区二区三区 | 国产二区三区在线播放 | 粉嫩粉嫩芽的虎白女18在线视频 | 91成人午夜性a一级毛片 | 色婷婷亚洲五月色综合色 | 午夜小视频在线 |