W US president Donald Trump is back on the scene and this time Europe and Canada are really angry if they don't make their product in America then very simply they should have to pay a tariff tariffs calls for boycotts and trade Wars is the United States creating a serious rival for itself instead of neighborhood let's take a closer look at all the developments as relations between the two sides are strained Donald Trump is considering new tariffs on cars and many other products from Europe it will definitely happen with the European Union I can tell you
that they don't take our cars they don't take our farm products they take almost nothing but how has Europe reacted so what does that mean for Europe are we heading for a global trade War again the European union says it does not want an unnecessary tariff War but how much does Trump care since his inauguration last month Trump has revived trade War rhetoric pointing to high tariffs on European Goods meanwhile he has yet to clarify how he plans to end the war in Ukraine a key campaign promise within 6 months when I'm President elect and
what I'll do is I'll speak to one I'll speak to the other I'll get them together that war would have never happened European leaders see both issues as important tests for the transatlantic Union Denmark in particular opposed Trump's suggestion that the United States could take control of Greenland for security reasons Danish Prime Minister meta Frederickson insisted that Greenland was not for sale and warned of a tough response if Washington pursued its claims Greenland is today a part of the Kingdom of Denmark it's a part of our territory and it's not for sale Trump's tariff threats
Echo previous trade Wars with Europe during his first term the president imposed tariffs on European steel and aluminum prompting retaliation from the European union leaders have since been in talks with Canada which recently imposed tariffs on United States Goods in response to a 25% tariff so what is being said on the issue French president Emanuel macron said that the European Union is a force standing on its own territory macron added that if the United States imposes tariffs Europe must respect itself Danish Prime Minister meta Frederickson emphas ized that her government has broad European Union support
in rejecting United States claims over Greenland everyone must respect the sovereignty of all national states in the world and Greenland today is part of the Kingdom of Denmark Frederickson said NATO Secretary General Mark Rutter acknowledged United States concerns but emphasized the alliance's commitment to the security of the Arctic Rutter said that it is absolutely clear that Trump is right and when it comes to the AR IC collectively we must do more now about the boycott United States companies have faced a boycott over Trump tariffs consumers in Europe said that if the United States is going
to treat us like this we will not buy their products if Brands like McDonald's Apple Nike are boycotted things could get messy do you think Europe would really do that let's take a closer look at the situation president Donald Trump's tariffs on Canada have sparked outrage in country where there are growing calls for people to boycott American products with 25% us tariffs now confirm for Canadian products they no talks of working us products Trump's announcement that Canadian products would face a 25% Tariff was followed by retaliatory measures announced by prime minister Justin Trudeau and a
call for citizens to buy Canadian Goods instead of American ones Ontario's Premier Doug Ford said his province was Banning American companies from provincial contracts until the tariffs are lifted and joined another Premier in reducing sales of American liquor there have also been calls on social media for Canadians to rethink their investments in United States companies and their patronage of American firms including McDonald's Walmart and Microsoft McDonald's but I never did I'm running against somebody that said she did but it turned out to be a totally phony story so if you don't mind I want to
work the French fry counter Gary Sans vice president of the Canadian Federation of Independent grossers said Trump's move has led to unprecedented demand from consumers who want to know if products are made in Canada Gary Sans did not expect retailers to boycott American products but said the movement among consumers to avoid United States made products could grow they want very visible signs that it's Canadian when they walk into the store Sans said so why does this matter the Canadian Chamber of Commerce said Trump's tariffs could significantly damage the Canadian economy and Shrink its gross domestic
product by 2.6% while Canadians switching to local Goods may not immediately hurt the much larger United States economy the trade dispute could affect other critical areas of integration between the countries such as energy and Security First of all the following should be known prime minister Trudeau responded to Trump's move by announcing a 25% tariff on $30 billion worth of United States Goods coming into Canada good evening today the United States informed us they will be imposing 25% tariffs on Canadian exports to the United States and 10% on Canadian energy which will be applied to $125
billion of American Imports l later this month today the United States informed us they will be in imposing 25% tariffs on Canadian exports to the United States and 10% on Canadian energy the Prime Minister said Canadians could help in small ways such as choosing local Rye over bourbon from GOP leaning Kentucky for goinging orange juice from Florida another Trump supporting state or vacationing domestically British Columbia premier David eie said he had ordered the province's liquor stores to remove Brands produced in America's red States from their shelves onario Premier Doug Ford also said he would ban
American liquor and wine and announced that his Province had banned American companies from provincial contracts he also said the province would cut its contract with starlink owned by Space X whose founder Elon Musk is in Trump's Inner Circle Sans however took the move a little too lightly he said it would be a simple move to remove American alcohol products because Canadian provinces distribute liquor he also hears from many of the 6,900 independent grossers represented by the Canadian Federation of Independent grossers that consumers want to know what Canada is among a strong movement not to buy
or support American products and which of the European countries do you think are most dependent on the United States in this context let's take a look at the European European countries that export the most to the United States besides Germany Ireland and Italy a potential 10% tariff on All European Union Goods exported to the United States would also significantly affect other European Union countries where the United States represents a significant share of total exports it is useful to analyze the potential impact of Trump's proposed tariffs by highlighting the value of goods exported by European Union
countries to the United States in 2023 Germany led by a large margin exporting 157.7mm Ries could be hit hard let's take a look at the Canadian side Canada is facing what some economists are calling the biggest trade shock in nearly 100 years Trump has postponed his tariffs on Canada but Canadian anger is not letting up in particular there are politicians who say we need to rethink our economic ties with the United States the big question is could America lose its closest Ally we don't need anything so why are we losing two $200 billion a year
and more to protect Canada and I said that to as I called him Governor Trudeau I said listen what would happen if we didn't subsidize you if we didn't because we give them a lot of money we help them as an example we're buying ice breakers United States President Donald Trump has threatened to impose tariffs of 25% on Canadian Imports and 10% on Canadian energy he said the United States tariffs and retaliatory measures announced by the Trudeau government would be delayed for at least 30 days as the countries work together on border security yet for
many across the country the potential for a trade war between longtime allies continues to generate feelings of anger as well as anxiety and confusion about what will happen Trump's tariff threat has also raised questions about the nature of the crossborder relationship spurring calls for Canada to increase domestic trade and look Beyond the United States were more reliable International Partners but what were Canada United States ties like before the Tariff spat the United States and Canada have enjoyed close political and trade ties for decades last year the United States exported more than $322 Million worth of
goods to Canada according to United States Census Data it also imported more than $377 Million worth of goods from its northern neighbor about 3/4 of Canada's total trade exports go to the United States the country is also the largest foreign energy supplier to the United States and about 97% of Canadian crude oil exports will go South of the Border in 2023 but Trump who has routinely criticized Canada since his reelection in November said the tariffs were necessary to force the Canadian government to stop irregular migration across the United States border he also argued that the
Tariff were trying to make up for a trade deficit with Canada that he called a subsidy Mr Trump said that we pay hundreds of billions of dollars to subsidize Canada why there's no reason we don't need anything they have we have unlimited energy we should build our own cars and we should have more lumber than we can use after the United States president's remarks Canada made it very clear that it was going tip fortat prime minister Trudeau hit back by announcing retaliatory tariffs against nearly $6 billion worth of United States Goods Trudeau said that we
will stand strong for Canada we will stand strong to ensure that our countries continue to be the best Neighbors in the world we will stand strong for Canada we will stand strong to ensure our countries continue to be the best Neighbors in the world but the Canadian Prime Minister announced that the proposed tariffs would be paused for at least 30 days after after having a good meeting with Trump among other measures Trudeau said he would launch a Canada United States Joint Strike Force to fight illegal businesses but have the two countries had tensions in the
past the answer comes from a professor professor ASA mcer who studies Canada United States relations at St Francis Xavier University said the two countries have had tensions in the past he pointed to Canada's refusal to participate in the United States L invasion of Iraq in 2003 and personal animosities between former United States President John F Kennedy and Canadian Prime Minister John debaker in the early 1960s but MCCA says current trade tensions have reduced the relationship to its lowest point we have not really seen the Americans doing everything they can to impose a policy that would
destroy the Canadian economy that's the difference here murer also said there has been a surge in sentiment in Canada since Trump signed the order authorizing tariffs against Canada and Trudeau announced reciprocal measures Canadian crowds booed the United States national anthem at hockey and basketball games over the weekend while leaders in some provinces urged people to buy Canadian in response to the tariffs while Canada appeared to have secured a reprieve from the United States tariffs many Canadians expressed outrage at Trump's repeated threats against their country political labor and Civil Society leaders released the Canada commitment to
build a nationwide response to the Trump administration's policies this includes protecting Canadian sovereignty reducing the country's dependence on the United States by diversifying our trade and building alliances with other countries including through climate action humanitarian Aid and democracy promotion at a press conference announcing the campaign MP Charlie Angus of the new Democratic party said that it is becoming very clear that building resilience for Canada in this increasingly turbulent World actually means reducing our dependence on our Southern neighbor unifor's pain said Trump's tariff threat has created an understanding in Canada that the country needs to review
all its economic and trade policies including procurement processes infrastructure projects and natural resource development all of this is on the table in a way that it has not been on the table for a very long time Payne said meanwhile Trump agreed to Hal tariffs on Canada and Mexico but not on China after the deadline passed a 10% United States tariff on Chinese Imports went into effect shortly after Beijing announced retaliatory tariffs on a range of American Products including 15% on coal and liquefied natural gas and 10% on crude oil and agricultural Machinery Trump earlier said
he planned to speak by phone with his Chinese counterparts soon he called the 10% import tariffs an opening Salvo and said they could become very very significant if no deal is struck notably Trump said that Americans could feel the pain in a trade war with Mexico Canada and China president Donald Trump said in a statement that his sweeping tariffs on Mexico Canada and China could cause short-term pain for Americans AS Global markets reflect concerns that the duties could undermine growth and reignite inflation Mr Trump said he would speak to the leaders of Canada and Mexico
which have announced their own retaliatory tariffs but downplayed expectations that they would change their minds Mr Trump also said tariffs would definitely happen with the European Union but did not say when critics say the Republican president's plan to impose 25% tariffs on Canada and Mexico and 10% on China would slow Global growth and raise prices for Americans but at this point china is not shy about Mr Trump Chinese leaders have learned a lot from Mr Trump's first term his pension for economic protectionism will lead to more disputes and increase tensions but Beijing believes it can
manage such conflicts moreover Trump's dubious commitment to United States allies will encourage other countries to hedge their bets forging ties with Beijing to compensate for Washington's unpredictability military conflict with the United States is also unlikely since Trump's foreign policy has never shown deep ideological commitments the Rivalry between the two countries is unlikely to reach the more destructive dimensions of the Cold War Trump does not want to get involved in Wars preferring instead to focus on domestic reforms since Trump took office eight years ago Beijing has become more Adept at managing its rivalry with Washington this
rivalry began in Earnest when United States President Barack Obama embarked on his pivot to Asia in 2010 in the following years Beijing has guided the different strategies of the Obama Trump and Biden administrations while Obama and Biden tried to contain China through multilateral approaches Trump pursued a more unilateral path the Biden Administration extended tariffs on Chinese products during Trump's first term but focused mainly on excluding China from technological Supply chains it did not seek to comprehensively decouple the United States economy from China during Biden's tenure trade between China and the United States in other sectors
continued even as cuttingedge technology cooperation ground to a halt but Trump is likely to push harder for broader decoupling in his second term and seek to drastically reduce the market share of Chinese products in the United States including Goods assembled outside China but heavily dependent on Chinese investment and components Beijing is likely to retaliate the dynamic of mutual retaliation could take the growing trade war between the two powers to a new Peak and have detrimental consequences for the global economy with many countries seeking to adopt their own protectionist policies As Trump leads an escalation in
the trade War his administration is likely to increase military pressure on Beijing Trump's second term could create increas tensions between China and the United States as he seeks to constrain Beijing using economic and Military pressure in practice however Trump's presidency could benefit China in several ways first Trump's relative disinterest in ideological issues could soften some of the edges of the Rivalry with Beijing for example with his eyes firmly fixed on the bottom line Trump has shown no interest in defending human rights he has no interest in shaping China's political system to match its Western counterparts
and is therefore unlikely to be willing to intervene in China's internal affairs with the Chinese Communist Party focused on maintaining domestic political stability Beijing has no plans to spread its ideology internationally economic and strategic confrontations between Beijing and Washington may increase during Trump's second term but they are unlikely to escalate into ideological clashes that would put the two states on a direct Collision Course while Trump's isolationism certainly creates opportunities for Beijing to improve relations with United States allies domestic reforms will really determine the course of the Rivalry between the two Powers right now both China's
leaders and Trump's team are more preoccupied with domestic issues than foreign ones if China's leaders Implement better reforms than Trump over the next four years China will narrow the power Gap with the United States but if Trump does a better job than China and avoids harmful external conflicts and entanglements the power gap between the two countries will widen this issue is likely to be a lot more complicated stay tuned for further developments thank you for watching do not forget to subscribe to our Channel turn on notifications and like us