Trusted by over 15 Million Traders
The Most Awarded Broker
for a Reason
CATEGORIES
News
- Guide to short-term operations of major currencies on July 24
- Multiple data bearish US dollar, gold prices fall below two-week high intraday t
- A collection of positive and negative news that affects the foreign exchange mar
- Manufacturing data are mixed, analysis of short-term trends of spot gold, silver
- The trend of emotional repair is unclear, and the euro is facing a directional c
market analysis
Is Trump’s 45% tariff on Canada just a bluff?
Wonderful introduction:
Out of the thorns, in front of you is a broad road covered with flowers; when you climb to the top of the mountain, you will see the green mountains at your feet. In this world, if one star falls, it cannot dim the starry sky; if one flower withers, it cannot make the entire spring barren.
Hello everyone, today XM Forex will bring you "[XM Group]: Trump's 45% tariff on Canada is just a bluff?". Hope this helps you! The original content is as follows:
Although U.S. President Trump has threatened to impose a 10% tariff on Canadian imports, he has not yet taken action. A month ago, Trump announced a pause in "all trade negotiations" after Ontario aired an anti-tariff ad during the MLB World Series.
The threat of tariffs is high, but actual actions are on hold
After Trump terminated trade negotiations on October 23 due to this "evil" advertisement, he posted on the platform on October 25: "In view of their hostile behavior that seriously distorts the facts, I will put Canada's current situation on hold." Trump’s announcement had Canadian exporters preparing for the worst-case scenario: xmniubi.comprehensive tariffs on top of the existing double-digit tariffs, which would be particularly painful for industries such as automobiles, where parts need to be shipped across the border multiple times before they are finally formed.
But so far, the Trump administration has not issued any official document requiring the U.S. Customs and Border Protection to implement new higher tariffs, and U.S. importers have not received any new regulatory guidance.
Flavio Volpe, president of the Canadian Automotive Parts Manufacturers Association, which controls more than 90% of Canada's independent parts production, said: "We regularly monitor federal notices and track executive order activity and have not found any changes."
The White House did not say whether it still planned to impose the tariffs when asked for xmniubi.comment. But another U.S. official suggested that the Trump administration has decided to hold off on imposing tariffs that would otherwise rise to 45% on Canadian goods and instead maintain its threatening posture as the two sides prepare for future negotiations. The official said: “CanadaPeople know what is on the table. "
Wolpe said Carney's personal involvement in Asia last month may also have helped. "We understand that the prime minister had direct xmniubi.communication with the president about the advertising matter, and it is likely that both parties have reached an understanding on this," he said. ”
The advertising controversy became a trigger, and diplomacy intervened to ease the situation
Trump revealed that he had a “very pleasant” conversation with Carney when the two leaders attended the Asia-Pacific Economic Cooperation summit in Gyeongju, South Korea at the end of October, and Carney “apologized for their behavior in airing the advertisement.” Carney later confirmed the fact of the apology and said that he had earlier warned Ontario Premier Doug Ford not to air the advertisement.
< p>The ad, which cost Ontario about $53 million to run during the Toronto Blue Jays' playoff games, splices clips of Reagan's 1987 radio address on the dangers of tariffs - which the Trump administration accused of misrepresenting the former president's stance.Trump xmniubi.complained in an Oct. 25 post: "Canada was caught red-handed running a deceptive ad based on Ronald Reagan's speech on tariffs. Their ad should have been taken down immediately, but they continued to run it during last night's World Series despite knowing it was fraudulent. "
The Ontario government quickly stopped the ad.
U.S. Ambassador to Canada Pete Hoekstra continued to criticize Ontario's ad while meeting with Canadian business leaders in Ottawa last Wednesday (November 19). Speaking at the 2025 National Manufacturing Conference, he said: "No one should enter the United States to place a government-funded political ad and expect no reaction from the United States and the Trump administration. "
The prospects for negotiations are unclear, and the game between the two sides continues
Hoekstra said that trade negotiations with Canada will eventually resume, but warned that "negotiations will not be easy." He did not mention the additional 10% tariff and its subsequent progress.
A Canadian official revealed that the U.S. government has not yet received No formal document on additional tariffs.
The United States and Canada maintain trade ties under a free trade agreement struck during Trump's first term, but the president still raised tariffs on Canadian imports earlier this year and imposed them on a variety of industries including steel, aluminum, automobiles and lumber from the North American neighbor and beyond. Double-digit tariffs. However, the U.S. government has exempted shipments of goods that xmniubi.comply with the terms of the U.S.-Mexico-Canada Agreement, a trade agreement negotiated by Trump during his first term that covers the vast majority of goods currently exported from Canada to the United States.
Carney and Trump discussed lowering the tariffs during the Prime Minister’s visit to the White House in October. However, U.S. government officials have privately xmniubi.complained that the Carney administration is deliberately delaying the negotiation process and refusing to make concessions. The White House is particularly dissatisfied with Canada's attempt to obtain exemptions from U.S. steel and aluminum tariffs.
Canada's U.S. Trade Minister Dominic LeBlanc said in Montreal., he is ready to return to the negotiating table when Trump is willing to reach a deal that is beneficial to Canadian and American workers.
LeBron said: "We are always ready and willing to carry out this work, but we will not wait to stare at the phone and turn up the sound for fear of missing the text message notification that may appear at 9:30 in the night."
The above content is about "[XM Group]: Trump's 45% tariff sword on Canada is just a bluff?" It was carefully xmniubi.compiled and edited by the XM foreign exchange editor. I hope it will be helpful to your trading! Thanks for the support!
Spring, summer, autumn and winter, every season is a beautiful scenery, and they all stay in my heart forever. Slip away~~~
Disclaimers: XM Group only provides execution services and access permissions for online trading platforms, and allows individuals to view and/or use the website or the content provided on the website, but has no intention of making any changes or extensions, nor will it change or extend its services and access permissions. All access and usage permissions will be subject to the following terms and conditions: (i) Terms and conditions; (ii) Risk warning; And (iii) a complete disclaimer. Please note that all information provided on the website is for general informational purposes only. In addition, the content of all XM online trading platforms does not constitute, and cannot be used for any unauthorized financial market trading invitations and/or invitations. Financial market transactions pose significant risks to your investment capital.
All materials published on online trading platforms are only intended for educational/informational purposes and do not include or should be considered for financial, investment tax, or trading related consulting and advice, or transaction price records, or any financial product or non invitation related trading offers or invitations.
All content provided by XM and third-party suppliers on this website, including opinions, news, research, analysis, prices, other information, and third-party website links, remains unchanged and is provided as general market commentary rather than investment advice. All materials published on online trading platforms are only for educational/informational purposes and do not include or should be considered as applicable to financial, investment tax, or trading related advice and recommendations, or transaction price records, or any financial product or non invitation related financial offers or invitations. Please ensure that you have read and fully understood the information on XM's non independent investment research tips and risk warnings. For more details, please click here