Breaking News: Since the change of power in the US, Trump has been taking big decisions globally, due to which the global movement has increased. Recently, globally, Donald Trump also passed big decisions like reciprocal tariffs. In response to Donald Trump’s Reciprocal tariff, a new tension has come up in the business relations between the US and Canada.
Recently, the Ontario government has proposed to impose a new fee/ tariff on the power to be sent to the US, due to which people living in the southern areas of America will now have to pay the additional power price, which will be 25% more than before.
Donald trump’ warning of reciprocal tariff to ontario
Due to this additional burden on US citizens, Donald Trump has warned Ontario that Ontario will have to face serious consequences if Ontario levies the tariff on power to export it to the US. Donald Trump has made it clear in his warning that Onterio will have to reduce this additional electricity tariff, otherwise the US will take strict action on Ontario, which will also have to bear the brunt of Ontario
Donald Trump has made an open warning to Canada, making it clear that if Canada does not reduce this fee, the US will also charge an additional 50% tariff fee on steel and aluminum coming from Canada. If Ontario does not cut the electric tariff by 25%, the US will adopt a new trading policy from Wednesday and will double the tariff of steel and aluminum coming from Canada.
Adopting the US First policy, Donald Trump also threatened that if Canada is still not accepted, a national emergency would be announced on electricity, which would also affect the three nations who bought power from Ontario, New York, Michigan and Minnesota.
Ontario’S PM Ford on Donald trump’s warning
Responding to this threat of Donald Trump, Prime Minister Ford of Ontario has said that Ontario also knows to respond to this properly. If the US has increased the tariff, American businessmen will have to suffer losses. Ford said that due to this wrong step by America, consumers are losing confidence in America and America’s market will start falling even faster. Ontario’s Prime Minister Ford described Donald Trump as chaotic, he also described Trump’s careless and constantly changing tariff threats as the cause of America’s collapse.
However, the matter of fact is that there is a very deep business relationship between the US and Ontario. In such a situation, these two countries will have to resolve all this issue through negotiation. If this does not happen, then this effect will not only affect the economy of the two countries, but its global impact will also be seen, due to which political strategies can also be affected.
