First the tariff war, now Trump wants Canada to join the United States (US). What's next? Change the name 'Ottawa' to 'Trumpville'?
25% tariffs on Canadian steel and aluminum are not enough for Trump. Now 'upgrade' to 50%!
And if Canada doesn't agree?
Just become a US state!
The drama began after Ontario imposed a 25% charge on electricity to the US, Trump responded with additional tariffs and declared a national emergency on electricity.
Trump responded with additional tariffs, urged Canada to eliminate its 390% dairy tariffs, and declared a national emergency on electricity.
He warned that if Canada did not bow down, tariffs on the country's automotive industry would follow on April 2, which could completely wipe out the sector.
Trump's extraordinary proposal?
Merge the two countries, remove the border, and all tariffs will ‘completely disappear’.
However, financial markets are not amused by the idea of a ‘Canada Edition USA’.
The S&P 500 is down again, global indices are also down, as investors grow increasingly concerned about the looming economic chaos.
Now the ball is in Canada’s court. Does it want to stay in the tariff war, or accept Trump’s ‘friendly offer’ and join the US family?
