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It appears there’s a temporary pause on tariffs against Mexico and Canada. However, tariffs on China are likely to take effect on February 4, and President Trump has signalled additional tariffs against the EU and others. So yes, we could be heading into a trade war,
Nadjibulla told Al Jazeera
But beyond the immediate crisis, we need to work on structural issues that led to this over-dependence on the US. We need to build capacity to export [to places other than the] US and invest in our own competitiveness,
Nadjibulla addedFundamentally it’s very good news that tariffs have been paused and Canada needs to do everything possible to engage with Trump – work on border security issues etc,
Vina Nadjibulla, vice president, research and strategy at the Asia Pacific Foundation of Canada, told Al JazeeraYes. Both the tariffs themselves and any mitigation measures – such as subsidies or support programmes for affected sectors – will contribute to inflation,
Nadjibulla saidI just spoke with President Claudia Sheinbaum of Mexico. It was a very friendly conversation wherein she agreed to immediately supply 10,000 Mexican Soldiers on the Border separating Mexico and the United States,
Trump wrote on Truth Social on MondayConsumers will shoulder much of the burden through higher prices, but businesses will also feel the impact. Industries such as the Canadian and US auto sectors may be especially hard-hit,
Nadjibulla from the Asia Pacific Foundation of Canada saidDuring 2018-2020, President Trump mainly used tariffs as a bargaining chip,
Nadjibulla told Al JazeeraWhere possible, buying local products and avoiding certain imports may help consumers manage rising costs,
Nadjibulla told Al Jazeera
China is not afraid of the US in the tariff war, and in the past seven years we have known that Trump will push further,
said Wang Wen, the dean of the Chongyang institute for financial studies at Renmin University in Beijing
While we are not as pessimistic as many in markets on the impact of tariffs on China’s growth trajectory, it’s likely that for China to be able to see stable growth in 2025, we will need to see the domestic demand side picking up the slack.”
Economists at Ing noted earlier this monthWhen the US tariffs took effect, China launched another tariff. I think it is quite normal,
Steven Leung of UOB Kay Hian, a Singaporean brokerage firm, told ReutersThe trade war is in the early stages so the likelihood of further tariffs is high,
Oxford Economics said in a note as it downgraded its China economic growth forecast
A tariff that makes no sense from one perspective might be entirely wise and effective from another,
American Compass’s Oren Cass contended on an X thread
Well, how do you like them apples?”
Vice President JD Vance asked on MondayNumber one is the people that have poured into our country, so horribly and so much … number two are the drugs, fentanyl and everything else that have come into the country … and number three are the massive subsidies we’re giving to Canada and Mexico over deficits,
Trump said in the Oval Office on ThursdayThey don’t take our cars, they don’t take our farm products. They take almost nothing and we take everything from them,
he told reporters at his Mar-a-Lago estate in Florida, threatening tariffs
Hoping to prevent this issue from causing severe damage to the world’s free-trading system, the Japanese government has decided, from this broader perspective, not to take any retaliatory measures immediately,
Japan’s international trade minister, Hajime Tamura, told the pressIt is my duty as president to ensure the safety of all,
Trump said on social media after his initial weekend announcement
I’m in awe of the great work he did at SpaceX and Tesla,
said GatesHe’s been nice to me at times, and mean to me at times,
the Microsoft co-founder and philanthropist told The Independent