Trade realignment: Donald Trump tariffs push allies to hedge bets; China steps into gaps left by US
Trade realignment: Donald Trump tariffs push allies to hedge bets; China steps into gaps left by US
US President Trump's aggressive tariff strategy is prompting global trade realignments, with Canada notably cutting import taxes on Chinese electric vehicles in exchange for reduced Chinese tariffs on canola. This shift signals a growing perception in Canada that the US poses a greater economic threat than China, leading allies to seek alternatives beyond the US market.
US President Trump's aggressive tariff strategy is prompting global trade realignments, with Canada notably cutting import taxes on Chinese electric vehicles in exchange for reduced Chinese tariffs on canola. This shift signals a growing perception in Canada that the US poses a greater economic threat than China, leading allies to seek alternatives beyond the US market.