Trump imposed new tariffs on Canadian wine, dairy products and automobiles

NEW TARIFFS OF UP TO 50 PER CENT IMPOSED BY THE TRUMP GOVERNMENT ON CANADIAN WINES, DAIRY PRODUCTS AND AUTOMOBILES HAVE CREATED NEW TENSIONS IN THE US-CHINA TRADE RELATIONSHIP. THE IMPLEMENTATION OF THIS ROUND OF TARIFFS IS TAKING PLACE AT A SENSITIVE MOMENT IN THE REVIEW OF THE UNITED STATES-GAMAL AGREEMENT (USMCA), WHICH COULD REKINDLE A TRADE DISPUTE THAT HAD PREVIOUSLY BEEN PARTIALLY MITIGATED. THIS INITIATIVE IS AIMED AT INDUSTRIES THAT ARE POLITICALLY SENSITIVE IN BOTH COUNTRIES AND COULD TRIGGER A RAPID RESPONSE FROM CANADA. ANALYSTS EXPECT THAT CURRENCY AND CROSS-BORDER EQUITY INVESTORS WILL PAY CLOSE ATTENTION TO THE IMPACT OF THE INCIDENT ON THE CANADIAN DOLLAR AND THE CAR SUPPLY CHAIN. TRUMP HAD PREVIOUSLY THREATENED CANADA WITH INADEQUATE SUPPORT DURING THE WILDFIRE. THE WHITE HOUSE STATED THAT THE NEW TARIFFS WERE A RESPONSE TO CANADA ' S DISCRIMINATORY TRADE PRACTICES AGAINST UNITED STATES COMMERCE IN VARIOUS FIELDS。