By Alfaritsy 
Canadian Prime Minister Justin Trudeau has reversed his position on the trade dispute and consented to initiate negotiations “right away” for a new deal, marking a triumph for
Donald Trump
.
The president
declared a 90-day halt on all new ‘reciprocal’ tariffs
, marking a significant turnaround that led to one of the largest
stock market
rallies in history.
He did not spare
China
, however, instead slapping
Beijing
With one more cycle of import duties.
Carney, who has maintained what his predecessors established,
Justin Trudeau
‘s hostility since becoming the leader, a position Trump has mentioned.
As the potential ’51st state,’
praised Trump for the move.
‘The pause on reciprocal tariffs announced by President Trump is a welcome reprieve for the global economy,’ he said in a post to social media.
The head of the Liberal Party stated that both he and Trump will start discussions on establishing a fresh economic and security partnership right after the federal election.
On March 23, Carney dissolved parliament and scheduled a sudden general election for April 28, where he is expected to emerge victorious.
He stated that although Canada intends to engage in talks with the U.S., Trump’s indication of negotiating with multiple other nations suggests that Canada may also need to adopt a similar approach.
‘In that context,
Canada
He emphasized the importance of continuing to strengthen ties with trade partners who uphold similar principles, encompassing the unrestricted flow of products, services, and knowledge.
reached out to the White House for a statement.
In March, Carney delivered his inaugural address as the newly appointed prime minister, and he
didn’t waste any time in targeting Trump.
Trump twice
imposed uniform tariffs on Canada prior to his latest hiatus.
Carney stated that he will maintain retaliatory tariffs on the US until the Americans demonstrate respect.
“He’s targeting Canadian families, workers, and businesses, and we can’t allow him to succeed; we won’t,” he stated to the audience at the Liberal Party conference.
‘Whether in trade or in hockey, Canada will emerge victorious.’
Ex-Prime Minister Justin Trudeau contends that Trump aims to damage Canada’s economy to coerce it into making changes.
join the United States
.
Currently, it is a Commonwealth nation with an autonomous prime minister and parliament; however, King Charles serves as its head of state.
A different theory suggests that Trump might be displeased due to the unsuccessful Trump hotel ventures in Toronto and Vancouver, and he could be aiming for retaliation.
Some believe it’s his contentious relationship with Trudeau that fueled his wish to annex the country. Trump has consistently
referred to the previous Prime Minister as Governor Trudeau.
Trump contends that Canadians would gain from reduced taxation as well.
safe frontiers as part of the United States
“To be frank, Canada functions effectively as a single entity. … If it were consolidated into one nation, it would undoubtedly become an outstanding one—this could potentially turn out to be the most amazing country,” Trump stated at the Oval Office on March 13th.
If we consider the visual representation of this situation on a map, one can observe that an arbitrary line was drawn directly through the region separating Canada from the United States—a purely man-made demarcation. This division was established several decades back by some individuals and seems illogical,” Trump went on, seemingly alluding to the 1908 treaty which resolved the border dispute between the two nations.
‘It is utterly ideal as a wonderful and beloved nation.’
Trump had to retreat from his extensive tariff proposals due to a significant downturn in the bond market that posed a risk of triggering an economic collapse.
Alongside
triggering chaos in the stock exchange
Trump’s extensive tariff proposals triggered a significant sell-off in U.S. government bonds, an event rivaling the scale observed during the peak of the COVID-19 crisis.
Specialists are indicating that it was this,
more than just the ‘art of negotiation’
This led the White House to retract its proposed tariffs.
On Wednesday, the President
declared a 90-day halt on all new ‘reciprocal’ tariffs
, marking a significant shift that led to one of the largest stock market surges ever recorded.
Nevertheless, he did not hold back from targeting China, imposing additional rounds of import duties on Beijing.
The intense selling spree in the bond market reached its peak late Tuesday and continued into Wednesday.
Overnight, the 10-year Treasury yield rose above 4.51 percent, and on Tuesday evening, the 30-year Treasury yield reached as high as 5.02 percent.
CNBC
reported.
U.S. government bonds have historically been regarded as among the globe’s most secure investments, serving as a refuge for capital during periods of market turbulence.
However, this abrupt decline served as one of the most evident indicators that investors might be starting to doubt the safety they once attributed to these assets — highlighting the significant impact that President Trump’s tariff proposals had on the world’s largest economy.
Treasury Secretary Scott Bessent maintained that the choice to postpone the tariffs was due to “the president’s strategy” rather than the significant increase in bond yields.
“He and I discussed extensively on Sunday, and this has been his plan from the beginning,” he informed journalists gathered outside the White House on Wednesday.
However, Trump stated that he was carefully monitoring the bond market as he opted for a temporary halt. “The bond market looks great at this moment,” Trump remarked to journalists.
‘I noticed last night that some folks were starting to feel a bit nauseous.’
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