Washington – Arab Canada News

The American President Donald Trump is set to announce a new set of retaliatory tariffs within the coming hours as part of the ongoing escalation of the trade war with several partners, notably Canada and the European Union, according to American reports cited by CTV News.

Sources in the American administration confirmed that the announcement will include reciprocal tariffs on strategic imports, covering the pharmaceutical, steel, and auto parts sectors, in addition to key consumer goods.

Political and Economic Goals

This escalation comes under the slogan of "reciprocal treatment," which Trump has been echoing since the beginning of his term, as he seeks – according to his statements – to restore trade balance between the United States and its partners, and to prevent what he described as "the continuous exploitation of American markets."

Trump said in a recent tweet:

"If they impose taxes on us, we will do the same, and strongly. We are not asking for preferential treatment, but for fairness."

Expected International Reactions

Expectations indicate that this move will be met with strong reactions, especially from Canada and the European Union, which had previously announced their readiness to impose similar retaliatory measures should Washington escalate.

Emergency meetings are expected to be held in Ottawa and Brussels today to assess the implications of the American decision and to determine the appropriate response.

Concerns in Markets and Supply Chains

The financial markets have already started to show clear signs of concern, as some shares of industrial and transportation companies experienced an immediate decline following the leak of the escalation intentions. Observers fear that this new round of tariffs could lead to disruptions in global supply chains and increase the costs of essential goods for consumers.

Background:

These developments come at a time when U.S.-Canadian trade relations are experiencing unprecedented tension, particularly after Canada's decision to impose counter-tariffs on American imports in response to previous decisions by the Trump administration.