
United States: In a dramatic intensification of trade hostilities, US President Donald Trump proclaimed on Tuesday that tariffs on Canadian imports would be significantly heightened. Moreover, he posited an audacious resolution—Canada’s full integration into the United States as its 51st state.
This aggressive stance exacerbates the ongoing trade discord between the two historically intertwined economies. It also underscores a rhetorical pivot, with Trump now advocating for annexation as an ostensibly pragmatic solution.
Following the announcement, US equity markets, which had been staging a tentative recovery from previous downturns, reversed course sharply, erasing early gains, per AXIOS.
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