The recent tariffs imposed by the President of the United States, Donald Trump, have triggered a series of responses from other countries like Canada and China, leading world leaders and economic experts to label the situation as a 'trade war' on the international stage.
In a recent statement, Canadian Prime Minister Justin Trudeau expressed his concerns: 'Your government has decided to launch a trade war.' These tariff measures have had a strong impact on global markets and on the prices of goods since the morning of Tuesday, March 4.
The White House, when announcing the new tariffs, caused a gradual collapse on Wall Street and in stock markets worldwide, prompting a discussion about the existence of a trade war. Warren Buffett, CEO of Berkshire Hathaway, has equated the tariffs with an act of war, adding a new nuance to the controversy.
For his part, Justin Trudeau has made statements defending Canada's response measures to the tariffs imposed by the United States, arguing that this trade war would have detrimental effects on American families.
This tariff dispute has also affected China, leading to speculation on social media about the possibility of a global trade war with unpredictable consequences for investors and economic stability in general.
Despite the uncertainty and volatility in international markets, U.S. Secretary of Commerce Howard Lutnick has attempted to downplay the tariffs, stating that this is not a trade war but an effort to combat drug trafficking and save lives in the United States.
