Why can the interruption of the American customs tariff indicate the “good news” of the Canadians – national

With the rise in stock markets after news about a 90 -day trade war between China and the United States, some stakeholders are still cautious about what could concern the Canadian economy and consumers.

“This trade war in Canada has been severely hit … that is, clearance at this time is good news of global trade,” said the Canadian Chamber of Trade in a statement to the global news.

“We will closely monitor the discussion of China and the United States in the coming months, because the details of any final agreement will be important.”

In a statement, the retail council in Canada also said that the group “welcomes this development, but we do not appear champagne yet.”

The council said: “The 30 % customs tariffs that the United States continue to impose on itself is deeply harmful – not only for American companies and consumers but also for global supply chains that are already facing great disturbance.”

on monday, US President Donald Trump, along with Chinese officials, has announced plans to reduce drivers for 90 days.

The United States agreed to drop the customs tariff rate by 145 percent on Chinese goods by 115 percent to 30 percent, while China has agreed to reduce the rate of US commodities with the same amount to 10 percent.

Trump referred to the announcement of the trade on Monday as a “complete reset with China.”

During a short period of time a tariff was imposed by 145 percent, it became It is very difficult for companies to work normally with many alternatives, or completely stop charges.

The news follows developments during the weekend yet Officials from China and the United States met in Geneva.

“The consensus of both delegations this weekend does not want to separate it,” said US Treasury Secretary Pesint.

“We want a more balanced trade, and I think both sides are committed to achieving this.”

Although the feeling of optimism about the trade war is likely to reduce Send stock markets to Al -Akhdar all over the world, including in Canadaand There is also caution.

“This should not be confused with the progress of the place where we were in December 2024,” says economist Peter Moro of Toronto University.

“We must think about this because” things are not as bad as they were a month ago. “

Despite relief in stock markets, a long -term look still predicts.

Investors may feel the purchase of shares in Wall Street and other markets on Monday that if Trump is ready to negotiate the definitions, he may not enter the economy. recession After all.

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““There is still a lot of uncertainty,” said Moro.

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There were fears raised by economists and companies that could be led by American definitions on China, Chinese companies To raise their pricesThe effect on the prices of goods sent to Canada by extension.

This is especially the case With dollar stores.

to Canadian consumers, there are also potential ripples, Which may mean paying higher prices for some goods, and continuing uncertainty about what is happening after that.

This development may also raise questions about whether Trump is ready to negotiate the definitions, as Prime Minister Mark Carney is also looking to reach an agreement with the American administration to drop the customs tariff for Canada.

“I think there is an opportunity to see (Carney) that this is the Trump administration that realizes some of the problems they faced themselves.”

“Carney can say, well, that the Trump administration wants to be out of the slope … you want to announce a” political victory “and an agreement that does not change much. But if you leave Trump announces victory, you can get away with the least harm.”

Meanwhile, the United States and China are still in a commercial war, but the definitions have decreased significantly for 90 days.

The situation has not changed between Canada and the United States yet, as both countries still impose a 25 percent tariff on all products that are compatible with the non -imported (American Canada Convention), with Additional duties for aluminum and steel products, and the smaller energy imports in the United States

Although Carney said he wanted to see this customs tariff being removed as soon as possible, Canadian companies still say they need relief now.

“We have encouraged the recent efforts made by the new Canadian government in Washington, but we realize that the dissolution of the tariff conflict in Canada may take time. “Meanwhile, the damage is continuing,” says the retail council in Canada.

“We urge the government to prepare to intensify support if we enter a long economic shrinkage.”

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