Canada can rain and drag, but if something blows up the house of Donald Trump's tariffs, it will be a reaction in the United States.
And there are signs of pushing.
The stock market is changing, economic moods are experiencing, approval of the US president is retreating, and American lawyers are preparing court trials.
These factors will probably increase more blow in Washington than $ 155 billion in counterattarfs threatened by Canada. To look at this number from a perspective, this is a fraction of what the American stock markets lost on Monday.
The president caused an immediate mduk with a few simple words: “Tariffs – they are all set,” Trump said on Monday, confirming that the 25 -percent duty on most products is coming today and that Canada and Mexico could discourage him.
The markets replied quickly destroying all their profits During 2025, and 500 S&P lost 1.76 percent during the day, causing hundreds of billions of losses in what the evening Buloomberg's bulletin called “Trump Sale-Off”.
US President Donald Trump told journalists from the White House that 25 -percent tariffs for Canada and Mexico will start on Tuesday. He said that “there was no place” on a contract that would avoid tariffs.
After Trump spoke, the index became negative during the year. A few minutes later, the host of Trump's favorite network Martha Maccallum from Fox News said that the market “a bit scares”.
But this modest one -day decrease in almost two percentage points and a five -point decline in a month to a month is by no means the only gray cloud on the economic horizon.
Consumer trust in the USA The sharpest month drop From the pandemic in February. Expenses are down. Federal reserve forecast in Atlanta The district has he broke down to negative territory, so far raising the insufficiency of GDP contraction.
Meanwhile, his own political honeymoon is doubtful. Trump had I was happy Some of the best Number of approval His careers, but they tick and slide under water, which means the point at which they are below his disapproval level.
“You get a negative atmosphere,” said Gary Hufbauer, a longtime trade observer at the Peterson Institute for International Economics.
The prime minister of the most populated province of Canada did everything in his power on Monday to ventilate the flame of economic fear in the USA
Doug Ford from Ontario was on NBC, threatening to exclude the export of electricity to the USA and minerals for the production and province agreements for American companies – which prompted the host to ask whether he was discussing this with the Prime Minister.
Ford said yes.
“I will close production,” he said. “I'm going for absolutely everything. … The market will go faster than the American Bobsled band. … It will be an absolute disaster – and all because of one person.”
This one person, Trump, almost gathered a continental trade agreement, which he signed, a contract that is to establish predictable principles of mainly open trade.
Trump will now ask Canada and Mexico to renegotiate part of this Canada-U-M-Maxic agreement (Cusma). The contract must, in accordance with the law, from 2026, and the administration says This will start public consultations.
But American trading lawyers will not just look at the Cusma review. They will also be busy dealing with court trials.
Former energy director, Dennis McConaghy, calls on Prime Minister Ontario Douga Ford to carefully approach, because cutting off electricity is a very “nuclear” option. Ford swore to take revenge if Washington follows long -lasting tariffs.
It was for the first time the US president used the International Act on emergency right in 1977 to impose tariffs.
The law requires a national failure from the president – which Trump actually performed with the border, naming fentanyl and migration in this emergency.
Expect court trials questioning his use, claiming that he has abused him and his power, with a crisis involving Canada.
After all, several Trump's helpers faced Canada's actions on the border. Even Press the press releases Declaration of winning. They also celebrate spectacular immersion in irregular border crosses.
There may be a “strong argument” that Trump's claims about the border are a pretext for the tariffs, said Dan Ujcz, senior adviser Thompson Hine based in Ohio.
Ujcza notes that both the White House and the Internal Security Department repeated many times in February that the border is the safest in history. “It is difficult to say that Mexico and Canada have not made efforts to secure the border,” he said.
Don't count on the judgments to stop him. Trade activities of American presidents are usually not overthrown by judges.
But the disputes will try.
One of the automotive industry officials claims that it is absurd to apply tariffs to its sector to alleviate the alleged fentanyl crisis.
“Chevy Silverado built in Oshawa with Stal from Pennsylvania and Plastic resins from Texas does not pose a threat to national security basically these provisions,” said Flavio Volpe, president of the Automotive Party Manufacturers Association, the Canadian group of Lobby Car Lobby.
“(Trump) still publicly combines a series of opinions and handles, while justifying criminal economic measures for us. Certainly in a neutral judicial environment that will be seen as maneuvering bad faith. “
So now we are watching Americans. American investors and courts. Throughout the conversation about how Canada can fight tariffs, the decisive battle is located south of the border.