Justin Trudeau calls Trump just two hours after president-elect threatens devastating sanctions against Canada, Mexico and China to stop border invasion

Canadian Prime Minister Justin Trudeau was reportedly speedy to respond to US President-elect Donald Trump's threat to enforce tariffs on Mexican, Canadian and Chinese goods arsenic planetary currencies plummeted.

The incoming president posted connected his Truth Social level Monday nighttime that helium would enforce a 25 percent tariff connected Mexican and Canadian goods arsenic agelong arsenic the countries proceed to let immigrants to travel implicit the US border.

He besides said he'd enforce an further 10 percent tariff connected Chinese goods implicit the Chinese government's refusal to marque bully connected a committedness to usage the decease punishment connected cause dealers. 

These actions, Trump said, would instrumentality spot connected the archetypal time of his medication and noted that the tariffs connected Mexican and Canadian imports would use to 'ALL products coming into the United States, and its ridiculous Open Borders.

'This Tariff volition stay successful effect until specified clip arsenic Drugs, successful peculiar Fentanyl, and each Illegal Aliens stop this Invasion of our Country!' 

Trump besides suggested that Mexico and Canada had 'the absolute close and powerfulness to easy lick this agelong simmering problem' - indicating helium wanted the neighbors to bash much to patrol their borders truthful migrants couldn't sneak into the United States amid yet different migrant caravan.

Just 2 hours aft Trump posted the threats, Trudeau called Trump astatine his Mar-a-Lago estate, and the 2 had a constructive speech focused connected commercialized and information astatine the border, an unidentified Canadian authoritative with cognition of the telephone told the New York Times.

The Canadian authorities past released a connection focusing connected the heavy ties betwixt the US and Canadian economies.

'Canada is indispensable to US home vigor proviso and past twelvemonth 60 percent of US crude lipid imports originated successful Canada,' work the connection issued by Trudeau, concern curate Chrystia Freeland and nationalist information curate Dominic LeBlanc.

'We volition of people proceed to sermon these issues with the incoming administration.' 

Flavio Volpe, the president of Automotive Parts Manufacturers' Association - a Canadian manufacture radical - besides said helium believed Trump's posts were conscionable a mode to unfastened negotiations that would yet solidify Canada and the US arsenic allies successful a combat against China.

'Half of the cars made successful China are made by American companies and fractional of the parts that spell into each the cars made successful Canada travel from US suppliers, and much than fractional of the earthy materials are from US sources,' Volpe noted.

'We are beyond partners. We are astir arsenic inseparable arsenic family.' 

Ontario Premier Doug Ford added successful a station connected societal media that 'a 25 percent tariff would beryllium devastating to workers and jobs successful some Canada and the US.

'The national authorities needs to instrumentality the concern astatine our borderline seriously,' helium said. 'We request a Team Canada attack and effect - and we request it now.

'Prime Minister Trudeau indispensable telephone an urgent gathering with each premiers,' helium suggested.

Meanwhile, Mexican officials person not yet commented connected Trump's threat.

But they person antecedently signaled they were prepared to respond with retaliatory tariffs of their own.

'If you enactment 25 percent tariffs connected me, I person to respond with tariffs,' Marcelo Ebrard, Mexico's system minister, told a vigor interviewer earlier this month. 

Mexico, China and Canada relationship for much than one-third of the goods and services some imported and exported by the US, supporting tens of millions of American jobs.

The 3 countries unneurotic besides purchased much than $1trillion of US exports and provided astir $1.5trillion of goods and services to the US successful 2023.

Issuing a 25 percent tariff connected Canada and Mexico would besides interruption the United States-Mexico-Canada Agreement Trump himself signed successful 2020, causing immoderate to wonderment if Trump's posts were conscionable a dialog tactic.

As such, the Chinese embassy successful Washington DC warned that 'no 1 volition triumph a commercialized war' arsenic it deed retired astatine Trump's claims that the deadly cause fentanyl was inactive seeping into the US from China. 

'The Chinese broadside has notified the US broadside of the advancement made successful US-related instrumentality enforcement operations against narcotics,' said Liu Pengyu, a spokesperson for the Chinese embassy successful DC, The Guardian reports. 

'All these beryllium that the thought of China knowingly allowing fentanyl precursors to travel into the United States runs wholly antagonistic to facts and reality.

'China believes that China-US economical and commercialized practice is mutually beneficial.' 

But the announcement of the tariffs person already caused the Chinese Yuan to autumn against the US dollar to its weakest constituent successful astir 4 months, dropping 0.3 percent connected the quality to 7.2730 per dollar.

Mexican and Canadian currencies besides tumbled astir 1 percent each, portion the US dollar gained against everything but the yen successful Asian trading.

'Risk sentiment is getting crushed for present connected Trump's tariff risks - the dollar is being viewed arsenic a haven and the affected nations' currencies similar the Mexican peso are getting hammered,' Mingze Wu, currency trader astatine StoneX Financial told Bloomberg.

'This whitethorn conscionable beryllium a sensation of what's to come.'