**Breaking News: Trump’s Tariff Blitz Triggers Economic Shockwaves as Canada Prepares to Strike Back**

In a stunning escalation of trade tensions, President Trump has unleashed a 35% blanket tariff on Canadian goods, igniting a fierce backlash from Ottawa. The clock is ticking as Canada’s Foreign Minister Melanie Jolie warns that if the U.S. does not retract these “illegal tariffs” by July 21, a retaliatory wave of countermeasures will hit American industries hard.

Ford has already admitted that these tariffs will inflict a staggering $2.5 billion hole in its 2025 financials, while analysts predict Stellantis could see profits plummet by 75%. The once seamless supply chain between the U.S. and Canada now resembles a battlefield, with both nations poised for a tit-for-tat showdown.

Jolie has laid out a stark ultimatum: lift the tariffs or face crippling export bans and a 25% steel tariff that could devastate U.S. manufacturers reliant on Canadian resources. Ontario’s Premier Doug Ford has signaled readiness to impose hefty charges on hydro exports, a move that could cost U.S. buyers up to $300,000 daily.

Meanwhile, the economic fallout is palpable. Cross-border travel has plummeted, with a 76% drop in Canadian trips to the U.S. compared to last year, as tourists shift their sights to Europe. The automotive sector is already reeling, with General Motors halting production lines due to uncertainty over border taxes.

As the July 21 deadline looms, the stakes could not be higher. Will the White House blink, or will Canada retaliate, sending shockwaves through the economy? The answer will determine whether this trade war escalates into a full-blown crisis, affecting workers and consumers on both sides of the border. The countdown has begun, and the repercussions are set to ripple across industries and households alike.