Zero for zero better.

"A sell-off in the US stock market gathered steam" after "President Donald Trump ducked questions about whether the US economy was facing a recession or price rises as a result of tariff moves, while warning instead of a 'period of transition'." BBC. "US job growth steadied last month while unemployment rose" "with more people permanently out of work, fewer workers on federal government payrolls and a jump in those working part-time for economic reasons." The European Central Bank cut its deposit rate by 25 basis points to 2.5%. ET. On 11 February, "President Trump is reinstating the full 25% tariff on steel imports and increasing tariffs on aluminium imports to 25%." The White House. In retaliation, "Ontario's Premier Doug Ford announced that effective Monday (10 March), the province is imposing a 25% surcharge on electricity exports to the United States in response to Donald Trump's trade war. The measure affects 1.5 million American consumers in Minnesota, New York and Michigan." Mint. In return, Trump doubled tariffs on Canada to 50% and Mr Ford wisely retreated from his threat, forthwith. And, Trump went back down to 25%. BBC. "Just hours after Trump's 25% duties on all US steel and aluminium imports took effect, Trump said he would impose additional penalties if the EU follows through with its plan to enact counter tariffs on some US goods next month." "Canada, the biggest foreign supplier of steel and aluminium to the US, announced retaliatory tariffs on those metals along with computers, sports equipment and other products worth $20 billion in total." Reuters. In 2023, Canada's exports to the US amounted to $410 billion and imports from the US to $269 billion, giving a positive trade balance of $141 billion. The next was China with exports of $31.1 billion and imports of $59.9 billion, giving a negative trade balance of $28.8 billion. OEC. No comparison. There is a very old saying about not biting the hand that feeds you (VOA). The Liberal Party in Canada is showing itself to be tough against Trump to try and win the general election to be held this year because opinion polls have been showing a drubbing for the Liberals (wikipedia). But, is it moral to play Russian Roulette (wikipedia) with the economy just to win an election? As for Europe, "Trump might want to consider the continent's economic malaise: the German economy has been experiencing a prolonged downturn, while Italy and France are struggling with serious public-debt problem. Maybe then Trump will grasp that his tariff actions, which constitute a significant part of his 'America First' agenda, risks triggering a Europe-wide recession and another eurozone debt crisis," wrote Desmond Lachman. Industries in India support a 'zero-for-zero' policy "where two countries can identify specific product categories and eliminate the levies on them, instead of imposing a blanket range of tariffs or inking a broader trade deal." NDTV. Since Trump's main target is China, he could accept India's proposal. Better to protect what we have, than to engage in tit for tat. At least we can be guru to Canada and the EU. If not to the whole Vishwa (world).