Trump says Canada wants 'benefits' of being US state after trade talks collapse
13 hours ago
Nadine Yousif
Senior Canada reporter, Toronto
Reuters
Trump has repeatedly mentioned making Canada the "51st state" of America since returning to office
US President Donald Trump has said Canada wants "the benefits of being a state, without being one" after trade talks between the two countries collapsed late on Friday.
The breakdown of negotiations triggered new 50% US tariffs on a range of Canadian goods. Trump also said American farmers had been charged "massive amounts of Tariffs" for years.
Canadian Prime Minister Mark Carney called the fresh tariffs a "miscalculation" designed to "hurt and divide us".
Carney confirmed he would match Trump's tariffs "dollar-for-dollar" from 8 September, including levies on steel, dairy, appliances and electronics, saying the US and Canada were now in a trade war.
Both countries were optimistic of a deal earlier in the week, but talks fell apart after both sides accused the other of making last-minute changes.
"They asked too much and they offered too little," Carney said on Saturday. "You're at war when you get attacked. We got attacked."
Trump's latest comments echo his repeated references to making Canada the "51st state" of America since returning to office, sparking frustration among its leaders and residents.
The collapse of the trade talks upended a deeply integrated trading relationship with no clear path to resolution.
"We cannot accept what they've offered and we will not give what they've asked," Carney said.
Trump told Fox News on Sunday that the Canadians were "foolish" to engage in a trade war with the US and think they will "actually win".
The new 50% US tariffs will apply to a range of Canadian goods, in addition to existing US tariffs on Canadian steel, aluminium, automobiles and lumber.
They are limited in scope, covering about $20bn (£15bn; C$28bn) of imports from Canada, or about 5% in total, including wine, dairy, cement, clothing and hockey equipment.
The prime minister said Canada was retaliating "reluctantly" to protect its interests, with details of counter-measures to be released in the coming days.
Trump has repeatedly mentioned making Canada the "51st state" of America since returning to office
US President Donald Trump has said Canada wants "the benefits of being a state, without being one" after trade talks between the two countries collapsed late on Friday.
The breakdown of negotiations triggered new 50% US tariffs on a range of Canadian goods. Trump also said American farmers had been charged "massive amounts of Tariffs" for years.
Canadian Prime Minister Mark Carney called the fresh tariffs a "miscalculation" designed to "hurt and divide us".
Carney confirmed he would match Trump's tariffs "dollar-for-dollar" from 8 September, including levies on steel, dairy, appliances and electronics, saying the US and Canada were now in a trade war.
Both countries were optimistic of a deal earlier in the week, but talks fell apart after both sides accused the other of making last-minute changes.
"They asked too much and they offered too little," Carney said on Saturday. "You're at war when you get attacked. We got attacked."
Trump's latest comments echo his repeated references to making Canada the "51st state" of America since returning to office, sparking frustration among its leaders and residents.
The collapse of the trade talks upended a deeply integrated trading relationship with no clear path to resolution.
"We cannot accept what they've offered and we will not give what they've asked," Carney said.
Trump told Fox News on Sunday that the Canadians were "foolish" to engage in a trade war with the US and think they will "actually win".
The new 50% US tariffs will apply to a range of Canadian goods, in addition to existing US tariffs on Canadian steel, aluminium, automobiles and lumber.
They are limited in scope, covering about $20bn (£15bn; C$28bn) of imports from Canada, or about 5% in total, including wine, dairy, cement, clothing and hockey equipment.
The prime minister said Canada was retaliating "reluctantly" to protect its interests, with details of counter-measures to be released in the coming days.
Leaders of other federal parties in Canada, including the Conservative opposition, voiced support for the prime minister, as have the leaders of some Canadian provinces.
Tariffs - a tax on goods imported from other countries - have been a key component of Trump's trade policy, with the US president arguing that they will boost American manufacturing and create jobs at home.
Critics, however, say tariffs have raised prices for American consumers, and have disrupted and damaged the global economy.
Carney's speech on Saturday was his first address to Canadians after he announced late on Friday night that a deal would not be reached, accusing the US side of making "last-minute changes" that were "unfair" and "uneconomic".
US negotiators, meanwhile, accused Canada of making "new demands and walk backs" on terms which had been previously agreed.
US trade representative Jamieson Greer told Fox News on Saturday that there were no plans to resume talks.
He added that the US had been prepared to cut some of its tariffs on Canada as part of the ill-fated deal.
Carney, however, said the US presented "unacceptable" terms that were too restrictive, including curbing Canada's ability to strike new trade deals with other countries.
He also rejected the assertion that Canada had made last-minute requests: "We clarified what was on offer and were continually disappointed by the answers."
Watch: 'US asked too much and offered too little,' says Canada's PM Mark Carney
Doug Ford, the leader of Canada's most populous province Ontario, backed Carney and said Trump "can't be trusted".
British Columbia Premier David Eby said the US demand for restrictions on Canada's ability to have other trade deals "would reduce us to the economic equivalent of the 51st state".
"It was never acceptable to Canadians," Eby said.
The Conservative opposition leader Pierre Poilievre also appeared to support Carney, calling the latest US levies "unjustified".
Quebec's premier, Christine Fréchette, warned jobs would likely be lost as a result of the new US tariffs.
"Behind these numbers are real people," she said, vowing to introduce measures to support impacted sectors.
Alberta Premier Danielle Smith, whose oil-rich province has worked to make inroads with the Trump administration, urged both sides to resume talks.
The collapse comes after more than a year of on-again, off-again trade talks, which intensified in recent weeks after a US-imposed deadline to strike a deal or face further tariffs.
The two countries were also engaged in a mandatory review of an existing North American free trade agreement, known as USMCA, with Mexico.
The pact was signed by Trump during his first term to replace the 1994 North American Free Trade Agreement. It underpins $1.6tn (£1.2tn) in annual trilateral trade across Canada, the US and Mexico.
Earlier this summer, Canada and Mexico had formally requested for USMCA to be renewed for another 16 years. The US, however, declined to renew it in its current form.
Asked how Friday's trade talk collapse would impact the North American free trade pact, Carney said it was "certainly not good news".
Tariffs - a tax on goods imported from other countries - have been a key component of Trump's trade policy, with the US president arguing that they will boost American manufacturing and create jobs at home.
Critics, however, say tariffs have raised prices for American consumers, and have disrupted and damaged the global economy.
Carney's speech on Saturday was his first address to Canadians after he announced late on Friday night that a deal would not be reached, accusing the US side of making "last-minute changes" that were "unfair" and "uneconomic".
US negotiators, meanwhile, accused Canada of making "new demands and walk backs" on terms which had been previously agreed.
US trade representative Jamieson Greer told Fox News on Saturday that there were no plans to resume talks.
He added that the US had been prepared to cut some of its tariffs on Canada as part of the ill-fated deal.
Carney, however, said the US presented "unacceptable" terms that were too restrictive, including curbing Canada's ability to strike new trade deals with other countries.
He also rejected the assertion that Canada had made last-minute requests: "We clarified what was on offer and were continually disappointed by the answers."
Watch: 'US asked too much and offered too little,' says Canada's PM Mark Carney
Doug Ford, the leader of Canada's most populous province Ontario, backed Carney and said Trump "can't be trusted".
British Columbia Premier David Eby said the US demand for restrictions on Canada's ability to have other trade deals "would reduce us to the economic equivalent of the 51st state".
"It was never acceptable to Canadians," Eby said.
The Conservative opposition leader Pierre Poilievre also appeared to support Carney, calling the latest US levies "unjustified".
Quebec's premier, Christine Fréchette, warned jobs would likely be lost as a result of the new US tariffs.
"Behind these numbers are real people," she said, vowing to introduce measures to support impacted sectors.
Alberta Premier Danielle Smith, whose oil-rich province has worked to make inroads with the Trump administration, urged both sides to resume talks.
The collapse comes after more than a year of on-again, off-again trade talks, which intensified in recent weeks after a US-imposed deadline to strike a deal or face further tariffs.
The two countries were also engaged in a mandatory review of an existing North American free trade agreement, known as USMCA, with Mexico.
The pact was signed by Trump during his first term to replace the 1994 North American Free Trade Agreement. It underpins $1.6tn (£1.2tn) in annual trilateral trade across Canada, the US and Mexico.
Earlier this summer, Canada and Mexico had formally requested for USMCA to be renewed for another 16 years. The US, however, declined to renew it in its current form.
Asked how Friday's trade talk collapse would impact the North American free trade pact, Carney said it was "certainly not good news".
Carney Showed his true colours when he was the Governor of the Bank of England he tried to replace the dollar with the Yuan.....he failed miserably......
ReplyDeleteCanada was not the back door to USA left open to Chinese steel, it was the BARN DOOR......
OH CANADA: China has been stealing more than $60 billion in tariff revenue by laundering its exports through other countries. The biggest offender is Canada, and Mark Carney walked away from the trade talks to avoid upsetting the CCP by ending the scam.
https://x.com/amuse/status/2091494895303139742?s=20
From Google:
DeleteAs Mark Carney noted in public remarks during his tenure as Governor of the Bank of England, he did not attempt to replace the U.S. dollar with the Chinese yuan. Instead, he proposed a multi-polar global digital reserve currency—a "synthetic hegemonic currency"—backed by a basket of central bank digital currencies to reduce systemic risks from dollar dominance.Key Facts on the ProposalThe Jackson Hole Speech: In August 2019, Carney addressed the U.S. Federal Reserve's economic symposium in Jackson Hole, Wyoming, arguing that heavy reliance on the U.S. dollar acted as a destabilizing barrier to global economic recovery.The Digital Alternative: He suggested that a publicly backed, multi-currency digital platform could lessen the economic shocks transmitted globally by U.S. monetary policy.Stance on the Yuan: While acknowledging that China's renminbi (yuan) might naturally grow as a major reserve currency over time alongside a shifting global economy, Carney explicitly stated that neither the yuan nor private digital tokens like Facebook's Libra were positioned to simply take over or replace the U.S. dollar's foundational role.
Get your facts right
Deletedo u sincerely expect a mfering diehard propagandist to do ANY right things?
DeleteTan kuku, is a kind word for them!
Very Aneh…..
ReplyDeleteCanada’s Prime Minister says: “We cannot trust America.”
Meanwhile, his wife lives in the United States, all four of his children live and study in the United States, 91% of his investment portfolio is reportedly tied to the United States, and he owns a home in the United States.
Yet he tells Canadians they can’t trust America.
Hypocrisy at its finest.
https://x.com/dabbken/status/2091900282967937204?s=46&t=8K6fzabO3g6uaj4KxwSSjg
ooop… have u checked bibi, yr favorite butcher?
Delete