Canada looks to ride out Trump trade storm

Canada looks to ride out Trump trade storm

Canada looks to ride out Trump trade storm

Trump's chief trade adviser, Peter Navarro, acknowledged an error in asserting "there's a special place in hell" for Trudeau, whom he accused Sunday of bad faith diplomacy and stabbing Trump in the back after he departed early from the G7 summit in Quebec.

"I don't care how mad, how angry you are, you don't treat the head of state of another country like that unless you are getting ready for a military engagement of some kind", he said. "But you know, Trump threatened tariffs on steel and aluminum, and everybody said, 'Oh, well, you know he's not going to hit Canada, we're not a security threat.' And lo and behold, look what happened".

President Donald Trump said Canadian Prime Minister Justin Trudeau "learned" from the mistake of criticising him and it's going to cost Canada "a lot of money".

"In conveying that message, I used language that was inappropriate and basically lost the power of that message", Navarro said at the Wall Street Journal's annual CFO Network conference.

Trump said he watched Trudeau's news conference on Air Force One on his way to Singapore and was upset because he thought he and Trudeau had had a positive meeting at the G7 summit.

Freeland said she had a "good conversation" Sunday with US Trade Representative Robert Lighthizer, and that the pair would try to meet in Washington this week.

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Similarly, former interim Conservative leader Rona Ambrose, also a member of the NAFTA advisory group, said Trudeau is doing the right thing. "That's what weak, dishonest Justin Trudeau did".

The motion calls on the House to recognize the importance of Canada's "long-standing, mutually beneficial trading relationship" with the USA, "strongly oppose" the "illegitimate tariffs" imposed on steel and aluminum, stand "in solidarity" with the Trudeau government's decision to impose retaliatory tariffs and remain united in support of the supply management system of regulating Canada's dairy and poultry industry.

Earlier today, Trudeau cheered Trump's bid to broker a deal to rid the Korean Peninsula of nuclear weapons, but he stayed mum on the USA administration's persistent trash talk.

"From day one, we have said that we expected moments of drama and that we would keep calm and carry on throughout this drama", she said.

"Based on Justin's false statements at his news conference, and the fact that Canada is charging massive Tariffs to our U.S. farmers, workers and companies, I have instructed our U.S. Reps not to endorse the Communique as we look at Tariffs on automobiles flooding the U.S. Market!" "(Trudeau) learned. You can't do that.

Mr. Trump, for his part, continued to threaten Mr. Trudeau Tuesday at a news conference in Singapore after meeting with Mr. Kim.

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Trump also continued to denounce Canada's system of supply management to protect the domestic dairy, egg and poultry industry, which levels tariffs of up to 300 per cent on American imports of those products.

Then, he went on about how massive trade surpluses were not fair to the American people and how the United States pays almost the full cost of North Atlantic Treaty Organisation which protects "many of these same countries that rip us off on Trade" and remarked, "Change is coming".

The tariffs "could really, really cause a cascading descent into an all-out trade war", Herman added, warning that even though reciprocal auto tariffs would end up hurting both Canadians and Americans, it's tough in this case to expect rationality.

The United States has imposed 25 per cent tariffs on steel from Canada, Mexico and the European Union, and 10 per cent tariffs on aluminum.

A recent report by the Peterson Institute for International Economics found that blanket 25-per-cent tariffs on automobile imports to the US, including auto parts, would reduce production by 1.5 per cent and could cause job losses of 195,000 in the USA over the first three years, and would affect $200 billion in US imports.

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