Trump threatens Canada with 100% tariffs if it 'makes a deal with China'

US President Donald Trump has threatened to slap a 100% tariff on Canadian goods if the country strikes a trade deal with China.

Read more

"If Canada makes a deal with China, it will immediately be hit with a 100% Tariff against all Canadian goods and products coming into the U.S.A.," Trump said on Truth Social.

Read more

It is unclear what deal Trump is referring to in his social media post. Last week, Canada's Prime Minister Carney announced a "strategic partnership" with China, and agreed to reduce tariffs.

Read more

At the time, Trump called the move "a good thing". But tensions between the US and Canada have grown in recent days, after Carney said in a speech in Davos that the US-led world order had been ruptured.

Read more

Carney also urged other "middle powers" to band together in the face of economic coercion by "greater powers", though he did not mention Trump by name.

Read more

Trump responded to the remarks in his own speech the next day, saying: "Canada lives because of the United States."

Read more

The US president also withdrew an invitation for Canada to join his new Board of Peace.

Read more

On Saturday, Trump said in his social media post that if Carney "thinks he is going to make Canada a 'Drop Off Port' for China to send goods and products into the United States, he is sorely mistaken".

Read more

The BBC has contacted the White House and Carney's office for comment.

Read more

Canada's US trade minister Dominic LeBlanc said in a statement: "There is no pursuit of a free trade deal with China."

Read more

"What was achieved was resolution on several important tariff issues."

Read more

LeBlanc said the government was focused on building a stronger Canadian economy and strengthening trade partnerships "throughout the world".

Read more

Canada has been seeking to diversify trade away from the US, its largest trade partner, following the uncertainty caused by Trump's on-again-off-again tariffs.

Read more

Under the agreement reached between Carney and Chinese President Xi Jinping last week, China will lower levies on Canadian canola oil from 85% to 15% by March, while Canada will tax Chinese EVs at the most-favoured-nation rate, 6.1% – down from 100%.

Read more

The deal was seen as a breakthrough after years of strained ties and tit-for-tat tariffs, and could see more Chinese investments in Canada.

Read more

Carney said the progress made with China sets Canada up "well for the new world order".

Read more

Source link

Read more

Did you like this story?

Please share by clicking this button!

Visit our site and see all other available articles!

Ubirata Online News – The truth within your reach