Oh, BOY!
Here we Go AGAIN*….
I guess Canada HAS gotten ole Trump’s attention?
There isn’t gonna be a 100% Tariff on Canadian good’s….
Such a move would wreck the American economy Also…..
We’ll wait for the market reaction which should mirror the Trump/Greenland drop…..
The basic question for BOTH the leaders of Canada and the US IS?
Does the American Prersident CONTROL Canada’s Foreign/Econmic Policy?
(Trump has addressed the Canadian Prime Minister as the ‘Canadian Governor’ )….
And with a noncooperative President?
What does a country do?
(This question IS reverberating around the world as Trump digs America into a hole?)
President Trump on Saturday threatened 100 percent tariffs on Canada if it decides to make a trade deal with China, less than a week after previously saying “it would be a good thing” that Prime Minister Mark Carney struck a deal with Chinese President Xi Jinping.
“If Governor 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,” Trump said in a post on Truth Social. “China will eat Canada alive, completely devour it, including the destruction of their businesses, social fabric, and general way of life.”
“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.,” the post reads.
Tensions grow between the U.S. and Canada after Trump and Carney traded barbs this week at the World Economic Forum in Davos, Switzerland, this week. Carney said he opposed Trump’s proposed tariffs on European countries amid his calls for the U.S. to take control of Greenland. Trump backtracked on the tariffs after he and NATO Secretary-General Mark Rutte reached the “framework” of a deal over Greenland.
Carney warned of a “rupture” in the world order and called on “middle countries” to unite.
Trump slammed Carney and claimed that Canada receives “freebies” from the U.S., accusing the prime minister of not being “grateful.”
“But they should be grateful to us, Canada,” Trump said in Davos. “Canada lives because of the United States. Remember that, Mark, before you make your statements.”….
…
The growing tensions have placed the U.S.-Canada relationship at a “precipice,” Aaron Ettinger, a political science associate professor at Carleton University in Ottawa, previously told The Hill.
“We don’t know if this ends well for Canada at all,” he said. “There’s the realization from the past week that Canada is not dealing with a reliable or maybe even a rational leader of the United States.”
Just a week ago, Trump offered support for the Canada-China deal, which would cut tariffs on electric vehicles and canola. Canada will receive a maximum of 49,000 Chinese electric vehicles at a 6.1 percent tariff. China expects to lower its tariffs on canola seeds by March 1.
Trump previously slapped Canada with 35 percent tariffs last July, then bumped it up 10 percent in October after Trump was angered by an anti-tariff advertisement played during the World Series. Carney publicly apologized for the ad. Ontario Premier Doug Ford, an outspoken Trump critic, produced and paid for the ad….
Note….
The trade relationship of the United States with Canada is the largest in the world.
In 2023, the goods and services trade between the two countries totaled US$916 billion with U.S. exports valued at US$440 billion and Canadian exports at US$476 billion, resulting in a United States US$36 billion trade deficit with Canada.[1] Canada has historically held a trade deficit with the United States in every year since 1985 in net trade of goods, excluding services.[2] The trade relationship between the two countries crosses all industries, and both nations are one of the largest trading partners of the other…..
* When ARE the Supreme ‘s gonna let us know that Trump CANNOT just slap Tariff’s on countries without Congress???
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