The Latest.
- U.S. President Donald Trump has threatened to impose 100 per cent tariffs on Canadian goods if the country “makes a deal with China.”
- Prime Minister Mark Carney has not taken questions about the threat, but posted an ad online this afternoon reiterating that Ottawa’s response to economic threats will continue to be focusing on what it can control.
- Ministers on Parliament Hill today acknowledged the threat is serious, but they said it only confirms Canada needs to stay the course with its strategy to move trade dependency away from the U.S.
- Carney made a trade deal during a recent visit to China, calling the country “a reliable and predictable” trading partner. Then, in Davos, Switzerland, he also encouraged European leaders to work with the nation.
This is exactly why the deal with China is happening. Europe caved the first time and the US came right back with more demands. Canada isn’t having it anymore.
Hopefully, Carney cut the Digital Sales Tax when Trump said boo. I do have faith that he wont fall flat on his face after that speech. Trump came out with this plan on a Saturday so that the stock market would not freak out as much.
Last week Trump said it was a good thing to make deal with China if you could.