NPR’s Adrian Florido speaks with The Globe and Mail columnist Andrew Coyne about the reaction in Canada to Prime Minister Mark Carney rejecting a U.S. trade deal.
Audio Interview:
Category: Trade (Page 14 of 19)
Ian Brodie – first Chief of Staff to Stephen Harper. Now, Professor of Political Science at the University of Calgary, and Senior Advisor at New West Public Affairs.
Tim Murphy – former Chief of Staff to Paul Martin. Now, Executive Vice President and Chief Strategic Affairs Officer at AECON.
Brian Topp – former Chief of Staff to Rachel Notley in Alberta and Deputy Chief to Roy Romanow in Saskatchewan. Now, founding partner at GT&co.
The Honourable Anita Anand, Minister of Foreign Affairs, the Honourable David J. McGuinty, Minister of National Defence, and the Honourable Randeep Sarai, Secretary of State (International Development), today issued the following statement:
“Today, on the 35th anniversary of Ukraine’s independence, we join Ukrainians – including those in Canada and around the world- in commemorating a day that is both a celebration of sovereignty and a moment of reflection, remembrance and resolve.
Premier Doug Ford, speaking in an interview with The Associated Press, said “everything is on the table” if the dispute worsens, including cutting off electricity and critical minerals from Ontario. He also called for Canada to consider using oil and potash as leverage.
“I’ll cut them off,” Ford said of critical minerals. “You won’t get a grain of sand out of Ontario.”
‘We need to see something that will hit them where it hurts’: NB Premier Susan Holt
British Columbia Premier David Eby speaks to U.S. media about failed trade negotiations and how it will impact industries.
U.S. tariffs on all cars and trucks, automotive parts and steel will be increased to 50% starting January 1, 2027, President Donald Trump said in a social post on Monday after trade talks with Canada collapsed over the weekend, David Shepardson and Daphne Psaledakis at Reuters report.
Alex Ballingall, Toronto Star: Donald Trump threatens 50% tariffs on Canadian autos
Bloomberg: Trump vows to double tariffs on Canadian autos, escalating fight
The breakdown in Canada-U.S. negotiations has left Canada in a difficult position, with uncertain and challenging times ahead. But agreeing to the deal the U.S. was offering on Friday night would have been worse, writes Steve Verheul in the Globe and Mail.
Accepting tariffs against key Canadian exports in an integrated North American economy and against the fundamental obligations of our existing free trade agreement would have meant crossing a threshold that would be difficult to unwind. Canadian autos, which faced a reported 15-per-cent tariff under the terms of the proposed deal without an exemption for Canadian content, would have faced the most severe consequences. But that illustrates obstacles that would have also been faced by others.
On the face of it, the opponents — I still have to rub my eyes at the idea of Canada as an enemy — appear extremely unevenly matched. The U.S. economy is a dozen times larger than Canada’s. We buy three-quarters of their exports, while they buy only about a sixth of ours. Surely they must have much more than we do to lose from trade conflict.
Yet one clear lesson from a year and a half of Trumpian trade war is that when trade conflicts become extreme, access to crucial imports is more important than the ability to export to another country’s markets. In the case of Trump’s tariffs on China, they have been little more than an inconvenience to the Chinese economy. But China’s threat to cut off exports of rare earths is an existential threat to Western technology industries.
For Canada, the choice came down to either severe but temporary economic instability or binding itself to a pseudo-democratic fiscal basketcase of a nation, whose only apparent foreign policy objective has become domination for the gratification of its president’s slapdash vanity, Stephen Marche writes in the NY Times.
But Mr. Carney did not simply reject a trade offer on Friday. He was openly defiant of the new breed of American aggression. “We will not allow any nation to determine our future,” he said.