ibusinesslines.com
ibusinesslines.com August 18, 2018


Trump Seeks To Punish Canada Until He Gets What He Wants

13 June 2018, 12:36 | Erica Roy

One map shows why Trump’s trade fight with Canada could end in disaster

Trump considering separate NAFTA deals? | Apparel Industry News

British Prime Minister Theresa May offered some support for Canadian Prime Minister Justin Trudeau in the fallout from the Group of Seven leaders meeting in Quebec, but she stopped short of condemning critical comments made by U.S. President Donald Trump's trade adviser.

He told reporters that imposing retaliatory measures "is not something I relish doing" but that he wouldn't hesitate to do so because "I will always protect Canadian workers and Canadian interests". For many poor countries it is a huge impediment to their development - food production is where they have the comparative advantage, the one industry which they could quickly grow in order to boost exports. Still, numerous Canadian officials, including Trudeau's spokesperson, noted that he said nothing new or anything that hadn't been discussed with Trump in private.

But before the group could sign off on a joint statement of agreement on trade talks, Trump's advisers reportedly insisted that the US would not agree to two key points in the statement related to the environment. We preach free trade, to the point of twisting the arms of developing countries to open their markets to our manufactured goods - yet at the same time we erect high barriers against imports of agricultural goods. "$800 billion trade deficit", he said.

What did Trudeau and Trump say?

Trudeau said earlier that all G-7 members had agreed to sign the communique at the Quebec summit. He had other things, bigger things, on his plate in Singapore.

Hashtag #Eyebrowgate trended and soon, Trudeau's Eyebrows even had their own Twitter account.


May warned of the risks of a tit-for-tat escalation of the trade dispute and said Britain continued to support the G7 communique, which mentioned the need for "free, fair, and mutually beneficial trade" and the importance of fighting protectionism.

Let's get real here in past 24 hours President of the United States has been slammed by Justin Trudeau, Robert De Niro, Emmanuel Macron and John McCain.

Liberal MP and former dairy farmer Wayne Easter said there was a real sense of panic building in his P.E.I. riding over the implications of Trump's pronouncements following his departure from the G7 gathering. "He did a great disservice to the whole G7", economic advisor Larry Kudlow said on CNN on Sunday. But the trolled Prime Minister had his staunch supporters too.

Tensions have been building between the two countries for months, as President Trump has targeted Canada as one of the many countries he sees as giving American the short end of the stick in trade deals. From promoting democracy and to fighting terrorism, "we're on the same page".

As well, she said the government should accelerate work on its Plan B in the event that Trump blows up NAFTA or follows through on threats to impose tariffs on autos and auto parts - a move Ambrose said would be devastating to Canada's economy. May paid tribute to Mr. Trudeau for "his leadership and skillful chairing" of the G7 and added that the United Kingdom "fully intends to honour the commitments we have made" in the final communiqué. Minimum is 17B. Tax Dairy from us at 270%.



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