Canada Trade Standoff
US Shows No Urgency For Canada Trade Deal Amid Escalating Tariffs
Anonymous
The Trump administration says it has little urgency to reach a trade agreement with Canada, arguing that essential trade in oil, gas, potash and agricultural products continues despite the escalating dispute. U.S. tariffs on Canadian goods and Canadian retaliatory tariffs are already in place, with new U.S. import bans on some Canadian products due to take effect soon and Washington threatening 50% tariffs on Canadian autos, parts and steel from January. The measures are straining relations, affecting businesses and consumers, and raising concerns about North American supply chains and the future of the U.S.-Mexico-Canada trade agreement. Canadian Prime Minister Mark Carney has criticized the U.S. offer and urged Canada to reduce its reliance on its biggest trading partner.
Key Points
1
The upcoming U.S. import bans are set to cover Canadian alcoholic beverages, motorcycles and dairy products.
2
Greer said the tariffs on steel, aluminum and autos are intended to encourage companies to move manufacturing to the United States, and argued that the policy is already benefiting American steel and auto manufacturers.
3
Greer described the failed August talks by saying, “we gave them a deal. They left.”
4
Trump signed an order to ban certain Canadian imports and directed some federal agencies to remove Canadian goods from procurement lists.
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