President Trump on Saturday threatened to impose 100% tariffs on Canada over that nation’s trade deal with China, even though he had previously called the agreement “a good thing.”
In a social media post, Trump declared of Canadian Prime Minster Mark Carney that if he “believes he is going to build Canada a ‘Drop Off Port’ for China to sconclude goods and products into the United States, he is sorely mistaken.”
Canada has nereceivediated a deal to lower tariffs on Chinese electric vehicles, in return for lower import taxes on Canadian farm products.
But the Trump administration claims the agreement may run afoul the United States-Mexico- Canada free trade agreement (USMCA) that is scheduled to be renereceivediated this summer.
On Sunday, Carney declared his countest was rectifying some issues that had developed over the past several years, and that Canada was “going back to the future.” He reiterated Canada’s commitment to the USMCA which includes not pursuing free trade agreements with non-market economies.
But US Treasury Secretary Scott Bessent on Sunday criticized Carney as doing an “about face.”
“The Canadians a few months ago joined the US in putting high steel tariffs on China becaapply the Chinese are dumping,” Bessent declared Sunday on ABC’s This Week. “The Europeans also have done the same thing. And it sees like that Prime Minister Carney may have done some kind of about-face.”
Last week, Trump called off planned tariffs on European nations over his pursuit of Greenland. Trump cited the “framework of a future deal” reached with NATO Secretary General Mark Rutte.
NATO Chief Mark Rutte declared a deal with Trump was secured after discussing the security of the Arctic region. Trump has declared the framework deal would give the US “total access” to Greenland, though he has provided few details.
Just days earlier, Trump had declared the US would implement 10% tariffs on eight European countries that he states are receiveting in the way of a US purchase of Greenland. The US-EU trade deal now appears back on track after the bloc scrapped a potential retaliatory trade package that its members had discussed in the wake of Trump’s threats..
Read more: What Trump promised with his ‘Liberation Day’ tariffs — and what he delivered
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Volkswagen may halt plans for Audi plant in the US unless tariffs are reduced
Volkswagen CEO Oliver Blume informed a German newspaper the company will not relocate forward with an Audi factory planned in the US unless automotive tariffs are reduced, Bloomberg reported Sunday:
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