Says he will put tariffs on Canadian-made cars unless Canada negotiates “fairly.”
U.S. President Donald Trump, in a call from the oval office with Mexico’s President Enrique Pena Nieto, have announced the “U.S. – Mexico Trade Agreement.”
Trump has announced that the NAFTA name will be scrapped, due to a “bad connotation” with the name.
The U.S. & Mexico reached agreement on issues particularly the manufacturing sector and the auto sector.
Now, the U.S. will use the deal with Mexico as leverage over Canada, with Trump saying Canadian-made cars will be hit with tariffs if Canada doesn’t “negotiate fairly.”
Here’s what Trump said about Canada:
Pres.Trump discusses Canada while announcing US-Mexico trade agreement:
“Frankly, the easiest thing we could do is tariff their cars coming in … I think we’ll give them a chance to probably have a separate deal. We could have a separate deal or we could put it in to this deal.” pic.twitter.com/kDFZQBBxkw
— NBC Nightly News with Lester Holt (@NBCNightlyNews) August 27, 2018
That would absolutely devastate the Canadian auto sector, and Trump appears to be setting up the Trudeau government to be forced to chose between Supply Management and the Canadian auto sector.
This situation represents the epic failure of Justin Trudeau’s and Chrystia Freeland’s strategy. Our leverage is gone, “solidarity” with Mexico was a massive mistake, and the virtue-signalling/lecturing approach has left Canada in a horrendously vulnerable situation.
Trump’s announcement can be watched below:
Photo – Twitter