United States President Donald Trump said on Thursday all trade talks with Canada were terminated following what he called a fraudulent advertisement in which former and late president Ronald Reagan spoke negatively about tariffs. Trump imposed tariffs on Canadian steel, aluminum and autos earlier this year, prompting Ottawa to respond in kind. The two sides have been in talks for weeks on a potential deal for the steel and aluminum sectors. “Based on their egregious behavior, ALL TRADE NEGOTIATIONS WITH CANADA ARE HEREBY TERMINATED,” Trump wrote on Truth Social. Ontario Premier Doug Ford said earlier this week the ad from his province with anti-tariff messaging had caught Trump’s attention. The ad showed Reagan, a Republican, criticising tariffs on foreign goods while saying they caused job losses and trade wars. “I heard that the president heard our ad. I’m sure he wasn’t too happy,” Ford said on Tuesday. The Ronald Reagan Presidential Foundation issued a statement late on Thursday saying the ad by the gove...
OTTAWA: Canada will remove many retaliatory import tariffs on U.S. goods and intensify contacts with the United States on striking a new trade and security relationship, Prime Minister Mark Carney said on Friday. Canadian tariffs on U.S. autos, steel and aluminum will remain for now, he told a press conference in Ottawa. Carney noted that […]
The United States will resume trade negotiations with Canada immediately after Ottawa scrapped its digital services tax targeting U.S. technology firms, White House economic adviser Kevin Hassett said on Monday. “Absolutely,” Hassett said on Fox News Channel when asked about the talks restarting. White House press secretary Karoline Leavitt told reporters that Canadian Prime Minister […]
United States President Donald Trump said on Friday that he is calling off trade negotiations with Canada in retaliation for taxes impacting major US tech firms, adding that Ottawa will learn of their tariff rate within a week. “Based on this egregious tax, we are hereby terminating all discussions on trade with Canada, effective immediately,” Trump said in a post on his Truth Social platform. He added that Canada will soon find out the levy it needs to pay to do business in the United States, calling his country’s northern neighbour “very difficult” to trade with. Washington has previously taken issue with Canada’s digital services tax, requesting dispute settlement talks last year over the matter. While Canada’s digital services tax is not new — it was enacted last year — US service providers are “on the hook for a multi-billion dollar payment in Canada” by June 30, noted the Computer and Communications Industry Association. While Canada has been spared from some of Trump’s most sweeping duties, such as a 1...
Group of Seven (G7) leaders will gather in the Canadian Rockies starting on Sunday amid growing splits with the United States over foreign policy and trade, with host Canada striving to avoid clashes with US President Donald Trump. While Canadian Prime Minister Mark Carney says his priorities are strengthening peace and security, building critical mineral supply chains and creating jobs, issues such as US tariffs and the conflicts in the Middle East and Ukraine are expected to feature heavily. US ally Israel launched a barrage of strikes across Iran on Thursday, a blow to Trump’s diplomatic efforts to prevent such an attack. The summit will take place in the mountain resort of Kananaskis, some 90 kilometres west of Calgary. The last time Canada played host, in 2018, Trump left the summit before denouncing then Canadian Prime Minister Justin Trudeau as “very dishonest and weak” and instructing the US delegation to withdraw its approval of the final communique. “This will be a successful meeting if Donald Trump...