Not to pile on, but it is hard to negotiate when the other party is not clear as to what they want. In the press conference, Trudeau said as much, and added that he has reached out to Trump for further discussions and is open to good-faith negotiations.
Meanwhile, the actual stated reason for the tariffs is fentanyl, yet only 1% of it comes from Canada, and even then Canada has agreed to US demands of further securing the border.
Is it about trade deficits? Seems hard to believe, given that the USMCA was negotiated by Trump in 2018, and he hailed it as the "fairest, most balanced, and beneficial trade agreement we have ever signed into law".
Is it about bringing back manufacturing to the US? Then why is China being hit with less trade tariffs than Canada (20% total vs 25%) when the US imports around the same amount from China as from Canada?
Meanwhile, the actual stated reason for the tariffs is fentanyl, yet only 1% of it comes from Canada, and even then Canada has agreed to US demands of further securing the border.
Is it about trade deficits? Seems hard to believe, given that the USMCA was negotiated by Trump in 2018, and he hailed it as the "fairest, most balanced, and beneficial trade agreement we have ever signed into law".
Is it about bringing back manufacturing to the US? Then why is China being hit with less trade tariffs than Canada (20% total vs 25%) when the US imports around the same amount from China as from Canada?