America and Canada cannot reach business deal, Trump says
US President Donald Trump says that his country cannot reach a new business deal with Canada and simply put more or high tariffs on his northern neighbor – something that he is threatening to do in a week’s time.
“We were not really much luck with Canada,” Trump told reporters on Friday outside the White House in response to a question about tariff talks with US Trading Partners.
“I think Canada may be one where there is just a tariff, not really a conversation,” he said before leaving on a trip to Scotland. This is the first time Trump has publicly spoken about the status of conversation with Canada in about two weeks.
Trump sent a letter to Prime Minister Mark Carney on 10 July, Threat On 1 August to hit Canada with 35 percent tariff.
This rate will currently be applicable to Canadian exports, currently being tarted at 25 percent Trump’s emergency powersFantenal smuggling citing national security threat. Most Canadian accessories are exempted from that tariff, provided that they meet the North American content rules of the Canada-US-Maxico Agreement (CUSMA).
Separate, Canadian steel and aluminum are facing 50 percent tariffs that the US has imposed on such imports from all countries, while the US tariff on Canadian energy and potash is set to 10 percent.
Although the August 1 deadline of US President Donald Trump is coming fast, there is no indication of success on a new Canada-US business deal after a week-long conversation in Washington, DC Ottawa continues to say that it will not sign anything that is not in the best interest of Canada.
Trump made his remarks after a reporter, asking what he expects now and next Friday, the date set for installing new or high tariffs on many of America’s biggest trading partners.
Trump said, “August 1 is coming and most of our deals will end, if not all,” Trump said. He spoke of progress in negotiations with Australia, European Union and China, but excluded Canada for criticism.
‘Canada’ has not been focused on focus
“We have no deal with Canada; we have not focused on them,” Trump said.
Trump’s comments are the latest nails in Canada’s potential for the US President’s deadline deal.
On Thursday, during the visit to the top trade negotiaters of Washington, Canada Reduced the possibility They will get an agreement by 1 August.
Canada-US Trade Minister Dominic Labbe said, “We will continue to work for the time limit of 1 August.” “But all these time limits are with the understanding that we will take the necessary time to get the best deal which we think is in the interest of the Canadian economy and Canadian workers.”
Earlier this week, Carney told a news conference that his purpose is “is”Whatever it is, not to reach that deal,
After Carney’s meeting with Canada’s premiere, Nova Scotia’s Tim Houston said the Prime Minister is not ready to sign a deal from the deadline.
Last time Trump publicly talked about trade talks with Canada which was on 14 July Interview with BBC’s Gary O’Donogue,
Trump said at that time, “We are currently interacting with Canada and we will see how all this works. I think it’s going to work very well.”
