Trump Threatens to Destroy Canada


B00Mer
No Party Affiliation
#1
‘It’d Be the Ruination of the Country.’ Trump Threatens to Tariff Canada’s Cars Over NAFTA





President Donald Trump said Friday he could be the “ruination” of Canada if he imposed tariffs on automobile imports. “If I tax cars coming in from Canada, it would be devastating,” he said, according to a pool reporter accompanying Trump en route to North Dakota for a Republican fundraiser.

Trump said that he’d prefer not to impose tariffs in imported Canadian-made cars. However, he accuses Canada of taking advantage of America for “decades.” “We cannot continue to get ripped off like we’ve been ripped off before,” he said.

Trump’s rhetoric is aimed at forcing Canada to accept new terms in a re-negotiated North American Free Trade Agreement (NAFTA), after the Trump administration extracted concessions from Mexico, the third country in the arrangement. The changes include an increase in the percentage of a car’s value made in North America (75% up from 62.5%) to bypass import tariffs, slightly more local parts and refined metals, and nearly half of the car has to made by workers earning $16 an hour or more.


Among elements the Trump administration wanted changed is an automatic end to NAFTA every five years unless terms are renegotiated—a so-called “sunset” clause. Mexico agreed to changes that would put rules in place for 16 years, at which point renegotiations would be required and every six years thereafter.

Canada exports CDN$71 billion to the U.S. in cars and car parts, and economists expect a noticeable hit on jobs, with a loss of over 160,000 forecast, according to an estimate by TD Bank, representing a loss of just under 1% of all jobs in Canada. Losses would center in Ontario. Ontario recently elected Doug Ford, a politician who employed Trump-like campaign and leadership tactics, as its premier.

Aluminum and steel tariffs imposed on Mexico and Canada, among other nations, also remain a contentious issue.

The outgoing administration of Enrique Peña Nieto has to sign the revised deal before the incoming President Andrés Manuel López Obrador takes office on Dec. 1. Mexico has signaled it might sign the NAFTA revision without Canada’s participation, but Republicans in the U.S. Congress have said that without Canada on board, they are unlikely to allow a Mexico-only agreement to proceed.

The president, not one to play his cards close to his vest, said that threats of car tariffs cause negotiators for other countries to capitulate to his terms. “We’ll do it! We’ll do it! We’ll agree! We’ll agree!” he said, imitating trade representatives.

Canada’s foreign minister, leading NAFTA negotiations for the country, said today that good progress has been made towards hammering out Canada’s signing the revised agreement, according to Reuters.

A Canadian dairy quota system designed to protect production within the country remains a sticking point, as well as the Canadian content law, which specifies a percentage of broadcast media had contributions from Canadians.


http://fortune.com/2018/09/07/trump-...a-car-tariffs/

Meanwhile the Canadian PESO looses more ground today.. Thanks Trudeau for nothing..
 
MHz
-1
#2
American's like Monsanto laced dairy products, let them produce their own and let Canadians suffer with 'raw milk'.
 
Walter
#3
What does Monsanto laced mean?
 
Walter
#4
Trump never said ruination with regard to Canada and the NAFTA negotiations.
 
B00Mer
No Party Affiliation
+1 / -1
#5  Top Rated Post
Quote: Originally Posted by Walter View Post

Trump never said ruination with regard to Canada and the NAFTA negotiations.

You're probably right.. that way to big of a word for Trump to use..
 
B00Mer
No Party Affiliation
+1
#6
However Canada has to stop protecting the Canadian Milk Cartels.. it's time to open the markets to cheaper milk and let the consumer have the choice what to buy.

If the Canadian Milk Cartels can't survive selling to it's new 360 million population that they will have access too, maybe it's because they are over priced or doing something wrong.

As far as Trudeau.. he can suck my Ass Hairs.
 
White_Unifier
+1
#7
Quote: Originally Posted by B00Mer View Post

However Canada has to stop protecting the Canadian Milk Cartels.. it's time to open the markets to cheaper milk and let the consumer have the choice what to buy.
If the Canadian Milk Cartels can't survive selling to it's new 360 million population that they will have access too, maybe it's because they are over priced or doing something wrong.
As far as Trudeau.. he can suck my Ass Hairs.

I wouldn't let Trudeau anywhere near my ass hairs.
That said, I agree with putting an end to milk protectionism. Health concerns are a red herring. It would be easy to simply ban hormone-ridden milk while still allowing all other milk into Canada. That would mean that any US milk producer who wants to sell to Canada would just need to meet Canadian milk standards. Done. The milk cartels are way off base when they propose that somehow US food imports don't need to meet Canadian sanitary standards.
Last edited by White_Unifier; 4 weeks ago at 11:46 AM..