Just days ago: “if he can get a deal with China that’s a good thing. He should do that.”
Today’s tariff temper tantrum has nothing to do with China, and everything to do with Trump’s fragile ego being upstaged by Carney at Davos.
Trump has:
- sought and made his own deals with China, including giving them access to advanced Nvidia chips which will massively help the PRC in the AI race;
- carved out a huge quota for Chinese foreign students, despite espionage concerns from intelligence agencies;
- repeatedly expressed his profound admiration for the dictator Xi (“an amazing guy,” “a great leader,” etc) including at Davos this week;
- been ambiguous about the willingness of the US to defend Taiwan from Chinese aggression
- Maintains higher levels of trade with China than Canada (10.9% of US trade vs 7.9% of Canadian trade)
Statement from the Honourable Dominic LeBlanc, President of the King’s Privy Council for Canada and Minister responsible for Canada-U.S. Trade, Intergovernmental Affairs, Internal Trade and One Canadian Economy:
“As the Prime Minister said this week, Canada and the United States have built a remarkable partnership in our economy and security — and we will remain focused on ensuring the future of that relationship will benefit workers and businesses on both sides of our border.
There is no pursuit of a free trade deal with China. What was achieved was resolution on several important tariff issues.
Canada’s new government is building a stronger Canadian economy, with a plan that is building our strength at home and strengthening our trading partnerships throughout the world.”
Thank you President Trump for drawing our attention to a historic and foundational document in the Canada–U.S. economic relationship. I invite everyone, especially our American friends, to listen to President Reagan’s full speech and form their own opinion about what he was truly saying.
A NEW CANADIAN SUPERSTAR IS BORN 🏆🇨🇦
Victoria Mboko defeats Naomi Osaka in a three-set battle to capture the National Bank Open title in Montreal 💥
#OBN25 | @OBNmontreal
Canada take charge 🔥
They storm to victory in the inaugural mixed 4x100m final at the #WorldRelays, clocking 40.30 to edge out Jamaica and Great Britain 😤
I don’t agree with @RandPaul on everything but he is 100% right on #tariffs. He gets it. He is also up on the true facts on Canadian Dairy Tariffs. Let’s end this stupid trade war and ship us up some bourbon.
President Trump’s tariffs are a capricious, destructive and dumb use of American power.
His 19th century fantasy might well end up dragging America back to what it was then — a poorer country marginal to the great currents of global economics and politics.
My take:
Virgin Atlantic is back in Toronto with direct flights to London! 🇨🇦✈️🇬🇧
This reinauguration joins 18 new routes connecting Canada and the UK this year.
More flights. More trade. More tourism. More people-to-people ties.
#visitbritain#Torontotolondon#ukincanada
President Trump’s tariff plan is the biggest break in American trade policy in over a century. It’s also one of the most profound and harmful mistakes of the modern era. Our economics editor, @currhenry, explains why it’s so utterly deluded https://t.co/lkGqejuVR0
Economic Vandalism is what I’ve called this new tariff policy. (Vandalism defined as “deliberate destruction of property.” ) As we survey the $2T wreckage of the stock market crash this is exactly what’s happened.