Trump threatens 100% tariffs on all Canadian goods if Canada strikes deal with China
U. S. President Donald Trump shared on Truth Social that ‘If Governor Carney thinks he is going to make Canada a ‘Drop Off Port’ for China to send goods and products into the United States, he is sorely mistaken.’ This new threat follows Prime Minister Mark Carney’s speech at the World Economic Forum in Davos, Switzerland-a speech many interpreted as criticism of U. S. policies.
A number of Gulfstream’s jets-like the G450, G350, GV, G550 and G500-have received some level of certification from Transport Canada according to information available on their website.
Bombardier and Gulfstream are currently fierce competitors within the business jet industry.
During his first term in office, Trump also targeted Bombardier directly by imposing nearly a 300 per cent tariff on its C Series jets. That model has since been rebranded as the A220 after being sold to Airbus.
Apart from Bombardier, both De Havilland Canada and Airbus operate manufacturing facilities in Canada and may face tariffs if Trump decides to act on his threats.
WATCH | Trump official warns Carney not to ‘pick a fight’ with U. S. president:
Scott Bessent warns Carney not to ‘pick a fight’ with Trump ahead of trade talks
U. S. Treasury Secretary Scott Bessent commented about President Trump’s relationship with Prime Minister Mark Carney following Carney’s prominent speech at Davos. He advised CNBC’s Sara Eisen saying ‘I would not pick a fight going into USMCA to score some cheap political points.’
Tensions between Canada and the U. S. have intensified since Trump’s reelection campaign began. The U. S. president consistently mocked Canada’s position as essentially being like the 51st state last winter while imposing tariffs on multiple Canadian imports.
Tensions seemed somewhat reduced during spring and summer months as both Washington and Ottawa attempted to negotiate some relief from tariffs. However negotiations fell apart in fall when Trump halted discussions citing an Ontario government ad that referenced former president Ronald Reagan’s anti-tariff arguments.
Lately though, Trump’s tone towards Prime Minister Mark Carney has turned more aggressive following Carney’s high-profile address at Davos which was largely seen as pushing back against Trump’s foreign policy strategies.
Soon after that event took place; Trump remarked that Canada “lives because of the United States,” while also withdrawing an invitation for Carney to participate in his “Board of Peace” initiative.
This past weekend marked another change where Trump referred to Carney simply as “governor,” similar terminology he previously used when addressing former prime minister Justin Trudeau-all while threatening hefty tariffs up to 100 per cent against Canadian goods should Ottawa engage with China further.
This week saw Treasury Secretary Scott Bessent weigh-in regarding statements made during Carney’s Davos speech stating that it was unnecessary for him “to be virtue signalling.”WATCH | Trump’s threats often don’t turn into action:
Does ‘Trump Always Chicken Out’? (TACO) | About That
Many have taken note regarding President Donald Trump’s unpredictable approach towards tariffs leading them coining it under TACO acronym standing for “Trump Always Chickens Out.” But does he really back down or could it be part negotiation tactic? Andrew Chang explores what potential gains-and losses-could arise if he backs off from these extreme policies. Images provided by Getty Images , The Canadian Press , and Reuters.“I would just encourage Prime Minister Carney do what he thinks is best for Canadians,” Bessent stated during Wednesday’s interview with CNBC’s Sara Eisen.
“I would not pick fights leading up toward USMCA over getting easy political wins,” he added referencing America’s acronym related agreement between countries (CUSMA) which enters reviews this year.
Gulfstream President Mark Burns mentioned back in November how ongoing tensions surrounding trades between US-China had definitely slowed down various opportunities within Chinese markets.
“It’s an important market area for us,” said Burns adding “Yet you know clearly these trade disagreements lead towards slowdowns within such areas so I’m remaining hopeful something gets resolved soon.”
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