Quantcast
Connect with us

Canada is taking advantage of Trump’s tariff pratfalls by scooping up new trade partners: report

Published

on

As American manufacturers reel and U.S. farmers see their economic well-being being destroyed by Donald Trump’s trade wars, the Canadian government is stepping into the breach and boosting their own trade relations, reports Politico.

As part of their Global Translations podcast, Politico notes that countries — and manufacturers — are not standing by helplessly as Trump threatens and changes directions on trade on almost a daily basis.

Noting that Trump’s biggest trade war at the moment is with China, Goldy Hyder, the CEO of the Business Council of Canada, claimed, “What we’re witnessing here in the backdrop … is what’s happened in history before when No. 2 is on the verge of overtaking No. 1,” before adding, “In more than half of those episodes, it’s actually ended in war — and so we clearly can’t afford for this episode to end in a war.”

According to trade lawyer Dan Ujczo, “The companies I work with are saying, ‘Look, we don’t have time to wait for the politics and policy to figure out we’re moving production to another country because we have to have this product in our supply chain.’ We’re not going to buy our way out of this with purchasing so we’re going to have to start reconfiguring our supply chains. And I think ultimately that’s the goal at USTR and at the White House.”

Canada, America’s No. 2 trading partner, on the other hand, is looking to expand its trade reach — in both imports and exports — because the U.S. under Donald Trump can’t currently be counted on as a predictable partner.

ADVERTISEMENT

‘While the Canadian government and businesses are pushing for ratification of the U.S.-Canada-Mexico-Agreement, they are simultaneously making a concerted effort to reduce their heavy reliance on the U.S. — including entering into trade agreements with other countries and providing government funds to promote trade in new markets,” the reports states adding that the trade minister now has a new title.

“We’ve recognized that there is a shift here,” Hyder said. “Our minister is now called the ‘Minister of Trade Diversification’ — the previous title may as well have been the ‘Minister for United States Trade.’”

“We’re doing everything we can to take advantage as a business community of new agreements that have been reached — the Canada-Europe Trade Agreement, the Trans-Pacific Partnership,” Hyder explained, adding, “One of the areas that we in the business community have been calling out for is what is the China strategy? What is it for Canada? What is it for the United States? What is it for Europe? How do we work together and manage that?”

ADVERTISEMENT

You can read more here.


Report typos and corrections to [email protected].

Send confidential news tips to [email protected].
READ COMMENTS - JOIN THE DISCUSSION
Continue Reading

Breaking Banner

George Conway nails Trump after his latest Twitter meltdown: ‘You deserve no one’s respect’

Published

on

Conservative attorney George Conway mocked his wife's boss for griping about a critical column about him published by the New York Times.

The president unleashed a Twitter tirade against Times columnist Thomas Friedman over his widely discussed column this week, titled "Trump Will Be Re-elected, Won’t He?"

Trump griped that Friedman had called him a racist after speaking respectfully to him by phone.

Continue Reading

Breaking Banner

Trump’s attack on Ilhan Omar is no surprise — he’s trafficked in racism his whole life: biographer

Published

on

In a column for Bloomberg, Tim O'Brien -- the author of "TrumpWorld" -- said the racist attack that Donald Trump made on four Democratic lawmakers who also all happen to be women of color, should not surprise anyone with a passing familiarity of the president.

According to O'Brien, racism has been a centerpiece of Trump's life going back to when he was just starting out in his family's real estate business.

Continue Reading
 

Breaking Banner

New Hampshire GOP lawmaker: Owning slaves doesn’t make you a racist

Published

on

A New Hampshire state lawmaker came under fire this week after he argued that owning black people as slaves does not make someone racist.

USA Today reports that Republican state Rep. Werner Horn recently responded to a Facebook post from a former state House member named Dan Hynes, who argued that President Donald Trump couldn't possibly be the most racist president ever because he never owned slaves.

Continue Reading
 
 
 

Copyright © 2019 Raw Story Media, Inc. PO Box 21050, Washington, D.C. 20009 | Masthead | Privacy Policy | For corrections or concerns, please email [email protected]

Join Me. Try Raw Story Investigates for $1. Invest in Journalism. Escape Ads.
close-image