Trump warns Canadian PM Carney of “very bad” fallout in trade standoff
Trump said Canadian politicians he views as “the enemy” could face a collapse of their economy after U.S.-Canada trade talks fell apart. Carney said a deal remains possible if Washington is ready to negotiate.
President Donald Trump has warned of severe repercussions for Canadian Prime Minister Mark Carney and other politicians following the recent collapse of U.S.-Canada trade talks.
On Thursday, Trump took to his Truth Social and wrote that Canadian politicians making him “the enemy” could lead to a collapse of their economy.
He added that this would also prove “very bad” for politics, “worse than anything that has ever happened to a Canadian Politician.
Just watch!” Read Also: Majority of Americans Reject Trump’s Canada Trade War as 57% Oppose More Tariffs and 63% Say No to 'Lake America' Rename Carney Signals Openness to US Trade Deal Earlier, Commerce Secretary Howard Lutnick accused Carney of derailing a nearly completed U.S.-Canada trade deal for political reasons, claiming Ottawa wanted to gain support ahead of domestic elections.
Lutnick argued that Canada introduced “crazy ideas” in the final hours of negotiations for domestic political reasons.
During a news conference in Thunder Bay in Northwestern Ontario on Thursday, Carney pushed back against Lutnick’s accusation, questioning the expertise of “unelected” U.S. officials on Canadian politics. by CNBC.
However, Carney said a mutually beneficial trade deal with the U.S. remains possible, adding that Ottawa is ready to negotiate whenever Washington is willing. "We’re ready to sit down and strike that deal when the Americans are ready," Carney said.
Economist Peter Schiff criticized Carney’s retaliatory tariffs on U.S. goods, calling them politically popular but economically harmful for Canada.
His remarks came after Trump imposed 50% tariffs on certain Canadian imports, prompting Ottawa to announce retaliatory tariffs of up to 50% on roughly 700 U.S. products, set to take effect Sept.
8 Schiff argued that the measures would ultimately hurt Canadian consumers and the broader economy.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published editors.
Read Also: Mark Carney Slams Trump Trade Talks Over ‘Uncompetitive’ Terms for Autos, Other Industries: Says American Auto Industry Is 'Stronger' Because of Canada Photo courtesy: Shutterstock