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Trump threatens Canada with 100% tariff over China trade deal
Sky News· 2026-01-24 17:27
Core Viewpoint - Donald Trump has threatened to impose a 100% tariff on Canadian goods if Canada proceeds with its trade deal with China, which includes lowering tariffs on Chinese electric vehicles in exchange for reduced import taxes on Canadian agricultural products [1][3]. Group 1: Trade Relations - Canada has negotiated a trade agreement with China that aims to lower tariffs on Chinese electric vehicles while seeking lower import taxes on Canadian farm products [1]. - Trump expressed that if Canada acts as a "Drop Off Port" for Chinese goods, it would face severe consequences, including a 100% tariff on all Canadian goods entering the U.S. [2][3]. - The Canada-US-Mexico Agreement has provided Canada with some protection against existing tariffs, but this agreement is due for review this year [4]. Group 2: Political Dynamics - The relationship between Trump and Canadian Prime Minister Mark Carney has deteriorated, with Trump referring to Carney as "Governor Carney," a nickname he previously used for Justin Trudeau [3]. - Carney has called for a new alliance to counter American and Chinese aggression during a speech at Davos, while Trump emphasized the importance of the U.S. to Canada's existence [7]. - Trump's revocation of Carney's invitation to join his "Board of Peace" reflects the ongoing tensions and shifting political dynamics between the two leaders [10].
X @BBC News (World)
BBC News (World)· 2025-09-22 00:12
Global conflicts drive demand for war risk insurance https://t.co/KkGkH74oji ...