Trump Halts Trade Talks with Canada, Announces Plan for New Tariffs

In a post on Truth Social on Friday, former U.S. President Donald Trump stated that he has ceased trade discussions with Canada and intends to impose a new tariff rate on the country’s goods. The announcement marks a renewed focus on protectionist trade policies and could signal a shift in U.S.-Canada economic relations if Trump returns to office.

The statement did not specify the details of the new tariff rate or which Canadian products would be affected. However, Trump’s history with tariffs during his presidency, including levies on steel, aluminum, and agricultural products, suggests a continuation of his hardline stance on trade.

“We’re done talking,” Trump wrote on Truth Social, adding that Canada will “soon see what they have to pay.” The former President has long criticized trade deals he views as unfavorable to American workers and industries, often targeting U.S. allies and trade partners.

The announcement could have significant ramifications for bilateral trade between the two countries, which exceeds $700 billion annually. Canada is the United States’ second-largest trading partner, and many industries on both sides of the border are deeply integrated, including the automotive, energy, and agriculture sectors.

The Canadian government has yet to officially respond to Trump’s statement. During his presidency, Prime Minister Justin Trudeau’s administration frequently engaged with U.S. officials to navigate trade hostilities, including securing exemptions and retaliatory measures in response to American tariffs.

Trump’s comments come amid his campaign for re-election in 2024, as he seeks to secure the Republican nomination. His trade rhetoric continues to be a cornerstone of his platform, aimed at appealing to domestic manufacturing and labor constituencies.

Experts caution that such announcements, made outside the context of official diplomacy or trade negotiations, can create uncertainty in international markets and complicate long-standing alliances. Further details on the proposed tariffs are expected to emerge in the coming days.

Source: https:// – Courtesy of the original publisher.

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