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Canada PM Trudeau meets Trump as US president-elect threatens to impose tariffs

by Index Investing News
November 30, 2024
in World
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Donald Trump talks with Canada’s PM Justin Trudeau throughout a North Atlantic Treaty Group Plenary Session on the Nato summit in Watford, Britain, December 4, 2019. (Reuters)

Canadian Prime Minister Justin Trudeau visited Florida on Friday for a dinner assembly with US president-elect Donald Trump at his Mar-a-Lago property. The assembly adopted Trump’s announcement of deliberate tariffs of as much as 25 per cent on imports from Canada.
The go to was unannounced and got here after every week of efforts by Canada and Mexico to handle Trump’s commerce threats. Specialists have warned that the tariffs might additionally have an effect on US shoppers.
Trudeau is the primary G7 chief to satisfy Trump since November 5 election.
The dinner included Trudeau, Trump, and a few members of Trump’s proposed administration. The assembly was prompted by Trump’s menace, made in a Monday put up on his social media platform Fact Social, to impose tariffs on key US buying and selling companions on his first day in workplace, January 20.
In his put up, Trump wrote, “As everyone seems to be conscious, hundreds of persons are pouring by way of Mexico and Canada, bringing Crime and Medicine at ranges by no means seen earlier than. This Tariff will stay in impact till such time as Medicine, specifically Fentanyl, and all Unlawful Aliens cease this Invasion of our Nation!”
The tariffs, which might be paid by importers, are more likely to result in greater costs for shoppers in US. This has induced concern amongst officers in Canada and Mexico in addition to within the US. Trump additionally talked about a ten per cent tariff on imports from China.
Biden warned similar day that Trump’s tariff threats might “screw up” Washington’s relationships with Ottawa and Mexico Metropolis.
“I feel it is a counterproductive factor to do,” Biden advised reporters.
Canada is the most important buying and selling associate of america, exporting $423 billion billion value of products and providers, or 78 per cent of its complete exports, to the US in 2023.
Earlier on Friday, Trudeau mentioned Trump’s threats needs to be taken severely. “Donald Trump, when he makes statements like that, he plans on carrying them out. There’s no query about that,” Trudeau advised reporters.
He added, “Our accountability is to level out that on this method he can be really not simply harming Canadians who work so nicely with america. He’d really be elevating costs for Americans as nicely, and hurting American trade and companies.”





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