The president’s 50 percent tariffs went into effect on Saturday.
U.S. Trade Representative Jamieson Greer announced that Canada declined to finalize the trade deal that had been discussed last week. President Trump’s 50 percent tariffs on Canadian goods went into effect on Saturday.
“Despite the U.S. offer to Canada to receive the best treatment of any major exporter to our market, new demands and walk backs of other commitments by Canada have upended the careful balance reached in the past days,” he said. “In addition, Canada is continuing to maintain its prolonged retaliation against the United States, including, among other things, flat-out prohibitions on certain American goods and services.”
Trade Representative Greer continued, “For decades, Canada has enjoyed the most favorable access to the U.S. market of any country. And from the beginning of President Trump’s trade program, Canada has continued to enjoy the best treatment in the world, even after – like China – retaliating against the United States. This week, the United States agreed to provide even better treatment to Canada, offering significant tariff reductions on steel, aluminum, autos, and lumber.”
“This is a missed opportunity for Canada to partner with the United States, which is the fastest growing economy in the G7,” he said.
As the Lord Leads, Pray with Us…
- For wisdom for President Trump and his trade team as they assess trade deficits and imbalances with foreign partners.
- For U.S. Trade Representative Greer as he engages in discussions and negotiations with foreign ministers and officials.
Sources: The White House, MSN, Newsweek, Townhall, Wall Street Journal
