Trump to Tariff Mexico and Canada beginning Saturday. Mexico will implement retaliatory tariffs primarily targeting Trump Supporting States
- Thread starter RamsayBolton
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Donald Trump wants to annex Canada to gain access to its critical minerals, Trudeau says
The Prime Minister made the comments at a gathering of business and labour leaders aimed at brainstorming ways to boost Canada’s economy in the face of U.S. protectionism
www.theglobeandmail.com
Donald Trump wants to annex Canada to gain access to its critical minerals, Trudeau says
Steven ChaseSenior parliamentary reporter
Laura StoneQueen's Park Reporter
Toronto
Published 11 hours agoUpdated 2 hours ago
Open this photo in gallery:
Prime Minister Justin Trudeau addresses an economic summit of business leaders in Toronto on Feb. 7.Frank Gunn/The Canadian Press
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Prime Minister Justin Trudeau told an economic summit on Friday that he believes U.S. President Donald Trump is sincere in his desire to annex Canada and that this stems from the American leader’s interest in gaining access to this country’s critical minerals, a source said.
Mr. Trudeau made the comments to an audience of about 200 business leaders, trade experts and union executives in Toronto who have gathered to map out ways to boost economic growth and attract new capital investment in the face of the looming threat of U.S. protectionism.
Mr. Trump has repeatedly proposed to Canada in recent months that it could avoid tariffs if it agreed to a political union with the United States. He has mockingly referred to Mr. Trudeau as the governor of the 51st state.
The Prime Minister’s comments were made behind closed doors at the economic summit after media had been asked to leave the room. They were first reported by the Toronto Star. A senior government source confirmed the comments. The Globe is not identifying the source because they are not authorized to speak publicly on the matter.
The Canada-U.S. tariff war is on pause, but not over. Here are the latest updates and what they mean for your finances
Asked later about Mr. Trudeau’s interpretation of Mr. Trump’s motives, Employment Minister Steven MacKinnon said the sense he got from the summit and those assembled is that “Canada is free, Canada is sovereign and Canada will choose its own destiny, thank you very much.”
Transport Minister Anita Anand said Canadians are united in rejecting annexation. “There will be no messing with the 49th parallel,” she said, a reference to the Canada-U.S. border.
Beth Burke, CEO of the Canadian American Business Council said Americans do not take seriously Mr. Trump’s talk of taking over Canada. She said people in the United States view the President’s persistent mention of annexation as a “position of negotiation and posturing and using it as leverage in the conversation.”
She said Canada can use access to its abundant critical minerals as leverage in coming renegotiations of the United States-Mexico-Canada Agreement, which is due for renewal in 2026.
Earlier at the gathering, Mr. Trudeau had pleaded with provinces and territories to dismantle internal barriers that discourage greater east-west trade inside Canada.
Innovation Minister François-Philippe Champagne said Mr. Trump’s decision to levy steep tariffs on Canada – now delayed after a last-minute deal Monday – a “wake-up call” for the country.
The prospect of much more difficult relations with the United States must drive Canada to find other means of attracting business investment, of generating economic growth and diversifying trade beyond American customers, he said.
Mr. Trudeau said a good start would be looking at interprovincial trade barriers put in place by provincial governments that make it easier for Canadians to trade with the United States rather than other provinces and territories.
“It’s about time we had genuine free trade within Canada,” Mr. Trudeau told the summit.
Trump tariffs are inspiring Canada to tackle trade war from within
He said many of these barriers, which hinder the movement of goods and workers within the country, make no sense. The Prime Minister cited recognizing teaching certifications and tire requirements for trucks as two examples. This will make it easier for Canadians to do business “across Canada, east-west and not just north-south.”
A 2019 paper published by the International Monetary Fund found that Canada’s internal trade barriers – excluding those related to geography, such as challenges with transporting goods across a country this large – were equivalent to an average tariff of 21 per cent in 2015. The study found that lifting all internal barriers would result in 4-per-cent growth in Canada’s real gross domestic product per capita.
Mr. Champagne said the most important task right now for Canada is restoring business confidence.
Open this photo in gallery:
People gather before Prime Minister Justin Trudeau meets with business and labour leaders to discuss investment, trade and international markets amid the looming threat of U.S. protectionism in Toronto, on Feb. 7.Carlos Osorio/Reuters
This meeting of business and labour leaders at Toronto’s Evergreen Brick Works takes place just days after a potential shock to the Canadian economy was averted – one that threatened to shutter businesses and cost jobs. On Feb. 4, Mr. Trump held off imposing steep tariffs on Canadian imports – a potentially devastating shock that drew fresh attention to Canada’s reliance on the U.S. market. More than 75 per cent of this country’s merchandise exports go to the United States.
Mr. Champagne said the Trump tariff threat must force Canada to act quickly to safeguard its economic fortunes and standard of living.
“The rules have changed, and so Canadians understand that we need to bring our resources to market. We need to diversify our economy. This is our moment as Canada,” Mr. Champagne said. “We make sure that we build what needs to be done here in this country to succeed and to prosper.”
Tariff threats already affecting Canada’s economy, BoC’s Macklem says
Rising U.S. protectionism is damaging business investment in Canada, business leaders say.
One of Mr. Trump’s goals in threatening tariffs on allies, Canadian officials have repeatedly said, is to force investors to relocate manufacturing to the United States – at the expense of America’s trading partners. In addition, Mr. Trump has vowed to cut taxes and regulations, measures that could make the U.S. a more attractive market for businesses.
Other protectionist threats from the Republican White House include talk of more tariffs on steel, aluminum and copper. And by April 1, U.S. government departments and agencies are supposed to report to the White House on the country’s trade deficits with major trading partners and recommend measures to rebalance.
On Monday, Mr. Trump delayed tariffs of 10 per cent on Canadian energy and critical minerals and 25 per cent on the rest of Canadian goods for 30 days after Ottawa agreed to more measures to fight organized crime and the illegal production and distribution of fentanyl.
Progressive Conservative Leader Doug Ford, who is currently campaigning for re-election as Ontario Premier, criticized the federal economic summit as a waste of time on Friday and urged Ottawa to tighten up the border to stop the flow of drugs on both sides. He suggested former chief of the defence staff Rick Hillier as an option for border czar. His office later clarified that Mr. Ford meant fentanyl czar, a position Mr. Trudeau announced Feb. 4 would soon be created.
“A message to the federal government: enough’s enough. I don’t need to be in a room looking at the people I’ve talked to a thousand times and coming up with this idea. You know what the Trump administration wants? They’ve been very very clear. They’ve been clear to me, they’ve been clear to everywhere in North America. They need to tighten up the border,” Mr. Ford said at a campaign stop in Scarborough.
U.S. Travel Association Warns of Economic Tourism Disaster After Thousands of Canadian Tourists Cancel Trips in Protest
While Proposed Tariffs Against Canada Are Now Paused, Canadian Travel Agencies Already Witnessing Retaliation in Form of Canceled Trips
www.thetravel.com
U.S. Travel Association Warns of Economic Tourism Disaster After Thousands of Canadian Tourists Cancel Trips in Protest
By Margherita Marullo
Published 6 days ago
Canadian travelers decided to fight back against an announcement made by the 47th President of the United States on Saturday to impose a 25% tariff on most imported goods from their country, by canceling their vacation trips to the United States in protest.
The travel boycott, in addition to other boycotts raised by Canadians frustrated with the executive order that not only imposes tariffs on Canadian goods but also goods from Mexico and China, is meant to hurt the United States where it counts the most: their tourism economy.
The U.S. Travel Association has warned that the U.S. government’s move to impose steep tariffs against neighboring countries will lead to an economic tourism disaster for the United States after thousands of Canadian travelers canceled their trips immediately following the President’s announcement.
While Proposed Tariffs Against Canada Are Now Paused, Canadian Travel Agencies Already Witnessing Retaliation in Form of Canceled Trips
On Saturday night, shortly after 9 p.m., Canadian Prime Minister, Justin Trudeau, spoke directly to Americans, then to Canadian citizens in response to the proposed tariffs against Canada and what it would mean for the economy of both countries should the executive order stay in place, advising Canadians to have ‘staycations’ in Canada, and buy local goods rather than U.S. imports.
“Now is the time to choose Canada...It might mean changing your summer vacation plans to stay here in Canada and explore the many national and provincial parks, historical sites, and tourist destinations our great country has to offer,” Trudeau told Canadians during a televised speech broadcast throughout the country.
On Monday, that executive order was announced as being placed on ‘pause’ for 30 days while both the U.S. and Canadian governments work toward a resolution.
However, Canadian travel agencies were the first to witness retaliation from Canadian travelers in the form of canceled vacation trips to the United States. According to Canada’s largest travel agency, Flight Centre, they had witnessed ‘a surge of customers’ canceling their trips to the U.S., and rebooking them to other countries immediately following the announcement.
“Cancelations included bucket-list and milestone experiences valued at over $10,000 CAD,” said a Flight Centre spokesperson.
Canadian Travelers Make up a Good Majority of Foreign Tourists Vacationing in the U.S.
According to state tourism organizations in the states of Florida and Texas, a good majority of foreign tourists who vacation in the United States, particularly in the Sunshine State and Texas, are Canadian travelers, prompting concerns that the proposed tariffs would put a stop to Canadians visiting the U.S. permanently, and decimate the tourism industry.
Should that happen, the economic impact on the travel industry across the country would witness billions of dollars in revenue loss.
“$20.5 billion. That’s how much 20.4 million Canadian visitors—the most from any single country—spent in the U.S. last year,” according to the National Travel and Tourism Office.
State tourism organizations such as Visit Florida have indicated that 38% of international tourists traveling to the Sunshine State are Canadians. While in Texas, Canadians spent a total of $403.3 million in 2023, and “is the second-largest international visitor market” for the state.
The imposed tariffs would also have a negative effect on the United States tourism industry in the form of job losses for individuals and businesses in the hospitality and travel sectors.
According to USTA projections, “A 10% reduction in Canadian inbound travel could translate to 2 million fewer visits, which would mean $2.1 billion in lost spending and 140,000 jobs jeopardized in the hospitality and related sectors.”
Peter Gleick (@petergleick@fediscience.org)
Trump's tariffs on steel will raise the price of a car in the US by an average of $2000. https://www.barrons.com/articles/trump-steel-tariffs-car-prices-707e1af4
fediscience.org
1/12
@petergleick@fediscience.org
Trump's tariffs on steel will raise the price of a car in the US by an average of $2000.https://www.barrons.com/articles/trump-steel-tariffs-car-prices-707e1af4
2/12
@tsturm@famichiki.jp
@petergleick But surely, the price of eggs will go down!
3/12
@Iragersh@mstdn.social
@petergleick DJT Welcome to @TheWarOnCars .
4/12
@kkarhan@infosec.space
@petergleick good!
5/12
@Smart_e_Disharmony@mastodon.social
@petergleick good thing we don't actually like ever have to build another car and really should effing stop that anyway
6/12
@mwt@mastodon.nz
@petergleick that's one way to get more people on bikes....
7/12
@RedRobyn@mastodon.nz
@mwtCan't sleep in a bike @petergleick
8/12
@RulesBuster@nerdculture.de
@petergleick and eggs are still not cheaper than under Biden - bummer
9/12
@Thad@brontosin.space
@petergleick It must sting to see such criticism from Barron's after he named his son AND his fake publicist after them.
10/12
@ayilathebailey@blahaj.zone
@petergleick@fediscience.org we told people this would happen
11/12
@Npars01@mstdn.social
@petergleick Yet another way Republican billionaires are encouraging bicycle travel & public transit./sarcasm In reality, Trump is preparing for world war, just like Smoot-Hawley triggered the run-up to Pearl Harbor.Tariffs -> trade war -> global recession -> expansionist empire building -> world warhttps://www.cnbc.com/2025/02/05/how-smoot-hawley-tariff-sparked-the-mother-of-all-trade-wars.html] How Trump's threatened tariffs echo a failed American trade policy of the 1930s
12/12
@beandev@social.tchncs.de
@petergleickGood.
To post posts in this format, more info here: https://www.thecoli.com/threads/tips-and-tricks-for-posting-the-coli-megathread.984734/post-52211196
@petergleick@fediscience.org
Trump's tariffs on steel will raise the price of a car in the US by an average of $2000.https://www.barrons.com/articles/trump-steel-tariffs-car-prices-707e1af4
2/12
@tsturm@famichiki.jp
@petergleick But surely, the price of eggs will go down!
3/12
@Iragersh@mstdn.social
@petergleick DJT Welcome to @TheWarOnCars .
4/12
@kkarhan@infosec.space
@petergleick good!
5/12
@Smart_e_Disharmony@mastodon.social
@petergleick good thing we don't actually like ever have to build another car and really should effing stop that anyway
6/12
@mwt@mastodon.nz
@petergleick that's one way to get more people on bikes....
7/12
@RedRobyn@mastodon.nz
@mwtCan't sleep in a bike @petergleick
8/12
@RulesBuster@nerdculture.de
@petergleick and eggs are still not cheaper than under Biden - bummer
9/12
@Thad@brontosin.space
@petergleick It must sting to see such criticism from Barron's after he named his son AND his fake publicist after them.
10/12
@ayilathebailey@blahaj.zone
@petergleick@fediscience.org we told people this would happen
11/12
@Npars01@mstdn.social
@petergleick Yet another way Republican billionaires are encouraging bicycle travel & public transit./sarcasm In reality, Trump is preparing for world war, just like Smoot-Hawley triggered the run-up to Pearl Harbor.Tariffs -> trade war -> global recession -> expansionist empire building -> world warhttps://www.cnbc.com/2025/02/05/how-smoot-hawley-tariff-sparked-the-mother-of-all-trade-wars.html] How Trump's threatened tariffs echo a failed American trade policy of the 1930s
12/12
@beandev@social.tchncs.de
@petergleickGood.
To post posts in this format, more info here: https://www.thecoli.com/threads/tips-and-tricks-for-posting-the-coli-megathread.984734/post-52211196
Toe Jay Simpson
Searchin’
Who starts a fight with Canada?
1/31
@ArtCandee
Donald Trump is now backpedaling on tariffs with Mexico exempting them on goods that fall within the USMCA Agreement (that he negotiated in his first term).
This guy is utterly inept.
2/31
@TheAnaBraga
He has no idea what he’s talking about
3/31
@ArtCandee
He’s senile.
4/31
@Lisaand2024Lisa
Probably cause President Claudia dog walked his ass again!
5/31
@ArtCandee
Exactly.
6/31
@DjOmegaMVP
He is 100 fukking thousand percent pumping the stock market here. When he makes these tariff announcements, they are timed perfectly with the dow opening.
They are absolutely guaranteed insider trading with these policy changes, and if you looked at some of the stock portfolios of his family members and associates I’m sure you could confirm that.
7/31
@ArtCandee
8/31
@JKLund_Official
So...he lost
9/31
@ArtCandee
Yep.
10/31
@sycamoressource
Aka Mexico’s president just rolled his ass
11/31
@ArtCandee
12/31
@MakersMark07
He is clueless! His low IQ of 73 is showing!
13/31
@ArtCandee
For sure.
14/31
@Wordsmiter
No. If you were following the story more closely, he actually commented on considering a delay until after April 1st (April Fool’s Day). Clearly, that is what he has now decided.
Deals require negotiation.
It’s a process.
Try
tokeepup
15/31
@bama_boomer65
your playing word games.
16/31
@SSebrinaD
His new TV show is "Tariffs for a Day".
17/31
@susantweetsNY
Can’t find anything about Trump or Republicans doing anything to stop fentanyl from coming into the US…hmmm.
18/31
@SectionEight
Trump just backpedaled on tariffs like he heard a belt unbuckling.
The same USMCA agreement HE negotiated? The one he bragged about like it was the second coming of Christ? Now he’s making “accommodations” like he didn’t just get politically dog-walked by Mexico’s president.
First, it was “Mexico will pay for everything!” Now it’s “Actually, we’re just gonna let this slide.”
Big tough trade warrior? bytch, you just folded faster than a cheap lawn chair in a hurricane.
MAGA will twist themselves into pretzels trying to call this a win, but their king just got handed another international L.
At this point, Claudia Sheinbaum should send him a “Thank You” basket for making negotiations this easy.
19/31
@HigginsResist
He also called the usmca deal the best trade deal ever made in history. His deal.
20/31
@PredictionNews_
oh snap
21/31
@LinosVersion
Bravo for Mexico.
Canada should sue, sue, sue....
22/31
@BinkyBaxter1
Three purposes behind these tariff games:
Stock and Crypto market manipulation
Ego flexing
Distraction from the betrayal of Ukraine
23/31
@CarolRenza
No, he knows exactly what he is doing.
24/31
@CalltoCitizenry
If tariffs add revenue and are effective why do we need exceptions ?
25/31
@1776mindful
80% of the drug related arrests made at the Mexico border were Americans trying to bring drugs into the states.
https://video.twimg.com/ext_tw_video/1897709387864530944/pu/vid/avc1/720x1280/tJmQo2-ruMHP1WxA.mp4
26/31
@heather_wynalda
What you don’t get is negotiation.
You always ask for more than you expect so you can meet in the middle. That is what is happening. And it’s working.
But keep spewing stupidity. It’s amusing.
27/31
@tedperl
Inept and dangerous.
28/31
@golfislife58
Trump imposes tariffs, you talk shyt. He lifts tariffs, you talk shyt. You are just not a serious person. Criticizing an administration and President is one thing, but you literally root for America to fail. It’s quite pathetic.
29/31
@realAlex_Doge
Delusional liberal old boomer
The urn yearns for you
30/31
@TheMarharaja
Great Post! He dont know WTF he is doing, He thinks this is Marry Logo and things are as simple as "get me a @DietCoke and Pile those Top Secrets in the Bathroom'!
We dont need names FOLKS KNOW WTF THE BORN RICH SOFT CANDY ASSES ARE! lol WAKETFUP USA!
31/31
@Suzenella
It's nothing but the great "whatever"! Or, as the French say: "n'importe quoi."
Imagine America, the leader of everything modern, showing its ineptitude to keep up with the nations the present president, VP, administration, Rep. Congress and MAGAs denigrate hourly! Shameful!
To post tweets in this format, more info here: https://www.thecoli.com/threads/tips-and-tricks-for-posting-the-coli-megathread.984734/post-52211196
@ArtCandee
Donald Trump is now backpedaling on tariffs with Mexico exempting them on goods that fall within the USMCA Agreement (that he negotiated in his first term).
This guy is utterly inept.
2/31
@TheAnaBraga
He has no idea what he’s talking about
3/31
@ArtCandee
He’s senile.
4/31
@Lisaand2024Lisa
Probably cause President Claudia dog walked his ass again!
5/31
@ArtCandee
Exactly.
6/31
@DjOmegaMVP
He is 100 fukking thousand percent pumping the stock market here. When he makes these tariff announcements, they are timed perfectly with the dow opening.
They are absolutely guaranteed insider trading with these policy changes, and if you looked at some of the stock portfolios of his family members and associates I’m sure you could confirm that.
7/31
@ArtCandee
8/31
@JKLund_Official
So...he lost
9/31
@ArtCandee
Yep.
10/31
@sycamoressource
Aka Mexico’s president just rolled his ass
11/31
@ArtCandee
12/31
@MakersMark07
He is clueless! His low IQ of 73 is showing!
13/31
@ArtCandee
For sure.
14/31
@Wordsmiter
No. If you were following the story more closely, he actually commented on considering a delay until after April 1st (April Fool’s Day). Clearly, that is what he has now decided.
Deals require negotiation.
It’s a process.
Try
tokeepup15/31
@bama_boomer65
your playing word games.
16/31
@SSebrinaD
His new TV show is "Tariffs for a Day".
17/31
@susantweetsNY
Can’t find anything about Trump or Republicans doing anything to stop fentanyl from coming into the US…hmmm.
18/31
@SectionEight
Trump just backpedaled on tariffs like he heard a belt unbuckling.
The same USMCA agreement HE negotiated? The one he bragged about like it was the second coming of Christ? Now he’s making “accommodations” like he didn’t just get politically dog-walked by Mexico’s president.
First, it was “Mexico will pay for everything!” Now it’s “Actually, we’re just gonna let this slide.”
Big tough trade warrior? bytch, you just folded faster than a cheap lawn chair in a hurricane.
MAGA will twist themselves into pretzels trying to call this a win, but their king just got handed another international L.
At this point, Claudia Sheinbaum should send him a “Thank You” basket for making negotiations this easy.
19/31
@HigginsResist
He also called the usmca deal the best trade deal ever made in history. His deal.
20/31
@PredictionNews_
oh snap
21/31
@LinosVersion
Bravo for Mexico.
Canada should sue, sue, sue....
22/31
@BinkyBaxter1
Three purposes behind these tariff games:
Stock and Crypto market manipulation
Ego flexing
Distraction from the betrayal of Ukraine
23/31
@CarolRenza
No, he knows exactly what he is doing.
24/31
@CalltoCitizenry
If tariffs add revenue and are effective why do we need exceptions ?
25/31
@1776mindful
80% of the drug related arrests made at the Mexico border were Americans trying to bring drugs into the states.
https://video.twimg.com/ext_tw_video/1897709387864530944/pu/vid/avc1/720x1280/tJmQo2-ruMHP1WxA.mp4
26/31
@heather_wynalda
What you don’t get is negotiation.
You always ask for more than you expect so you can meet in the middle. That is what is happening. And it’s working.
But keep spewing stupidity. It’s amusing.
27/31
@tedperl
Inept and dangerous.
28/31
@golfislife58
Trump imposes tariffs, you talk shyt. He lifts tariffs, you talk shyt. You are just not a serious person. Criticizing an administration and President is one thing, but you literally root for America to fail. It’s quite pathetic.
29/31
@realAlex_Doge
Delusional liberal old boomer
The urn yearns for you
30/31
@TheMarharaja
Great Post! He dont know WTF he is doing, He thinks this is Marry Logo and things are as simple as "get me a @DietCoke and Pile those Top Secrets in the Bathroom'!
We dont need names FOLKS KNOW WTF THE BORN RICH SOFT CANDY ASSES ARE! lol WAKETFUP USA!
31/31
@Suzenella
It's nothing but the great "whatever"! Or, as the French say: "n'importe quoi."
Imagine America, the leader of everything modern, showing its ineptitude to keep up with the nations the present president, VP, administration, Rep. Congress and MAGAs denigrate hourly! Shameful!
To post tweets in this format, more info here: https://www.thecoli.com/threads/tips-and-tricks-for-posting-the-coli-megathread.984734/post-52211196
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