Trump Escalates Trade Dispute With Canada, Calls It Worst to Deal With
President Donald Trump escalated his trade dispute with Canada on Wednesday, declaring it was time to teach Canada you cant do this anymore and labeling the country one of the worst in the world to deal with. The comments, made during a radio interview, came just days after bilateral trade talks collapsed and both nations imposed new tariffs on each other.
Trump told conservative host Glenn Beck that he had a pretty good deal on the table, but Canada walked away. He asserted that Canada has long taken advantage of the United States, citing tariffs on American dairy products as high as 400 percent. The president said the U.S. can get by without Canadian goods, though some items might be inconvenient to source elsewhere. He also suggested renaming Lake Ontario as Lake America, following his earlier move to rename the Gulf of Mexico.
The latest round of economic hostilities began on Saturday when Trump imposed 50 percent tariffs on approximately $20 billion worth of Canadian imports after negotiations broke down. Canada responded on Tuesday with retaliatory tariffs on about $20 billion of U.S. annual imports, set to take effect on September 8. Trump also announced a 50 percent...