By Kanishka Singh
WASHINGTON (Reuters) – In a gathering with U.S. enterprise leaders on Thursday, Prime Minister Justin Trudeau criticized President-elect Donald Trump’s proposed U.S. tariffs on Canadian merchandise, saying the transfer would have “destructive impression” on each international locations.
WHY IT’S IMPORTANT
Trump says he’ll impose 25% tariffs on all Canadian imports except Ottawa boosts border safety. On Tuesday, the president-elect floated the concept of turning Canada right into a US state.
Trudeau mentioned this week that there was not a “snowball’s likelihood in hell” that Canada would turn into a part of the USA.
KEY QUOTATIONS
“The prime minister emphasised the significance of a secure and predictable enterprise surroundings and the troubling impression that proposed U.S. tariffs on Canadian merchandise can have on Canadians and People alike,” Trudeau’s workplace mentioned late Thursday.
“He pressured that tariffs solely improve costs, discourage progress and funding and negatively have an effect on monetary markets, stressing the significance of continued free commerce and the free stream of products and companies,” the workplace added.
A tariff on items crossing the border “would have destructive impacts for each Canada and the USA,” Trudeau informed enterprise leaders, in accordance with his workplace.
The Prime Minister met with Jay Timmons, the CEO of the Nationwide Affiliation of Producers, and Joshua Bolten, the CEO of the Enterprise Roundtable, a physique that counts greater than 200 CEOs as members.
CONTEXT
Trudeau introduced Monday that he’ll step down within the coming months after 9 years in energy, bowing to strain from lawmakers involved about his Liberal Celebration’s dismal displaying in pre-election polls.
Whereas Trudeau loved good relations with Democratic President Joe Biden and former President Barack Obama, his relations have at occasions been strained with Trump, who has been vital of the Canadian chief.
(Reporting by Kanishka Singh in Washington)
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