Trump Escalates Trade War with Canada, Says Premier Ford, Amidst Economic Concerns
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“Trump is escalating a trade war with Canada for his own vanity,” Michigan’s Democratic nominee Abdul El-Sayed said on social media, adding that his Republican opponent, former Rep. Mike Rogers, is a “rubber stamp” for such policies. A third of the state’s exports go north of the border.
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National Review EconomyThe Latest Trade War Helps El-Sayed The trade war with Canada will hit Michigan particularly hard.
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The latest U.S.-Canada conflagration flared up last month when Trump said he planned to hit Canada with 50% tariffs. He complained that Canada had been unfairly restricting U.S. exports of dairy, alcoholic beverages and autos. Trump set a deadline of Aug. 19 - last Wednesday - for the two countries to reach a deal and head off the tariffs.
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NPR EconomyThe move comes after President Trump imposed 50% tariffs on many Canadian goods and threatened more after trade talks broke down on Friday. This is a developing story that will be updated.
BBC BusinessPublished President Donald Trump has threatened to hike US tariffs on automobiles originating in Canada, as the trade war between the two neighbours continues to heat up.
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The two countries exchanged about $872 billion in goods and services last year. Canadian crude imports equal nearly 20% of total U.S. petroleum consumption, according to the U.S. Energy Information Administration, part of the Department of Energy.
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BBC BusinessCanada accounts for 60% of total US crude oil imports and close to 100% of US natural gas exports, according to Canadian government data.
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The president said Canada taps into the rich American market without buying many American products in return, resulting in a trade deficit that can reach $60 billion.
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Ontario Premier Doug Ford said Wednesday he’s willing to cut off electricity exports to the U.S. if the trade war between Canadian Prime Minister Mark Carney and President Trump escalates.
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BBC BusinessMeanwhile, Ontario's outspoken premier, Doug Ford, whose province is home to Canada's auto manufacturing industry, responded to Trump's tariffs and threats by telling the US president to "kiss my ass".
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The auto sector is especially important to Ontario, the center of Canada’s vehicle manufacturing industry. Plants and suppliers in Ontario are tightly integrated with factories in Michigan and other U.S. states, with parts routinely crossing the border multiple times during production.
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Mr. Trump said the tariffs are a necessary response to trade treatment he considers discriminatory.
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The prospects for compromise looked bleak Tuesday, with Canadian Prime Minister Mark Carney reacting to new 50% U.S. tariffs on certain Canadian goods by responding in kind on about $20 billion worth of American imports, including steel, dairy products, appliances and farm equipment.
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With the breakdown threatening to harm one of the world’s largest trading relationships and clouding efforts to renew the United States-Mexico-Canada Agreement that Trump negotiated during his first term, experts cautioned that there’s still time to pull back from the brink of an even bigger trade war.
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BBC BusinessThe trade war also put into question the future of an existing North American trade pact, known as the UMSCA, that was signed by Trump in his first term with Canada and Mexico.
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Ford said he understood that late in the talks, Washington demanded veto power over trade deals Canada pursued with other countries, which would have violated Canadian sovereignty.
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Canadian officials said the U.S. made unacceptable demands and said their counter-tariffs would start Sept. 8.
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BBC BusinessCanadian officials have said that the US introduced last-minute demands that were "unacceptable", including a clause limiting which countries Canada could sign trade deals with.
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Vance asks Mainers to vote Republican — as Trump ups the trade war with Canada Vice President JD Vance's visit marked his second to Maine's 2nd Congressional District in four months.
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Washington Times BusinessVice President JD Vance visited Maine on Monday, where he praised “our very independent friend Susan Collins” and assured voters “we’re very mindful of the fact that Maine is a border state with Canada.” He said the administration is trying to make sure Maine “gets a fair deal.”
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Ford also suggested that Canada should charge the US extra for its oil and gas, as well as electricity and critical minerals, adding that he will be speaking to Carney on ways to "fight back".
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Washington Times BusinessFord said Canada should consider increasingly severe retaliation if Trump continues targeting Canadian industries, including oil and potash, while Ontario could raise electricity prices or stop sending power south.
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Ford said Trump wants to make Canada a vassal state. “He wants to bleed out every single sector and bring them down to the U.S.,” Ford said.
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BBC BusinessHis comments appeared to catch the attention of Trump, who in a Truth Social post accused Ford of "bluster" and wrote: "Someone should get these clowns to 'fall in line' or, the consequences for Canada will be far WORSE!".
10 details only one outlet reported
Independent claims that didn't surface elsewhere in our corpus. Treat as supplementary — not corroborated across outlets.
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01 Bloomberg Greer Suggests US Needs to Consider Bans on Canadian Goods The Trump administration’s top trade negotiator suggested the US ought to consider banning some Canadian goods, injecting another threat into a trade dispute between Washington and Ottawa.
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02 MarketWatch Economic Report U.S.-Canada trade war threatens to worsen inflation for both economies. Neither can afford it.
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03 CNBC President Donald Trump, in a Wednesday interview, said that the word "affordability" was "devised" by Democrats to disparage him. The Republican National Committee sent out a fundraising text attributed to Vice President JD Vance that said groceries "cost what they cost." And Sen. Darline Graham, R-S.C., who won the nomination for a full Senate term on Tuesday night, disparaged federally-run universal healthcare before recalling with nostalgia her parents heading to work even if they were sick.
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04 RealClearMarkets Canada strengthened its border, removed retaliatory tariffs, and got slapped with tariffs anyway. Global governments are learning that US commitments cannot ... Read Full Article »
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05 Financial Times ‘We got attacked’: Canadians unite in fury against Trump’s latest tariff salvo Washington’s aggressive trade stance prompts defiance from northern neighbour
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06 National Review Economy Trump’s Canada Tariffs Are Not on Mission Wasn’t this supposed to be a president elected to change our relationship with China?
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08 Washington Times Business TORONTO — U.S. President Donald Trump says his country does not need Canada. But every day, roughly 4 million barrels of Canadian crude oil flow south, helping fuel American cars, trucks and airplanes and supply U.S. industry.
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09 BBC Business It comes after US-Canada trade talks collapsed late last week, with each side accusing the other of making unreasonable last-minute demands.
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10 NPR Economy Canadian Finance Minister François-Philippe Champagne said the government's countermeasures would match U.S. tariffs "dollar for dollar, rate for rate," hitting U.S. exports including steel and appliances. Canada's tariffs will take effect Sept. 8, he said.
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