Deutsche Tageszeitung - Trudeau meets Trump in Florida as tariff threats loom

Trudeau meets Trump in Florida as tariff threats loom


Trudeau meets Trump in Florida as tariff threats loom
Trudeau meets Trump in Florida as tariff threats loom / Photo: © AFP

Justin Trudeau had an "excellent conversation" with Donald Trump at the president-elect's Florida estate, Canada's prime minister said Saturday, as the United States' neighbors scramble to blunt the impact of Trump's trade threats.

Change text size:

Trudeau flew for a dinner at Mar-a-Lago on Friday, after Trump earlier this week announced plans for import tariffs against Canada and Mexico and rival China.

"It was an excellent conversation," Trudeau told reporters Saturday morning as he was leaving a hotel in West Palm Beach to catch a flight back to Canada.

Trudeau was the latest high-profile guest of Trump, whose impending second term -- which starts in January -- is already overshadowing the last few months of President Joe Biden's administration.

A photograph released by Pennsylvania Senator-elect David McCormick showed Trump and Trudeau side-by-side at table, surrounded by a dozen guests including Howard Lutnick, Donald Trump's pick for commerce secretary, and Mike Waltz, his choice for national security advisor.

In a social media post on Monday, Trump said he would slap a 25 percent tariff on Mexico and Canada, accusing the two US neighbors of allowing an "invasion" of the United States by illicit drugs, namely fentanyl, and undocumented migrants.

Mexican President Claudia Sheinbaum spoke with Trump by phone on Wednesday, though the two leaders' accounts of the conversation differed drastically.

Trump claimed that Mexico's left-wing president had "agreed to stop migration through Mexico, and into the United States, effectively closing our Southern Border."

Sheinbaum later said she had discussed US-supported anti-migration policies that have long been in place in Mexico.

She said that after that, the talks had no longer revolved around the threat of tariff hikes, downplaying the risk of a trade war.

- Billions in trade -

Biden warned that same day that Trump's tariff threats could "screw up" Washington's relationships with Ottawa and Mexico City.

"I think it's a counterproductive thing to do," Biden told reporters.

For Canada, the stakes of any new tariffs are high.

More than three-quarters of Canadian exports, or Can$592.7 billion ($423 billion), went to the United States last year, and nearly two million Canadian jobs are dependent on trade.

A Canadian government source told AFP that Canada is considering possible retaliatory tariffs against the United States.

Some analysts have suggested Trump's tariff threat may be bluster, or an opening salvo in future trade negotiations. But Trudeau rejected those views when he spoke with reporters earlier in Prince Edward Island province.

"Donald Trump, when he makes statements like that, he plans on carrying them out," Trudeau said. "There's no question about it."

(Y.Leyard--DTZ)

Featured

Fully Permitted Tanzanian Gold Project Clears Path to Construction as Financing, EPCM Fall in Place (LVGLF)

Disseminated on behalf of Lake Victoria Gold

RedHill Divests Talicia® to Apotex for $18 Million Cash Upfront Plus Milestones to Fuel Strategic Growth Opportunities

Executes a major step in RedHill’s strategic roadmap to fundamentally reposition the Company’s commercial business toward new and larger product opportunities, revenue growth and an accelerated path toward operational profitability

EdWealth Announces MoneyBench Benchmark Comparing AI Money Answers From Ed, ChatGPT and Gemini

EdWealth (edwealth.ai) today announced the publication of MoneyBench, a benchmark developed by the company to evaluate how AI systems answer personal finance questions. The benchmark compares Ed, EdWealth's AI personal finance coach, with ChatGPT and Gemini on usefulness and factual accuracy.

MEXC Data: BTC Breaks $80,000, Major-Asset Spot Trading Volume Surges 300%

MEXC, a pioneer in 0-fee digital asset trading, reports a sharp rise in Spot trading activity on the platform as BTC topped $80,000 and ETH and SOL reached near six-month highs. From August 20 to 22, the average daily Spot trading volume of BTC, ETH, SOL, and XRP increased by approximately 299% from the daily average recorded between August 1 and 17. Over the same period, the combined average daily trading volume of ETH, SOL, and XRP exceeded that of BTC. Compared with the BTC-dominated trading structure seen from August 1 to 17, activity on the platform spread noticeably across a broader range of major assets.

Change text size: