Urgent.News

What's breaking now, across thousands of outlets.

Business

Kanadas Premierminister traut sich etwas: Er verweigert sich Trump

Die Zollverhandlungen zwischen den USA und Kanada sind gescheitert. Jetzt droht ein Handelskrieg, der auch Ausdruck von jahrelangen politischen Kämpfen ist. Kanada fühlt sich von Trumps Politik in seiner Souveränität bedroht.

Kanadas Premierminister traut sich etwas: Er verweigert sich Trump

Kanada's Prime Minister Mark Carney has openly challenged US President Donald Trump's trade conditions, marking a significant escalation in their bilateral trade disputes. The conflict began when Trump imposed 50% tariffs on a range of Canadian goods, affecting exports worth approximately $20 billion. In response, Carney announced countermeasures that would take effect on September 8, targeting American products like milk, steel, agricultural machinery, and paper.

Carney accused the US of attacking Canada once again, emphasizing that this was a deliberate breach of their trade relations. He firmly stated that Canada would not comply with the US demands, vowing to protect its own interests. Meanwhile, US Trade Representative Jamie Jamieson Greer blamed the Canadians for presenting new demands in the final moments, specifically requesting lower tariffs on heavy trucks.

Canada's aggressive stance is rooted in fears of becoming too dependent on the US and being permanently subjugated. Carney vowed that Canada would become stronger and reduce its dependence on the US, even as it prepares to impose its own tariffs on American goods. This comes as a stark contrast to Switzerland's approach under Trump, which involved negotiations and refrained from imposing retaliatory tariffs, despite initial threats of 31% and then 39% tariffs on Swiss goods.

Switzerland's strategy, dubbed "Goldbarren Diplomacy," focused on securing lower tariffs and promising Swiss investments in the US. However, Canada's approach risks significant economic repercussions for the country.

Written by urgent.news from NZZ Wirtschaft's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at nzz.ch →

More in Business

VCDP exit: Niger SPC urges CAF to close ranks, sustain farmers’ gains

The Niger State Programme Coordinator, SPC, of the Federal Government/International Fund for Agricultural Development, FG/IFAD, Value Chain Development Programme, VCDP, Hajiya Hadizat Isah, has urged members of the Commodity Alliance Forum, CAF, to close ranks and work together to sustain the gains recorded under the programme as it…

More from Sunday 23 August →