When President-elect Donald Trump takes office this month, he’s vowed to begin making major changes—for better or worse—on day one. To lead the nation’s economy, Trump has chosen Cantor Fitzgerald Chairman and CEO Howard Lutnick as Secretary of Commerce and hedge fund manager Scott Bessent as Secretary of the Treasury.
In his election campaign, US President-elect Donald Trump had threatened to impose tariffs on all products coming from Canada. Trump seeks to address the issue of trade deficit with Ottawa.
Foreign Affairs Minister Melanie Joly will head to Washington next week as part of her government’s efforts to press the incoming Trump administration not to impose damaging tariffs on Canada.
Joly's office did not say exactly when she's departing or whether other ministers will accompany her, and did not name the officials she'll be meeting with in Washington.
Foreign Affairs Minister Mélanie Joly will head to Washington next week as part of her government's efforts to press the incoming Trump administration not to impose damaging tariffs on Canada.
“The story in the Washington Post, quoting so-called anonymous sources, which don’t exist, incorrectly states that my tariff policy will be pared back,” Trump said on his Truth Social social media platform. “That is wrong. The Washington Post knows it’s wrong. It’s just another example of fake news.”
The Washington Post report indicating a more status quo trade policy from the incoming Trump regime helped boost stocks of companies reliant on the global supply chain, like chipmakers ASML and Nvidia.
Donald Trump's threat of whopping tariffs on Canadian exports and his trolling of Prime Minister Justin Trudeau are key tactics in a negotiating strategy to extract the best trade terms for the U.S.,
This is the second high-level Canadian mission to Trump’s Mar-a-Lago resort in the past month, after Prime Minister Justin Trudeau met the incoming leader at the end of November.
Two Canadian Cabinet ministers left a meeting at Mar-a-Lago on Friday without assurances President-elect Donald Trump will back away from threatened tariffs on all products from the major American trading partner.
Canada's hopes that ongoing talks with the Trump administration to reduce a proposed 25% tariff on them have been dashed so far, despite another prominent meeting between the two countries.
Two senior members of the federal cabinet were in Florida Friday pushing Canada's new $1.3 billion border plan with members of Donald Trump's transition team, a day after Prime Minister Justin Trudeau himself appeared to finally push back at the president-elect over his social media posts about turning Canada into the 51st state.