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Politics President Trump Complained About U.S. Trade With Canada. Here's What He Got Wrong

02:10  11 june  2018
02:10  11 june  2018 Source:   time.com

Trump Hits Back at ‘Hurt’ Trudeau Again: ‘Fair Trade is Now to Be Called Fool Trade’

  Trump Hits Back at ‘Hurt’ Trudeau Again: ‘Fair Trade is Now to Be Called Fool Trade’ President Donald Trump is in Singapore for his all-important summit with North Korean leader Kim Jong Un. He is not about to let his feud with Canadian Prime Minister Justin Trudeau die down, however.

U . S . President Donald Trump complained about Canadian trade practices while threatening a tax on international imports at the White House on Monday. In the past, he has complained about Canada ' s dairy controls and softwood lumber.

U . S . President Donald Trump , right, shown with Prime Minister Justin Trudeau at the White House last year, told a fundraiser that after Trudeau told him the U . S . does not have a trade deficit with Canada , he replied, ' Wrong , Justin, you do.'

Donald Trump, Justin Trudeau are posing for a picture: US President Donald Trump and Canadian Prime Minister Justin Trudeau hold a meeting on the sidelines of the G7 Summit in La Malbaie, Quebec, Canada, June 8, 2018. © SAUL LOEB—AFP/Getty Images US President Donald Trump and Canadian Prime Minister Justin Trudeau hold a meeting on the sidelines of the G7 Summit in La Malbaie, Quebec, Canada, June 8, 2018.

President Trump lashed out at Canadian Prime Minister Justin Trudeau and the country’s trade relationship with the U.S. Sunday accusing Canada of “charging massive Tariffs” to U.S. businesses. In a tweet sent Sunday while en route to Singapore, Trump pointed specifically to Canada’s 270% tariff on dairy the origin of his frustrations with Canada.

Trump’s stinging critique — while technically accurate — obscures the larger trade relationship between the two countries. Canada does indeed impose a 270% tariff on dairy that has kept many U.S. dairy products from making their way from the U.S. to Canada. And many other countries rely on similar measures to protect select domestic industries.

Trump says Trudeau's comments are going to cost Canada 'a lot of money'

  Trump says Trudeau's comments are going to cost Canada 'a lot of money' <p>President Donald Trump is still angry at Justin Trudeau for a perceived slight during a speech by the Canadian prime minister following the G-7 meeting.</p>Trump explained the situation Tuesday when asked about the G-7 gathering at a press conference in Singapore following his summit with North Korean leader Kim Jong Un:

Trump , who routinely inflates trade deficits, has previously complained about a trade deficit with Canada even though the US runs an overall surplus with that country — when the value of Trump said Trudeau told him there was no trade deficit. Trump said he replied, “‘ Wrong , Justin, you do.’

President Donald Trump complained yet again about "STUPID TRADE " with China. The president made fixing the trade imbalance with China a centerpiece of his presidential campaign, where he frequently used incendiary language to describe how Beijing would "rape" the U . S . economically.

But trade policy experts say Canada’s trade relationship with the U.S. is key to our domestic economy. Canada is the top U.S. export market, with the country buying more than $340 billion in American goods and services in 2017, according to data from the U.S. Trade Representative. And, overall, the U.S. has an $8.4 billion surplus with Canada. The U.S. has a significant deficit if only goods are included due to the service-sector-centered nature of the U.S. economy.

Protective measures like Canada’s dairy tariff are common around the world. The U.S. uses tariffs to protect a variety of industries from a 350% tariff on tobacco to more 160% on shelled peanuts. In other cases, such as sugar, the U.S. has crafted a complex program to protect domestic industry by limiting imports.

Trudeau on Trump tariffs: ‘I don’t know’ what he wants to accomplish

  Trudeau on Trump tariffs: ‘I don’t know’ what he wants to accomplish Canadian Prime Minister Justin Trudeau is ripping President Trump over his steel and aluminum tariffs against Canada and other trade allies, saying he does not understand what Trump is trying to accomplish. In a "Meet The Press" interview clip released Friday, Trudeau pointed to the $2 billion surplus on steel the U.S. has with Canada."The reason I don't know [what he wants] is because he's talked about the fact that h e's worried about trade surpluses, trade deficits around the world," Trudeau said. "Well they have a 2 billion surplus on steel with us.So it's not like trade is imbalanced against the U.S. favor on us.

President Donald Trump whipped Canadian lawmakers into a froth this week, accusing the country He noted in his letter to Cuomo and Walker that the US- Canada trade balance "massively favors the SEE ALSO: 'We're going to get together and we're going to call Canada ': Trump went on a huge rant

He ’ s very proud because everybody else, you know, we’re getting killed. … I said, ‘ Wrong , Justin, you do.’ I didn’t even know. I had no idea. "We do have a Trade Deficit with Canada , as we do with almost all countries (some of them massive)." Donald Trump . President .

Officially, the Trump administration used national security grounds to justify the tariffs, but Trump’s clash with Canada may have more to do with a perceived personal slight than the facts of the bilateral relationship. On Twitter, Trump complained that Trudeau had criticized U.S. trade policy — specifically U.S. tariffs on Canadian metals — after the Canadian premier had “acted so meek and mild” in their one-on-one meeting. Trump said that he withdrew the U.S. from the G-7’s joint statement because of that slight.

There were other foreign policy considerations as well. Trump advisers described Trudeau’s statements as a slight that threatened to make the U.S. look weak right as the president was leaving for a summit with North Korean dictator Kim Jong Un.

“Based on Justin’s false statements at his news conference, and the fact that Canada is charging massive Tariffs to our U.S. farmers, workers and companies, I have instructed our U.S. Reps not to endorse the Communique,” Trump wrote.

Trump talks tough on trade ahead of G-7 meetings in Canada

  Trump talks tough on trade ahead of G-7 meetings in Canada President Donald Trump is taking a tough tone on trade as he prepares to go to the G-7 meetings in Canada. On Twitter Thursday, Trump says he intends to "fight for our country on trade." He adds: "We have the worst trade deals ever made." With his new tariffs, Trump is expecting a chilly reception at the meetings of the Group of Seven industrial nations.Load Error

Trump says he insisted that the U . S . had a trade deficit with Canada , despite Trudeau telling him otherwise, the Post reports. Here ' s the Post's transcription of part of the president 's talk: "Nice guy, good-looking guy, comes in — 'Donald, we have no trade deficit.'

Donald Trump is not the first U . S . president to tangle with Canada over lumber. He ’d previously complained about the dairy issue during an appearance in Wisconsin. It has been a bad week for U . S .- Canada trade relations.

More broadly, Trump officials have repeatedly said that the U.S. has the lowest trade barriers in the world to bolster their argument for imposing tariffs on other countries. “What we have is a country here in the United States, which has the lowest tariffs in the world, lowest non-tariff barriers in the world,” said Peter Navarro, a White House trade adviser, on CNN in March.

The U.S. does maintain some of the lowest tariffs in the world — if not the lowest — with an average levy of 2.8% on all goods, according to a ranking from the World Trade Organization.

Three spots ahead on the list? Canada.

Dem sen: ‘Difficult to understand’ Trump’s treatment of allies .
Sen. Ben Cardin (D-Md.) on Monday said that it's "difficult to understand" President Trump's treatment of America's allies."The manner in which he has treated our closest allies is really difficult to understand," Cardin said on CNN's "New Day.

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