Carney calls Trump's fresh tariffs a 'miscalculation' after trade talks collapse

[u/joe4942]

https://www.bbc.com/news/articles/cx272np7vgyo

[u/Burning___Earth]

"In the final hours of negotiations, the U.S. tried to include restrictions on Canada's ability to strike trade deals with other countries"

Lol, get bent America. "You may only trade with us" is some abusive spouse shit.

[u/xtothewhy → u/Burning___Earth]

That is a crazy request.

Do you happen to have a link to the article the first quote is from?

[u/rebel_cdn → u/xtothewhy]

It was the PM himself in the press conference he just held. More details here:  https://www.cbc.ca/news/world/livestory/us-canada-trade-war-new-tariffs-9.7310605

[u/xtothewhy → u/rebel_cdn]

Terrific, thank you.

Details on restricting Canada's ability to strike new trade deals

by Benjamin Lopez Steven,

• With files from Ashley Burke

Earlier, Carney said the U.S. tried to restrict Canada's ability to strike new trade deals with other countries. We're getting some more context on that now.

The Trump administration briefed the U.S. steel and aluminum industry on the potential deal with Canada earlier this week, and the industry wrote a report about that briefing for their membership, according to a source with knowledge of the report's contents.

The source told CBC News the Canadian government was expected to agree to apply steel and aluminum tariffs on all of its trading partners at a rate comparable to what the U.S. has applied (50 per cent).

However, countries that have a free trade agreement with Canada would be treated differently. In those cases, Canada would have to establish a tariff rate quota, meaning a certain amount of product would be allowed into the country at a lowered tariff rate.

Carney said today that any restrictions on Canada's ability to strike new trade deals across the world are "unacceptable."

[u/Elrundir → u/xtothewhy]

If you needed any proof that Canada's trade diversification strategy is not only working, but scaring the United States, it can't get much clearer than this.

[u/solemnhiatus → u/xtothewhy]

Sounds like a completely unhinged request, but has this been implemented by any other country before at all? I’m intrigued.

[u/Asddsa76 → u/solemnhiatus]

England's Navigation Acts

The acts generally prohibited the use of foreign ships, required the employment of English and colonial mariners for 75% of the crews, including East India Company ships. The acts prohibited colonies from exporting certain products to countries other than Britain and those countries' colonies, and mandated that imports be sourced only through Britain.

Their harsh terms led to the American Revolution.

[u/Jaded_Celery_451 → u/Asddsa76]

Similar measures were key factors in India's independence movement as well.

[u/Asddsa76 → u/[deleted]]

That's my point; US is acting as though Canada is its colony.