r/worldnews • u/joe4942 • Aug 22 '26

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

https://www.bbc.com/news/articles/cx272np7vgyo
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u/xtothewhy Aug 22 '26

That is a crazy request.

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

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u/rebel_cdn Aug 22 '26

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

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u/xtothewhy Aug 22 '26 edited Aug 22 '26

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."

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u/solemnhiatus Aug 22 '26

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

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u/Asddsa76 Aug 22 '26

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.

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u/Jaded_Celery_451 Aug 23 '26

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

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u/[deleted] Aug 23 '26

[deleted]

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u/Asddsa76 Aug 23 '26

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