Canada's ambassador to Washington, Kirsten Hillman, says Canada is prepared to increase its purchases from the United States, including its next submarine fleet, to appease President-elect Donald Trump's concerns about the US-Canada trade deficit.
Canada 's ambassador to Washington, Kirsten Hillman, stated on Monday that Canada is prepared to increase its purchases from the United States, including its next submarine fleet, to address President-elect Donald Trump 's concerns regarding the US- Canada trade deficit. In an interview with The Associated Press, Hillman also cautioned Americans that prices will likely rise for them almost immediately if Trump proceeds with his plan to impose tariffs on Canadian goods.
Trump has repeatedly characterized the US trade deficit with Canada, a resource-rich nation that supplies the US with commodities like oil, as a subsidy. Hillman emphasized that Canada purchases more from the United States than any other country and is willing to buy even more. \She highlighted that Canada is eager to source its needs from the US and pointed to upcoming large military procurements, such as replacing the entire submarine fleet, as potential opportunities. Hillman noted that 70% of Canada's military procurement already originates from the US, including a planned purchase of 88 F-35 fighter jets. She stated that Canada is open to exploring additional purchases from the US to narrow the trade gap. \Hillman acknowledged that the US had a $75 billion trade deficit with Canada last year but emphasized that a third of Canada's exports to the US consist of energy products. She stressed the importance of trade with Canada for the US economy, stating that it supports over 8 million jobs and that Canada is the number one customer for 36 US states. She also pointed out that Canada provides many primary materials essential for US manufacturing. Hillman warned that adding a 25% tariff to these products would immediately increase prices for Americans, especially at a time when the cost of living is already high. She argued that imposing tariffs would be counterproductive and harmful to both countries. Hillman reiterated Canada's stance that it would retaliate if tariffs were placed on Canadian goods, resulting in additional costs for Americans. She emphasized that Canada would not hesitate to defend its interests and respond forcefully to any unfair trade practices
CANADA UNITED STATES TRADE DEFICIT DONALD TRUMP KIRSTEN HILLMAN SUBMARINES TARIFFS MILITARY PROCUREMENT
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump again calls to buy Greenland after eyeing Canada and the Panama CanalFirst it was Canada, then the Panama Canal.
Read more »
Trump again calls to buy Greenland after eyeing Canada and the Panama CanalFirst it was Canada, then the Panama Canal.
Read more »
Trump again calls to buy Greenland after eyeing Canada and the Panama CanalWEST PALM BEACH, Fla. (AP) — First it was Canada, then the Panama Canal. Now, Donald Trump again wants Greenland. The president-elect is renewing
Read more »
Canada to Buy Alaska and Minnesota, Ford Jokes After Trump’s '51st State' CommentOntario Premier Doug Ford jokingly suggested Canada buy Alaska and Minnesota from the US after President-elect Trump called Canada the '51st state'. This follows Trump's threats to impose a 25% tariff on Canadian goods.
Read more »
Trump Suggests Gretzky Run for 'Governor of Canada' Amidst Rising US-Canada TensionsFormer President Donald Trump has suggested that Canadian hockey legend Wayne Gretzky should run for Prime Minister of Canada, calling the position 'governor of Canada', in a Truth Social post. This comes at a time of heightened tensions between the US and Canada, with Trump threatening a 25% tariff on Canadian goods.
Read more »
Trump Exploits Trudeau's Resignation to Push for Canadian AnnexationFollowing Justin Trudeau's resignation as Prime Minister of Canada, Donald Trump seized the opportunity to reiterate his controversial proposal to absorb Canada into the United States. Trump argued that a merger would eliminate trade deficits and bolster Canada's security against perceived threats from Russia and China. While Trump's threats have fueled political tensions, the seriousness of his annexation ambitions remains unclear. Canadian Conservative Party leader Pierre Poilievre, the frontrunner to succeed Trudeau, vehemently rejected Trump's suggestion, asserting Canada's independence.
Read more »