"We pay hundreds of billions of dollars to SUBSIDIATE Canada. Why? There's no reason. We don't request anything they have. We have unlimited energy, we should produce our own cars and we have more wood than we will always be able to use,” said Trump in the entry on his community portal fact Social. "Without this immense grant, Canada ceases to be as a country capable of surviving. Brutal, but true! Canada should so become our beloved 51st state," he added. He noted that Canada will then have “a much better military protection, lower taxes and no duties.
Although Trump did not specify what "subsidy" Canada means, according to his earlier statements, that he is looking for a deficit in trade in goods between both countries. Despite the claims of the president of the United States that it is hundreds of billions of dollars, government figures say that US imports are $55 billion more than exports to Canada.
Donald Trump “advises” Canada
In another Sunday entry about the duties imposed on Canada on Saturday, Mexico and China, the president criticised the conservative paper "The Wall Street Journal", which in an editorial comment called Trump's movement "the stupidest trade war in history". The president stated that the “globalistic” paper is leading the “customs lobby” to justify “decade-long stripping of America” and the influx of drugs and crime.
“THE DAYS ARE OVER! The US has large deficits (in trade) with Canada, Mexico and China (and almost all countries!), they are in debt for $36 trillion and we will no longer be a “stupid country”. PRODUCE YOUR PRODUCT IN THE U.S., NOT THE DUTY!” “He added.
Trump admitted that the introduction of duties may affect "certain pain", but this sacrifice will pay off in the future.
"We're going to make America large again and it's all going to be worth the price we gotta pay. We are a country that is now ruled with common sense — and the results will be spectacular!!” he assured, writing in capital letters.
Trump introduces customs
The justification for an additional 25% of customs duties on all goods from Canada and Mexico and 10% from China presented by Trump is somewhat different from what he utilized in the Saturday regulation. On Saturday, as an authoritative cause, he reported a surge of fentanyl from all 3 countries, although in the case of Canada, drug smuggling to the US is many times smaller than smuggling from Mexico. The regulation besides says that trade barriers can be lifted if countries take the appropriate steps to respond to the crisis. Trump, however, said on Friday that he was "not seeking any concessions."
So far, the president has not announced a consequence to the Mexican and Canadian retaliatory duties announced on Saturday. The regulation he issued contains a clause allowing him to further increase the duties imposed in the event of retaliation.
