‘Canada without subsidies from the US cannot be as a country capable of survival, so it should become our beloved 51st state and then there will be no duties," said US president Donald Trump. He besides stated that duties may affect ‘pain’, but this is simply a price to be paid.
We're paying 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 can always use.
— declared Trump in an entry on his community portal fact Social (original spelling).
Without this immense grant, Canada ceases to be as a country capable of surviving. Brutal, but true! That's why Canada should become our beloved 51st state
“He added.
He pointed out that Canada would then be able to number on “a much better military protection, lower taxes and no duties.
Situation of Canada
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 US President's claims that it amounts to hundreds of billions of dollars, government figures say US imports are $55 billion more than exports to Canada.
Trump's position
In another entry devoted to the imposed duties on Canada, Mexico and China, the president criticised the conservative diary "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.
These days are over! The US has large (trade) deficits with Canada, Mexico and China (and almost all countries!), they are in debt for $36 trillion and we will no longer be a "fool country". PRODUCE YOUR PRODUCT IN THE U.S., NOT A 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 by writing in capital letters.
Reasons for an additional 25-percent. customs duties on all goods from Canada and Mexico and 10-proc. from China presented by Trump is somewhat different from the 1 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 announced retaliation duties of Mexico and Canada. The regulation he issued contains a clause allowing him to further increase the duties imposed in the event of retaliation.
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ace/PAP
