Post by @fsinn@mas.to

2026-08-23 02:53 UTC

Prime Minister Mark Carney: Why I Rejected Trump’s Trade Deal “So last evening, I instructed our negotiators to return to Ottawa. We cannot accept what they’ve offered, and we will not give what they’ve asked. Over the past year, the US has imposed a series of tariffs that violate its commitment under our agreement with them in Mexico, so-called CUSMA. The United States has continually changed the rationale for these actions, from fentanyl to taxes on US tech giants, to certification of US aircraft, to the sharing of tolls of a bridge that Canada built and paid for, to our dairy policy, to provincial decisions not to sell American alcohol during the trade war, to a television advertisement that quoted Ronald Reagan, to smoke from wildfires while they threatened our communities.” https://thewalrus.ca/mark-carney-why-i-rejected-trumps-trade-deal/ #Canada #CUSMA #USA #Trump #Tariffs #TradeWar #ElbowsUp #CanadiansUnited

Replies (1)

@fsinn@mas.to 2026-08-23 02:58

“Another prominent justification for US tariffs has been their claim that since the [US] runs a “trade deficit” with Canada, we were “ripping them off.” But the US narrow merchandise trade deficit only exists because the US buys so much of its energy from Canada. Canada fuels American growth, supplying 99 percent of their natural gas imports, 85 percent of their electricity imports, 60 percent of their crude oil imports. I don’t think they want us to stop sending any of that energy. And if you look more broadly at the comprehensive US–Canada trade balance… that shows a persistent American trade surplus. Most fundamentally, trade is about building mutual strength, creating a relationship that benefits both countries. For example, #Canada is the largest customer for US cars. In fact, we buy more American-built cars and trucks than the United Kingdom, Japan, and China combined. It’s the same for American steel products. Canada is also the largest customer for twenty-six US states…” #USA

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