Lu Tkew "sabotaging" US-Canada trade negotiations?
Beijing, Aug. 25 (Xinhua) -- The U.S.-Canada trade talks broke down late at night on the 21st, and the relationship...
Beijing, Aug. 25 (Xinhua) -- The U.S.-Canada trade talks broke down late at night on the 21st, and the relationship between the two sides turned sharply. Multiple media outlets in Canada and the United States disclosed on the 24th that US Commerce Secretary Howard Lutnik put forward a series of new requirements in the final stage of US-Canada trade negotiations, which led to the collapse of the two sides. This is the Department of Commerce building photographed in Washington, D.C., on April 25, 2024. Xinhua News Agency reporter Liu Jieshen Canadian Prime Minister Carney issued a statement late on the 21st, announcing the immediate suspension of trade negotiations with the United States, recalling the Canadian negotiating delegation, and issued a national television speech on the 22nd to clarify the Canadian side's position on the breakdown of Canada-US trade negotiations. US President Donald Trump on Thursday threatened to raise import tariffs on Canadian cars, auto parts and steel to 50 per cent. The Canadian "National Post" quoted sources as saying on the 24th that Lutnik demanded more concessions from Canada near the end of the negotiations, even giving the United States the right to decide which countries Canada can conduct economic and trade exchanges with, which left Canada with no choice but to withdraw. A Canadian government source described Lutnik as a “bully,” saying he lacked patience for complex tasks such as dealing with trade talks. On July 27, a photo taken from the Windsor side of Ontario, Canada, showed trucks heading to the United States via the Gordy Howe Transnational Bridge, the newspaper reported. Xinhua News Agency (Photo by Zou Yi)...
Canadian exporters should monitor for tariff adjustments or market access changes. Supply chain diversification discussions may accelerate.
The National Post of Canada, citing sources on Wednesday, reported that Lutnick was asking for more concessions from Canada near the end of negotiations, even including giving the United States the right to decide which countries Canada could engage in trade and economic relations with, leaving the Canadians with no choice but to withdraw.