NAFTA Watch – Canada Vows To Retaliate If They Lose Access To Loophole Permitting Tariff-Free Trade With Foreign Countries…

Canada is vowing to retaliate against the U.S. if President Trump subjects NAFTA partners to the same tariffs as other trade nations and eliminates the NAFTA loophole. {Go Deep}

The NAFTA Loophole allows Canada and Mexico to broker independent trade deals with Asian and European companies; then use their Mexican and Canadian access to the U.S. market as a backdoor around U.S. Tariffs.

This loophole has been exceptionally rewarding for both Canada and Mexico and for more than a decade they have structured their economies around loophole retention. U.S. corporations, seeing advantages from cheap Asian parts in Mexico and Canada, have moved some manufacturing there to take advantage.  In an effort to reset the trade imbalance created by the loophole President Trump is threatening to close it.

OTTAWA (Reuters) – Canada will “respond appropriately” to any U.S. steel and aluminum tariffs, Foreign Minister Chrystia Freeland said on Wednesday, less than two days before the punitive measures are due to kick in.

“The government is absolutely prepared to – and will defend – Canadian industries and Canadian jobs. We will respond appropriately,” Freeland told reporters when asked about possible U.S. action.

Canadian government officials have said they are prepared to impose retaliatory tariffs should the Trump administration make a move but have not revealed what they have in mind.

Trump says the steel and aluminum tariffs would be imposed for security reasons, which Freeland said was “frankly absurd”. Canada has repeatedly rejected any suggestion it could be a threat to the United States.

Freeland spoke after returning from Washington, where she met U.S. Trade Representative Robert Lighthizer to discuss NAFTA. The negotiation “will take as long as it takes to get a good deal”, she said. (read more)

Foreign Minister Freeland will not allow Canada’s economic needs to be ignored:

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This entry was posted in Canada, Economy, media bias, Mexico, NAFTA, President Trump, propaganda, Trade Deal, Uncategorized, US dept of agriculture, US Treasury, USA. Bookmark the permalink.

329 Responses to NAFTA Watch – Canada Vows To Retaliate If They Lose Access To Loophole Permitting Tariff-Free Trade With Foreign Countries…

  1. Echo says:

    Justin’s huge problem is that President Trump saw him posing in fancy dress in India to do supplication to the 3rd world.
    President Trump doesn’t respect Justin.
    There’s your problem J. He doesn’t take you seriously.

    Liked by 3 people

    • Sunshine says:

      Trump despises him, I’m certain.
      Justin goes against everything Trump stands for.
      Justin is pro-Hamas, pro-Iran, pro-globalism, pro-Islam, he’s dominated by females, pro-parity and pro-diversity in everything regardless of competency issues, notwithstanding the global warming & control of the climate issues, anti-oil, anti-coal.

      Liked by 1 person

      • Madi says:

        In a nutshell, at least Justin ‘father was a well known communist, lawyer , rich because of his dad (lawyer, successful businessman ) who believe in freedom and hard work make you great in a capitalist system. PIerre Elliot Trudeau desarmed Canadians during his term in power for a cost of 10 B.
        Justin who has done nothing except to be a Trudeau (good look from his mom, charm from his dad) love to try costumes from all over the world. Obama was the emperor without clothes on but Trudeau is the emperor with to many clothing on
        🙈🙈🙈🙈🙈🙈🙈
        MAGA

        Like

  2. Francine Hutcheson says:

    The security threat is Canada’s T’s Obama style international relationships endangering us from our Northern border, and then there is the southern one…the president is dealing with national security in NAFTA deal

    Like

  3. Lars says:

    O O Canada!

    Like

  4. Justin Trudeau may be drowned in a Red Tide at the next election. Other Countries have their entire economies floating on top of their ability to take advantage of our strong Capitalism that Obama and Clinton think is so unfair to others. Tough. Go build your own Capitalism. It works.

    Like

  5. joshua says:

    well…those powerful Canadians like Dudley Dooright have us all in awe of the nation of liberal idiots to our North.

    Like

  6. Questioning says:

    “respond appropriately”

    Good, so Canada is going to finally negotiate bi-lateral trade with the USA…right?

    Right?

    Liked by 1 person

  7. Dollar Store Junky says:

    This award winning Internet publication has blown the doors off how China ships toxic junk to Burnaby, BC Canada that winds up in United States landfills after being sold at Dollar Tree stores.

    Like

  8. Rhoda R says:

    I would think that Canadian jobs would see a positive impact if their government encouraged their own industries rather than act as an obliging middle-man for foreign government/industries. Seems to me that the jobs that Trudeau is trying save are Chinese jobs.

    Like

  9. nn says:

    The US has been cheated and hammered on trade since Nafta…it is egregious that OUR elected leaders sold us out. The threats from China, the EU, and Canada and Mexico are ridiculous and hollow. We are the ones with trade deficits that approach 1 trillion a year from these so called allies…

    Like

  10. Guy-Blanc Déploré says:

    Trump says the steel and aluminum tariffs would be imposed for security reasons, which Freeland said was “frankly absurd”. Canada has repeatedly rejected any suggestion it could be a threat to the United States.

    I think Freeland really IS this stupid as to not understand the security issue, not just flacking for Canada’s position.

    Like

  11. jojo says:

    When a country elects Prime Minister rainbow socks you know they’re in deep doo doo.

    Like

  12. adam3wade says:

    Brings to mind this clip from Mystery Science Theater 3000

    Like

  13. Paul Killinger says:

    Of course Canada isn’t a “national security” threat to the US, she’s missing the point entirely (and on purpose).

    The fact is we need to be able to manufacture all types of high value metals IN the USA in case we face a serious military threat from some unknown entity in the future.

    Like

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