USMCA Archives - National Times

26 Jan

Canada has no plans for free trade deal with China: PM Mark Carney

Rajeev Sharma0 CommentsCanadaCanada China relations, Canada US trade, Donald Trump tariffs, Mark Carney, USMCA

Ottawa (Rajeev Sharma): Canadian Prime Minister Mark Carney on Sunday said that Canada has no intention of pursuing a free trade agreement with China, responding to US President Donald Trump’s warning of imposing 100 per cent tariffs on Canadian goods if Ottawa moved ahead with a trade deal with Beijing. Carney clarified that Canada’s recent engagement with China does not amount to a free trade agreement, but instead focuses on resolving limited tariff-related issues that arose over the past two years. He said Canada has no intention of entering into free trade agreements with China or any other non-market economy.…

Trump Downplays USMCA During Ford Plant Visit, Says US Doesn’t Need Canadian or Mexican Cars

Rajeev Sharma0 CommentsCanadaCUSMA review, Donald Trump, Ford factory Dearborn, US manufacturing, USMCA

Washington/Ottawa (Rajeev Sharma): US President Donald Trump on Tuesday dismissed the relevance of the U.S.-Mexico-Canada Agreement (USMCA) during a visit to a Ford manufacturing plant in Dearborn, Michigan, saying the United States does not need the trade pact or vehicles produced in Canada and Mexico. Speaking to reporters at the factory, Trump said the US should focus on domestic automobile production. “The problem is we don’t need their product. We don’t need cars made in Canada, we don’t need cars made in Mexico, we want to make them here,” he said. The visit to the Ford plant, where the company…

Trump Hikes Canada Tariffs to 35%, Escalating Tensions in US-Canada Trade Ties

Rajeev Sharma0 CommentsCanadaCanada trade, Mark Carney, Trump tariffs, US-Canada Relations, USMCA

Washington/Ottawa, July 11: President Donald Trump announced plans to raise tariffs on Canadian imports to 35%, further straining relations between two of North America’s closest trading partners and injecting new uncertainty into cross-border commerce.In a letter sent Thursday to Canadian Prime Minister Mark Carney, Trump said the increased tariffs, up from the 25% rate announced in February, will take effect from August 1. The move comes amid US accusations that Canada has not done enough to curb fentanyl trafficking, despite comparatively low levels of the drug’s smuggling from Canadian territory.“I must mention that the flow of Fentanyl is hardly the…