Canada Accepts Trump Tariffs Despite Trade Pact, Freeland Calls It a Bad Outcome
Updated
Updated · Bloomberg · Aug 22
Canada Accepts Trump Tariffs Despite Trade Pact, Freeland Calls It a Bad Outcome
3 articles · Updated · Bloomberg · Aug 22
Summary
Chrystia Freeland said Canada is poised to accept US tariffs under a new trade deal even though the North American pact was meant to prevent them.
Trump's tariffs would still apply to steel, aluminum, cars and auto parts, though Freeland said Canada apparently would face lower rates than others.
Freeland called that acceptance a "real Rubicon" and said no previous Canadian leader had conceded the legitimacy of such tariffs despite the trade agreement.
She warned the arrangement would be a "bad outcome" for both Canada and the US, signaling a precedent that could weaken the pact's protections.