‘No more!!!’: Trump lashes out after US-Canada talks devolve into trade war
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- Donald Trump posted that "Canada wants the benefits of being a State, without being one!!!" and accused Canada of charging US farmers massive tariffs, declaring "No more!!!" — his first public comments since Friday's negotiation breakdown.
- The US imposed 50% tariffs on $20bn (£14.6bn) worth of Canadian goods, ranging from hockey sticks to tongue depressors, effective Saturday, with Carney's matching "dollar for dollar" levies on steel, dairy, appliances, and electronics set for September 8.
- Mark Carney declared Canada was "at war" over trade, telling reporters: "You're at war when you're attacked, and we got attacked," and accused Trump of having "miscalculated" by escalating his tariff attack.
- US Trade Representative Jamieson Greer told Fox & Friends Weekend that the US acted after "a year of retaliatory measures by Canada," saying "We've said enough and so we've taken countermeasures."
- Dan Kelly, president of the Canadian Federation of Independent Business, estimated that 40% of small Canadian exporters will be directly hit, with nearly one-third expecting revenue drops of 50% or more.
- The collapse has called into question the future of USMCA, which governs roughly $2tn annually in goods and services among the US, Canada, and Mexico — Trump refused this summer to renew it after Canada and Mexico requested a 16-year extension.
Why it matters: The USMCA pact governing $2tn in annual commerce is now in jeopardy after Trump refused Canada's 16-year renewal request, while 40% of small Canadian exporters face direct tariff hits with nearly a third expecting revenue drops of 50% or more — and border-state economies are already absorbing a 21% plunge in Canadian tourism entering New York alone.
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