Canada column for Sunday, March 18/18
THE CANADIAN REPORT
(c) By Jim Fox
Prime Minister Justin Trudeau has assured steelworkers that he “has their backs” in the event of punishing tariffs threatened by U.S. President Donald Trump.
Trudeau’s assurances came during visits to steel plants in Hamilton and Sault Ste. Marie, Ontario, Quebec and Saskatchewan.
Canada and Mexico have been temporarily reprieved from worldwide tariffs of 25 percent on steel and 10 percent on aluminum as the North American Free Trade Agreement negotiations continue.
Trump, however, now admits trying to mislead Canada by insisting to Trudeau that the U.S. has a massive trade deficit with Canada.
In a fundraising speech, Trump said he “had no idea” of the numbers, adding: “I said, ‘wrong, Justin’ . . . I didn’t even know.”
Figures from the 2018 White House Economic Report signed by the President says the U.S. has a trade surplus of $2.6 billion with Canada on a balance-of-payments basis.
Canada sells about 85 percent of its steel and aluminum to the U.S. as the country’s largest foreign provider.