No contact with Trump since ThursdayReady to sit down when the US is ready to sit downWe are always ready to do thisThere were series of detailed very specific discussions up until the point Ontario ads ranReady to pick up on those discussions when the US isWe provide essential goods to US economy and create room for themThere is a very strong trading relationship with the USWe are not resting because the opportunities internationally are considerableWe have contingency plan if Trump doesn’t want to negotiateRegarding the Ontario ad situation: have to keep your cool in these situations, doesn’t pay to be upsetExpect to meet China’s Xi at the APEC SummitWill discuss with Xi commercial relationship and evolution of global systemHaven’t seen specifics about the additional 10% US tariffThere is tremendous value in negotiations with the USWill only agree to a deal in best interest of Canadians
As a reminder, Trump terminated negotiations with Canada last week because of an ad. The market didn’t really freak out on this as everyone got used to Trump’s “escalate to de-escalate” strategy.
Over the weekend, Trump increased tariffs on Canada by 10% over what they are paying now. The USMCA tariffs are zero but a small portion of trade not covered by that is paying anywhere from 15-50%.
This article was written by Giuseppe Dellamotta at investinglive.com.