Latest news with #NorthAmeri
The Hindu
06-05-2025
- Business
- The Hindu
Carney meets Trump, stresses Canada will never be for sale
U.S. President Donald Trump began his first talks with Canadian Prime Minister Mark Carney on Tuesday (May 6, 2025) and vowed to bring up "tough points" that are dividing the two countries since Mr. Trump imposed tariffs. Their meeting started with smiles and a handshake despite Trump's desire to make Canada the 51st U.S. state, a prospect that has chilled bilateral relations. The subject quickly came up as they took questions from reporters. "We're not going to be discussing that unless somebody wants to discuss it," Mr. Trump said. "It would really be a wonderful marriage." Mr. Carney put down the idea firmly. "It's not for sale, it won't be for sale - ever," he told Mr. Trump in the Oval Office. "Never say never, never say never," Mr. Trump said. Mr. Trump, whose tariff policy has rattled world markets, said he and Mr. Carney would discuss "tough points," an allusion to the president's belief that the United States can do without Canadian products. "Regardless of anything, we're going to be friends with Canada," he said. Carney's Liberal Party won the April 28 election on promises to tackle Trump and create a new bilateral economic and security relationship with the United States. Shortly before Mr. Carney arrived, Mr. Trump posted a message on social media. "I very much want to work with him, but cannot understand one simple TRUTH — Why is America subsidizing Canada by $200 Billion Dollars a year, in addition to giving them FREE Military Protection, and many other things? We don't need their Cars, we don't need their Energy, we don't need their Lumber, we don't need ANYTHING they have, other than their friendship, which hopefully we will always maintain. They, on the other hand, need EVERYTHING from us!" Mr. Trump appeared to be referring to the trade deficit the U.S. has with Canada due mostly to American imports of Canadian oil, although Canada's merchandise trade surplus was C$102.3 billion ($74.25 billion) in 2024. Mr. Carney, a 60-year-old ex-central banker with no previous political experience, was elected Liberal leader in March to replace Justin Trudeau, who had a poor relationship with Trump. Canada is the U.S.' second-largest individual trading partner after Mexico, and the largest export market for U.S. goods. More than $760 billion in goods flowed between the two countries last year. U.S.-Canada trade Ahead of the meeting, the U.S. Commerce Department reported on Tuesday Canada's goods trade surplus with the U.S. narrowed to a five-month low in March, the month when Trump's hefty tariffs on imported steel and aluminum took effect. Canadian exports to the U.S. plunged by $3.7 billion, the second-largest drop on record. Canadian data showed the drop in U.S. exports was almost compensated by an increase to the rest of the world, as Canadian companies sought new markets. Mr. Trump in March imposed a 25% tariff on all steel and aluminum imports and then slapped another 25% tariff on cars and parts that did not comply with a North American free trade agreement. On Sunday, Mr. Trump said he would put a 100% tariff on all movies produced outside the U.S., without giving details, in a potential blow to Canada's film industry.
Yahoo
30-04-2025
- Automotive
- Yahoo
Trump promises influx of auto jobs to Michigan while celebrating first 100 days in Macomb County
President Donald Trump speaks at a rally to celebrate his first 100 days in office at Macomb Community College on April 29, 2025. | Photo by Kyle Davidson Returning to Warren for the first time since the 2024 campaign season, President Donald Trump rallied his supporters at Macomb Community College in celebration of his first 100 days in office, recapping his administration's efforts on immigration, energy and manufacturing. Taking the stage Tuesday evening, Trump wasted no time in continuing to push his disproven claim that the 2020 election had been stolen, telling the audience he'd actually won the state three times while recounting his past victories in Michigan despite losing the state to former President Joe Biden in 2020 by more than 154,000 votes. Although several banners hung throughout the university's sports and expo center, reflecting Trump's campaign promises to bring back American jobs and usher in a 'golden age' of American manufacturing, the President spent much of his speech talking about his administration's efforts on immigration, criticizing his political opponents and recapping his work on other campaign promises. However Trump told attendees to expect a surge in auto jobs, crediting his tax and tariff policies, though auto industry advocates have expressed concern about the policies. In February, Ford CEO Jim Farley warned that Trump's 25% tariff on goods imported from neighboring Mexico and Canada threatened to 'blow a hole' in the U.S. auto industry, according to a report from Reuters. Sandy Baruah, president and CEO of the Detroit Regional Chamber of Commerce has also warned that the president's tariffs would significantly harm Detroit-area businesses with 234,000 jobs in the region relying on trade and investment with Canada. However, the President pointed to a recent executive order he'd signed offering automakers credits for up to 15% the value of vehicles assembled in the United States to offset the value of imported parts, saying the effort would help automakers bring factories back to the U.S. as quickly as possible. Glenn Stevens Jr., executive director of the auto industry advocacy group MichAuto, applauded the decision alongside another order making changes to how the levies would be enforced to prevent multiple tariffs from being charged on foreign-made vehicles. 'As MichAuto has advocated since these tariffs were first announced and communicated in our March 31 letter to the Trump administration, the automotive and mobility industry needs clear lines of sight on costs and reliable supply chains to remain globally competitive. Relief from these stacked duties would offer some of that much-needed clarity and help preserve the industry's global competitiveness at a time of critical transition and investment,' Stevens said in a statement. 'MichAuto continues to believe that an ideal outcome is an accelerated renegotiation of the [United States-Mexico-Canada Agreement] to further position America and our North American strategic partners as strong competitors to China and its violations of intellectual property, over-capacity, and unfair trade practices,' he said. Ahead of the rally, Trump touched down at Selfridge Air National Guard Base in Harrison Twp., where he announced a new fighter mission of 21 F-15EX fighter jets to base at Selfridge. Michigan Gov. Gretchen Whitmer called it a 'huge bipartisan win for Michigan, decades in the making.' Trump, with Whitmer at his side, announces new fighter wing for Michigan's Selfridge air base 'Since day one, I've been laser-focused on securing a new fighter mission at Selfridge and supporting the brave service members who step up for our communities every day,' Whitmer said in a statement. 'I appreciate the President's partnership on this new fighter mission that will protect jobs and show the world that Michigan is the best place to pioneer the next innovations in national defense.' Trump's visit also follows the introduction of seven articles of impeachment from U.S. Rep. Shri Thanedar (D-Detroit) who told the Michigan Advance Tuesday he wanted to introduce the resolution a day before the President comes to Michigan and '[Tells] us more lies about his 100 days of accomplishments.' Thanedar's office also unveiled four billboards in the Metro Detroit area calling for Trump's impeachment ahead of the visit. 'I had the television way down and I said to our great First Lady, 'Listen, did I just hear is being impeached again?' We're getting good at this though,' said Trump, after mistakenly stating that Rep. John James (R-Shelby Twp.) was the one who brought the articles. Trump was impeached twice during his first administration, but was not convicted by the Senate in either case. 'They've gone totally crazy, these people. And you know what? They've totally lost their confidence. They can't even tell a lunatic like this dumb guy that said it. And then you have the other one that's always with the cane. He's always impeaching,' Trump said, referring to U.S. Rep. Al Green (D-Texas), who in February announced he would bring articles of impeachment against the president. SUBSCRIBE: GET THE MORNING HEADLINES DELIVERED TO YOUR INBOX
