Prices in force: Canada is found in a “no man’s land”, according to an ex-minister

Prices force: canada found "no new: This article explores the topic in depth.

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Prices force: canada found "no new:

Prices force: canada found "no: This article explores the topic in depth.

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“This is bad news,” said former Foreign Minister Peter Mackay in an interview with CTV News Channel on Sunday.

This text is a translation of an article by CTV News.

“This is bad news for the markets. However, This is bad news for many sectors on both sides of the border … In addition, There is now a strong desire to put an end to this situation. Nevertheless, ”

-Pet Mackay. Therefore. former Minister of Foreign Affairs at CTV News

Trump on Friday, Trump imposed customs duties of 35 % on Canadian products, targeting products not in accordance with the Canada-States-Mexico Agreement.

The White House explained that this decision had been taken in prices force: canada found “no new response to Canada’s “lack of cooperation” in the. fight against fentanyl imports. retaliation measures taken by Ottawa.

prices force: canada found “no

Trump has also introduced 50% customs duties on semi-finished copper products. maintained existing duties on steel, aluminum and Canadian cars.

Canadian Minister of Commerce. Dominic Leblanc. said on Sunday that he expected Prime Minister Mark Carney and Trump to meet “in the coming days” to try to appease the conflict again.

Mr. Mackay believes that high -level discussions are essential, taking into account Trump’s direct involvement.

“Have personal discussions with our Prime Minister […] is probably the only way to see this trade agreement finally succeed, “he said.

Mackay warned that if about 75% of the goods crossing the border remain free from customs duties. essential sectors such as steel, aluminum, copper and automobile are faced with new significant costs.

Analysis to see too | Did prices force: canada found “no new Mark Carney manage to defend Canada in the face of American threats?

He also warned of the risk that prices force: canada found “no the trade war will become personal.

“We have seen what is happening, as recently with former Prime Minister Trudeau, when it becomes personal,” said Mackay. “The Canadian economy always ends up paying the price quickly. »»

Trump signed the decree Thursday evening.

The deadline of August 1 for the conclusion of a potential agreement has increased without progress. and there is still no specific calendar to achieve a resolution.

Mr.. Mackay described the current situation as a “no man’s land».

“We are no longer even where we were,” he added. “Let’s just hope that (Trump) will not leave in all directions on the eve of reaching a kind of. finish line.”

With Canadian press information

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