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View Full Version : Trump calls out 'Fool Trade' after G7, says Trudeau acted 'hurt'



Teh One Who Knocks
06-11-2018, 10:37 AM
By Samuel Chamberlain | Fox News


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President Trump fired off a series of tweets early Monday criticizing Canada and its prime minister over trade policy, saying that "Fair Trade is now to be called Fool Trade if it is not Reciprocal."

"According to a Canada release, they make almost 100 Billion Dollars in Trade with U.S. (guess they were bragging and got caught!). Minimum is 17B. Tax Dairy from us at 270%. Then [Canadian Prime Minister] Justin [Trudeau] acts hurt when called out!" Trump added.
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He continued, "Sorry, we cannot let our friends, or enemies, take advantage of us on Trade anymore. We must put the American worker first!"

The president sent the messages from Singapore approximately 24 hours before his scheduled summit meeting with North Korean leader Kim Jong Un. Trump arrived in Singapore directly from a contentions G7 summit in Quebec, where he roiled his allies by first agreeing to a group statement on trade only to withdraw from it while complaining that he had been blindsided by Trudeau's criticism of Trump's tariff threats at a summit-ending news conference.

The attack on a longtime ally and its leader drew sharp criticism. German Chancellor Angela Merkel, who also attended the summit, told German public television that she found Trump's tweet disavowing the G7 statement "sobering" and "a little depressing."Merkel also said the European Union would "act" against the U.S. trade measures.
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Undeterred, Trump continued to tweet Monday: "Why should I, as President of the United States, allow countries to continue to make Massive Trade Surpluses, as they have for decades, while our Farmers, Workers & Taxpayers have such a big and unfair price to pay? Not fair to the PEOPLE of America! $800 Billion Trade Deficit...And add to that the fact that the U.S. pays close to the entire cost of NATO-protecting many of these same countries that rip us off on Trade (they pay only a fraction of the cost-and laugh!). The European Union had a $151 Billion Surplus-should pay much more for Military!"
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Then, Trump turned his sights on Merkel's government: ....Germany pays 1% (slowly) of GDP towards NATO, while we pay 4% of a MUCH larger GDP. Does anybody believe that makes sense? We protect Europe (which is good) at great financial loss, and then get unfairly clobbered on Trade. Change is coming!"
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Earlier, the White House escalated the initial tirade and leveled more withering and unprecedented criticism against Trudeau, branding him a backstabber unworthy of Trump's time.

"There's a special place in hell for any foreign leader that engages in bad faith diplomacy with President Donald J. Trump and then tries to stab him in the back on the way out the door," Trump trade adviser Peter Navarro told "Fox News Sunday."

Canada's foreign minister, Chrystia Freeland, said her country "does not conduct its diplomacy through ad hominem attacks."

Trudeau, who had said at the news conference that Canada would retaliate for new U.S. tariffs, didn't respond to questions about Trump when the prime minister arrived at a Quebec City hotel Sunday for meetings with other world leaders. Freeland later told reporters that "we don't think that's a useful or productive way to do business."

A Trudeau spokesman, Cameron Ahmad, said Saturday night that Trudeau "said nothing he hasn't said before -- both in public and in private conversations" with Trump.

And, Roland Paris, a former foreign policy adviser to Trudeau, jabbed at Trump on Twitter: "Big tough guy once he's back on his airplane. Can't do it in person. ... He's a pathetic little man-child."

Trudeau said he had reiterated to Trump, who left the G7 meeting before it ended, that tariffs would harm industries and workers on both sides of the U.S.-Canada border. Trudeau told reporters that imposing retaliatory measures "is not something I relish doing" but that he wouldn't hesitate to do so because "I will always protect Canadian workers and Canadian interests."

Navarro said his harsh assessment of what "bad faith" Trudeau did with "that stunt press conference" on Saturday "comes right from Air Force One."

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He said Trump "did the courtesy to Justin Trudeau to travel up to Quebec for that summit. He had other things, bigger things, on his plate in Singapore ... He did him a favor and he was even willing to sign that socialist communique. And what did Trudeau do as soon as the plane took off from Canadian airspace? Trudeau stuck our president in the back. That will not stand."

But the criticism left former Canadian prime minister Stephen Harper stumped. "I don't understand the obsession with trade relations with Canada," he told Fox Business Network's "Sunday Morning Futures." "We're the closest partners in the world and you don't want to see a dispute over one particular issue poison everything."

Trudeau had said Saturday that Canadians "are polite, we're reasonable, but also we will not be pushed around." He described all seven leaders coming together to sign the joint declaration despite having "some strong, firm conversations on trade, and specifically on American tariffs."

PorkChopSandwiches
06-11-2018, 03:24 PM
Get er down Trumpy

Teh One Who Knocks
06-11-2018, 03:33 PM
How does the US have a $100 billion trade deficit with Canada? :huh:

Godfather
06-11-2018, 06:57 PM
http://www.politifact.com/truth-o-meter/statements/2018/mar/15/donald-trump/donald-trumps-misleading-tweet-trade-canada-rest-w/

Muddy
06-11-2018, 07:06 PM
Work it out, fellas...

Godfather
06-12-2018, 03:09 AM
Does the United States have a trade deficit with Canada?

Trump seems to be referring to a deficit in goods, which tells only part of the picture. (The White House did not respond to an inquiry.)

In 2017, the United States had a $23.2 billion deficit with Canada in goods. In other words, the United States in 2017 bought more goods from the Canada than Canada bought from the United States.

However, the United States had a $25.9 billion surplus with Canada in services — and that was enough to overcome that deficit and turn the overall balance of trade into a $2.8 billion surplus for the United States in 2017. The same pattern occurred in 2016.

Those unhappy with current trends in trade, such as Trump, tend to highlight the balance of trade in goods, since that subset of trade is the one that shows just how much manufacturing activity the United States has lost to foreign countries in recent years. By contrast, the United States has fared much better in services, which includes finance, insurance, legal services, business consulting and entertainment.

"Over the past 30 years, we have lost jobs in manufacturing, which produces goods, but gained a large number of very good jobs in service sectors and intellectual property," Matt Gold, an adjunct law professor at Fordham University, told PolitiFact in February. In services, by contrast, "the U.S. dominates the world," Gold said.

There’s a political connection here. Trump garnered significant support in the Rust Belt, which has been hit hard by trade deficits in goods, and he fared poorly in coastal and metropolitan areas that have benefited from the surge in services.

It’s worth adding that a significant historical driver of the U.S. trade deficit in goods with Canada has been crude oil — a commodity that the United States has usually preferred to buy from Canada when possible, rather than from overseas suppliers that might be subject to greater political instability. It’s also a product for which the United States is increasingly less reliant on foreign sources overall.

"After you take out oil products from Canada’s exports to the U.S., the U.S. runs a massive trade surplus plus against Canada," to the tune of $49 billion in 2016, Daniel Trefler, a professor of economic analysis and policy at the University of Toronto's Rotman School of Management, told PolitiFact in February. "If we are talking about manufacturing jobs, the U.S. is a huge winner."

I am sensitive to his concerns, and understand wanting to bring manufacturing back... but when you look at the whole picture and consider that a) most of the surplus is due to purchase of oil and b) the US has a large service deficit resulting in a net trade surplus, isn't that what you want in a trade partner? Import manufactured goods from countries with access to cheaper labor or more raw resources like Canada may have, and export services from (presumably) higher paying service industries like finance, legal and entertainment? Also with regards to oil, why not buy it from an ally versus the middle east until you have a solution to replace oil imports?

Again I understand wanting to bring back manufacturing and reducing reliance on foreign trade... we all want that for our countries, but I'm not sure I see the current situation as Canada 'taking advantage' of the US.

Muddy
06-12-2018, 03:29 AM
It will all work out, I think Trump just wants import/export tarrifs equal.

Godfather
06-12-2018, 05:28 AM
https://twitter.com/twitter/statuses/1005707571859283969

The highlight of this all is really our idiot PM's eyebrow falling off :-k :huh:

Godfather
06-12-2018, 05:32 AM
It will all work out, I think Trump just wants import/export tarrifs equal.


"Geography has made us neighbors. History has made us friends. Economics has made us partners, and necessity has made us allies. Those whom God has so joined together, let no man put asunder."

John F. Kennedy

DemonGeminiX
06-12-2018, 06:09 AM
If you get rid of your tariffs on our goods, we'll get rid of our tariffs on yours. Equal trade.

And does that dude really wear fake eyebrows? :huh:

PorkChopSandwiches
06-12-2018, 03:35 PM
I dont understand why its difficult to understand

DemonGeminiX
06-12-2018, 05:46 PM
Addicts have a hard time giving up their addictions.

Godfather
06-12-2018, 08:13 PM
Addicts :lol: is that really a fair metaphor?

Are you guys talking the milk tariff specifically? I’m not sure what exactly is so ‘easy to understand’ here, that is a complicated matter that goes both ways, Canada still imports twice as much US dairy from the US as we export and it’s a weird specific industry that wasn’t covered by NAFTA and could be buried by surplus US supplies easily because you guys subsidize your dairy industry more heavily...

Otherwise most of our tariffs are down to zero, but don’t forget the US protects certain vulnerable industries like tobacco and peanuts too, you don’t hear us crying. No doubt the US has some of the lowest levies in the world, but you do indeed have some too.

DemonGeminiX
06-12-2018, 09:39 PM
:lol:

I thought you'd like that one.

Pony
06-12-2018, 10:44 PM
https://twitter.com/twitter/statuses/1005707571859283969

The highlight of this all is really our idiot PM's eyebrow falling off :-k :huh:

Yes, I didn't hear a thing he said.

lost in melb.
06-12-2018, 10:51 PM
https://twitter.com/twitter/statuses/1005707571859283969

The highlight of this all is really our idiot PM's eyebrow falling off :-k :huh:


:-s