this post was submitted on 15 Mar 2025
48 points (100.0% liked)

Canada

8928 readers
1464 users here now

What's going on Canada?

Related Communities

🍁 Meta

🗺️ Provinces / Territories

🏙️ Cities / Local Communities

Sorted alphabetically by city name.

🏒 SportsHockey

Football (NFL): incomplete

Football (CFL): incomplete

Baseball

Basketball

Soccer

💻 Schools / Universities

Sorted by province, then by total full-time enrolment.

💵 Finance, Shopping, Sales

🗣️ Politics

🍁 Social / Culture

Rules

  1. Keep the original title when submitting an article. You can put your own commentary in the body of the post or in the comment section.

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage: lemmy.ca

founded 4 years ago
MODERATORS
[email protected]
[email protected]
48
What's Trump's endgame with global tariffs? Canadian officials say they have a clearer idea (www.cbc.ca)
submitted 1 day ago by [email protected] to c/[email protected]
36 comments fedilink hide all child comments
 

In an interview on Power & Politics, (David Paterson, Ontario's representative in Washington) told host David Cochrane that the Canadians and Americans had a 90-minute meeting and the first half-hour was "a master class" from Lutnick in breaking down the U.S. position on tariffs.

The focus of the U.S. government is dealing with its yearly deficit in federal spending, Paterson said. According to the U.S. Treasury Department, the federal government ran a $1.83 trillion US deficit in the 2024 fiscal year.

There are three ways the U.S. government is working to cut down that deficit, Paterson added.

The first is a major budget resolution that calls for billions of dollars in tax cuts, and the second is slashing the size of government through Elon Musk's Department of Government Efficiency. The third is tariffs, which are meant to be a new revenue source and attract investment into the United States.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 7 points 1 day ago

“Tariffs are now a global policy of the United States,” said David Paterson, Ontario’s representative in Washington. “And this is a historic change to global trading patterns, and [the Americans are] very aware of that.”

Paterson said the American plan is to impose tariffs by sector across countries all around the world on April 2. From there, the countries that get along with the U.S. the best will be “first in line” to adjust or mitigate the tariffs.

[Ambassador Kirsten] Hillman described the meeting as “concrete” and appreciated the conversations, but she noted that nothing changed in terms of the ongoing trade war between Canada and the U.S.