Carney says U.S. wants to wipe out Canadian industries or make them subsidiaries
Carney said the U.S. side sought terms that would have made core Canadian industries subsidiaries or forced them to wind down, as talks collapsed.
- After the Liberals won three byelections, Prime Minister Mark Carney said United States negotiators demanded core Canadian industries become subsidiaries of their American counterparts or be "wiped out."
- Negotiations broke down last month despite "mutually beneficial" elements, as President Donald Trump and his cabinet began attacking Canada on social media, including an executive order renaming Lake Ontario as Lake America.
- Retaliatory tariffs on nearly $28 billion worth of United States products take effect on Sept. 8, with duties ranging from 15 to 50 per cent on goods including steel, copper, and dairy products.
- Resuming discussions requires the Americans to "stop doing memes," Carney said, noting the current approach by United States officials is not constructive.
- Trump threatened to increase automotive tariffs to 50 per cent from 25 per cent in the new year, further pressuring the Canadian auto sector.
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The U.S. proposals are said to have "anihilated" Canadian industries or made them subsidiaries, he says.
‘Stop trying to be tough’: Carney fires back at Trump as U.S.-Canada trade fight escalates
Canadian Prime Minister Mark Carney said trade talks could resume if Washington became serious about negotiations, but he also accused the United States of pursuing terms that he said could leave Canadian industries “gradually wound down in Canada and wiped out.”
The Globe & Mail
BizTocU.S. sought to wipe out Canadian industries, Carney says
Prime Minister Mark Carney says U.S. President Donald Trump's administration has taken the position in trade talks that Canadian industries must become U.S. subsidiaries or be 'wiped out.'
The Toronto Star
Carney says U.S. wants to wipe out Canadian industries or make them subsidiaries
OTTAWA - Prime Minister Mark Carney says U.S. negotiators held an attitude during trade talks that would have made core Canadian industries — including the automotive sector — either become
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