‘Pain Is Not Worth the Gain!’ Trump Ally Stephen Moore Slams President’s Canada Trade War
The tariffs cover about $20 billion in goods and are expected to raise costs for U.S. consumers, according to Trump ally Stephen Moore.
- On Monday, President Donald Trump imposed 50% tariffs on about $20 billion of Canadian exports after trade talks collapsed, invoking Section 338 of the Tariff Act.
- Trump claims Canada has been "cheating" in trade deals, while Canadian Prime Minister Mark Carney argued Canada was "attacked" by the measures following failed attempts to resolve dairy and technology grievances.
- Former Quebec Premier Jean Charest warned that the U.S. relies on Canada for 60% of its oil and that tariffs will cost American families about $1,000 in annual expenses.
- Carney vowed to match U.S. tariffs "dollar for dollar" on American imports, while Democrats are referencing the "Trump Tariff Tax" during midterm campaigns, linking the policy to rising inflation.
- The Wall Street Journal called the policy "the dumbest trade war in history," while analysts warn the strategy could trigger an economic downturn rather than achieving trade goals.
11 Articles
11 Articles
Ex-Canadian premier says Trump’s trade war 'has gone off the rails'
Former Quebec Premier Jean Charest told CNN's Wolf Blitzer that things are getting worse with the trade war between President Donald Trump and Canada. Now, Trump is even targeting Christmas decorations and building materials."We get along very well, but this trade war, Wolf, is completely off the rails," he said on Monday. "I mean, this started with the president announcing a new round of 50 percent tariffs on $20 billion worth of goods. For exa…
Editorial: A 'Dumb' Trade War Just 'Got Dumber'
President Trump's renewed trade fight with Canada is taking flak from the left and right in two opinion pieces. On the right, the conservative editorial page of the Wall Street Journal doesn't mince words, asserting that "the dumbest trade war in history" just "got dumber." The piece recounts how Trump...
In the frozen trade conflict between the US and Canada, US President Donald Trump escalates the situation.
‘Pain Is Not Worth the Gain!’ Trump Ally Stephen Moore Slams President’s Canada Trade War
Economist Stephen Moore has warned that President Donald Trump’s tariffs on Canada are “probably not worth the gain” and poorly timed amid the Iran war and inflation concerns. Moore, a close ally of Trump, joined Ashley Webster on Fox Business on Monday, where he accused Canada of “cheating” in their trade deals with the United States, but he also warned of the consequences from Trump’s new tariffs. “Probably the pain is not worth the gain. I’ve…
(New York = Yonhap News) Correspondent Kim Yeon-sook = The U.S. daily Wall Street Journal (WSJ) described President Donald Trump's tariff war against Canada as "the most foolish trade..."
Coverage Details
Bias Distribution
- 60% of the sources lean Left
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