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Economic coercion from U.S. and Europe almost drove Canada ‘into China’s arms,’ says Trudeau
Trudeau said U.S. and European pressure on Bombardier and other industries created openings for China and forced Canada to seek other partners.
- On Thursday, Former Canadian Prime Minister Justin Trudeau told CNBC CONVERGE LIVE that economic pressure from Western allies "almost drove" Canada "into China's arms" during aerospace competition.
- Bombardier faced pressure from Boeing and Airbus, prompting Chinese investors to offer a "dump truck full of money" to acquire the business, Trudeau said.
- Trudeau intervened at the 2017 G7 Summit in Sicily, warning Macron, Merkel, and President Donald Trump that Western competition was driving Canada toward China; Airbus later took a "majority stake" in 2018, securing more than 3,300 Quebec jobs.
- Current American tariff threats, including 50% duties on Canadian Aluminum, force industries to diversify; Canada signed European supply deals to counter what Trudeau called "economic coercion."
- Naming the U.S., China, Russia, and India, Trudeau criticized "great powers" for deciding they can "opt in or opt out of pieces of the rules-based order," telling CNBC this question is at the heart of global conversations.
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40 Articles
40 Articles
Justin Trudeau stated that economic pressures almost pushed Bombardier "in the arms of China" nearly ten years ago.
·Montreal, Canada
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Former Prime Minister Justin Trudeau cautions that U.S. tariffs threaten to bring Canada closer to China in the automotive sector.
·Montreal, Canada
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The former Prime Minister recalled that ten years ago Bombardier had almost fallen "in the arms of China."
·Montreal, Canada
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Coverage Details
Total News Sources40
Leaning Left27Leaning Right1Center9Last UpdatedBias Distribution73% Left
Bias Distribution
- 73% of the sources lean Left
73% Left
L 73%
C 24%
Factuality
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