US EditionLutnick calls Carney’s speech ‘political noise’ and cautions Canada on China deal
Commerce Secretary Lutnick said Canada’s China deal, opening EV imports and tariff changes, may complicate USMCA talks and affect its currently strong trade position.
- On Thursday, U.S. Commerce Secretary Howard Lutnick called Prime Minister Mark Carney's World Economic Forum speech `political noise` and called parts `the silliest thing I've ever seen` on Bloomberg TV.
- Carney last week reached a deal with President Xi that opened Chinese electric-vehicle and auto investment in Canada for expected cuts to Chinese canola tariffs and in Davos warned the old world order is dead, urging middle powers to unite, a message echoed by European leaders.
- Lutnick said Canada currently has the second-best deal in the world for U.S. market access, but he questioned Canada's economic math against the United States' $30 trillion economy.
- Later this year USMCA is up for review and Howard Lutnick, U.S. Commerce Secretary, warned Ottawa's tilt toward China could upend negotiations and risk the review process.
- U.S. trade officials noted the shifting landscape, with Jamieson Greer, United States Trade Representative, saying there is a `new world order` and European leaders citing Mark Carney's Davos warnings.
46 Articles
46 Articles
Finance Minister François-Philippe Champagne remains marble in the face of the latest threats to Canada made by a member of the Trump administration, Trade Secretary Howard Lutnick, who denounces the economic rapprochement between Canada and China advocated by Prime Minister Mark Carney.
Lutnick: Canada’s ties to China, Carney's speech could affect USMCA review
Canadian Prime Minister Mark Carney risks upending U.S.-Mexico-Canada Agreement negotiations by expanding ties to China and “complaining” about the U.S., Commerce Secretary Howard Lutnick said on Thursday. Carney last week traveled to China to expand bilateral ties, announcing that the country would slash steep tariffs on the electric vehicles from China and allow a limited number of them to enter the country in exchange for lower duties on Cana…
US Commerce Secretary Says Ottawa Courting China Could Cost It in USMCA Negotiations
U.S. Commerce Secretary Howard Lutnick says Ottawa could risk jeopardizing the upcoming renegotiations of the United States-Mexico-Canada Agreement by getting closer to China and opening the Canadian market to more Chinese products. Lutnick’s remarks come after Prime Minister Mark Carney delivered a speech on Jan. 20 at the annual meeting of the World Economic Forum (WEF) in Davos, Switzerland, urging countries and companies not to comply with u…
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