- Trump reached out to schedule a call
- Says will speak to business and union leaders to coordinate a response to April 2
- Nothing is off the table when it comes to defending Canada
- It is clear that the US is no longer a reliable trade partner
- There is no silver bullet and no quick fix
- The old relationship we had with the US based on deepening integration of our economies and tight security and military cooperation is over
This is some inflammatory rhetoric but take it in the context of an election campaign. That last line is particularly troubling and shows what is at stake.
- We have the best deal of a bad deal within what the Americans have proposed on auto tariffs
- We will respond next week when we know what the US is proposing
So it sounds here like Doug Ford told him that Canada is going to get a better deal on autos but it’s not clear what that is.
This article was written by Adam Button at www.forexlive.com.