USTR's Greer says Canada is giving other countries better trade deals and action that Trump proposed yesterday is tailored to Canada; Canada's trade retaliation has been notable
The US has proposed 50% tariffs on Canada via Section 338, while USTR Greer highlights concerns over Chinese AI 'distillation' and Airbus subsidies, signaling heightened trade and security protectionism.
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Canada: US is not proposing to ban certain goods like Canada has done to the US. Have been asking Canada for a year now to remove any retaliation to Trump's tariffs. On USMCA, Trump in some ways has already taken related actions. Trump wants deficit to go down. Going to keep talking to Canadian counterparts. Have cut off talks. Always going to trade. Airbus: On Airbus (AIR FP), says looking at loan very closely. Emphasises US wants a level playing field. AI: On AI and China, number of US agencies looking at it, and concerned that China is distilling US models. Not against one kind of standard vs. another. Tariffs:Expect to see some action soon.
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