President Donald Trump announced new tariffs on Canada on Saturday, but he said there is a good chance of a “comprehensive deal” to cool trade tensions with China. The split screen emerged this weekend as Trump kicked off his first trip to Asia this term, a three-country sprint expected to focus heavily on trade. Trump announced plans to impose an additional 10% tariff on Canadian imports in a social media post on Saturday but didn’t specify when the levies would take effect. The escalation stems from a dispute over an anti-tariff television ad aired by the province of Ontario that, according to the president, is misleading. Trump told reporters he has no intention of meeting with Canadian Prime Minister Mark Carney, even though they’re both attending a summit taking place in Malaysia.However, Trump did sit down with Brazilian President Luiz Inácio Lula da Silva, who wants to see the U.S. lower steep tariffs imposed earlier this year. “I think we should be able to make some good deals for both countries,” Trump said. Trump also attended a signing ceremony for an expanded ceasefire between Cambodia and Thailand. He used the threat of tariffs earlier this year to push those countries towards peace. “Alongside this peace treaty, we are also signing a major trade deal with Cambodia and a very important critical minerals agreement with Thailand,” Trump said during the ceremony on Sunday. “The United States will have robust commerce and cooperation, transactions, lots of them, with both nations as long as they live in peace.”The president’s trip continues later this week with stops in Japan and South Korea, where Trump could meet with Chinese Leader Xi Jinping to try to de-escalate the ongoing trade war. “I think we have a really good chance of making a very comprehensive deal,” Trump told reporters over the weekend.The comments come after Trump previously threatened to impose an additional 100% tariff on Chinese imports starting Nov. 1 in response to new restrictions from Beijing on rare earth minerals, which are crucial for modern manufacturing. Trump said he also wants to address the fentanyl crisis and help American farmers who have been hurt by the trade war with China. Ahead of the planned meeting with President Xi, China’s top trade negotiator said both sides had achieved “preliminary consensus” on areas of dispute. More from the Washington Bureau:
President Donald Trump announced new tariffs on Canada on Saturday, but he said there is a good chance of a “comprehensive deal” to cool trade tensions with China.
The split screen emerged this weekend as Trump kicked off his first trip to Asia this term, a three-country sprint expected to focus heavily on trade.
Trump announced plans to impose an additional 10% tariff on Canadian imports in a social media post on Saturday but didn’t specify when the levies would take effect. The escalation stems from a dispute over an anti-tariff television ad aired by the province of Ontario that, according to the president, is misleading.
Trump told reporters he has no intention of meeting with Canadian Prime Minister Mark Carney, even though they’re both attending a summit taking place in Malaysia.
However, Trump did sit down with Brazilian President Luiz Inácio Lula da Silva, who wants to see the U.S. lower steep tariffs imposed earlier this year.
“I think we should be able to make some good deals for both countries,” Trump said.
Trump also attended a signing ceremony for an expanded ceasefire between Cambodia and Thailand. He used the threat of tariffs earlier this year to push those countries towards peace.
“Alongside this peace treaty, we are also signing a major trade deal with Cambodia and a very important critical minerals agreement with Thailand,” Trump said during the ceremony on Sunday. “The United States will have robust commerce and cooperation, transactions, lots of them, with both nations as long as they live in peace.”
The president’s trip continues later this week with stops in Japan and South Korea, where Trump could meet with Chinese Leader Xi Jinping to try to de-escalate the ongoing trade war.
“I think we have a really good chance of making a very comprehensive deal,” Trump told reporters over the weekend.
The comments come after Trump previously threatened to impose an additional 100% tariff on Chinese imports starting Nov. 1 in response to new restrictions from Beijing on rare earth minerals, which are crucial for modern manufacturing.
Trump said he also wants to address the fentanyl crisis and help American farmers who have been hurt by the trade war with China.
Ahead of the planned meeting with President Xi, China’s top trade negotiator said both sides had achieved “preliminary consensus” on areas of dispute.
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