RT reported that speaking at a press conference in North Carolina on January 24, US President Donald Trump said that if Canada becomes the 51st state of the United States, people will receive a lot of tax reductions because they are subject to very high taxes.
In addition, President Donald Trump affirmed that Canada will no longer have to worry about military or many other issues. They will also have a much better health care and health insurance system, really. I think Canadians would love this if it was explained clearly, Donald stressed.
Donald Trump has long been publicly critical of Canada's trade policy, threatening to impose a 25% tariff on goods from the country to protect the US economy. He said that the tax plan will start from January 1.
We are losing $200 billion a year to Canada, the US president affirmed, blaming poor governance, especially over the past four years, which has left the situation unbalanced.
According to Donald Trump, if Canada joins the US, the tariffs will be lifted, creating greater business and trade opportunities for both sides. We dont need cars, wood and food from Canada because we produce those things right across the border, Trump said.
President Donald Trump's proposal has not been well received by Canada, especially by outgoing Prime Minister Justin Trudeau. After rejecting the proposal for a state ty state, Prime Minister Trudeau asserted that Canada will never be a part of the United States.
Prime Minister Trudeau also warned that if the US uses economic power to force, Canada will respond with retaliatory tariffs. US consumer prices will increase above most of all items, Trudeau warned.
Canada is considering retaliatory tariffs on orange juice, sanitary equipment and some US steel products if Mr. Trump fulfills his threat. As President Trump imposed higher tariffs during his first term in office, Canada announced billions of dollars in new tariffs in 2018 on the US to respond to new tariffs on Canada's steel and aluminum.
"Everything is possible," Trudeau said. This is not good for Canada, but its not good for American consumers.
Nearly 2.7 billion USD in value of goods and services cross the border per day. Canada is a top export destination for 36 US states.
Although President Donald Trump announced that the US is suffering a $200 billion deficit from Canada, data from the US Bureau of Economic Analysis (BEA) shows that the real trade and service deficit with Canada in 2023 is only about $40 billion.
From sharing a map of Canada's incorporation on social media to economic statements, President Donald Trump seems to be drawing a prospect for Canada and the US to merge. However, this has met with strong backlash from Canada.
