9/7/2018

AUTO INDUSTRY/CANADA/TAXES/TRADE WAR/TRUMP AS PRESIDENT: “President Donald Trump said Friday [9-7-18] he does not want to hurt Canada’s economy but also warned that if he imposes taxes on cars it would be ‘devastating’ for the neighboring country…Trump spoke on route to Fargo, North Dakota, while Canadian Foreign Minister Chrystia Freeland was meeting in Washington with U.S. Trade Representative Robert Lighthizer. They have been trying to reach a deal that would allow Canada to remain in a North American trade bloc with the U.S. and Mexico. After a two-hour meeting, Freeland told reporters that ‘you could say at this very intense point that we are really in a continuous negotiation.’ Freeland did not say whether the negotiations would continue later Friday or next week. Lighthizer plans to see European Trade Commissioner Cecilia Malmström next week in Brussels. Larry Kudlow, top economic adviser to Trump, told Fox Business Network on Friday morning that U.S. access to Canada’s protected dairy market is the single issue holding up the negotiations.”

The Associated Press, “Trump Warns of ‘Devastating’ Taxes on Canadian Cars,” The New York Times online, September 7, 2018