1 week ago

Trump Floats ‘Lake America’ Amid Escalating US-Canada Trade War

Trump Floats ‘Lake America’ Amid Escalating US-Canada Trade War
Trump Wants To Rename Lake Ontario "Lake America" Amid Trade War With Canada · NDTV

Donald Trump suggested giving Lake Ontario a new name: “Lake America.”

He made the proposal while the United States and Canada were arguing about trade.

The United States placed large taxes, called tariffs, on some Canadian goods.

Trump also threatened more tariffs on cars, car parts and steel from Canada.

Canada was preparing ways to help workers and businesses affected by the tariffs.

Canadian Prime Minister Mark Carney said the United States was treating Canada like a subsidiary.

Businesses say the two countries need each other because their supply chains are closely connected.

A long trade fight could make some products more expensive and hurt families and companies in both countries.

Key facts

Proposed name
“Lake America” for Lake Ontario
Existing U.S. tariffs
50% tariffs on $20 billion worth of Canadian goods
Potential additional tariffs
Another 50% on Canadian vehicles, auto parts and steel
Canadian response
Canada was expected to announce measures supporting workers and businesses affected by the tariffs
Trade relationship
The United States and Canada have deeply integrated supply chains in automobiles, energy, agriculture and manufacturing
Canadian criticism
Mark Carney said a U.S. negotiating stance treating Canada as a subsidiary was unacceptable
Business concern
A prolonged tariff dispute could increase costs and uncertainty for businesses, workers and consumers

Quotes

Michael Howard II

Michigan furniture business owner discussing the tariffs’ economic impact

“The United States is giving serious consideration to changing the name of Lake Ontario to "Lake America" in that we don't expect to doing much business with Ontario any longer. Thank you for your attention to this matter! President DONALD J. TRUMP,”
wionews.com m.rediff.com NDTV
“We learned during the negotiations that the Americans want to destroy our major industries, including autos, steel and aluminium. That was one of the main reasons we said no. It was a bad deal.”
wionews.com NDTV

Sources

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