[AD 1] Trump criticizes Canada’s trade surplus
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Trump has criticized Canada’s trade surplus with the U.S., calling it a " pathetic story" where resources are being handed over recklessly. He blames Canada for not diversifying its exports and relies on commodities that could be better utilized elsewhere.
President Joe Biden revoked a key permit for the Keystone XL project after taking office in 2021, effectively killing it. Trump is in favor of the project but has shown no interest in reviving it.
If Trump were to stop Canada’s trade surplus with the U.S., American workers at refineries would lose their jobs and consumers would pay higher prices.
Poilievre argues that Canada should instead ramp up extraction of critical minerals to reduce reliance on foreign suppliers, helping both countries grow while weaning off unfriendly states like China.
He has also been in touch with leaders from Alberta and Saskatchewan to expedite resource project approvals.
Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful.
[Advertisement 2] Poilievre supports Keystone XL and pipelines
Pierre Poilievre, Canada’s prime minister candidate, has been advocating for the Keystone XL pipeline, which would bring 800,000 barrels a day of Alberta oilsands oil to the U.S. in Nebraska.
South Bow Corp., the project owner, has not indicated interest in reviving it after Trump’s criticism.
Poilievre emphasizes the importance of expanding Canada’s resource exports to support both nations and reduce reliance on foreign supplies.
[Advertisement 3] Defense spending concerns
Poilievre addresses Trump’s concerns about border trafficking and military spending by proposing increased investment in Arctic security, claiming the U.S. is shortchanged by allies.
Canada is far below its North Atlantic Treaty Organization goal of spending two percent of GDP on defense.
He argued that investing in free trade with the U.S., which is the world’s largest economy, would fund a more robust military and continental defense.
[Advertisement 4] Bloomberg’s comment
Bloomberg.com highlights the importance of Canada-U.S. free trade, noting that the U.S. is currently shortchanging itself by relying too much on Canadian products for its pipelines.
The article ends with Bloomberg’s comment on the economic impact if Trump were to stop Canada’s trade surplus.
