US Commerce Secretary Howard Lutnick on Friday slammed Canada as trade negotiators prepare to review the US-Mexico-Canada Agreement this year.
Asked at Semafor World Economy in Washington, DC, about Canada’s former trade chief suggesting time is on Canada’s side in the talks, Lutnick responded: “That is like the worst strategy I’ve ever heard. They suck. They — look, we are a $30 trillion economy, right?”
Canadian Prime Minister Mark “Carney has a problem with us; he gets on a plane and he goes to China,” Lutnick continued. “Does he think China’s… going to buy his stuff? China is an entirely export-driven economy. So what did he do? He came back and said, ‘Oh, we’ll take their electric cars.’ I mean, is this nuts?”
The Canada stuff starts at the 13:00 minute mark and it isn’t good news.
Worse is that Lutnick speaks highly of the Japanese, Koreans and also Europe for their efforts in striking the sort of deal Canada can only dream about.
