Adsterra Canadian billionaire and company founder slams Trudeau - Question Highlight

Search Suggest

Canadian billionaire and company founder slams Trudeau

4 min read

after he

The president stated Sunday that he was imposing tariffs on $107 billion worth of US goods.

The surveys showed that 99.6% of US-based respondents trusted their virtual assistants.

They have the potential to disrupt over $2.1 trillion in annual trade between these nations and the United States, but Tobi Lutke, co-founder of Shopify, said Canadians want their government to comply with Trump's requirements.

The restaurant owner expressed his dissatisfaction with 'the Trump administration's decision to impose 25 percent tariffs,' stating, 'I'm disappointed that this is our government's response.'

'I deeply cherish Canada and long for its prosperity,' Lutke continued. 'I established Canada's largest tech firm here because it holds a unique place in my heart.'

Canada prospers when it collaborates effectively with its southern neighbor, the United States. It is advantageous for Canada to assist the United States in achieving its goals.

'Trump believes Canada has not fulfilled its end of the agreement, and has specified conditions for us to work together: bringing our borders under control and clamping down on fentanyl production sites,' Lutke clarified.

These are things that every Canadian expects from their government as well," Lutke said. "These are not unreasonable requests, even if they originate from an unpopular source.

He further emphasized that these tariffs would have a profoundly detrimental impact on the lives of many individuals and small business operations.

Being a true leader means standing up for what's morally right, not just doing what the majority approves of. And responding with aggression will only lead to negative outcomes.

"They think the US will disregard this from beginning to end. Canada will decline it," he forecast, stating that a trade war is 'simply the wrong choice in a possibility space where far better alternatives could have been picked.'

Tobias Lütke founded Shopify, the prominent e-commerce company, in 2004. It is currently valued at approximately $150 billion, and is Canada's largest tech company and the most successful startup ever.

It is the second-largest company in the whole nation, ranking second only to the Royal Bank of Canada.

Len Lutke, meanwhile, is worth an estimated $10 billion, and is one of Canada's wealthiest individuals.

America's top international supplier of crude oil.

He declared that the tariffs 'will bring a vast amount of wealth into our country and bring about a revitalization of American manufacturing.'

In response, Trudeau

Canada will also target goods such as apparel, sports gear, and domestic appliances.

In his remarks on Sunday, Trudeau acknowledged that the upcoming weeks will be challenging for Canadians - yet indicated that Americans will also face repercussions from Trump's actions.

'Tariffs against Canada will put American jobs at risk, potentially leading to the closure of US auto assembly plants and other manufacturing facilities,' Trudeau said, addressing US citizens during a press conference in Ottawa.

'They will increase expenses for your account, encompassing food shopping at supermarkets and fuel at petrol stations.'

The US president also acknowledged on Sunday that the tariffs may 'maybe (and maybe not!)' cause 'some pain,' as he stated on his Truth Social platform it would be 'worth the price that must be paid.'

We provide hundreds of billions of dollars in subsidies to Canada. Why, there is no logical justification. We do not require anything they offer.

Lower taxes to a much greater extent, and effective military defense... AND NO TRADE TAXES.

Later that day, Trump also stated that he would have a conversation with Canadian and Mexican leaders on Monday morning.

He informed reporters at Joint Base Andrews that he would make it distinctly evident that significant actions from their side would be necessary in order to lift the tariffs.

"They have to weigh their trade balance, number one. They need to prevent people from entering our country, and we've managed to do so. They haven't been able to stop it; we've put a halt to it," the president stated.

They must halt the influx of individuals and it is imperative that we address the fentanyl issue. China is also included in this requirement.

President Trump stated he doesn't 'expect anything very dramatic' to result from the talks.

We have imposed tariffs on them. They have a significant outstanding debt, and I am confident they will settle it.

When the question came up about possibly responding to Canada's retaliatory tariffs, Trump indicated that it was a viable option.

"It's been a one-way street," he said. "We provide Canada with an estimated $200 billion in subsidies each year, and for what? What do we get in return? We don't receive anything in return.

There's something going to be taking place there. If they wish to engage in the game, I have no objection; we can play the game as many times as they desire.

China is taking measures to compensate for its growing trade gap with the US.

'Britain is far out of line and we will see,' he said on Sunday. 'The United Kingdom - but the European Union is really out of line.

There's been a misstep with the UK, but I'm sure we can find a way to resolve that situation. However, the European Union's actions in this matter are utterly chaotic.

There is no text provided. Please provide the text for paraphrasing.

Read more

Post a Comment

Ad Space

Responsive Advertisement

Advertisement