A Canadian billionaire who founded his second largest company stored the departing Prime Minister Justin Trudeau after he had announced welding for the rates of US President Donald Trump.
Trudeau, who resigned dramatically last month, stated on Sunday that he was setting rates at $ 107 billion of American goods.
The rates will take effect on Tuesday, the same day as Trump's rates with see 25 percent on goods from Mexico and Canada, and 10 percent on Chinese products.
They have the potential to disturb more than $ 2.1 trillion in annual trade between those countries and the United States, but Tobi Lutke – the co -founder of Shopify – said Canadians want their government to follow Trump's demands.
'I am disappointed [the] Trump Admin has placed the rates of 25 percent, “He posted X.” I am disappointed that this is the reaction of our government.
“I love Canada and want it to thrive,” Lutke continued. 'I built the largest technology company in Canada here because I know it is a special place.
“Canada thrives when it works together with America. Win by helping America win.
“Trump believes that Canada has not held his side of the bargain, and he has set conditions to prove that we are still working together: getting the boundaries under control and destroying it on fentanyl gentlemen,” explained Lutke.
Tobi Lutke – the co -founder of Shopify – (left, with his wife) said Canadians want their government to follow Trump's requirements
Trudeau stated on Sunday that he set rates at $ 107 billion in American goods
“These are things that every Canadian wants his government to do that too,” said Lutke. 'These are not crazy requirements, even if they come from an unpopular source.
“These rates will be devastating for the lives of so many people and small companies,” he continued.
'Leadership is about doing what is good, not what is popular. And going back will not lead to something good.
“America will take it off. Canada will refuse, “he predicted, saying that a trade war” is just the wrong choice in a space where much better options would have been available. “
Lutke founded Shopify, the e-commerce giant, in 2006. It is now worth $ 150 billion and is the largest technology company ever in Canada and the biggest startup ever.
It is the second largest company throughout the country and only loses the Royal Bank of Canada.
Lutke is now worth an estimated $ 10 billion and is one of the richest people in Canada.
According to Trump's plan, the United States would impose a rate of 10 percent on all energy -imports from Canada – America's largest foreign supplier of crude oil
According to Trump's plan, the United States would impose a rate of 10 percent on all energy imports from Canada – America's largest foreign supplier of crude oil.
He claimed that the rates will bring a huge amount of money for our country and bring a rebirth into American production. '
In response, Trudeau said that Canada would impose rates on American beer, wine and bourbon, as well as fruit and fruit juices.
Canada would also focus on goods, including clothing, sports equipment and household appliances.
In his comments on Sunday, Trudeau admitted that Canadians would be difficult in the coming weeks – but suggested that Americans would also suffer from Trump's actions.
“Rates against Canada will endanger your jobs, making the American car assembly factories and other production facilities possible,” said Trudeau, who spoke to American citizens during a press conference in Ottawa.
“They will increase the costs for you, including food in the supermarket and gas at the pump.”
Trump told reporters on a joint basis Andrews that he would speak on Monday morning with Canadian and Mexican leaders
The American president also acknowledged on Sunday that the rates 'maybe (and maybe not!)' Some pain 'will have some pain, as he argued on his social platform, it would be' the price that must be paid.
'We pay hundreds of billions of dollars to subsidize Canada. Why? There is no reason. We don't need anything they have, “he wrote.
“Canada should become our cherished 51st state. Much lower loads and much better military protection … and no rates. '
Later in the day, Trump also said he would speak on Monday morning with Canadian and Mexican leaders.
He told reporters on a joint basis Andrews that he would make it clear that it would take considerable action on their part to lift the rates.
'They have to balance their trade, number one. They must prevent people from entering our country, and we stopped it. They didn't stop. We stopped, “said the president, according to the hill.
'They must prevent people from entering and we have to stop Fentanyl. And that includes China. '
Trump continued by saying that he 'does not expect anything very dramatically' that he comes out of the discussions.
“We set up rates. They are guilty of a lot of money and I am sure they will pay. '
When he was then asked if he is considering responding to Canada's retribution rates, Trump suggested that it was possible.
“It has been a one -way street,” he claimed. 'We subsidize Canada to an amount of around $ 200 billion a year, and for which? What do we get out of it? We don't get anything out of it.
“Something is going to happen there. If they want to play the game, I don't mind, we can play the game everything they want. '
Sir Keir Starmer has said that he would like to conclude a trade agreement with the US, with conversations about the prime minister who visit the White House for conversations, according to sources
The American president also suggested that he would impose rates on the European Union and possibly even the United Kingdom if they do not buy large amounts of American oil and gas to make up for the growing shortage in the US.
“The UK is far from pass and we will see,” he said on Sunday. 'The UK – but the European Union is really out of the line.
'UK is no longer, but I am sure that, I think someone can be worked out. But the European Union, it is an atrocity that they have done. '
The British Prime Minister Keir Starmer has said earlier that he would like to conclude a trade agreement with the US, and sources in Washington told the post on Sunday that 'conversations are going on about Sir Keir who comes to the White House for personal conversations'.
