Commerce secretary Howard Lutnick simply asks Canadian leaders to thank a little for the generosity of the United States to help the stores of the neighbors de-escalate.
Canada announced $ 21 billion in new rates on Wednesday at the import of American computers and sports equipment, in the last blow that was fired in this battle.
The move comes hours after President Donald Trump's 25 percent rates have been put into operation on Canadian steel and aluminum.
Now that Lutnick would meet the combative Ontario Prime Minister Doug Ford and the Canadian Minister of Finance Dominic Leblanc on Thursday, he gave some advice for the old ally of America.
'Just say thank you. God knows, say thank you, “he told CBS News, adding that Canada should be grateful that he is the greatest trading partner in the United States.
He added that the Canadians act in the same way as Ukraine, who, according to him, has refused to thank for the fact that he received '$ 300 billion in the help of us and military and NATO and the rest'.
Lutnick believes that Canada behaves in this way, because earlier administrations have simply allowed them.
“Think about it. The largest trading partner in the world who is vital to the existence of Canada says, “I am unhappy” and they respond negatively, do you know why? Because they have left for 30 years for 20 years. '
Commerce secretary Howard Lutnick simply asks Canadian leaders to thank a little for the generosity of the United States to escalate the stores of the neighbors
With Lutnick who met the combative Ontario Prime Minister Doug Ford (photo) and the Canadian Finance Minister Dominic Leblanc, he gave some advice for the old ally of America
The secretary of the trade added that Trump threatened 50 percent rates on steel and aluminum because Ford is 'a man in Ontario' who had to break that Trump. '
“He had to break a man in Ontario who said he would burden American energy 25 percent. The President of the United States in the White House says, “Oh, no, you don't do that” and break him, “Lutnick said.
After rumors that his status fell within the administration, Lutnick was established as a fierce defender who assumes the long interview's rates.
“This policy is the most important thing America has ever had,” Lutnick said when Cortes asked him if rates were still 'worth it', even if it brought the economy into a recession.
“It's worth it,” he said. “The only reason that there might be a recession is because of the Biden nonsense with which we had to live.”
Lutnick called Trump's successful nosy nose with Ford who tried to bully Trump by listening extra rates for exporting power to the United States, but eventually had to leave his proposal.
Canada folded to Trump on Tuesday after he promised that the nation would pay a historically large 'financial price' for the electricity rate that imposed the US parts
Ontario Prime Minister Doug Ford returned the course and said that he would cancel the 25 percent rate on Canadian electricity that was delivered to the northern states of Michigan, New York and Minnesota.
Lutnick called Trump's successful nosy nose with Ford who tried to bully Trump by listening extra rates for exporting power to the United States, but eventually had to leave his proposal
After rumors that his status fell within the administration, Lutnick was established as a fierce defender the rates of the president who assume the long interview
Trump agreed, after Canada had withdrawn, not to double the rates on Canadian steel and aluminum to 50 percent, which means that they stay at 25 percent.
The Prime Minister said he spoke with Commerce Secretary Howard Lutnick about the situation and they agreed on Thursday to discuss mutual rates that Trump wants to set up on 2 April.
“Ontario agreed to suspend his 25 percent surcharge in the export of electricity to Michigan, New York and Minnesota,” said Ford.
Wall Street did not respond in a friendly way to the Whipsaw negotiations, because the stock market dropped seven percent and consumer confidence fell.
“It's not chaotic,” said Lutnick. “And the only one who thinks it's chaotic is someone who is stupid.”
Lutnick, who is familiar with Wall Street, urged CEOs to be patient with the president because he became aggressive with rates.
“The markets are going to learn, let the dealer close his deals,” he said in the interview with CBS.
Lutnick, the former CEO of the Wall Street Financial Investment Firm Cantor Fitzgerald, is a former Democrat, who called Trump while cursing the trade secretary in ceremony.
The Canadian Finance Minister Dominic Leblanc said on Wednesday when the rates announced that the latest list of products affected by this trade war includes computers, sports equipment and cast -iron products
The trade war between the US and Canada will take place after the northern neighbors have announced a new wave of mutual rates after the 25 percent fine on the steel of Canada and aluminum came into effect
“Although he spent a bit of his time in life as a Democrat from New York, I am good because I knew him during his democratic days and that is okay,” he noticed.
Trump said he was convinced that Lutnick would help him bring back the American economy and claimed that he would “lead the indictment” on his rate and trade agenda.
'There is no deal that you can do, that is bigger. Every deal. That's why you can never go back because it looks like small potatoes, no matter how big it is, including even Cantor Fitzgerald, “Trump joked.
Lutnick was the transition coo chairman of Trump who had the son of the son-in-law of President Jared Kushner and said he helped with some of the staff decisions.
“Jared Kushner is a great help for me … He absolutely helps me,” Lutnick told System Update reporter Michael Tracey in October.
Lutnick was initially considered for Finance Minister, but in the end Trump opted for Scott Bessent for the job. The trading position was seen as a comfort prize for Lutnick.
Trump often turns to Lutnick in meetings and asks him to describe some of the proposals of the administration.
The proposed 'Gold Card' visa program that was proposed to replace EB-5-VISA was seen as a Lutnick brain child who repeatedly has been the manager of the idea.
United States Secretary of Trade Howard Lutnick and American secretary of the Treasury Scott Bessent Converse Converse prior to the comments of US President Donald J Trump in the White House
Elon Musk, American trade secretary Howard Lutnick and Staff Chef from the White House Susan Wiles Walk in the White House
The program would enable rich foreigners to spend $ 5 million to earn permanent legal stay in the united state and a road to citizenship.
Dominic Leblanc, the Canadian Finance Minister, said on Wednesday that the list of products that are affected by the new rates includes computers, sports equipment and cast iron products.
Leblanc said: “Today I announce that the Government of Canada, after a dollar-for-dollar approach, will impose, from 12:01 pm tomorrow, March 13, 2025, 25 percent mutual rates for an extra C $ 29.8 billion ($ 20.7 billion) of imports from the United States.”
He added: “This includes steel products worth C $ 12.6 billion and aluminum products worth C $ 3 billion and extra imported American goods worth C $ 14.2 billion.”
The electricity rates of Canada that were implemented on Monday were an escalation in the trade war and came in response to previous rates from Trump.
In the midst of the intensifying trade war, the president repeated his call to the US to bring Canada into the fold.
“Canada must be honestly our 51st state. We would not have a northern border problem. We would not have a tariff problem, “said Trump.
“Canada would be great if our cherished 51st state. You would not have border problems. You would have nothing. '
Earlier Tuesday, Trump explained a national emergency situation in the United States and doubled the rates on aluminum and steel from Canada after Ford had introduced his electricity rate.
