(WASHINGTON, February 26, 2024) – *Former president Donald Trump threatened to decertify Canadian-made aircraft and impose meaningful tariffs on imports from Canada, escalating a trade dispute over business jets.*
- Former President Trump has threatened to decertify Canadian-made planes, potentially grounding them in teh U.S.
- He proposed a 50% tariff on imports from Canada, according to reports from the Washington Post and The New York Times.
- The threats stem from a dispute over business jets and potentially Canada’s relationship with China, CNN reported.
- Trump also threatened tariffs on nations selling oil to cuba, according to the BBC.
Former President Donald Trump is threatening to decertify Canadian-made aircraft and impose a 50% tariff on imports from Canada, according to reports from The Washington Post and The New York Times. The move escalates a trade dispute centered on business jets and raises the possibility of broader economic tensions between the two countries.
Did you know?-The U.S. and Canada share one of the largest trading relationships globally, exceeding $790 billion in goods and services in 2023, according to the U.S. Trade Representative.
Business Jet Dispute
The threats were made by Trump during a rally, as reported by The Washington Post.He specifically targeted Bombardier, a Canadian manufacturer of business jets, and suggested the U.S. would no longer recognize the certification of its aircraft. This action could effectively ground Canadian-made planes currently operating in the United States.
According to CNN, trump also proposed a 100% tariff on Canada should the contry pursue a trade deal with China. The Wall street Journal reported that Trump threatened to ground Canadian aircraft and apply tariffs to imports.
Pro tip-Decertification of aircraft is a rare and complex process. It requires significant regulatory action by the Federal Aviation Administration (FAA).
Tariffs on Oil Sales to Cuba
Beyond Canada, Trump also threatened tariffs on nations selling oil to Cuba, the BBC reported. the specifics of this threat and the countries targeted were not instantly clear.
Why: Former President Trump issued these threats during a rally, citing unfair trade practices and concerns over canada’s potential economic ties with china. He specifically targeted Bombardier,a Canadian business jet manufacturer,and nations supplying oil to Cuba.
Who: The primary parties involved are former President Donald Trump, the governments of Canada and Cuba, Bombardier, and potentially other nations involved in oil sales to Cuba. U.S. consumers and businesses could also be affected by the proposed tariffs.
What: Trump threatened to decertify Canadian-made aircraft, effectively grounding them in the U.S., and to impose a 50% tariff on all imports from Canada. He also proposed a 100% tariff on Canada if it pursued a trade deal with China, and threatened tariffs on nations selling oil to Cuba.
How did it end?: As of February 26, 2024, the situation remains unresolved. The threats are currently just statements made by Trump,and no official actions have been taken. the outcome will depend on further statements from the Biden administration and potential negotiations between the U.S. and Canada.
“We’re going to be looking at tariffs on Canada,” Trump saeid, according to The Washington Post. “They’ve been very unfair to us.”
The former president’s statements come amid ongoing scrutiny of international trade practices and a renewed focus on protecting American industries. The potential economic
