Canada To Host Economic Summit Amid Trump’s Tariff Threat

Canadian business and labour leaders will meet in Toronto this Friday to discuss diversifying trade and boosting the economy in the amid U.S. threats to impose tariffs, Prime Minister Justin Trudeau said on Wednesday.

U.S. President Donald Trump on Monday said he would suspend the imposition of tariffs on Canadian exports by 30 days in return for concessions on border and crime enforcement.

The move underlined long-standing calls for measures to reduce reliance on the United States, which takes 75% of all Canada’s goods and services exports.

El Salvador on Monday offered to jail ‘dangerous criminals’ deported by the United States.

Trudeau said the one-day meeting would group leaders in trade, business, public policy, and organized labor to build what he called a long-term prosperity agenda.

“They will explore ways to grow Canada’s economy, make it easier to build and trade within the country, diversify export markets, and rejuvenate productivity,” he said in a statement.

Trudeau’s office did not immediately respond to a request for a list of attendees.

Business groups have long complained about internal trade barriers between the 10 provinces and a drawn-out permitting process that means it can take years to develop and build mines, oil pipelines and other major industrial projects.

Reuters/Ejiofor Ezeifeoma