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Canada to buy next fleet of submarines from US to offset trade deficit: report

Canada to Buy Next Fleet of Submarines From US to Offset Trade Deficit: Report

by The Post Millennial
January 15, 2025
in News
Reading Time: 2 mins read

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Canadian officials said Monday that the country will be buying more submarines from the United States in an effort to offset the trade deficit the US has with its northern neighbors. The move is also an effort to prevent Trump from implementing tariffs on the goods sold in America from Canada.

In an interview with the Associated Press, Canada’s Ambassador to Washington Kirsten Hillman said, “[Trump] has a negotiating style which involves positioning himself in the best way he can for discussions. I think that is what this is.”

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Trump has threatened to impose a 25 percent tariff on goods coming into the United States from Canada unless it fulfills certain obligations such as shutting down the flow of drugs and illegal immigration going into the United States. In addition to this, Trump has slammed the trade deficit with Canada as an issue that needs to be resolved.

“We are happy to source what we can from the United States. And we have some big military procurements coming up for example, replacing our entire submarine fleet,” Hillman added. “Maybe those are some purchases that can happen from the US”

70 percent of all military arms bought by Canada are through the United States, which includes 88 F-35 fighter jets. Alberta’s Premier Danielle Smith told reporters on Monday that narrowing the gap in trade between Canada and the United States is a better choice than having to deal with the proposed tariff. The message comes after Smith went to Mar-a-Lago over the weekend to see the president-elect. […]

— Read More: thepostmillennial.com


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