WASHINGTON — Prime Minister Justin Trudeau is in the U.S. capital today to represent Canada at the inaugural Americas Partnership for Economic Prosperity summit.
The White House meeting, hosted by President Joe Biden, marks the first official gathering of all 12 countries in the hemispheric trade framework.
In addition to the U.S. and Canada, the framework includes Mexico, Chile, Barbados, Colombia, Costa Rica, Ecuador, Panama, Peru, Uruguay and the Dominican Republic. He called it a"once-in-a-generation opportunity" to establish vital supply chains in the Americas, confront the migration problem and"build meaningful economic opportunity across the hemisphere."
"I look forward to working with APEP leaders … to advance important issues such as sustainable economic growth, climate adaptation and mitigation, and expand trade and investment ties in the region." Instead, Canada should agree to U.S. demands that the tax be held in abeyance until a global taxation framework being developed within the Organization for Economic Co-operation and Development can be introduced.
On Tuesday, U.S. Ambassador to Canada David Cohen warned that a serious trade dispute could be brewing if the two countries can't come to an understanding before the tax kicks in early next year.
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