Market Flux Event
Trump Proposes Renaming Lake Ontario to Lake America as US-Canada Trade War Deepens
President Donald Trump said Tuesday on Truth Social that the United States is seriously considering renaming Lake Ontario to Lake America, citing expectations that the country will no longer do significant business with Ontario. The announcement came as US-Canada trade tensions reached a new peak following the collapse of bilateral trade talks and Trump's proposal to raise tariffs on Canadian cars, auto parts and steel to 50 percent starting next year. Canada suspended trade negotiations with the US after steep new American tariffs on a broad range of Canadian goods took effect, with Prime Minister Mark Carney calling the duties a miscalculation.
The renaming proposal, while largely symbolic, underscores the severity of the diplomatic and economic rift between the two countries.
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Sources
- FirstSquawkTRUMP ON TRUTH SOCIAL: The United States is giving serious consideration to changing the name of Lake Ontario to Lake America in that we don’t expect to doing much business with Ontario any longer. Thank you for your attention to this matter! President DONALD J. TRUMP
- DeItaone*TRUMP: CONSIDERING RENAMING LAKE ONTARIO TO LAKE AMERICA
- Sino_MarketTrump pressures Canada, proposes renaming Lake Ontario to "Lake America" President Trump said the US is considering renaming Lake Ontario to "Lake America", saying the US does not expect to do much business with Ontario going forward. He said US-Canada trade talks collapsed and proposed raising tariffs on Canadian cars, auto parts and steel to 50% from next year. ( )
- BusinessDonald Trump threatened to rename Lake Ontario as “Lake America,” escalating his war of words with Canadian officials as an intensifying trade fight strains the close economic relationship between the countries. Read more: : Will Oliver/Bloomberg
- ReutersTrump threatens to change the name of Lake Ontario to Lake America amid Canada trade war
- BNNBloomberg‘I love French Canadians!’ Trump says as he considers renaming Lake Ontario to ‘Lake America’. Follow for live updates.
- ThehillTrump eyes changing Lake Ontario name amid trade war with Canada