Looks like we have another Maple Maga traitor on our hands.
Tobi Lutke, CEO of Shopify, Canada’s second-largest publicly traded company, has publicly supported U.S. President Donald Trump’s 25% tariff demands on Canada. He criticized outgoing Prime Minister Justin Trudeau for not preventing the trade conflict, stating that Trump’s demands align with Canadian interests. Lutke condemned Trudeau’s retaliatory tariffs, arguing they would harm Canadian businesses without yielding positive outcomes. He emphasized that Canada thrives when collaborating with the U.S., suggesting that Trump’s tariffs could be devastating to many people’s lives and small businesses.
In response to the escalating trade tensions, President Trump signed an executive order imposing 25% tariffs on Canadian goods, citing Canada’s failure to address concerns about drug trafficking and immigration. Trump also proposed integrating Canada as the 51st U.S. state to avoid future tariffs, a notion rejected by Canadian leaders. The tariffs are expected to significantly impact Canada’s economy, given that approximately 75% of its exports go to the U.S., while only about 13% of American exports go to Canada.
Lutke’s support for Trump’s tariff demands and criticism of Trudeau’s response highlight the complex dynamics between Canadian leadership and the business community amid the trade dispute.
See more: nypost.com