Canadian Prime Minister Pierre Trudeau gave the Canadian response in a television broadcast on Friday to the United States' newly-imposed ten per cent surcharge on imports.
GV Ottawa Parliament building
MCU Trudeau SPEAKING (SOF)
TRANSCRIPT: (SEQ. 2): TRUDEAU: "Our message to the United States Government is quite simple. We understand your problem. We sympathise wholeheartedly with your goal of a healthy economy. We suggest only that the application of your surcharge to Canadian exports contributes in no way to the attainment of that goal. A weak Canadian economy is of no help to the United States. Unemployed Canadians cannot afford to buy U.S. goods. At the present time, as for several years past, United States exports to Canada are comparable to the combined total of all American sales to Japan, Germany, Britain and France. We buy about one quarter of all United States exports. Without our market, the United States economy would be in a much more serious difficulty than it now finds itself".
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Background: Canadian Prime Minister Pierre Trudeau gave the Canadian response in a television broadcast on Friday to the United States' newly-imposed ten per cent surcharge on imports.
In Washington on Thursday American Treasury Secretary John Conally refused to grant any exemption for Canadian goods from the surcharge.
In the following extract, Prima Minister Trudeau stressed the unique value of the Canadian market to the United States.