Wednesday, 10 September 2025
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Trump says Golden Dome to cost Canada $61 bln, but free if it gives up sovereignty
Wednesday, 28 May 2025 13:36 WIB | ECONOMY |Amerika

U.S. President Donald Trump said on Tuesday that it would cost Canada $61 billion to be part of his proposed "Golden Dome" missile defense system, but that it would be free if the country became the 51st U.S. state.

"I told Canada, which very much wants to be part of our fabulous Golden Dome System, that it will cost $61 Billion Dollars if they remain a separate, but unequal, Nation, but will cost ZERO DOLLARS if they become our cherished 51st State," Trump said in a post on Truth.social, claiming that Canada was "considering the offer."

Trump's comment comes after Canadian Prime Minister Mark Carney last week expressed some interest in investing in the Golden Dome project, which is slated to cost about $175 billion.

Trump's comments on Canada's sovereignty are the latest in the president's claims that Canada could become the 51st U.S. state- a claim that has been categorically rejected by Canada.

A spokesperson for Carney reiterated the country's sovereignty, according to a comment carried by the Financial Times.

Canada and the U.S. already have a defense agreement– the North American Aerospace Defense Command (NORAD), which includes measures to detect ballistic missile attacks.

Trump's proposed Golden Dome system plans to establish interceptors in space to protect the U.S. against advanced threats such as intercontinental ballistic missiles, hypersonic missiles, and long-range cruise missiles.

Trump has vowed to complete the project by the end of his term.

Source: Investing.com

RELATED NEWS
US Nonfarm Payrolls benchmark revision points to 911,000 decrease in March 2025 level of employment...
Tuesday, 9 September 2025 21:13 WIB

The US Bureau of Labor Statistics reported on Tuesday that the preliminary estimate of the Current Employment Statistics (CES) national benchmark revision to total Nonfarm employment for March 2025 is...

Potential Trump tariff refund bill could top $1 trillion as Supreme Court fight looms...
Tuesday, 9 September 2025 05:05 WIB

The United States government has already collected tens of billions of dollars from President Donald Trump's "reciprocal tariffs." But that money and a lot more could end up being refunded if the Sup...

Putin says foreign troops in Ukraine would be legitimate targets...
Saturday, 6 September 2025 01:10 WIB

Ukrainian President Volodymyr Zelenskiy said on Friday thousands of foreign troops could be deployed to his country under post-war security guarantees, but Russian leader Vladimir Putin said Moscow wo...

U.S. adds 22,000 jobs in August...
Friday, 5 September 2025 20:07 WIB

The U.S. economy added fewer jobs than anticipated in August, possibly bolstering the case for the Federal Reserve to slash interest rates at its next policy meeting later this month. Data from the L...

Trump pressures European leaders over Russian oil purchases, White House official says...
Friday, 5 September 2025 03:44 WIB

U.S. President Donald Trump told European leaders on Thursday that Europe must stop buying Russian oil that he said is helping Moscow fund its war against Ukraine, a White House official said, strikin...

LATEST NEWS
Silver Firms Up on Fed Rate Cut Bets

Silver climbed above $41 per ounce on Wednesday, holding near 14-year highs as traders increased wagers on US Federal Reserve rate cuts. On Tuesday, the Bureau of Labor Statistics reported the US economy likely added 911,000 fewer jobs in the 12...

Hang Seng Index surges past 26,000 points following strong performance from Alibaba

The Hang Seng Index opened higher today, gaining 104 points to reach 26,042, before extending its rise by 227 points, or 0.87%, to settle at 26,165. This marks the index's fourth consecutive day of increases. The Hang Seng China Enterprises Index...

Oil Prices Rise, Markets Uneasy After Israeli Attack on Qatar

World oil prices rose again in Asian trading on Wednesday (September 10th) after an Israeli attack on Hamas leaders in Doha, Qatar, sparked concerns about escalating tensions in the Middle East. This attack pushed oil prices up by 2% on Tuesday...

POPULAR NEWS
Will Nonfarm Payrolls revisions hint at a 50 bps Fed cut next week
Tuesday, 9 September 2025 04:05 WIB

The United States (US) Bureau of Labor Statistics (BLS) will publish the 2025 preliminary benchmark revision to the Establishment Survey Data on...

Russian Forces Attack Power Plant In Kyiv Region, Ukraine's Energy Ministry Says
Monday, 8 September 2025 17:12 WIB

Russian forces attacked a thermal power plant in the Kyiv region as part of an overnight attack, Ukraine's Energy Ministry said on Monday,...

United States Stock Market Rise Ahead Inflation data
Tuesday, 9 September 2025 03:36 WIB

Wall Street kicked off the week with gains on Monday as investors positioned ahead of a data-heavy week that includes two key inflation reports...

European shares end higher amid all eyes on French no-confidence vote
Tuesday, 9 September 2025 01:52 WIB

European shares finished higher on Monday, while French stocks also rose as investors stayed calm in the run-up to a no-confidence vote later in the...