Yeah, that’s pretty much what I meant.
Company’s dropping profits can also be attributed to decreased demand due to price increases. With a 35ish% tariff I’d expect it to be more this.
True. Then they lower the prices to meet demand, essentially paying for the tariffs.
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Also true for the Fox news website. It’s much better than the idiocy on their TV channel.
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I am still seething over how the EU just rolled over for Trump. The rest of the world would have had a better chance in negotiations if EU had shown some backbone.
Canada-US trade talks have lost all urgency as Carney will not accept a bad deal. Canada’s steel, aluminum, automobile and lumber industries are hurting because of the massive special tariffs the US has slapped on them but other industries are fine as CUSMA/USMCA protects them for another year.
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I had to go look for the quote. It is here, start around 15:45 Watch CNBC's full interview with President Donald Trump
Perhaps some of the politicians will start to ramp up the heat on the U.S. Lets not forget that there’s 3-4 states that get a decent amount of electricity from Ontario and Quebec. that’s a start.
I also think it would be interesting to threaten to sever the ability of the U.S. to drive through BC to Alaska. Just threaten it in a taco sort of way.
They agreed to a framework, but doesn’t it need member state agreement? So, in 2 weeks or so maybe…
It may well fall apart. France and Germany seem to be unhappy with it. It is not even clear what US tariffs will apply to steel and aluminum, for example, or how some other aspects will work. I would be happy to see it fall apart.
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Part of me believes the rest of the world still views this all as temporary, assuming the next administration will just do something different.
This is mostly about keeping Trump supplying US weapons for Ukraine. The EU cannot fill in that gap anytime soon so it has to play for time.
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It’s what, another 3.5 years? Canada’s got to make permanent changes, now. Not temporary changes and hope for the best later.
Plus the biggest permanent change is being aware that the US is untrustworthy as a partner in most things - and that’s not going to change tomorrow or with the next administration. Any future plans have to have an element of ‘what if the US just goes crazy, how are we prepared’.
I don’t think we’re coming back to where we were, not in the forseeable future.
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Eh, just not how politics works. It’s all shortsighted imo. Agree 100% with the rest of your post though. US reputation is screwed for at least the next decade.
So India is now 50%
China buys a lot more oil from Russia than India but I can’t see the US slapping 50% tariffs on them unless the current trade talks sour. Turkey is probably safe as well.
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Isn’t China already at over 50% tariffs
China is at 30% on most goods during this negotiation period. No reason the 25% couldn’t be tacked on. Some other countries have tariffs on top of tariffs.
Sorry that Bicks is in a pickle but they need to complain to Trump or process their pickles in Canada. That’s what they used to do.
We had switched to local pickles even before the tariff on imported pickles hit.
https://www.cbc.ca/news/canada/edmonton/bicks-pickles-tariffs-canadian-stores-1.7605005
One thing about the tariffs:
If Trump loses his legal cases surrounding some of them (its not clear how it will go at this moment) there is going to be a massive bill to pay for the US because every single country affected will demand reparations.