Trump Tariff Watch

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I would just add the word “non-existent” in front of “profit” in his last sentence.

"U.S. President Donald Trump took to social media while the ceremony was underway to boast about the improved deal his country received from Canada. He also mentioned U.S. officials being disinvited from the opening ceremonies in Windsor today over his 50 per cent tariff threat.

“Canada disinvited the United States of America to the opening of the Gordie Howe Bridge, which is fine, considering they are paying substantial TARIFFS to the United States,” Trump posted.

He went on to say the initial bridge deal, approved by former U.S. president Barack Obama back in 2012, was “terribly negotiated,” but he managed to get a better deal.

“We changed the terms of the Deal so that the United States of America now gets 50 [per cent] of the profit,” he said.

From the article but hasn’t stopped Trump before.

"But she noted that tariffs needed to be based in international trade law and “there’s absolutely no basis in trade law for wildfire smoke.”

“So while he’s getting an impact from it, I don’t see even the most peculiar gymnastics by [U.S. Trade Representative] Jamieson Greer figuring out a way to translate those [threats] into cross-border trade tariffs.”

https://www.cbc.ca/news/world/trump-vows-wildfire-smoke-tariffs-canada-9.7282977

US labour unions opposing US tariffs is a change.

I’d think it would be in their best interests. If the auto industries die in Canada and Mexico, I’m thinking the doors would open wide to Chinese imports similar to Australia. That ends up cutting into US exports and may accelerate the collapse of US auto companies.

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The way American cars are built, a lot of parts go back and forth over the border. No parts, no cars built, no jobs.

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Canada’s overall economy bouncing back despite Trump tariff war. Some sectors are hurting though.

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Nice to know it’s not just Canada that’s getting mistreated…

But Canada is the “nastiest”.

Maybe Trump should grab Canada by the pussy.

Trump has lost the economic war with Canada as there will not be enough of a win, if any, for him to boast about. That won’t stop him lying about what a great deal he got but Carney is smart enough not to correct his lies.

Trump will boast about how he got American booze back on Canadian shelves but, like the Strait of Hormuz, he is not even getting back to the status quo as some Canadian consumers will continue to boycott US products.

Trump will boast he increased the Canadian market for US dairy farmers but this will be just an administrative amendment that gives US farmers equal opportunities as US food corporations to sell to Canada.The total amount of duty-free access is unlikely to increase as that would be political suicide in Canada.

There will probably continue to be US tariffs on large Canadian exports such as steel, aluminum, cars and softwood lumber but Canada can adapt to that.

The Republicans probably want a big win on the trade side before November: Carney has a five year mandate and the Canadian economy is performing well so less pressure to sign a bad deal.

Like Iran, this will not be a win for Trump.

Your CBC sounds optimistic.

https://www.cbc.ca/news/politics/canada-u-s-booze-bans-trade-negotiations-9.7299529

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It’s easy to stop a trade ban when it won’t affect new purchasing habits anyway. Win win.

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This Australian situation sounds a lot like our lumber, steel and aluminum exports. Canada is more competitive than the US in these products so powerful US vested interests ensure that punitive tariffs get slapped on them. The US industries that use these imports pay more so the consumer does as well. Demand goes down along with US manufacturing jobs.

The US and Canadian economies would both be on fire right now without these stupid tariffs.

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Poilievre would have had a great trade deal for Canada with Trump by now! :roll_eyes:

Although I fear too much has already been conceded in the pursuit of what might be a meaningless deal.

https://www.cbc.ca/news/politics/poilievre-letter-to-carney-u-s-trade-tariff-talks-9.7301078

Latest update from Tax foundation.

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Trombones: “wah-waaaah.”

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