Canadian Tariff situation gets its own thread

[blondie]

@jon-nyc Your article helped me understand the auto industry aspects of this.

[Jolly]

This may be the reason?

https://www.rebelnews.com/danielle_smith_is_canadas_only_leader_who_understands_trumps_tariffs_lorne_gunter

[Renauda]

@Jolly said in Canadian Tariff situation gets its own thread:

This may be the reason?

https://www.rebelnews.com/danielle_smith_is_canadas_only_leader_who_understands_trumps_tariffs_lorne_gunter

Danielle Smith? You have got to be kidding. She probably sold the country out when she went to Mar-I-Lago. The woman is not only an idiot but a menace.

Of course look at the source, Rebel News. Lorne Gunter and Ezra Levant. Not to mention the resident water boy and gossip for the Trump camp.

[blondie]

I logged back on to say this @Renauda. Rebel News. lol.

[Renauda]

@blondie

Yeah. Rebel News. I don’t believe even Maxine Bernier* considers it a serious news source.

*Leader of the decidedly right wing conservative/libertarian party in Canada. The People’s Party of Canada.

A tenfold more accurate assessment of Danielle Smith in this battle is here:

https://www.theglobeandmail.com/business/commentary/article-against-trumps-tariffs-premier-smith-is-not-as-smart-as-she-thinks/

[jon-nyc]

@jon-nyc said in Canadian Tariff situation gets its own thread:

I think this does answer the question about whether Trump believes his own shit about tariffs.

As Scott Lincicome from Cato Institute says, if Canadian producers will pay the tariffs, why reduce the ones on energy to 10%?

[Renauda]

@jon-nyc

As Scott Lincicome from Cato Institute says, if Canadian producers will pay the tariffs, why reduce the ones on energy to 10%?

One reason could be the fact that 69% of Canadian oil and gas energy stocks are held by Americans.

Am sure there are others

In the meantime here is an 11 minute BBC interview with Mark Carney, former Governor of the Bank of England and Bank of Canada and likely successor to Trudeau next month. This man is no fool and is not afraid to take on the WH bully:

Link to video

[xenon]

This will be interesting.

Complete destruction of trust for long term economic cooperation.

Trump saw it work with China, with the decoupling after tariffs and Covid supply chain issues.

Interesting that he’s using the same playbook on his “allies”

[kluurs]

[Doctor Phibes]

@Renauda said in Canadian Tariff situation gets its own thread:

Quite a feat, the country is rallying around the Trudeau government on this.

Is there anything Trump can't do?

[jon-nyc]

@xenon said in Canadian Tariff situation gets its own thread:

This will be interesting.

Complete destruction of trust for long term economic cooperation.

I’m old enough to remember when ‘business hates uncertainty’ was a common GOP refrain.

[jon-nyc]

If you’re Canada do you have any choice but to invest in more pipelines to Pacific ports?

[kluurs]

@jon-nyc said in Canadian Tariff situation gets its own thread:

If you’re Canada do you have any choice but to invest in more pipelines to Pacific ports?

I remember when Trump threatened Amazon with increased postal costs. At the time, over 80% of the deliveries in our area were via USPS. Now, 100% of them are by Amazon.

[kluurs]

And if Trump gets the Keystone XL built, that will mean more exports to world markets.

[LuFins Dad]

@jon-nyc said in Canadian Tariff situation gets its own thread:

If you’re Canada do you have any choice but to invest in more pipelines to Pacific ports?

If this doesn’t resolve itself within 4 weeks, sure.

[Renauda]

@jon-nyc said in Canadian Tariff situation gets its own thread:

If you’re Canada do you have any choice but to invest in more pipelines to Pacific ports?

And Atlantic ports. There’s also Hudson Bay for six month’s of the year, maybe more with climate change and global warming.

[jon-nyc]

Even if it does. Why stay exposed to the next petty tyrant?

It’s not like his base is against this. They’re watching fox with one hand in their pants and the other in their bag of potato chips. This could happen again post Trump.

[Renauda]

@kluurs said in Canadian Tariff situation gets its own thread:

And if Trump gets the Keystone XL built, that will mean more exports to world markets.

And what if he does but won’t be able to tie into the line we built to the border? Pipeline is useless without product to ship.

[jon-nyc]

@LuFins-Dad said in Canadian Tariff situation gets its own thread:

@jon-nyc said in Canadian Tariff situation gets its own thread:

If you’re Canada do you have any choice but to invest in more pipelines to Pacific ports?

If this doesn’t resolve itself within 4 weeks, sure.

Trump doesn’t want to resolve it. It’s pretty clear from his comments that fentanyl is there for the legal justification but autarky is the goal. Though at some point markets and inflation will force his hand.

[LuFins Dad]

@jon-nyc said in Canadian Tariff situation gets its own thread:

@LuFins-Dad said in Canadian Tariff situation gets its own thread:

@jon-nyc said in Canadian Tariff situation gets its own thread:

If you’re Canada do you have any choice but to invest in more pipelines to Pacific ports?

If this doesn’t resolve itself within 4 weeks, sure.

Trump doesn’t want to resolve it though events may force his hand. It’s pretty clear from his comments that fentanyl is there for the legal justification but autarky is the goal. Though at some point markets and inflation will force his hand.

As I mentioned in another thread. Trump has no compunction against pivoting and moving to a more market friendly position if he sees the tide turning against him…

He lacks the courage of his convictions at times. Feel free to make all the jokes that you would like out of that.