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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. Canadian Tariff situation gets its own thread

Canadian Tariff situation gets its own thread

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  • LuFins DadL LuFins Dad

    I do suspect a universal tariff of 3-4% may be coming. I wonder if this is a big show to prep our allies that they can and will be tariffed, and maybe to get them to feel like 3% ain’t that bad.

    JollyJ Offline
    JollyJ Offline
    Jolly
    wrote on last edited by
    #106

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

    I do suspect a universal tariff of 3-4% may be coming. I wonder if this is a big show to prep our allies that they can and will be tariffed, and maybe to get them to feel like 3% ain’t that bad.

    It's an opening gambit of some kind.

    Typical Trump.

    “Cry havoc and let slip the DOGE of war!”

    Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

    RenaudaR 1 Reply Last reply
    • jon-nycJ Online
      jon-nycJ Online
      jon-nyc
      wrote on last edited by
      #107

      IMG_2722.jpeg

      Only non-witches get due process.

      • Cotton Mather, Salem Massachusetts, 1692
      1 Reply Last reply
      • JollyJ Jolly

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

        I do suspect a universal tariff of 3-4% may be coming. I wonder if this is a big show to prep our allies that they can and will be tariffed, and maybe to get them to feel like 3% ain’t that bad.

        It's an opening gambit of some kind.

        Typical Trump.

        RenaudaR Offline
        RenaudaR Offline
        Renauda
        wrote on last edited by
        #108

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

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

        I do suspect a universal tariff of 3-4% may be coming. I wonder if this is a big show to prep our allies that they can and will be tariffed, and maybe to get them to feel like 3% ain’t that bad.

        It's an opening gambit of some kind.

        Typical Trump.

        No, it’s playing the aggrieved victim.

        Typical Trump demagoguery .

        But you already knew that.

        Elbows up!

        1 Reply Last reply
        • jon-nycJ Online
          jon-nycJ Online
          jon-nyc
          wrote on last edited by
          #109

          No he didn’t. Jolly’s a True Believer.

          Only non-witches get due process.

          • Cotton Mather, Salem Massachusetts, 1692
          RenaudaR 1 Reply Last reply
          • jon-nycJ jon-nyc

            No he didn’t. Jolly’s a True Believer.

            RenaudaR Offline
            RenaudaR Offline
            Renauda
            wrote on last edited by Renauda
            #110

            @jon-nyc

            You’re probably right although the true belief tends towards the irrational - ostensibly approaching a fanatical zeal.

            Elbows up!

            1 Reply Last reply
            • JollyJ Offline
              JollyJ Offline
              Jolly
              wrote on last edited by
              #111

              No, but Jolly doesn't think this has played out. At all.

              Jolly also thinks the threat of tariffs + legislation to lower tax rates on corporations who move or build plants in the U.S., will lead to more jobs, more educated legal immigrants and a better strategic position.

              “Cry havoc and let slip the DOGE of war!”

              Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

              1 Reply Last reply
              • RenaudaR Offline
                RenaudaR Offline
                Renauda
                wrote on last edited by Renauda
                #112

                Jolly also thinks the threat of tariffs + legislation to lower tax rates on corporations who move or build plants in the U.S., will lead to more jobs, more educated legal immigrants and a better strategic position.

                Okay, so you support indiscriminate extortion as a legitimate means of conducting diplomacy and US foreign policy with partners and allies. I can only surmise that you also applaud it when other large and powerful countries employ extortion or coercion to advance their interests.

                Got it. I more than just suspect now that you really are an irrational fanatic.

                Elbows up!

                1 Reply Last reply
                • jon-nycJ jon-nyc

                  If you listen to the administration it seems like the fentanyl stuff, at least with respect to Canada, was necessary as a legal basis for tariffs under Trump’s rebranded NAFTA. But many of his comments seem to indicate a concern about trade deficits if not the very idea of imports, which he considers subsidies.

                  That’s why I asked the question ‘where are these demands?’

                  I don’t think any have been made, since that would require some coherent goal in the first place.

                  RenaudaR Offline
                  RenaudaR Offline
                  Renauda
                  wrote on last edited by Renauda
                  #113

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

                  If you listen to the administration it seems like the fentanyl stuff, at least with respect to Canada, was necessary as a legal basis for tariffs under Trump’s rebranded
                  That’s why I asked the question ‘where are these demands?’

                  I don’t think any have been made, since that would require some coherent goal in the first place.

                  It now seems the big irritant might actually be banking. Trump incoherently ranted about it for this first time last night during the airport tarmac scrum. Trudeau and Trump spoke over the phone and are scheduled to speak again later this afternoon at 3 pm EST. Mexico earlier delayed the tariffs by agreeing to deploy 10 K troops along the southern border. Some similar sort of off-ramp might be taking shape here.

                  To be frank though, I am not optimistic. Especially if it concerns banking regulations. Any change to those would require a Parliamentary Act of amendment. Something that cannot happen anytime soon. In fact, not until after a general election that may or may not deliver a majority government.

                  Until this point, Trump has framed the tariffs as a way to hit back at Canada for the ongoing trade deficit and supposed inaction on drugs and migrants crossing the northern border into the U.S. — his stated concerns about banking fairness are a new development.

                  A number of American banks do business in Canada with large lending and commercial and investment banking operations, among other functions, on this side of the 49th parallel.

                  Personal banking in Canada is largely the domain of Canadian-based banks, due to stringent federal regulations designed to protect against bank failures. According to government figures, Canada's large banks hold more than 93 per cent of all domestic banking assets.

                  https://www.cbc.ca/news/politics/trudeau-trump-speak-trade-war-1.7448805

                  Elbows up!

                  1 Reply Last reply
                  • jon-nycJ Online
                    jon-nycJ Online
                    jon-nyc
                    wrote on last edited by
                    #114

                    IMG_2726.jpeg

                    Only non-witches get due process.

                    • Cotton Mather, Salem Massachusetts, 1692
                    MikM 1 Reply Last reply
                    • jon-nycJ jon-nyc

                      IMG_2726.jpeg

                      MikM Offline
                      MikM Offline
                      Mik
                      wrote on last edited by
                      #115

                      @jon-nyc 😆

                      “I am fond of pigs. Dogs look up to us. Cats look down on us. Pigs treat us as equals.” ~Winston S. Churchill

                      1 Reply Last reply
                      • RenaudaR Offline
                        RenaudaR Offline
                        Renauda
                        wrote on last edited by Renauda
                        #116

                        😆

                        Hey Mik, are your relatives on The Rock telling you anything about this Trump initiated shit show?

                        Their Premier, by any means no fool, is militant in his open condemnation of Trump.

                        Elbows up!

                        MikM 1 Reply Last reply
                        • B Offline
                          B Offline
                          blondie
                          wrote on last edited by blondie
                          #117

                          @Renauda More than likely, I think Trump saw a clip of Mark Carney speaking, and squirreled off reacting, thinking, wanting to engage with him after Trudeau exits. Or perhaps a Canadian bank denied him a loan once, twice, 3x back when and he’s still pissed. As for American banks, they’ve had a presence in Canada since the 1970s, early 80s. My mom (a former Chase corporate lender) helped open their YYC branch. I’d trust our federal government (whoever is running the show) to safe guard our Canadian banking, that includes personal banking. We’ve a pretty solid system. Trump isn’t the only person/country wanting a piece of it.

                          RenaudaR 1 Reply Last reply
                          • B Offline
                            B Offline
                            blondie
                            wrote on last edited by
                            #118

                            @jon-nyc Okay, deal done. Take our Geese. Every single fvcking one!

                            1 Reply Last reply
                            • B blondie

                              @Renauda More than likely, I think Trump saw a clip of Mark Carney speaking, and squirreled off reacting, thinking, wanting to engage with him after Trudeau exits. Or perhaps a Canadian bank denied him a loan once, twice, 3x back when and he’s still pissed. As for American banks, they’ve had a presence in Canada since the 1970s, early 80s. My mom (a former Chase corporate lender) helped open their YYC branch. I’d trust our federal government (whoever is running the show) to safe guard our Canadian banking, that includes personal banking. We’ve a pretty solid system. Trump isn’t the only person/country wanting a piece of it.

                              RenaudaR Offline
                              RenaudaR Offline
                              Renauda
                              wrote on last edited by Renauda
                              #119

                              @blondie

                              That’s a strong possibility. I am all but certain that Carney will win the Liberal leadership race in March. Even it if Carney is a short lived PM, Trump will have to engage with him on this conflict.

                              It could be interesting too. Trump inadvertently might well ensure Carney carry the Liberals back into a majority government in Ottawa. Outside of Alberta and Saskatchewan, confidence in Poilievre’s ability to form a government and manage relations with Trump is rapidly diminishing or, as in case of Quebec, non existent. If Poilievre cannot hold his popularity Ontario he is politically dead in the water.

                              Elbows up!

                              1 Reply Last reply
                              • B Offline
                                B Offline
                                blondie
                                wrote on last edited by
                                #120

                                @Renauda I’m sure many Canadians on both sides saw Carney speak. Yup, Poilievre should be worried.

                                1 Reply Last reply
                                • jon-nycJ Online
                                  jon-nycJ Online
                                  jon-nyc
                                  wrote on last edited by
                                  #121

                                  My understanding is from election to inauguration of Trump the conservatives dropped from 25% lead to 2%.

                                  Only non-witches get due process.

                                  • Cotton Mather, Salem Massachusetts, 1692
                                  1 Reply Last reply
                                  • B Offline
                                    B Offline
                                    blondie
                                    wrote on last edited by
                                    #122

                                    @jon-nyc I’m sensing there are many worried Canadians, the newcomers, the under/unemployed, the woke, the young ones, .. they fear the conservatives. Trudeau cradled so many.

                                    1 Reply Last reply
                                    • taiwan_girlT Offline
                                      taiwan_girlT Offline
                                      taiwan_girl
                                      wrote on last edited by
                                      #123

                                      This thread is as good a place as any to post this

                                      Sen. Chuck Grassley (R-Iowa) on Monday asked President Trump for an exemption for farmers on the sweeping tariffs he imposed over the weekend.

                                      Why it matters: Republican lawmakers from agricultural states may find themselves in a tough spot as they try to avoid going against their party leader, while still protecting their constituents.

                                      American Farm Bureau President Zippy Duvall said in a statement over the weekend that "farmers and rural communities will bear the brunt of retaliation" from the tariffs.

                                      https://www.axios.com/2025/02/03/grassley-trump-tariffs-congress-farm-states

                                      taiwan_girlT 1 Reply Last reply
                                      • jon-nycJ Online
                                        jon-nycJ Online
                                        jon-nyc
                                        wrote on last edited by
                                        #124

                                        Doesn’t he know that Canada pays for the tariffs? Hasn’t some magaconomist educated him on the subject?

                                        Only non-witches get due process.

                                        • Cotton Mather, Salem Massachusetts, 1692
                                        1 Reply Last reply
                                        • B Offline
                                          B Offline
                                          blondie
                                          wrote on last edited by blondie
                                          #125

                                          Right now I’m sure Canadian canola farmers are making their decisions of what & how much to plant this year. They will suffer.

                                          I’m just learning how complex the cross border beef industry is too.
                                          https://www.cbc.ca/news/canada/calgary/tariffs-alberta-beef-canola-1.7448373

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