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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

Scheduled Pinned Locked Moved General Discussion
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  • 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

                            1 Reply Last reply
                            • RenaudaR Offline
                              RenaudaR Offline
                              Renauda
                              wrote on last edited by
                              #126

                              Not just canola farmers.

                              Elbows up!

                              1 Reply Last reply
                              • Doctor PhibesD Online
                                Doctor PhibesD Online
                                Doctor Phibes
                                wrote on last edited by
                                #127

                                I'm struggling to identify people who are going to do well out of this.

                                I was only joking

                                1 Reply Last reply
                                • B Offline
                                  B Offline
                                  blondie
                                  wrote on last edited by blondie
                                  #128

                                  @Doctor-Phibes Doug Ford just sacrificed 15,000 souls in Ontario. Let’s hope they get coverage soon. This is likely pennies to Elon. https://www.cbc.ca/news/canada/toronto/ford-ripping-up-province-contract-with-starlink-1.7448763

                                  RenaudaR 1 Reply Last reply
                                  • B blondie

                                    @Doctor-Phibes Doug Ford just sacrificed 15,000 souls in Ontario. Let’s hope they get coverage soon. This is likely pennies to Elon. https://www.cbc.ca/news/canada/toronto/ford-ripping-up-province-contract-with-starlink-1.7448763

                                    RenaudaR Offline
                                    RenaudaR Offline
                                    Renauda
                                    wrote on last edited by Renauda
                                    #129

                                    @blondie

                                    I guess TELUS, Rogers and Bell are going to have to actually make an investment in their backyard now.

                                    Edit:

                                    Watching that bastard Trump pontificating and playing the victim again from the Oval Office on CBC Newsworld. He’s back again on us becoming the 51st state but can’t understand why 90% + of country are not interested or would even consider it. He really appears sad and hurt. I really hope he’s just as offended as that Fox News asshole was ten days ago when Ford told him the same.

                                    Elbows up!

                                    1 Reply Last reply
                                    • jon-nycJ Online
                                      jon-nycJ Online
                                      jon-nyc
                                      wrote on last edited by
                                      #130

                                      Listen very carefully for the words ‘fentanyl’ and ‘border’.

                                      Yeah, me neither.

                                      Only non-witches get due process.

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

                                        Listen very carefully for the words ‘fentanyl’ and ‘border’.

                                        Yeah, me neither.

                                        Doctor PhibesD Online
                                        Doctor PhibesD Online
                                        Doctor Phibes
                                        wrote on last edited by
                                        #131

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

                                        Listen very carefully for the words ‘fentanyl’ and ‘border’.

                                        Yeah, me neither.

                                        The assumption when he first brought this up was that it was a rather unfunny joke. Even I don't repeat unfunny jokes that often.

                                        I was only joking

                                        1 Reply Last reply
                                        • B Offline
                                          B Offline
                                          blondie
                                          wrote on last edited by
                                          #132

                                          A Leader Supreme. His life goal. Modelled from Putin.
                                          A delusional narcissist.

                                          1 Reply Last reply
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