Canadian Tariff situation gets its own thread
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@Renauda said in Canadian Tariff situation gets its own thread:
Mr. Trump sometimes sounds as if the U.S. shouldn’t import anything at all, that America can be a perfectly closed economy making everything at home. This is called autarky, and it isn’t the world we live in, or one that we should want to live in, as Mr. Trump may soon find out.
If this were 1700's, then maybe you can be like that. But in the 2000's, it is impossible. Even DPRK, which has its' self proclaimed "juche" (self reliance) does not follow it.
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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.
The Brad
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@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.
Always remember, Operation Valkyrie was an act of sedition.
Warning: I post things that interest me. Read and comment at your own discretion. -
@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.
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“Don’t make me repeat myself”
- history
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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.
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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.
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@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
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“Don’t make me repeat myself”
- history
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‘a-blowe yow and be-kele yow wel, and comyth up all with your ease’ ~ attributed to Henry V
