Canadian Tariff situation gets its own thread
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Alcoa is a global leader in aluminum production, operating facilities in multiple countries. Approximately 81% of Alcoa’s aluminum smelting capacity is located outside the United States, highlighting the company’s significant international manufacturing footprint. 
Key Overseas Operations:
• Canada: Alcoa operates three primary aluminum smelters in Canada, accounting for nearly one-third of the country’s total primary smelting capacity. 
• Australia: The company has significant alumina refining operations in Australia.
• Iceland, Norway, and Spain: Alcoa maintains aluminum production facilities in these countries, contributing to its global production capacity.This extensive overseas presence allows Alcoa to effectively serve diverse markets and leverage regional advantages in raw materials and energy resources.
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Alcoa CEO is a biased source, but he says a 25% tariff would cost 100,000 US jobs - and that’s just in the aluminum industry.
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Trump’s “bigliest” tantrum continues unabated:
Trump writes: "Why would our Country allow another Country to supply us with electricity, even for a small area?"
"Can you imagine Canada stooping so low as to use ELECTRICITY, that so affects the life of innocent people, as a bargaining chip and threat?
"They will pay a financial price for this so big that it will be read about in History Books for many years to come!"
https://www.bbc.com/news/live/cly412xwz44t
I don’t think that’s just a joke.
Nor does anyone in Canada other than perhaps the Bloc Québécois leader, Yves-Francois Blanchet, who just thinks it’s the petulance of an immature ignoramus.
English Canada takes it as a genuine threat.
Will be interesting to see who the incoming PM, Mark Carney, brings into his Cabinet in the coming days. It may very well include people affiliated with or from other federal parties. If so, that says a lot as to where we are prepared to take the sanctions and threats against us.
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Apparently Nutlick phoned Ford this pm and invited him to Washington on Thursday to see what could be worked out. As a sign of good faith Ford cancelled the 25% surtax on electricity. The Federal Finance Minister, Dominic LeBlanc, and Ford together will attend Thursday’s pow wow in Washington. I suspect Nutlick and possibly Navarro will head the US side. I think the Canadian position will be to keep all threats of tariffs on hold and all parties agree to begin to undertake the formal process to renegotiate CUSMA. This nonsense has got to stop. The sooner the better as well.
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Secretary of State Marco Rubio says tariffs are not there to "punish" other countries, but steel and aluminium are "national security concerns" for the US
David Frum would describe the above as a “Trumpsplaining opioid dispenser”.
Others, like myself, describe it more crudely as unmitigated B. S..
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Madman Economic Theory.
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EU retaliates on US imports into Europe:
The EU duties aim for pressure points in the U.S. while minimizing additional damage to Europe. The tariffs — taxes on imports — primarily target Republican-held states, hitting soybeans in House Speaker Mike Johnson's Louisiana, and also beef and poultry in Kansas and Nebraska. Produce in Alabama, Georgia and Virginia is also on the list.
https://www.cbc.ca/news/world/trump-europe-trade-retaliaton-1.7481215
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Any American victory with these tariffs will be a pyrrhic one. I hope Trump's ego doesn't get too entangled in a refusal to back down, because that's not good for anybody, least of all America.
@Horace said in Canadian Tariff situation gets its own thread:
Any American victory with these tariffs will be a pyrrhic one. I hope Trump's ego doesn't get too entangled in a refusal to back down, because that's not good for anybody, least of all America.
Agreed. And I’m hoping someone can get him to pull our hand off the hot stove before we disfigure it.
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This morning Trumpigula even dunked on the Irish PM that Ireland’s low corporate taxes to attract foreign investment are very unfair to America.
Ireland with a population 5 million, unfair to the US? Give us all fucking break…
https://www.bbc.com/news/articles/c5yrjg1d7z1o
…..Trump playing the victim is not working now and will not work in future
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Travelers are responding with their wallets. New bookings to the United States from Canada have declined about 20% since February 1 compared with the year-ago period, according to Forward Keys, a flight ticketing data firm.
United Airlines (UAL.O) CEO Scott Kirby said on Tuesday the company has adjusted its capacity due to a big drop in incoming traffic from Canada.
"We've lost a lot of interest in going to the States in general," said Allyson C., 34, from Vancouver, who canceled her family's summer vacation to Washington, D.C., citing the on-again, off-again tariffs and the U.S. exchange rate.
This worries the U.S. travel industry. Inbound travel to the United States is still just 90% of pre-pandemic levels, Geoff Freeman, CEO of the U.S. Travel Association, said in an interview.
No other country's residents go to the United States more than Canada, which notched 20.4 million visits in 2024. Canadian travelers also spend three times more on vacations than domestic U.S. travelers, said Freeman.
