Canadian Tariff situation gets its own thread
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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%?
wrote on 2 Feb 2025, 15:48 last edited by@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%?
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@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%?
wrote on 2 Feb 2025, 16:13 last edited by Renauda 2 Feb 2025, 16:32As 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 -
wrote on 2 Feb 2025, 16:38 last edited by
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”
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wrote on 2 Feb 2025, 17:14 last edited by
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Probably the best speech or national address Trudeau has made in his political career.
Quite a feat, the country is rallying around the Trudeau government on this.
To paraphrase Forrest Gump; And just like that, Canadians came to despise Donald Trump even more than Justin Trudeau.
wrote on 2 Feb 2025, 17:58 last edited by@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?
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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”
wrote on 2 Feb 2025, 18:05 last edited by@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.
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wrote on 2 Feb 2025, 18:06 last edited by
If you’re Canada do you have any choice but to invest in more pipelines to Pacific ports?
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wrote on 2 Feb 2025, 18:27 last edited by
@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.
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wrote on 2 Feb 2025, 18:29 last edited by
And if Trump gets the Keystone XL built, that will mean more exports to world markets.
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wrote on 2 Feb 2025, 18:32 last edited by
@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.
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wrote on 2 Feb 2025, 18:34 last edited by
@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.
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wrote on 2 Feb 2025, 18:35 last edited by jon-nyc 2 Feb 2025, 18:35
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.
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wrote on 2 Feb 2025, 18:40 last edited by Renauda 2 Feb 2025, 18:41
@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.
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@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.
wrote on 2 Feb 2025, 18:43 last edited by jon-nyc 2 Feb 2025, 18:44@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.
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@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.
wrote on 2 Feb 2025, 18:46 last edited by@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.
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@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.
wrote on 2 Feb 2025, 18:47 last edited by kluurs 2 Feb 2025, 18:48@jon-nyc said in Canadian Tariff situation gets its own thread:
Though at some point markets and inflation will force his hand.I think folks would forgive prices not decreasing - but increasing prices? - not so much especially when the layoffs come - so the twin pincers of higher prices and increased unemployment might shake even some of the faithful. Follow that with a stock market decline...
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@jon-nyc said in Canadian Tariff situation gets its own thread:
Though at some point markets and inflation will force his hand.I think folks would forgive prices not decreasing - but increasing prices? - not so much especially when the layoffs come - so the twin pincers of higher prices and increased unemployment might shake even some of the faithful. Follow that with a stock market decline...
wrote on 2 Feb 2025, 18:49 last edited by@kluurs said in Canadian Tariff situation gets its own thread:
@jon-nyc said in Canadian Tariff situation gets its own thread:
Though at some point markets and inflation will force his hand.I think folks would forgive prices not decreasing - but increasing prices? - not so much especially when the layoffs come - so the twin pincers of higher prices and increased unemployment might shake even some of the faithful. Follow that with a stock market decline... This Presidency, he can nuke the hurricanes with no one stopping him.
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@jon-nyc said in Canadian Tariff situation gets its own thread:
Though at some point markets and inflation will force his hand.I think folks would forgive prices not decreasing - but increasing prices? - not so much especially when the layoffs come - so the twin pincers of higher prices and increased unemployment might shake even some of the faithful. Follow that with a stock market decline...
wrote on 2 Feb 2025, 18:49 last edited by@kluurs said in Canadian Tariff situation gets its own thread:
@jon-nyc said in Canadian Tariff situation gets its own thread:
Though at some point markets and inflation will force his hand.I think folks would forgive prices not decreasing - but increasing prices? - not so much especially when the layoffs come - so the twin pincers of higher prices and increased unemployment might shake even some of the faithful. Follow that with a stock market decline...
His winning margin wasn't from the faithful, it was from swing voters who voted for a better economy. Maga is toast if this stuff all backfires in ways they feel.
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wrote on 2 Feb 2025, 18:50 last edited by
Swing folks are already scared.
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@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.
wrote on 2 Feb 2025, 19:00 last edited by Renauda 2 Feb 2025, 19:14Trump 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.
Autarky. An interesting and, for me at least, a disconcerting thought. The US would need unfettered sovereign access to a multitude of natural resources including fresh water to attain that goal.
Contrary to what John Bolton has said that Trump is incapable of a grand strategy, I cannot entirely rule out that a malevolent and imperialist design is what motivates Trump’s thinking.