The Tarriff Hype.

spaminator

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U.S. tariffs potentially devastating for Canadian businesses: CME poll
Author of the article:Canadian Press
Canadian Press
Published Dec 19, 2024 • 1 minute read

A new report by Canadian Manufacturers and Exporters says the tariffs threatened by U.S. president-elect Donald Trump could be potentially devastating for Canadian businesses and workers.
A new report by Canadian Manufacturers and Exporters says the tariffs threatened by U.S. president-elect Donald Trump could be potentially devastating for Canadian businesses and workers,
OTTAWA — A new report by Canadian Manufacturers and Exporters says the tariffs threatened by U.S. president-elect Donald Trump could be potentially devastating for Canadian businesses and workers.


The report based on a poll of more than 300 manufacturers says nearly nine in 10 Canadian manufacturers would face significant or very severe impacts if the U.S. imposes tariffs on Canadian imports.

Trump has threatened to impose a 25 per cent tariff on all imports from Canada and Mexico once he takes power next month if the countries do not stop the flow of migrants and illegal drugs into the U.S.

The CME poll finds Canadian manufacturers are already taking pre-emptive measures to mitigate tariff risks ahead of the inauguration.

It says 30 per cent are accelerating shipments to the U.S., while another 30 per cent say they have postponed planned investments.

The report also says 48 per cent of manufacturers will consider a hiring freeze or layoffs if the tariffs are implemented and 46 per cent will consider postponing or cancelling planned capital investments.
 

petros

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U.S. tariffs potentially devastating for Canadian businesses: CME poll
Author of the article:Canadian Press
Canadian Press
Published Dec 19, 2024 • 1 minute read

A new report by Canadian Manufacturers and Exporters says the tariffs threatened by U.S. president-elect Donald Trump could be potentially devastating for Canadian businesses and workers.
A new report by Canadian Manufacturers and Exporters says the tariffs threatened by U.S. president-elect Donald Trump could be potentially devastating for Canadian businesses and workers,
OTTAWA — A new report by Canadian Manufacturers and Exporters says the tariffs threatened by U.S. president-elect Donald Trump could be potentially devastating for Canadian businesses and workers.


The report based on a poll of more than 300 manufacturers says nearly nine in 10 Canadian manufacturers would face significant or very severe impacts if the U.S. imposes tariffs on Canadian imports.

Trump has threatened to impose a 25 per cent tariff on all imports from Canada and Mexico once he takes power next month if the countries do not stop the flow of migrants and illegal drugs into the U.S.

The CME poll finds Canadian manufacturers are already taking pre-emptive measures to mitigate tariff risks ahead of the inauguration.

It says 30 per cent are accelerating shipments to the U.S., while another 30 per cent say they have postponed planned investments.

The report also says 48 per cent of manufacturers will consider a hiring freeze or layoffs if the tariffs are implemented and 46 per cent will consider postponing or cancelling planned capital investments.
Yup so how are the border issues and fentanyl crackdown coming along?

Canada isn't renewing 5 million foreign worker visas in 2025. How will this be enforced?

If the US has to pickup Canadian slack on keeping them from crossing borders illegally into the US, we'll pay for it through tariffs.
 

Dixie Cup

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U.S. tariffs potentially devastating for Canadian businesses: CME poll
Author of the article:Canadian Press
Canadian Press
Published Dec 19, 2024 • 1 minute read

A new report by Canadian Manufacturers and Exporters says the tariffs threatened by U.S. president-elect Donald Trump could be potentially devastating for Canadian businesses and workers.
A new report by Canadian Manufacturers and Exporters says the tariffs threatened by U.S. president-elect Donald Trump could be potentially devastating for Canadian businesses and workers,
OTTAWA — A new report by Canadian Manufacturers and Exporters says the tariffs threatened by U.S. president-elect Donald Trump could be potentially devastating for Canadian businesses and workers.


The report based on a poll of more than 300 manufacturers says nearly nine in 10 Canadian manufacturers would face significant or very severe impacts if the U.S. imposes tariffs on Canadian imports.

Trump has threatened to impose a 25 per cent tariff on all imports from Canada and Mexico once he takes power next month if the countries do not stop the flow of migrants and illegal drugs into the U.S.

The CME poll finds Canadian manufacturers are already taking pre-emptive measures to mitigate tariff risks ahead of the inauguration.

It says 30 per cent are accelerating shipments to the U.S., while another 30 per cent say they have postponed planned investments.

The report also says 48 per cent of manufacturers will consider a hiring freeze or layoffs if the tariffs are implemented and 46 per cent will consider postponing or cancelling planned capital investments.
Well, it's up to Trudy to fix the border. Will he fix it or will he fight it instead & destroy our economy b'cuz he's too arrogant to admit that his policies suck?
 
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Dixie Cup

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Why did I have to learned this from the British? So our jet powered media can keep whining after the plane landed?

Canada announces new border rules following Trump tariff threat​


  • BBC News
  • 18 December 2024, 01:38 GMT
    Updated 18 December 2024, 01:44 GMT
Canada has promised to implement a set of sweeping new security measures along the country's US border, including strengthened surveillance and a joint "strike force" to target transnational organised crime.

The pledge follows a threat from President-elect Donald Trump to impose, when he takes office in January, a 25% tariff on Canadian goods if the country does not secure its shared border to the flow of irregular migrants and illegal drugs.

Economists say such tariffs could strike a blow to Canada's economy.

Announcing details of the plan, Canada's minister of finance and intergovernmental affairs said the federal government would devote C$1.3bn ($900m; £700m) to the plan.
Well, if true, we don't have to worry about the tariff then right? No big deal.
 
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Jinentonix

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Have you noticed they don't mention the part about "control your border and come down on fentanyl or Ill impose 25% tariffs"? The whole reason for imposing tariffs. Its getting sickening fed cis mis disinformation 24/7
And yet this idiot, half-wit, sub-moronic govt wants to decrim fentanyl nationally, if they already haven't.
And it's not just fentanyl Trump is pissed about. China is using Canada as a 3rd country exporter to circumvent US tariffs and bans on various Chinese goods. Shit arrives from China then it's shipped to the US marked "Product of Canada".
Trump or not, Canada needs to completely de-couple form China. They've been waging grey-zone warfare against us (and the rest of the West) for YEARS now. Time to end any and all relations with China.
 

spaminator

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How Trump could declare a national emergency to hit Canada with 25 per cent tariffs
Author of the article:Canadian Press
Canadian Press
Kelly Geraldine Malone
Published Jan 11, 2025 • 4 minute read

WASHINGTON — United States president-elect Donald Trump may declare a national emergency in order to turn his threat to slap Canada with 25 per cent across-the-board tariffs into a reality.


With less than two weeks to go until Trump returns to the White House, it’s still not clear how the Republican leader will enact his tariff agenda. Greta Peisch, the former general counsel for the Office of the U.S. Trade Representative, said the incoming president could use the International Economic Emergency Powers Act (IEEPA).

“When you look at the link that the president-elect makes between tariff action and issues such as fentanyl and border security, he has not explained what authority he would use, but it would seem to be most closely linked to IEEPA,” Peisch said.

IEEPA is a national security statute that gives the U.S. president authority to control economic transactions after declaring an emergency.


While its predecessor, the Trading With The Enemy Act, was used during the Nixon administration to briefly impose a 10 per cent tariff on all imports into the U.S., no president has used IEEPA for tariffs.

“(It) would be a new tool in the tariff toolbox,” Peisch said.

Trump is aware of the power of the statute. He threatened to use it to impose five per cent tariffs on Mexico if it didn’t address issues around the border and illegal immigration during his first administration.

“That never came to pass because a deal was worked out and the tariffs were never imposed,” Peisch said.

It’s been reported in the U.S. that Trump and his team are looking at declaring an economic emergency to use the statute this time around.

It’s not the only tool he has. Trump’s team also may be considering a section of the Trade Act of 1974, which was used to impose tariffs on China during his first administration, or a section of the Trade Expansion Act of 1962, which put duties on Canadian steel and aluminum, Peisch said.


The Canada-U.S.-Mexico Agreement, negotiated during Trump’s first administration, will not shield America’s closest neighbours. The agreement allows member countries to take measures considered necessary for their own essential security, Peisch said.

Soon after winning the election, Trump threatened to impose sweeping tariffs on Mexico and Canada unless the two countries stop drugs and people from illegally crossing their borders with America. He has said the action would be one of his first executive orders on Jan. 20, when he assumes office.

In response, Prime Minister Justin Trudeau and Finance Minister Dominic LeBlanc travelled to Mar-a-Lago to discuss the duties last year. A few weeks later, LeBlanc announced a series of measures to beef up border security with a $1.3-billion package.


But Trump has not dialed down his threats.

“We don’t have tariffs on them yet but that will happen,” Trump said about Canada Thursday.

Instead, the president-elect has said repeatedly that Canada should become the 51st state. He escalated that rhetoric this week by suggesting that he would use “economic force” to make it happen.

While Trudeau has said there’s not a “snowball’s chance in hell” that Canada would join the U.S., Canadian officials are preparing for a very real tariff threat.

“We have to be ready,” Foreign Affairs Minister Melanie Joly told reporters Friday morning on Parliament Hill, ahead of a meeting of ministers on the Canada-U. S. cabinet committee to discuss the retaliatory measures Ottawa would deploy if tariffs are applied.


Ottawa is looking at its own tariffs targeting American steel, ceramics, plastics and orange juice.

Federal and provincial leaders also made frequent appearances on American news shows to warn that tariffs on Canada will harm U.S. consumers and businesses.

Wolfgang Alschner, an associate professor in international economic law at the University of Ottawa, said the current situation goes beyond a mere trade threat — and Canada is not dealing with the same issues it did during the first Trump administration, when the Republican leader imposed tariffs on steel and aluminum.

Alschner said the magnitude of the threatened tariffs and their connection to border security concerns qualify them as “economic coercion” — the use of abusive or excessive measures to affect trade and interfere with a foreign government’s exercise of its sovereign rights.


“We are seeing the U.S. using economic tools to achieve non-economic policy gains and that is the poster definition of economic coercion,” he said. “And that is something we really hadn’t seen in the Canada-U.S. relationship during Trump 1.”

Alschner said relying on targeted retaliatory tariffs won’t be enough, given the gravity of the situation. Canada also needs to offer the incoming Trump administration solutions on economic security, get rid of trade irritants and work on resetting the bilateral relationship, he said.

“It’s really imperative that this kind of game, because we are really playing with fire here, doesn’t get out of hand.”
 

pgs

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How Trump could declare a national emergency to hit Canada with 25 per cent tariffs
Author of the article:Canadian Press
Canadian Press
Kelly Geraldine Malone
Published Jan 11, 2025 • 4 minute read

WASHINGTON — United States president-elect Donald Trump may declare a national emergency in order to turn his threat to slap Canada with 25 per cent across-the-board tariffs into a reality.


With less than two weeks to go until Trump returns to the White House, it’s still not clear how the Republican leader will enact his tariff agenda. Greta Peisch, the former general counsel for the Office of the U.S. Trade Representative, said the incoming president could use the International Economic Emergency Powers Act (IEEPA).

“When you look at the link that the president-elect makes between tariff action and issues such as fentanyl and border security, he has not explained what authority he would use, but it would seem to be most closely linked to IEEPA,” Peisch said.

IEEPA is a national security statute that gives the U.S. president authority to control economic transactions after declaring an emergency.


While its predecessor, the Trading With The Enemy Act, was used during the Nixon administration to briefly impose a 10 per cent tariff on all imports into the U.S., no president has used IEEPA for tariffs.

“(It) would be a new tool in the tariff toolbox,” Peisch said.

Trump is aware of the power of the statute. He threatened to use it to impose five per cent tariffs on Mexico if it didn’t address issues around the border and illegal immigration during his first administration.

“That never came to pass because a deal was worked out and the tariffs were never imposed,” Peisch said.

It’s been reported in the U.S. that Trump and his team are looking at declaring an economic emergency to use the statute this time around.

It’s not the only tool he has. Trump’s team also may be considering a section of the Trade Act of 1974, which was used to impose tariffs on China during his first administration, or a section of the Trade Expansion Act of 1962, which put duties on Canadian steel and aluminum, Peisch said.


The Canada-U.S.-Mexico Agreement, negotiated during Trump’s first administration, will not shield America’s closest neighbours. The agreement allows member countries to take measures considered necessary for their own essential security, Peisch said.

Soon after winning the election, Trump threatened to impose sweeping tariffs on Mexico and Canada unless the two countries stop drugs and people from illegally crossing their borders with America. He has said the action would be one of his first executive orders on Jan. 20, when he assumes office.

In response, Prime Minister Justin Trudeau and Finance Minister Dominic LeBlanc travelled to Mar-a-Lago to discuss the duties last year. A few weeks later, LeBlanc announced a series of measures to beef up border security with a $1.3-billion package.


But Trump has not dialed down his threats.

“We don’t have tariffs on them yet but that will happen,” Trump said about Canada Thursday.

Instead, the president-elect has said repeatedly that Canada should become the 51st state. He escalated that rhetoric this week by suggesting that he would use “economic force” to make it happen.

While Trudeau has said there’s not a “snowball’s chance in hell” that Canada would join the U.S., Canadian officials are preparing for a very real tariff threat.

“We have to be ready,” Foreign Affairs Minister Melanie Joly told reporters Friday morning on Parliament Hill, ahead of a meeting of ministers on the Canada-U. S. cabinet committee to discuss the retaliatory measures Ottawa would deploy if tariffs are applied.


Ottawa is looking at its own tariffs targeting American steel, ceramics, plastics and orange juice.

Federal and provincial leaders also made frequent appearances on American news shows to warn that tariffs on Canada will harm U.S. consumers and businesses.

Wolfgang Alschner, an associate professor in international economic law at the University of Ottawa, said the current situation goes beyond a mere trade threat — and Canada is not dealing with the same issues it did during the first Trump administration, when the Republican leader imposed tariffs on steel and aluminum.

Alschner said the magnitude of the threatened tariffs and their connection to border security concerns qualify them as “economic coercion” — the use of abusive or excessive measures to affect trade and interfere with a foreign government’s exercise of its sovereign rights.


“We are seeing the U.S. using economic tools to achieve non-economic policy gains and that is the poster definition of economic coercion,” he said. “And that is something we really hadn’t seen in the Canada-U.S. relationship during Trump 1.”

Alschner said relying on targeted retaliatory tariffs won’t be enough, given the gravity of the situation. Canada also needs to offer the incoming Trump administration solutions on economic security, get rid of trade irritants and work on resetting the bilateral relationship, he said.

“It’s really imperative that this kind of game, because we are really playing with fire here, doesn’t get out of hand.”
Yada yada ya da da ba do .
 

petros

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There wont be any tarrifs. That issue died 3 weeks ago without fanfare.


Canada announces new border rules following Trump tariff threat

BBC News
18 December 2024, 01:38 GMT
Updated 18 December 2024, 01:44 GMT
Canada has promised to implement a set of sweeping new security measures along the country's US border, including strengthened surveillance and a joint "strike force" to target transnational organised crime.

The pledge follows a threat from President-elect Donald Trump to impose, when he takes office in January, a 25% tariff on Canadian goods if the country does not secure its shared border to the flow of irregular migrants and illegal drugs.

Economists say such tariffs could strike a blow to Canada's economy.

Announcing details of the plan, Canada's minister of finance and intergovernmental affairs said the federal government would devote C$1.3bn ($900m; £700m) to the plan.
 

Twin_Moose

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There wont be any tarrifs. That issue died 3 weeks ago without fanfare.


Canada announces new border rules following Trump tariff threat

BBC News
18 December 2024, 01:38 GMT
Updated 18 December 2024, 01:44 GMT
Canada has promised to implement a set of sweeping new security measures along the country's US border, including strengthened surveillance and a joint "strike force" to target transnational organised crime.

The pledge follows a threat from President-elect Donald Trump to impose, when he takes office in January, a 25% tariff on Canadian goods if the country does not secure its shared border to the flow of irregular migrants and illegal drugs.

Economists say such tariffs could strike a blow to Canada's economy.

Announcing details of the plan, Canada's minister of finance and intergovernmental affairs said the federal government would devote C$1.3bn ($900m; £700m) to the plan.
There will be more threats as new issues arise
 
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petros

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There will be more threats as new issues arise
Mexico is the real target. They got the same "warning". Showing a softening with Canada mitigates the threat to Mexico. Smith is playing the game.

When US refineries are begging for heavy oil feedstock the alternative to Canada is Venezuela.

Despite becoming more energy independent due to rising oil production, US refineries are becoming increasingly more reliant on Canada's heavy crude, which is required to meet feedstock specifications.

Total US crude imports have declined to less than 7 million bbl/day in 2019, down from a high of 14 million bbl/day in 2005. At the same time, imports from Canada have risen from 500,000 bbl/day in the early 1980s, to almost 4 million bbl/day by the end of 2019.

About three-quarters of those imports are heavy, with an API density of less than 25°. The fraction of Canadian crude in US refinery feedstock has steadily risen from 7% in 1990, to about 22% by the end of 2019.

Although the Midwest (PADD 2) is by far Canada's largest customer, Midwest refineries already run on a diet of 70% Canadian crude, and that number is unlikely to get bigger. Much like the Midwest, the Rocky Mountains region (PADD 4) also sources 100% of their foreign oil imports from Canada, with very limited capacity for expansion.

The two largest opportunities for Western Canadian producers are the USGC (PADD 3) and California (part of PADD 5). The USGC is a much larger market, but is unfortunately located a great distance from central Alberta, resulting in relatively high shipping costs. Although California's refining capacity is much comparatively smaller, it is geographically cut-off from domestic supplies, and relies heavily on expensive seaborne imports. Shipping crude from Canada to West Coast refineries, which are well-suited to process heavy/sour crude, is much cheaper than shipping to the USGC, making it a highly desirable customer.
 
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Ron in Regina

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Both Moe & Smith are intent on finding border solutions but the news is thin on reality.
Oil, uranium, & potash. Which two provinces between the two of them are the leaders in exports of oil, uranium, & potash?
1736897688636.jpeg
…& by “Canada” it means the Trudeau Liberals…without taking into account that natural resources are the purview of the provinces and not the federal government. Nothing new there with Trudeau Liberals not staying in their own lane, & probably not consulting the provinces before making blanket statements like the above…

The Canadian government (???) is considering an export tax on high-demand exports (???) to the United States such as oil, uranium and potash as a means of dissuading U.S. president-elect Donald Trump from proceeding with threatened steep tariffs on goods from Canada, a senior government official (???) said.
Weird this news story isn’t saying that there would be an export tax on Dairy, Maple Syrup, Aerospace, Auto Parts, & French Fries, etc…I wonder why?
Efforts were made but you have yo get the info from BBC.

Post in thread 'The Tarriff Hype.' https://forums.canadiancontent.net/threads/the-tarriff-hype.180103/post-3041350
Well, if true, we don't have to worry about the tariff then right? No big deal.
Right. It's media lingering on a nothing burger.
Someone should tell all the provincial premiers then, & the Liberal Government, etc…’cuz they seem to be unaware of this.
Canada’s premiers are also planning a trip to Washington, D.C., Feb. 12 — less than four weeks after Trump’s return to the White House — to highlight the importance of this country’s trade relations with the U.S. in the face of tariff threats.

Akeeagok’s office said the Nunavut premier will attend. Quebec Premier François Legault tweeted last week that he will also be there.

Ontario Premier Doug Ford, who acts as chairperson of the Council of the Federation, is leading that initiative.

“The U.S. sells more goods and services to Canada than it sells to China, Japan and Germany combined,” a Jan. 10 news release from the Council of the Federation said.

The economic partnership between the two countries is worth more than a trillion dollars annually, the release said.
Etc…
 

petros

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View attachment 26797
…& by “Canada” it means the Trudeau Liberals…without taking into account that natural resources are the purview of the provinces and not the federal government. Nothing new there with Trudeau Liberals not staying in their own lane, & probably not consulting the provinces before making blanket statements like the above…

The Canadian government (???) is considering an export tax on high-demand exports (???) to the United States such as oil, uranium and potash as a means of dissuading U.S. president-elect Donald Trump from proceeding with threatened steep tariffs on goods from Canada, a senior government official (???) said.




Someone should tell all the provincial premiers then, & the Liberal Government, etc…’cuz they seem to be unaware of this.
Canada’s premiers are also planning a trip to Washington, D.C., Feb. 12 — less than four weeks after Trump’s return to the White House — to highlight the importance of this country’s trade relations with the U.S. in the face of tariff threats.

Akeeagok’s office said the Nunavut premier will attend. Quebec Premier François Legault tweeted last week that he will also be there.

Ontario Premier Doug Ford, who acts as chairperson of the Council of the Federation, is leading that initiative.

“The U.S. sells more goods and services to Canada than it sells to China, Japan and Germany combined,” a Jan. 10 news release from the Council of the Federation said.

The economic partnership between the two countries is worth more than a trillion dollars annually, the release said.
Etc…
If only we had a dollar worth a dollar and wages equal to the US.
 

harrylee

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If only we had a dollar worth a dollar and wages equal to the US.
A Canadian dollar is worth a dollar (Cdn)......Americans may make a higher wage, but a pound of steak there is $10 US whereas we pay $10 Cdn......from what I've seen anyways.
 

Tecumsehsbones

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A Canadian dollar is worth a dollar (Cdn)......Americans may make a higher wage, but a pound of steak there is $10 US whereas we pay $10 Cdn......from what I've seen anyways.
I'm a big fan of common currency. Seems to me having different currencies only benefits people who play with money for a living. The euro is not without its problems, but it beats hell outta having to get a dozen different kinds of colored paper for a trip to the Continent.