The Tarriff Hype.

Ron in Regina

"Voice of the West" Party
Apr 9, 2008
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U.S. President Donald Trump granted Canada and Mexico a significant reprieve from punishing 25-per-cent tariffs until April 2, the latest shift in a constantly-changing trade policy that has kept investors and allies unsure of what comes next??? This guy is a lunatic.

Trump has the credibility of a three dollar bill and the stability of a chair missing a leg.

An executive order signed on Thursday afternoon delays the implementation of tariffs on Canadian exports to the U.S. that are compliant with the United States–Mexico–Canada Agreement until April 2. It also lowers the tariff on potash😳, which is used in fertilizer, from 25 per cent to 10 per cent. Surprise surprise on that one, not. Planting season for corn is the end of May or beginning of April.
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petros

The Central Scrutinizer
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U.S. President Donald Trump granted Canada and Mexico a significant reprieve from punishing 25-per-cent tariffs until April 2, the latest shift in a constantly-changing trade policy that has kept investors and allies unsure of what comes next??? This guy is a lunatic.

Trump has the credibility of a three dollar bill and the stability of a chair missing a leg.

An executive order signed on Thursday afternoon delays the implementation of tariffs on Canadian exports to the U.S. that are compliant with the United States–Mexico–Canada Agreement until April 2. It also lowers the tariff on potash😳, which is used in fertilizer, from 25 per cent to 10 per cent. Surprise surprise on that one, not. Planting season for corn is the end of May or beginning of April.
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The rest gone Tuesday.
 

Tecumsehsbones

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U.S. President Donald Trump granted Canada and Mexico a significant reprieve from punishing 25-per-cent tariffs until April 2, the latest shift in a constantly-changing trade policy that has kept investors and allies unsure of what comes next??? This guy is a lunatic.

Trump has the credibility of a three dollar bill and the stability of a chair missing a leg.
Hanlon's Razor: Never attribute to malice that which can be explained by stupidity.
 

Jinentonix

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Sep 6, 2015
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U.S. President Donald Trump granted Canada and Mexico a significant reprieve from punishing 25-per-cent tariffs until April 2, the latest shift in a constantly-changing trade policy that has kept investors and allies unsure of what comes next??? This guy is a lunatic.

Trump has the credibility of a three dollar bill and the stability of a chair missing a leg.

An executive order signed on Thursday afternoon delays the implementation of tariffs on Canadian exports to the U.S. that are compliant with the United States–Mexico–Canada Agreement until April 2. It also lowers the tariff on potash😳, which is used in fertilizer, from 25 per cent to 10 per cent. Surprise surprise on that one, not. Planting season for corn is the end of May or beginning of April.
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The answer is simple. The stock market(s). When the tariffs first hit in Feb the next day the Dow and S&P had a wee tumble. This bummed Trump out because he always likes to point at the financial markets when they go up because of what he did. Tariffs paused, markets recovered. March tariffs kick in, markets tumble again, Trump shits his Depends and pauses the tariffs again. Markets rebounded.

Meanwhile the Gov. of Kentucky is crying that the Ontario booze ban is worse than tariffs. Well, yeah, the ban means ZERO sales in your biggest export market in the world. Take it up with the Trumpty Dumpster, buddy.

Seen a LOT of heartwarming comments from our Commonwealth brothers and sisters over this. Many of them are boycotting American products in support of Canada. Even more amusing, after Trump was ruminating about punting Canada from the Five Eyes it seems the rest of the Five Eyes is limiting the amount of intelligence it's sharing with the US until an adult is put back in charge again. Can't really trust an idiot that goes after America's closest friend, ally and trading partner for over a century for nothing. While at the same time he's kissing up to a murderous dictator.
 
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Jinentonix

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Prime Minister Justin Trudeau says Canadians should expect to be in a trade war with the United States “for the foreseeable future.”

vs

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(‘cuz migrants & fentanyl, etc…)

vs

As the still prime minster was speaking, Lutnick told CNBC that Trump was “likely” to decide to exempt all trade covered by the free trade agreement with Canada, the U.S. and Mexico from the 25 per cent tariffs until April 2, which he announced for the auto-sector the day before???

This is all in the same freak’n news story…
Trudeau said while that “aligns with some of the conversations” Canadian officials have been having with the White House and is a “promising sign” he would wait to see an official agreement before offering Canada’s response. Until then, he says Canada’s retaliatory tariffs will remain in place.
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JFC do NOT counter-tariff shit. That's just yet another a tax on Canadians ffs. Nah, you take the tariffs, then add an additional 10-25% US export surcharge, that way Americans feel way more of the pain than we will.
 
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Ron in Regina

"Voice of the West" Party
Apr 9, 2008
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1741349903045.jpegOn Thursday, in a major walk-back, Trump signed an executive order to waive the 25 per cent tariff on Canadian and Mexican imports that are covered under the Canada-U.S.-Mexico Agreement (CUSMA). According to trade experts CTV News spoke with, CUSMA covers 95 per cent of goods traded between Canada and the U.S.

The federal government is pushing back its second and larger round of retaliatory measures against U.S. President Donald Trump’s tariffs — but just by one week — in response to his latest move to delay levies on most Canadian and Mexican goods by one month.

“As a result, Canada will not proceed with the second wave of tariffs on $125B of U.S. products until April 2nd, while we continue to work for the removal of all tariffs,” Finance Minister Dominic LeBlanc said in a post on X.
Speaking to reporters in the Oval Office, Trump said the move “is just a modification short-term.”

“We don’t need trees from Canada. We don’t need cars from Canada. We don’t need energy from Canada. We don’t need anything from Canada,” Trump said.

The commander-in-chief also said tariffs on steel and aluminum are still coming March 12, with reciprocal global tariffs on April 2.

Ontario Premier Doug Ford, meanwhile, will go ahead with his province’s retaliatory measures against the U.S. despite the latest reprieve, which includes a 25 per cent surcharge on electricity shipped to 1.5 million Americans and American booze will remain off store shelves.
 

Ron in Regina

"Voice of the West" Party
Apr 9, 2008
27,365
10,132
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Regina, Saskatchewan
An executive order signed on Thursday afternoon delays the implementation of tariffs on Canadian exports to the U.S. that are compliant with the United States–Mexico–Canada Agreement until April 2. It also lowers the tariff on potash😳, which is used in fertilizer, from 25 per cent to 10 per cent. Surprise surprise on that one, not. Planting season for corn is the end of May or beginning of April.
U.S. farmers are so dependent on Saskatchewan potash that they’ve been begging the Trump White House for a tariff exemption. The U.S. is only able to produce about 10 per cent of its domestic potash needs, with the rest coming from Canada. “No substitutes exist for potash as an essential plant nutrient,” reads a statement last month by the U.S.-based Fertilizer Institute.

Uranium it’s another one of those things…the bluntness of Trump’s tariffs has revealed a whole bunch of Canadian imports that don’t have easy replacements. As such, Americans are simply being forced to eat the 25 per cent tariff and pass it along to their customers in the form of higher prices.

The inflexible nature of U.S. aluminum demand, for instance, means that Americans are still buying roughly the same quantities of Canadian aluminum, except now at a 10 per cent premium.

Protectionist policies such as tariffs are often implemented as a sop to the manufacturing sector. You make foreign goods artificially expensive, which effectively acts as a subsidy for domestic factories as they no longer have to contend with cheaper foreign competitors. The result is higher prices for consumers and lower overall productivity, but at least you have a few extra factory jobs to point to.

That’s assuming that the imposed tariff on an import is something can be readily replaced by a U.S.-made alternative, such as beer, beef or potato chips. You’re still forcing consumers to buy a less-competitive version of what they want, but at least that less-desired option is available.

So it’s telling that as these tariffs approached, the reaction wasn’t jubilation from the U.S. manufacturing sector. It was the opposite.

An index maintained by the Institute for Supply Management found that U.S. manufacturing reacted to the looming trade war with stagnation: No major orders, no new production lines and instead of hiring sprees, there were layoffs.

“Demand eased, production stabilized, and destaffing continued as … companies experience the first operational shock of the new administration’s tariff policy,” explained a statement by the group.

As to why, it certainly doesn’t help that a lot of manufacturing inputs suddenly got way more expensive, with aluminum being a prime example.
(YouTube & “'We don't accept this': Canadian Ambassador explains why Trump's tariff fight is pointless”)
 
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Ron in Regina

"Voice of the West" Party
Apr 9, 2008
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Regina, Saskatchewan
We all know that eastern Canada has their dairy (dairy&chicken I guess) cartel, & their maple syrup cartel, etc…but for the rest of the claims in that TikTok video, can you find a link to something written and credible you could post, please?
A day after offering Canada a one-month reprieve on punishing, virtually across-the-board 25% tariffs, President Donald Trump has threatened new tariffs as soon as Friday on Canadian lumber and dairy products. It’s yet another twist in a serpentine trade policy that seems to shift on an hourly basis, etc…

“We may do it as early as today, or we’ll wait until Monday or Tuesday,” Trump said. “We’re going to charge the same thing. It’s not fair. It never has been fair, and they’ve treated our farmers badly.” Etc…

Trump’s announcement gave investors, businesses and consumers another strong dose of whiplash. Just one day earlier, on Thursday, Trump announced a one-month pause on all tariffs on Canada and Mexico on products that comply with the US-Mexico-Canada free trade treaty, known as the USMCA. That had given many industries, especially autos and agriculture, a major sigh of relief, etc…
 

Jinentonix

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Sep 6, 2015
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Hmm. . . where have I seen this before?

Oh, right, the schoolyard.

"Oh, yeah?"
"Yeah."
"Oh, yeah?"
"Yeah."
"Oh, yeah?"
"YEAH!"

I wish they'd stop jawing and get busy.
Canada is. No US booze. Ontario's electricity exports are now taxed. BC. is going make US truck drives pay tolls for traveling through BC to get to and from Alaska. In fact some of the provinces are far more active in this fight than the Fed.
As far as Ontario goes, the no booze and tax on hydro exports will remain in effect until this fucking nonsense is done and over with. Although if the shit continues into April there'll be NO hydro exports from Ontario to the US either.

And of course there's Orangutan Man's continued insistence that we have nothing the US needs while threatening to annex Canada, ostensibly because we're loaded with resources that the US definitely fucking needs.
I mean I don't see Trump blocking the 4.3 million bbls of oil per day we export to the US. If he don't need it, why he still buying it?
Because he knows he's full of shit. If we have nothing the US needs then why simply tariff our goods and not just ban Canadian imports altogether?

Maybe we should demonstrate his stupidity by prohibiting the export of certain critical elements to the US. The kind of elements that are also important to other markets, (besides China). At least we won't need pipelines for that stuff.
 
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