And a giant white guy with all the gold.
The Tarriff Hype.
- Thread starter petros
- Start date
We need Mark Carney and his worldly experience to guide us through these troubling times . After all elbows up Canada .View attachment 30277
Judges question whether Trump tariffs are authorized by emergency powers — USA TODAY
The U.S. Court of Appeals for the Federal Circuit is considering the legality of "reciprocal" tariffs Trump imposed on U.S. trading partners.apple.news
Canadian Prime Minister Mark Carney said he was disappointed after US President Donald Trump signed an executive order to raise tariffs on Canadian goods to 35% from 25% on products outside the scope of the U.S.-Mexico-Canada trade agreement.
The move, which Washington linked in part to what it said was Canada's failure to stop fentanyl smuggling, is the latest salvo in Trump's months-long tariff war initiated soon after taking power.
US duties and tariffs will heavily affect lumber, steel, aluminum, and automobiles, Carney said in a post on X, vowing action (???) to protect Canadian jobs, buy its goods, invest in industrial competitiveness and diversify export markets.
To justify its step, the U.S. has cited the cross-border flow of fentanyl, even though Canada accounts for just 1% (I think 1% is significantly rounding up) of U.S. fentanyl imports and has been working intensively to further reduce the volumes, Carney added. Oh well…
President Donald Trump on Thursday announced a 90-day extension of his tariff deadline for Mexico to allow more time for negotiations on a longer-term trade agreement.
“We have agreed to extend, for a 90 Day period, the exact same Deal as we had for the last short period of time, namely, that Mexico will continue to pay a 25% Fentanyl Tariff, 25% Tariff on Cars, and 50% Tariff on Steel, Aluminum, and Copper,” Trump wrote on Truth Social.“We will be talking to Mexico over the next 90 Days with the goal of signing a Trade Deal somewhere within the 90 Day period of time, or longer.” (???)
View attachment 30278
Trump issued a separate order for Canada that raises the rate on Canadian goods subject to fentanyl-related tariffs to 35%, from 25% previously, saying Canada had "failed to cooperate" in curbing illicit narcotics flows into the U.S.
The higher tariffs on Canadian goods contrasted sharply with Trump's decision to grant Mexico a 90-day reprieve from higher tariffs of 30% on many goods to allow time to negotiate a broader trade pact.
View attachment 30279
Trump hits more countries with steep tariffs, markets tumble — Reuters
U.S. President Donald Trump's latest wave of tariffs on exports from dozens of trading partners, including Canada, Brazil, India and Taiwan, sent global markets tumbling on Friday as countries pushed for talks to clinch better deals.
I thought one of them looked suspiciously like Triple-H from days gone by but in a suit beside Trump, the last time I noticed him at the podium podiuming.
Prime Minister Mark Carney expressed his disappointment on Friday about U.S. President Donald Trump’s decision to increase so-called “fentanyl tariffs” to 35 per cent and said his government is committed to supporting the most affected sectors…. So elbows up but shoulders sagged.
Fact Sheet: President Donald J. Trump Amends Duties to Address the Flow of Illicit Drugs Across our Northern Border
ADDRESSING A NATIONAL EMERGENCY: Today, President Donald J. Trump signed an Executive Order increasing the tariff on Canada from 25% to 35%, with the
www.whitehouse.gov
Lutnick pointed out that Canada was one of two countries in the world — with China — to have retaliated against the U.S.
Looks like it will be a long time before I can afford any. How many Sockeye would it take to buy a majik bean?
White House Suggests Low Chance on U.S.-China Tariff Truce Extension
[VIDEO]
The U.S.-China trade truce appears headed for a deadline clash, with no extension in sight. We have the details from Thursday's White House briefing. Beijing turns up the heat on U.S. tech, summoning Nvidia over security fears—just days after tense trade talks in Stockholm. What's the real message behind the move? Panama’s legal challenge to CK Hutchison’s port deal threatens to block not only a $20 billion U.S.-led bid, but also Beijing’s backup plan to install a Chinese partner at the table. Chinese tech giant Huawei is facing growing scrutiny in Europe.Spanish telecom giant Telefonica is replacing all of its Huawei-made 5G equipment in Spain and Germany to comply with local rules.
U.S. To Close China Transshipment Loophole With New 40% Duty Rule
[VIDEO]In response to China's rare earth ban, the United States is moving to tighten trade loopholes with new tariffs. New U.S. tariff rates are drawing mixed reactions across Indo-Pacific countries. We look at their responses. China is demanding security proof from Nvidia—alleging trust and potential risks with U.S.-imported chips. We speak to a senior national security editor for insights. U.S. lawmakers across the aisle are now seeing eye to eye on the China threat. The Senate's defense bill calls for rapid military modernization—aiming to counter the growing challenge from the Chinese Communist Party.