The Tarriff Hype.

[Ron in Regina]

On January 14, the Canada Border Services Agency seized 406.2 kilograms of methamphetamine from a semi truck crossing INTO Canada from the U.S.

RCMP Commissioner says ‘no data’ that fentanyl is moving south in mass quantities — The Globe and Mail

Mounties in Ottawa say numbers from the U.S. customs agency do not differentiate between quantities of contraband crossing the border and what’s seized within border regions

apple.news

CBP really needs to step up their game, though it’s not their job to prevent illegal items from entering Canada I guess.

Weird that stories like this are getting drowned out in all the Trump tariff noise.

RCMP Commissioner says ‘no data’ that fentanyl is moving south in mass quantities — The Globe and Mail

Mounties in Ottawa say numbers from the U.S. customs agency do not differentiate between quantities of contraband crossing the border and what’s seized within border regions

apple.news

The RCMP don’t realize that it doesn’t matter if drugs in quantity are actually flowing from Canada into the USA in quantity or not for tariffs sake.

 

[Tecumsehsbones]

On January 14, the Canada Border Services Agency seized 406.2 kilograms of methamphetamine from a semi truck crossing INTO Canada from the U.S.

RCMP Commissioner says ‘no data’ that fentanyl is moving south in mass quantities — The Globe and Mail

Mounties in Ottawa say numbers from the U.S. customs agency do not differentiate between quantities of contraband crossing the border and what’s seized within border regions

apple.news

CBP really needs to step up their game, though it’s not their job to prevent illegal items from entering Canada I guess.

Weird that stories like this are getting drowned out in all the Trump tariff noise.

RCMP Commissioner says ‘no data’ that fentanyl is moving south in mass quantities — The Globe and Mail

Mounties in Ottawa say numbers from the U.S. customs agency do not differentiate between quantities of contraband crossing the border and what’s seized within border regions

apple.news

The RCMP don’t realize that it doesn’t matter if drugs in quantity are actually flowing from Canada into the USA in quantity or not for tariffs sake.

Well, if they don't catch it, and the dealers don't report it, how are you supposed to know?

This is the beauty of it. You report that 'leventy-zillion kilos of badstuff was seized at the border, and all we have to do is say "That means A THOUSAND TIMES A MUCH made it across and is now inserting itself into the bodies of innocent Yanks!" It's perfect. The amount cannot be known, and is therefore whatever Dementia Donny says it is.

 

[Ron in Regina]

Canada is waiting to see whether U.S. President Donald Trump follows through on his threat to impose economy-wide tariffs — or whether another last-minute pause materializes, averting a North American trade war.

Trudeau says Trump's tariffs are 'unjustified,' vows that Canada will respond — The Canadian Press

Prime Minister Justin Trudeau says U.S. President Donald Trump's tariffs on C

apple.news

 

[Tecumsehsbones]

Or whether he gets distracted because a late-night comedian makes fun of him.

 

[Ron in Regina]

Or whether he gets distracted because a late-night comedian makes fun of him.

Or he just gets his rocks off stirring the pot & causing confusion & animosity?

(YouTube & “New Tariffs on Canada, Mexico Set to Take Effect Tuesday”)

 

[Ron in Regina]

vs

Good times…Tariffs on Canadian and Mexican goods imposed by the U.S. government are expected to take hold tomorrow, marking the start of a North American trade war.

President Donald Trump signed the order to impose the devastating levies on his northern and southern neighbours on Feb. 1, saying the measures would help stop “illegal migration” and the smuggling of opioids into U.S. territory.

Canada's bracing for Trump's tariffs. Here's how it's expected to respond — The Canadian Press

Tariffs on Canadian and Mexican goods imposed by the U.S. government are expe

apple.news

…& because one wrong turn deserves another…still Prime Minister Justin Trudeau announced a 25 per cent retaliatory tariff on American goods when Trump signed the executive order.

The immediate counter-tariffs would impact $30 billion worth of goods starting the day the U.S. tariffs kick in, and sweeping tariffs across $125 billion worth of American products will take effect three weeks later.

Trump or no Trump, think tank calls for Canada to unilaterally drop non-tariff trade barriers — National Post

The study estimates that unilaterally liberalizing trade would boost Canada's GDP and drive prices down

apple.news

A leading free-market think tank is calling for Canada to unilaterally drop its remaining barriers to international trade, whether or not U.S. President Donald Trump moves forward with threatened tariffs this week.

The Montreal Economic Institute says in a new report that Canada would benefit from opening more sectors to foreign competition, even if these moves aren’t reciprocated by the U.S. and other major trade partners.

“A commonly held belief is that trade liberalization has to be reciprocal… this is incorrect,” reads the report.

“Studies have shown unilateral reductions to be generally positive—especially for smaller economies such as Canada’s.”

The study estimates that unilaterally liberalizing trade would boost Canada’s GDP by 1.67 per cent and drive prices down by 1.51 per cent.

 

[Tecumsehsbones]

And the Dow Jones dropped 650 points.

Thanks, "businessman" Dementia Donny!

 

[Ron in Regina]

And the Dow Jones dropped 650 points.

Thanks, "businessman" Dementia Donny!

Nothing quite like not knowing what the hell’s going on to shore up investor confidence.

(YouTube & “Trump confirms he will impose 25% tariff on Canadian goods Tuesday”)

US President Trump says that 25% tariffs are going to happen and they’re coming tomorrow…& there’s nothing that Canada or Mexico could do to stop it. good to know this after being made to jump through hoops for six weeks or more.

Oh, & that’s a great day for America. Enjoy those extra taxes. Our PM is going to impose the same upon us also, so solidarity I guess.

 

[Ron in Regina]

Crap…Doug Ford is running on about what he thinks Canada should withhold from American & the first three things (Uranium, Potash, & high grade Nickel ore)…at least the third one comes from Ontario. If Trump was making up reasons for emergency executive orders before, he’ll have real reasons to if Fords wind pans out.

(YouTube & “Canada will respond to Trump tariffs ‘like they’ve never seen before,’ says Ontario premier”)

 

[petros]

Crap…Doug Ford is running on about what he thinks Canada should withhold from American & the first three things (Uranium, Potash, & high grade Nickel ore)…at least the third one comes from Ontario. If Trump was making up reasons for emergency executive orders before, he’ll have real reasons to if Fords wind pans out.

(YouTube & “Canada will respond to Trump tariffs ‘like they’ve never seen before,’ says Ontario premier”)

Theyre going to cut off imported power?

 

[Jinentonix]

Theyre going to cut off imported power?

Why not? It's not like Ontario needs it. Cut off exported hydro as well. The LCBO dealy is going to hurt American distilleries and vintners pretty good too.
It also sounds like Trumpty Dumpster wants to go back to the old Autopact days, whether he knows it or not. He wants to move ALL US auto manufacturing back to the US. Fine, then the US can't sell their cars in Canada unless they build them, at least in part, in Canada. Just like the Autopact days.
Besides, European, Japanese and South Korean cars are much better quality anyway.

And since he feels like tearing up the trade agreement HE insisted on renegotiating last time, the US can pay full market price for our oil PLUS his gay little tariff.

Ya know what's really fucked? When you subtract America's oil, gas and coal imports from Canada, the US actually has a $55 billion trade surplus with Canada.
Nope, this isn't about fentanyl or illegal immigrants either. If it was he wouldn't be tariffing the EU as well.
It's about a fat, bloated idiot who has zero idea just how deeply the CCP has infested the US while crying about Canada and Mexico.
He's risking $1.3 trillion in trade a year, and that's just with one country with a small population.

Also, we're hosting the G-7 conference later this year. I think the govt should tell Trump not to come since there's about 34 million Canadians (Not counting the 6 million Trudeau imports) who are pretty pissed off at him, around 27% of which consider him to be an enemy of Canada, and that the govt can't guarantee the Trumpty Dumpster's safety and security. Besides, he'll probably wanna bring his scumbag friend with him to try and revive the G-8.

 

[Jinentonix]

Crap…Doug Ford is running on about what he thinks Canada should withhold from American & the first three things (Uranium, Potash, & high grade Nickel ore)…at least the third one comes from Ontario. If Trump was making up reasons for emergency executive orders before, he’ll have real reasons to if Fords wind pans out.

(YouTube & “Canada will respond to Trump tariffs ‘like they’ve never seen before,’ says Ontario premier”)

I liked his press conference when he said he'll cut off Ontario's hydro exports to the US and "do it with a smile".

 

[petros]

I liked his press conference when he said he'll cut off Ontario's hydro exports to the US and "do it with a smile".

Why not? It's not like Ontario needs it.

Where thd hell do you people get such ridiculous ideas?

Canada Imports More Power Than It Exports as Drought Hits Hydropower

For the first time in eight years, Canada imported more electricity from the United States than it exported, as prolonged dry conditions reduced hydroelectric power generation.

www.theenergymix.com

 

[Serryah]

Why not? It's not like Ontario needs it. Cut off exported hydro as well. The LCBO dealy is going to hurt American distilleries and vintners pretty good too.
It also sounds like Trumpty Dumpster wants to go back to the old Autopact days, whether he knows it or not. He wants to move ALL US auto manufacturing back to the US. Fine, then the US can't sell their cars in Canada unless they build them, at least in part, in Canada. Just like the Autopact days.
Besides, European, Japanese and South Korean cars are much better quality anyway.

And since he feels like tearing up the trade agreement HE insisted on renegotiating last time, the US can pay full market price for our oil PLUS his gay little tariff.

Ya know what's really fucked? When you subtract America's oil, gas and coal imports from Canada, the US actually has a $55 billion trade surplus with Canada.
Nope, this isn't about fentanyl or illegal immigrants either. If it was he wouldn't be tariffing the EU as well.
It's about a fat, bloated idiot who has zero idea just how deeply the CCP has infested the US while crying about Canada and Mexico.
He's risking $1.3 trillion in trade a year, and that's just with one country with a small population.

Also, we're hosting the G-7 conference later this year. I think the govt should tell Trump not to come since there's about 34 million Canadians (Not counting the 6 million Trudeau imports) who are pretty pissed off at him, around 27% of which consider him to be an enemy of Canada, and that the govt can't guarantee the Trumpty Dumpster's safety and security. Besides, he'll probably wanna bring his scumbag friend with him to try and revive the G-8.

JFC... I say basically this in another post and you went ape ship

Anyway...

Absolutely agree with all this you said, Jin. You motherfucker (just keeping it "real" for you since you don't like when I play nice )

Even the part 'bout him not coming to the G7. Though I'd also tell him "Convicted Felons are not allowed into Canada" (unless they go through a "process", sadly. Found that out when someone I knew with a felony in the US still somehow came to Canada)

 

[Ron in Regina]

He's risking $1.3 trillion in trade a year, and that's just with one country with a small population.

U.S. President Donald Trump launched a trade war with Canada at 12:01 a.m. Tuesday morning, citing a threat to national security posed by “unchecked drug trafficking.”

The U.S. is now imposing 25 per cent tariffs on Canadian goods, with a 10 per cent tariff on energy and critical minerals.

Prime Minister Justin Trudeau has vowed to retaliate, hitting back with $30-billion in tariffs on U.S. goods, rising to $155-billion in 21 days. These measures took effect at the same time as the U.S. tariffs.

Early Tuesday morning, trucks lined up on either side of the Ambassador Bridge, the main artery between Windsor, Ont., and Detroit. It is the busiest international crossing in North America. Every day, about $329-million worth of products cross the Detroit River, from vegetables to automotive parts. It handles about one third of all trade between the two countries.

U.S. tariffs send business, markets into turmoil — The Globe and Mail

Prime Minister Justin Trudeau says Canada will retaliate immediately with levies on $30-billion worth of goods

apple.news

The next 24 hours promises to be confusing and chaotic for this border crossing and those living on either side.

The move from Mr. Trump upends the free trade that has benefited both Canada’s largest industries and its everyday consumers. Still PM Mr. Trudeau is expected to address Canadians on Tuesday morning to detail the retaliatory measures. Speaking to reporters at the White House earlier on Monday, Mr. Trump said there was “no room left” for Canada or Mexico to make a deal that would avoid the punishing tariffs.

Mr. Trump in January indicated that he planned to use “economic force” to coerce Canadians into agreeing to be annexed by the U.S. as the “51st state.”

He has announced 25-per-cent tariffs on global imports of steel and aluminum into the U.S., including from Canada, starting March 12. On Saturday, the Trump administration ordered a new trade investigation that could heap more tariffs on imported lumber, adding to existing duties on Canadian softwood lumber.

Speaking before Mr. Trump’s declaration, U.S. Commerce secretary Howard Lutnick told CNN Mr. Trump wants auto jobs to come back to the United States, and the issue will be dealt with at the beginning of April. “He wants to reinvigorate Michigan and Ohio, and that’s the plan of his tariff policy.”

Well, at least they’ve dropped the pretext of the oceans of drugs & illegal immigrants flooding from Canada into the US.

Still PM until Sunday, Trudeau will hold a press conference at 10:30 a.m. on Tuesday morning with Finance Minister Dominic LeBlanc, Foreign Affairs Minister Mélanie Joly and Public Safety Minister David McGuinty.

 

[petros]

How many days until an election is called?

 

[Ron in Regina]

How many days until an election is called?

Six? 366? Should have been Spring of 2024 at the latest. “Today’s reckless decision by the U.S. administration is forcing Canada and the U.S. toward recessions, job losses and economic disaster,” said Candace Laing, the president and CEO of the Canadian Chamber of Commerce, in a statement.

“The U.S. government’s self-defeating tariff policy disregards decades of success and trillions in trade to try and revive a failed economic model from the 1800s. Tariffs are a tax on the American people,” said Laing.

The U.S. Chamber of Commerce urged a swift end to the tariffs, arguing that “tariffs will only raise prices and increase the economic pain being felt by everyday Americans across the country.”

 

[bob the dog]

My pet peeve over more years than I care to think about has been how the banks control the flow of money from Canada to New York.

Main gist is the banks will not allow transactions involving foreign countries and they treat American transactions as a domestic entry. 99.9% of investment dollars are funneled into American investment banks because of course the American investment banks control the Canadian banks. It is hard to buy a European, Scandinavian, Asian security despite there being 21 stock exchanges worldwide with over $1 trillion in market capitalization. If you do find a way to buy it will cost $250 per transaction compared to $9.99 or less on the NYSE or Nasdaq. Hard to believe we don't have a reciprocal deal with Commonwealth countries but we don't.

And it is beyond the purview of the Bank of Canada.

So tax this and that but it won't make a bit of difference to them imo.

 

[petros]

Six? 366? Should have been Spring of 2024 at the latest. “Today’s reckless decision by the U.S. administration is forcing Canada and the U.S. toward recessions, job losses and economic disaster,” said Candace Laing, the president and CEO of the Canadian Chamber of Commerce, in a statement.

“The U.S. government’s self-defeating tariff policy disregards decades of success and trillions in trade to try and revive a failed economic model from the 1800s. Tariffs are a tax on the American people,” said Laing.

The U.S. Chamber of Commerce urged a swift end to the tariffs, arguing that “tariffs will only raise prices and increase the economic pain being felt by everyday Americans across the country.”

We"ll stick to 6. Monday following leadership is a trip to the GG's office to dissolve Parliament and call that 420 election. A week of tariffs wont dent the economy. On demand shit a bit but nothing on comex.

 

[Tecumsehsbones]

Well, tariffs just fell.

All in all can only fall
With a crashing but meaningless blow
--Bob Dylan