(YouTube & Trump’s Aluminum & Steel Tariffs Shake Canada!)
The Tarriff Hype.
- Thread starter petros
- Start date
Where are all the other customers? Botswana?(YouTube & Trump’s Aluminum & Steel Tariffs Shake Canada!)
Canada and China are locked in a trade war triggered by Ottawa’s decision in 2024 to follow the Biden administration in imposing 100-per-cent tariffs on Chinese-made electric vehicles. Canadian and American officials said the measures were necessary to protect domestic auto sectors from lower-priced Chinese EVs that were being overproduced and flooding global markets. Canada also enacted a 25-per-cent tariff on Chinese steel and aluminum.
That sounds not so surprisingly familiar. Good thing we stood in lockstep with America to avoid their focusing and throwing tariffs at Canadian steel and aluminum, etc…
In response, China imposed retaliatory tariffs on Canadian canola oil and meal, peas and seafood. Mr. Wang said the only way China will lift these is if Canada drops its EV and steel and aluminum tariffs.
apple.news
Canada’s auto sector is heavily dependent on its American counterpart. Since the EV tariffs on China, however, Mr. Trump has said he doesn’t want Canada making cars for his country and wants heavily integrated North American auto production moved inside U.S. territory.
The envoy said Chinese EV makers were previously interested in investing in Canada but the 100-per-cent tariffs had discouraged them from doing so.
In the space of mere months, tariffs imposed by U.S. President Donald Trump raised car prices and shut down factories, consumer incentives programs ran out of money, and car companies realized it was impossible to undercut China’s burgeoning EV sector. Carmakers across the world hit the brakes.
Such major, rapid changes have put every part of Canada’s EV strategy up for debate. From free trade with China and the U.S. to corporate and consumer subsidies to EV sales mandates, at the centre of the crisis is a $32-billion question: is Canada’s EV dream dead?
thelogic.co
That sounds not so surprisingly familiar. Good thing we stood in lockstep with America to avoid their focusing and throwing tariffs at Canadian steel and aluminum, etc…
In response, China imposed retaliatory tariffs on Canadian canola oil and meal, peas and seafood. Mr. Wang said the only way China will lift these is if Canada drops its EV and steel and aluminum tariffs.
Beijing envoy urges Ottawa to end tariffs on Chinese EVs and warns against ‘Cold War mentality’ — The Globe and Mail
Ambassador Wang Di says Canada’s decision prevented investment from China that would lead to new auto-sector factories and jobs
The envoy said Chinese EV makers were previously interested in investing in Canada but the 100-per-cent tariffs had discouraged them from doing so.
In the space of mere months, tariffs imposed by U.S. President Donald Trump raised car prices and shut down factories, consumer incentives programs ran out of money, and car companies realized it was impossible to undercut China’s burgeoning EV sector. Carmakers across the world hit the brakes.
Such major, rapid changes have put every part of Canada’s EV strategy up for debate. From free trade with China and the U.S. to corporate and consumer subsidies to EV sales mandates, at the centre of the crisis is a $32-billion question: is Canada’s EV dream dead?
Canada’s EV dream has become a nightmare - The Logic
Major projects worth tens of billions of dollars are delayed or in trouble. What Canada does next could make or break its place in the EV world order.
thelogic.co
I wonder if this is being discussed, debated, and addressed in Parliament?
apple.news
LILLEY: Draft trade deal with U.S. hammered out amid 'intensive discussions' — Toronto Sun
Deal in principle in the works with Trump administration; now it's all down to finer points
TransparencyI wonder if this is being discussed, debated, and addressed in Parliament?
View attachment 29394
LILLEY: Draft trade deal with U.S. hammered out amid 'intensive discussions' — Toronto Sun
Deal in principle in the works with Trump administration; now it's all down to finer points
Very transparent apparently, and that’s why we are learning about this from the US ambassador, and not even our own government, and certainly not from our parliament.
Pete Hoekstra told The Globe and Mail that talks between the leaders and top cabinet ministers are being held under a cone of silence to ensure a positive outcome.
The Prime Minister and the President met in the Oval Office on May 6 but there has been no indication until now that they had been holding direct negotiations.
“You have the relationship and the discussions between the President and the Prime Minister,” he said, adding “they have had conversations, more than just the Oval Office.”
“The indications that they are talking and in communications regularly is a clear indicator to me that both sides recognize the importance and the urgency of moving this forward.”
The talks include Trade Minister Dominic LeBlanc and U.S. Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer, he said.
Carney and Trump holding direct talks on trade and security, U.S. envoy says — The Globe and Mail
Pete Hoekstra says talks between the leaders and top cabinet ministers are being held under a cone of silence to ensure a positive outcome
Automotive exports to the U.S. plunge as tariffs hit Canada’s carmakers — The Globe and Mail
Automotive shipments to the U.S. dropped by 17% in value from the previous month, the largest drop in merchandise trade shipments for the month, according to Statistics Canada
The current talks are solely between Canada and the U.S. and do not involve Mexico, the ambassador said.
But he said the Canadians and Americans want the talks to be successful, which is why they’re working so hard to ensure there are no leaks…to whom???
“This is too important for it be managed by leaks. There is too much at stake. You are our second largest trading partner,” he said.
Mr. Hoekstra said it was entirely possible that a deal could be reached before September, something the Prime Minister alluded to last week.
“Sure, September is possible. Is possible to be earlier. Sure. Is it possible that it will be later, sure,” he said. “When the President is ready to announce an agreement and the Prime Minister is ready to announce an agreement. That is when that will happen.”
Hmmmm…when is Parliament sitting, when is it recessed, & when does it come back?
Democracy in action? You get what you voted for.
Democracy in action? You get what you voted for.
Capitulation takes time. September eh?
2 Weeks after Trump's CBDC deadline. Are we in?
Shhhhh!!! It's a secret.
TORONTO — Despite a recent setback, U.S. President Donald Trump should be able to sign stablecoin and market structure legislation before Congress goes on break in August, said White House official Bo Hines on Wednesday.
Lawmakers are still discussing the legislation, which is good, said Hines, the executive director of the President's Council of Advisers on Digital Assets, said on stage at Consensus 2025 in Toronto.
"Negotiations are ongoing," he said. "But I remain steadfast in my optimism that we're going to achieve — the President's desire is to do it — but stablecoin legislation and market structure legislation before the August recess."
Buy XRP Ripple!
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President Donald Trump's envoy to Canada says some level of American tariffs on Canadian products is the new normal, holding out only slim hope that direct talks between Trump and Prime Minister Mark Carney could see them lifted entirely.
apple.news
apple.news
“The President is attending [the dinner] in his personal time,” Mr. Trump’s press secretary Karoline Leavitt said at the time. “It is not a White House dinner.”
Trump Media & Technology Group, meantime, has announced it is going to raise US$2.5-billion from institutional investors in bitcoin, continuing the company’s transformation from a media company to a crypto play.
www.youtube.com
(YouTube & Trump family expanding its crypto empire)
www.investopedia.com
www.youtube.com
(YouTube & Trump Reiterates Support for Crypto, Stablecoin Legislation)
apple.news
apple.news
Donald Trump's tariffs on Canada are here to stay, U.S. ambassador insists — Toronto Star
Meanwhile, slim hope remains that direct talks between Trump and Prime Minister Mark Carney could see tariffs lifted.
Loblaw pulls Folgers coffee from shelves over 'unjustified' cost increases — The Canadian Press
Shoppers at Loblaw Cos. Ltd.'s stores will soon no longer be able to get a co
Recently, 220 people who were the top purchasers of the President’s $TRUMP cryptocurrency meme coin were invited to dinner at Mr. Trump’s Virginia golf club, where he spoke behind a lectern bearing the presidential seal. Mr. Trump refused to release the names of those who attended – many were reportedly foreign nationals – and gave him money in exchange for his insights.
“The President is attending [the dinner] in his personal time,” Mr. Trump’s press secretary Karoline Leavitt said at the time. “It is not a White House dinner.”
Mr. Trump’s recent trip to the Middle East also paid off for him, with a US$2-billion investment from a United Arab Emirates state-owned enterprise in the Binance crypto exchange, which uses the Trump family’s stablecoin asset.
Trump Media & Technology Group, meantime, has announced it is going to raise US$2.5-billion from institutional investors in bitcoin, continuing the company’s transformation from a media company to a crypto play.
Trump family expanding its crypto empire
The Trump family is rapidly expanding its presence in the crypto space. CNBC's MacKenzie Sigalos reports.
www.youtube.com
Buffett: Cryptocurrency Will Come to a Bad End
'If I could buy a five-year put on every one of the cryptocurrencies, I'd be glad to do it.'
Trump Reiterates Support for Crypto, Stablecoin Legislation
Donald Trump rehashed the crypto-supportive actions taken by his administration since he returned to the US presidency and reiterated support for stablecoin ...
www.youtube.com
Carmakers Use Stealth Price Hikes to Cope With Trump’s Tariffs — Bloomberg
Quiet cuts to incentives are boosting how much Americans pay for cars, even if the sticker price stays the same.
Procter & Gamble cutting thousands of jobs in wake of Trump tariffs — The Hill
Procter & Gamble said Thursday it would reduce its workforce by 7,000 nonmanufacturing roles in the wake of President Trump’s tariffs.
Stablecoin legislation and Market Structure legislation aren't related to the dinner.President Donald Trump's envoy to Canada says some level of American tariffs on Canadian products is the new normal, holding out only slim hope that direct talks between Trump and Prime Minister Mark Carney could see them lifted entirely.
Donald Trump's tariffs on Canada are here to stay, U.S. ambassador insists — Toronto Star
Meanwhile, slim hope remains that direct talks between Trump and Prime Minister Mark Carney could see tariffs lifted.Loblaw pulls Folgers coffee from shelves over 'unjustified' cost increases — The Canadian Press
Shoppers at Loblaw Cos. Ltd.'s stores will soon no longer be able to get a co
Recently, 220 people who were the top purchasers of the President’s $TRUMP cryptocurrency meme coin were invited to dinner at Mr. Trump’s Virginia golf club, where he spoke behind a lectern bearing the presidential seal. Mr. Trump refused to release the names of those who attended – many were reportedly foreign nationals – and gave him money in exchange for his insights.
View attachment 29420
“The President is attending [the dinner] in his personal time,” Mr. Trump’s press secretary Karoline Leavitt said at the time. “It is not a White House dinner.”
Mr. Trump’s recent trip to the Middle East also paid off for him, with a US$2-billion investment from a United Arab Emirates state-owned enterprise in the Binance crypto exchange, which uses the Trump family’s stablecoin asset.
View attachment 29421
Trump Media & Technology Group, meantime, has announced it is going to raise US$2.5-billion from institutional investors in bitcoin, continuing the company’s transformation from a media company to a crypto play.
(YouTube & Trump family expanding its crypto empire)Trump family expanding its crypto empire
The Trump family is rapidly expanding its presence in the crypto space. CNBC's MacKenzie Sigalos reports.
Buffett: Cryptocurrency Will Come to a Bad End
'If I could buy a five-year put on every one of the cryptocurrencies, I'd be glad to do it.'(YouTube & Trump Reiterates Support for Crypto, Stablecoin Legislation)Trump Reiterates Support for Crypto, Stablecoin Legislation
Donald Trump rehashed the crypto-supportive actions taken by his administration since he returned to the US presidency and reiterated support for stablecoin ...
Carmakers Use Stealth Price Hikes to Cope With Trump’s Tariffs — Bloomberg
Quiet cuts to incentives are boosting how much Americans pay for cars, even if the sticker price stays the same.Procter & Gamble cutting thousands of jobs in wake of Trump tariffs — The Hill
Procter & Gamble said Thursday it would reduce its workforce by 7,000 nonmanufacturing roles in the wake of President Trump’s tariffs.
What's going on is moving away from the SWIFT payment system to a blockchain system that does take days and eliminating banks taking a 2% cut on currency exchange by using a USD based reserve currency stablecoin or a new multinational reserve currency stablecoin. Trump is sidestepping the privately owned Federal Reserve and putting the new currency back into the hands of the US government.
USDC | Regulated Stablecoin for Global Opportunities
USDC is a regulated stablecoin that’s backed by USD. Designed to maintain stable value, USDC enables instant, low-cost global payments with 24/7 liquidity.
www.circle.com
Cross-Border Stablecoin Payments Platform
Real-time cross-border payments without tying up capital using our stablecoin payments solution. Expand your reach and gain access to new payout markets.
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Isn’t he putting it in the hands of the Binance crypto exchange, & by extension in theory the US government via the Trump Media & Technology Group?Stablecoin legislation and Market Structure legislation aren't related to the dinner.
What's going on is moving away from the SWIFT payment system to a blockchain system that does take days and eliminating banks taking a 2% cut on currency exchange by using a USD based reserve currency stablecoin or a new multinational reserve currency stablecoin. Trump is sidestepping the privately owned Federal Reserve and putting the new currency back into the hands of the US government.
USDC | Regulated Stablecoin for Global Opportunities
USDC is a regulated stablecoin that’s backed by USD. Designed to maintain stable value, USDC enables instant, low-cost global payments with 24/7 liquidity.
Cross-Border Stablecoin Payments Platform
Real-time cross-border payments without tying up capital using our stablecoin payments solution. Expand your reach and gain access to new payout markets.ripple.com
"At a certain point, we're just going to send letters out ... saying, 'This is the deal. You can take it, or you can leave it,'" Trump said. "So at a certain point we'll do that. We're not quite ready."
apple.news
Despite his “elbows up” rhetoric and declarations that the relationship with the United States is over, Prime Minister Mark Carney and his government have been in fervent talks with the Trump administration all along.
Talks between Canada and the United States to get a trade deal continue, but whether it will come before the G7 appears up in the air. Politicos and business insiders appear divided on whether a deal will be announced in the next few days, but all say talks are headed in the right direction.
One politico with knowledge of the ongoing talks expressed concern that momentum had fizzled since last week when Trump because distracted from his public, and toxic, break-up with Elon Musk. A senior source in Ottawa said that has not affected the talks or the momentum towards a possible deal.
apple.news
Trump says willing to extend trade talks deadline, but says that won't be necessary — Reuters
U.S. President Donald Trump said on Wednesday he would be willing to extend a July 8 deadline for completing trade talks with countries before higher U.S. tariffs take effect, but did not believe that would be necessary.
Talks between Canada and the United States to get a trade deal continue, but whether it will come before the G7 appears up in the air. Politicos and business insiders appear divided on whether a deal will be announced in the next few days, but all say talks are headed in the right direction.
One politico with knowledge of the ongoing talks expressed concern that momentum had fizzled since last week when Trump because distracted from his public, and toxic, break-up with Elon Musk. A senior source in Ottawa said that has not affected the talks or the momentum towards a possible deal.
LILLEY: Trade deal with U.S. by Sunday? Depends who you talk to ... — Toronto Sun
Talks are ongoing and political and business leaders are split on what will happen regarding a trade deal before the G7 starts this weekend.
We don't need EV's anyway! They're expensive & hard on the environment. We're better off with O&G!Canada and China are locked in a trade war triggered by Ottawa’s decision in 2024 to follow the Biden administration in imposing 100-per-cent tariffs on Chinese-made electric vehicles. Canadian and American officials said the measures were necessary to protect domestic auto sectors from lower-priced Chinese EVs that were being overproduced and flooding global markets. Canada also enacted a 25-per-cent tariff on Chinese steel and aluminum.
That sounds not so surprisingly familiar. Good thing we stood in lockstep with America to avoid their focusing and throwing tariffs at Canadian steel and aluminum, etc…
In response, China imposed retaliatory tariffs on Canadian canola oil and meal, peas and seafood. Mr. Wang said the only way China will lift these is if Canada drops its EV and steel and aluminum tariffs.
Canada’s auto sector is heavily dependent on its American counterpart. Since the EV tariffs on China, however, Mr. Trump has said he doesn’t want Canada making cars for his country and wants heavily integrated North American auto production moved inside U.S. territory.Beijing envoy urges Ottawa to end tariffs on Chinese EVs and warns against ‘Cold War mentality’ — The Globe and Mail
Ambassador Wang Di says Canada’s decision prevented investment from China that would lead to new auto-sector factories and jobs
The envoy said Chinese EV makers were previously interested in investing in Canada but the 100-per-cent tariffs had discouraged them from doing so.
In the space of mere months, tariffs imposed by U.S. President Donald Trump raised car prices and shut down factories, consumer incentives programs ran out of money, and car companies realized it was impossible to undercut China’s burgeoning EV sector. Carmakers across the world hit the brakes.
Such major, rapid changes have put every part of Canada’s EV strategy up for debate. From free trade with China and the U.S. to corporate and consumer subsidies to EV sales mandates, at the centre of the crisis is a $32-billion question: is Canada’s EV dream dead?
Canada’s EV dream has become a nightmare - The Logic
Major projects worth tens of billions of dollars are delayed or in trouble. What Canada does next could make or break its place in the EV world order.
Carney Says Trump Meeting at G-7 Summit to Determine Fate of U.S.-Canada Tariff Deal — The Wall Street Journal
Canadian prime minister says officials in Ottawa and Washington are in intense talks on a new economic-and-security pact
Sure are quiet aboot the talks. Elbow macaroni.View attachment 29549
Carney Says Trump Meeting at G-7 Summit to Determine Fate of U.S.-Canada Tariff Deal — The Wall Street Journal
Canadian prime minister says officials in Ottawa and Washington are in intense talks on a new economic-and-security pact
Carney added that defense cooperation could be part of the agreement, in which Canada wants all U.S. tariffs dropped on Canadian imports. Besides a 50% levy on steel and aluminum, the U.S. has imposed a 25% tariff on Canadian-assembled motor vehicles and goods that are not compliant with the existing U.S.-Mexico-Canada trade agreement, so….
Trump says he may soon hike auto tariffs to get more US production — Reuters
U.S. President Donald Trump on Thursday warned he may soon hike auto tariffs, arguing that could prod automakers to speed U.S. investments.