The Tarriff Hype.

Ron in Regina

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Targeting steel imports in the name of national security means Trump wants higher production capacity in case of a national emergency — namely, war.
War? What war?
Good question. No idea yet…U.S. President Donald Trump signed an executive order on Friday to rename the Department of Defense the "Department of War," reverting to a title it held until after World War Two when officials sought to emphasize the Pentagon's role in preventing conflict.

"It's a very important change, because it's an attitude," Trump said as he signed the executive order at a ceremony in the Oval Office. "It's really about winning."
 
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Ron in Regina

"Voice of the West" Party
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Defense Secretary Pete Hegseth, introduced as the Secretary of War by Trump, cheered the change, which he has long advocated.

"We're going to go on the offense, not just on defense. Maximum lethality, not tepid legality," Hegseth said?

Against who (or is that whom?)? Maybe that’s not relevant yet. Spin the wheel or spin the bottle, & eventually it’ll be a post war economy again.
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petros

The Central Scrutinizer
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Defense Secretary Pete Hegseth, introduced as the Secretary of War by Trump, cheered the change, which he has long advocated.

"We're going to go on the offense, not just on defense. Maximum lethality, not tepid legality," Hegseth said?

Against who (or is that whom?)? Maybe that’s not relevant yet. Spin the wheel or spin the bottle, & eventually it’ll be a post war economy again.
View attachment 30932
Oceania has always been at war with Eastasia.
 

petros

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Ah-ha!


National Bank is backing a new Canadian dollar stablecoin, marking the first such crypto investment by a Big Six bank and a significant step towards blockchain’s integration with the country’s financial system.

The Montreal bank joined Province of Alberta-owned bank ATB Financial, as well as Shopify, Wealthsimple, Shakepay, Urbana and Purpose in a $10-million funding round for Tetra Digital Group, the parent of Calgary crypto trust company Tetra Trust. Tetra plans to put $3 million of the financing towards developing the stablecoin, a digital asset whose value will be pegged to that of the Canadian dollar.
 

Ellanjay

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Trump Wants EU to Hit China With 100 Percent Tariff; Trump, Modi Rekindle Friendship​

[VIDEO]


Russian drones enter Polish airspace, heightening tensions in Europe. Reports say President Donald Trump wants the EU to sanction China for buying Russian oil. Indian Prime Minister Narendra Modi echoed Trump’s comments that his country and the United States remain close friends. It was after Modi visited China and met with Xi Jinping and Vladimir Putin. LeBron James's trip to China resulted in a surprise: an op-ed under his name in China’s state media—one that his team says he never wrote. What's the deal here? A Chinese commentator breaks it down. The Supreme Court will fast-track a review of lower court rulings overturning many of the Trump administration's tariffs. It's a move that could also affect tariffs on China. One of NTD's most anticipated competitions is back this week. NTD's Sherry Ning sat down with one of the judges to break down what sets NTD's classical Chinese dance competition apart from others.
 

Ron in Regina

"Voice of the West" Party
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The EU signed the “Framework on an Agreement on Reciprocal, Fair, and Balanced Trade” in late July in the hopes it would substantially assuage fears among European businesses about an all-out trade war with the United States.

But…but this month, U.S. President Donald Trump seemed to revoke that understanding as he threatened to impose more tariffs on Europe if Brussels doesn’t loosen its rules and regulations that police online disinformation, election interference, and hate speech.
 

petros

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The EU signed the “Framework on an Agreement on Reciprocal, Fair, and Balanced Trade” in late July in the hopes it would substantially assuage fears among European businesses about an all-out trade war with the United States.

But…but this month, U.S. President Donald Trump seemed to revoke that understanding as he threatened to impose more tariffs on Europe if Brussels doesn’t loosen its rules and regulations that police online disinformation, election interference, and hate speech.
Wait until next Monday...
 
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Ron in Regina

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"They'd like to see if they could get a little bit better deal, so we'll talk to them."
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"Basically, I'm there also on trade. They want to see if they can refine the trade deal a little bit," Trump said when he left the White House for Britain on Tuesday.
Starmer, last week, sacked Peter Mandelson as Britain's ambassador in Washington over his ties to Epstein, which could lead to questions for both Starmer and Trump, whose own relationship with the financier has also come under scrutiny.
 

Ron in Regina

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Oh, and with NAFTA CUSMA USMCA the North American Free Trade Agreement, the Trump administration had hoped to negotiate a grander bargin (?) with Canada than simply a renewal of the United States-Mexico-Canada Agreement but it doesn’t seem possible at the moment, the U.S. ambassador to Canada said Tuesday?

Pete Hoekstra, speaking about the state of Canada-U.S. relations, said the White House had been looking for an agreement that encompassed numerous subjects, including defence. Is America trying to stuff a defence agreement into the same trade agreement with Mexico also?
“Americans were hopeful that we could negotiate a bigger deal,” Mr. Hoekstra told an Ottawa event hosted by the Canadian International Council on Tuesday.

Mr. Trump has said the U.S. doesn’t need Canadian autos despite the fact this country’s vehicle assembly and auto parts industry are highly integrated with the U.S. market and North American-produced products normally travel tariff-free between countries.

“I mean, there is so much that we do together, where our economies are integrated, they graft off of each other and those types of things,” the envoy said, & then along came Trump tarrif’ing the planet.

(Since returning to office earlier this year, President Donald Trump has hit Canada with a string of tariffs: 50 per cent on steel and aluminum, 25 per cent on autos and 35 per cent on any goods traded outside the USMCA, with the exception of oil, gas and potash, at 10 per cent. His administration has also significantly hiked duties on Canadian softwood)

“On trade, whether it’s energy, whether it’s automotive, whether it’s nuclear, defence and all of those types of things, we were hoping that we would not just renegotiate CUSMA, but that we could take it into being something much bigger,” he said, referencing the Canada-United States-Mexico Agreement, another name for the USMCA.
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“It’s obvious(?), at least at this point in time, that that’s not going to happen,” Mr. Hoekstra said? He did not fully explain what was preventing such a deal.

Is he referring to Trump? Who knows…?

Mr. Hoekstra noted the United States was formally kicking off public consultations on the USMCACUSMANAFTA as Washington begins identifying what a revised trilateral deal would look like.

In March, Mark Carney talked of undertaking comprehensive negotiations on a new economic and security relationship with the United States but recently the Prime Minister has talked in smaller terms: of negotiating tariff deals with the U.S. in key sectors and renegotiating USMCANAFTACUSMA.

Talks between Canada and the United States stalled in the lead up to a Aug. 1 deadline imposed by Mr. Trump. Mr. Carney, who in late August dropped Canadian retaliatory tariffs on some U.S. products, told reporters Sept. 5 that he wants to secure some relief for strategic sectors battered by U.S. tariffs, but he stressed there is no certainty that this will happen.

Hoekstra then says, “We understand the economics and how you’ve built your economy around those types of things, but over a period of time, in some of these critical industries, you know, we’re going to see some of that moving back into the United States.”

The envoy said Washington appreciates Canada’s trade actions on Chinese EVs and steel. “We very much appreciate the decision that Canada has made, and we recognize the cost that you are paying for that,” Mr. Hoekstra said. “It’s contained China; let’s work on this stuff together, and we will recognize the economic impact that it has had on Canada.”…So…?
Regardless of what is negotiated, or what is agreed to, what certainty will Canada or Mexico have that America will honour anything in a trade agreement? Will any trade agreement with America be worth the paper it’s written on under this current administration?
🤔
 

petros

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It’s obvious(?), at least at this point in time, that that’s not going to happen,” Mr. Hoekstra said? He did not fully explain what was preventing such a deal.

Is he referring to Trump? Who knows…?
🤔
Reason 1, Israel. As clearly state on August 6 https://www.cbc.ca/news/business/tetra-group-digital-dollar-stablecoin-1.7628075


Reason 2, we aren't going to use Trump's CBDC

 

Ron in Regina

"Voice of the West" Party
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Reason 3, it’s a trilateral TRADE agreement & not a divide and conquer agreement? Mexico & Canada & America are supposed to all agree to the same agreement in theory? Something along those lines?
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Prime Minister Mark Carney will sign a strategic partnership on trade and security with Mexico when he visits Thursday, part of what officials are describing as a reset of their relationship as both countries prepare for a renegotiation of their trilateral trade deal with an increasingly protectionist United States.
 

Ron in Regina

"Voice of the West" Party
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Regina, Saskatchewan
Prime Minister Mark Carney and his Mexican counterpart, President Claudia Sheinbaum, vowed closer ties Thursday against the backdrop of rising U.S. protectionism and the likelihood Donald Trump will soon make major demands to renegotiate the trilateral United States-Mexico-Canada Agreement.
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Mr. Carney, at Mexico’s National Palace for a one-day official visit focused on trade and security, signed what he and Ms. Sheinbaum call a “strategic comprehensive partnership” pact aimed at deepening two-way trade and investment. The document is also intended to signal the era of indifference in the Canada-Mexico relationship is over.

They said they would prioritize the development of trade infrastructure including ports, rail and energy corridors and invest and trade more in areas including energy, critical minerals and agriculture.
Reason 3, it’s a trilateral TRADE agreement & not a divide and conquer agreement? Mexico & Canada & America are supposed to all agree to the same agreement in theory?
The two leaders made a show of unity when asked whether they would fight efforts by the Trump administration to divide Canada and Mexico in coming USCMA negotiations.
Mr. Trump has blamed both Canada and Mexico for opioids smuggling into U.S. territory even though data show very little appears to be coming from inside Canadian borders. Mr. Carney said Dominic LeBlanc, minister responsible for Canada-U.S. trade, would soon lead a trade mission to Mexico and give nearly $10-million to United Nations-led projects to support migrant integration initiatives in Mexico and combat the illicit production and trafficking of fentanyl.

Since returning to office earlier this year, Mr. Trump has hit Canada with a string of tariffs: 50 per cent on steel and aluminum, 25 per cent on autos and 35 per cent on any goods traded outside the USMCA, with the exception of oil, gas and potash at 10 per cent. His administration has also significantly hiked duties on Canadian softwood.
 

pgs

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Prime Minister Mark Carney and his Mexican counterpart, President Claudia Sheinbaum, vowed closer ties Thursday against the backdrop of rising U.S. protectionism and the likelihood Donald Trump will soon make major demands to renegotiate the trilateral United States-Mexico-Canada Agreement.
View attachment 31117
Mr. Carney, at Mexico’s National Palace for a one-day official visit focused on trade and security, signed what he and Ms. Sheinbaum call a “strategic comprehensive partnership” pact aimed at deepening two-way trade and investment. The document is also intended to signal the era of indifference in the Canada-Mexico relationship is over.

They said they would prioritize the development of trade infrastructure including ports, rail and energy corridors and invest and trade more in areas including energy, critical minerals and agriculture.

The two leaders made a show of unity when asked whether they would fight efforts by the Trump administration to divide Canada and Mexico in coming USCMA negotiations.
Mr. Trump has blamed both Canada and Mexico for opioids smuggling into U.S. territory even though data show very little appears to be coming from inside Canadian borders. Mr. Carney said Dominic LeBlanc, minister responsible for Canada-U.S. trade, would soon lead a trade mission to Mexico and give nearly $10-million to United Nations-led projects to support migrant integration initiatives in Mexico and combat the illicit production and trafficking of fentanyl.

Since returning to office earlier this year, Mr. Trump has hit Canada with a string of tariffs: 50 per cent on steel and aluminum, 25 per cent on autos and 35 per cent on any goods traded outside the USMCA, with the exception of oil, gas and potash at 10 per cent. His administration has also significantly hiked duties on Canadian softwood.
Good idea , make Mexico our major trading partner .
 
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spaminator

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Carney cozying up with Mexico will backfire, again
Don’t think for a moment that this isn’t being noticed in Washington. They are taking all of this into account and not in a good way.


Author of the article:Brian Lilley
Published Sep 18, 2025 • 3 minute read

Canada's Prime Minister Mark Carney is welcomed by Mexico's President Claudia Sheinbaum at the National Palace in Mexico City on Sept. 18, 2025.
Canada's Prime Minister Mark Carney is welcomed by Mexico's President Claudia Sheinbaum at the National Palace in Mexico City on Sept. 18, 2025.
When NAFTA was being renegotiated in 2017, Canada took a bold step and tried to forge a united front with Mexico against the United States. It failed miserably and Canada was frozen out of trade talks resulting in the U.S. working out a deal with Mexico while Canada sat on the sidelines.


I bring this up in the context of Mark Carney heading to Mexico in what looks like a replay of the 2017-18 plan to try to form a united front against the Trump administration.


Carney was welcomed with pomp and circumstance in Mexico City by President Claudia Sheinbaum. The two were expected to discuss trade, security arrangements, work visas, and combatting organized crime in areas such as drug and gun smuggling.

There was even talk of a strategic partnership agreement being signed.

Don’t think for a moment that this isn’t being noticed in Washington. They are taking all of this into account and not in a good way.

According to several reports, Canadian and American negotiators haven’t had serious talks since the end of August. That’s three weeks ago on a file that is vitally important to the Canadian economy.


Earlier this week, Carney made it seem like he was on good terms with Trump.

“At this moment, we have the best agreement in the world with the Americans, as well as the lowest imposed tariff rate in the world,” Carney boasted under questioning from Bloc Quebecois Leader Yves-François Blanchet. “The President of the United States is a modern man: he has a cell phone. I speak with him regularly and we exchange text messages.”

That’s a far cry from his message during the election campaign even though the American tariff threat has not changed since then.

“President Trump is trying to break us so that America can own us,” Carney said on April 28, election night.

Carney used anti-American rhetoric to win the election, it was politically popular for him to do so. That said, the Americans took note of this, they paid attention when we said the relationship is over, when we said we wouldn’t buy their products or vacation in the United States anymore.


As much as Canadians were bothered by Trump’s 51st state bluster, Americans are bothered by what we have been saying about them. There was a window to find a broader deal, but that window appears to have closed.

Speaking at an event in Ottawa this week, Trump’s ambassador to Canada Pete Hoekstra said the time for a bigger deal has passed.

“Whether it’s on trade, whether it’s energy, whether it’s automotive, whether it’s nuclear defence and all those types of things, we were hoping that we would not just renegotiate CUSMA but that we could take it into being something much bigger,” Hoekstra said. “It’s obvious, at least at this point in time, that that’s not going to happen.”

While Hoekstra talks of a bigger deal, the reality on the ground is that the Americans, the Trump administration, were looking for deals at the 50,000-foot level with details to be worked out later.



That is what they achieved with Britain, China, the EU and so many others, a kind of framework agreement.

We rebuffed that type of agreement, said no over and over again or tried to negotiate into the weeds. The Americans didn’t want to go there and so no deal was reached.

Instead of admitting they screwed up, the Carney team went from making what Trump was doing into the apocalypse to the best deal in the world.

Now we are trying a new tact, cozy up to Mexico, form a united front. It didn’t work in 2017-18 and it won’t work this time.

Seems we are incapable of learning from our history and doomed to repeat it.
 
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Ron in Regina

"Voice of the West" Party
Apr 9, 2008
29,879
11,130
113
Regina, Saskatchewan
 

Ron in Regina

"Voice of the West" Party
Apr 9, 2008
29,879
11,130
113
Regina, Saskatchewan
Mr. Trump in July warned in a social-media post that Canada recognizing Palestine would make it “very hard” for the United States to reach a trade deal with Canada. Since returning to office, Mr. Trump has hit Canada with a string of tariffs including 50 per cent on steel and aluminum, 25 per cent on autos and 35 per cent on any goods traded outside the U.S.-Mexico-Canada Agreement, with the exception of oil, gas and potash, at 10 per cent. His administration has also significantly hiked duties on softwood, because preferential trading status? One of its two closest neighbours?
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Britain, France and Portugal were among countries that joined Canada in recognizing Palestinian statehood this week but they have already secured new trade deals with Mr. Trump.😉
Regardless of what is negotiated, or what is agreed to, what certainty will Canada or Mexico have that America will honour anything in a trade agreement? Will any trade agreement with America be worth the paper it’s written on under this current administration?
Asked how he could justify the risk of alienating Mr. Trump by recognizing a Palestinian state, Mr. Carney said Canada already has “the best trade deal of any country in the world” with the United States. The USCMA deal means that many Canadian exports to the United States receive exemptions from Mr. Trump’s tariffs.
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