CAN-USA Tariff Strife (split from various pol threads)

[Czech_pivo]

I'm not concerned, but I don't like it. There should be an economic update soon. We, the public are required to see what is going on with our purse.

Unpredictable, or "needing to get a handle on it" or commiting to big spending in the short term are all reasons to wait out so your first financial update/budget is based in reality.

If by ‘the fall’, it means that by Sept 26th we get a budget, I’m fine with it, but if ‘by the fall’, turns out to be Dec 16th, then I’m not happy with the extended delay.

 

[brihard]

If by ‘the fall’, it means that by Sept 26th we get a budget, I’m fine with it, but if ‘by the fall’, turns out to be Dec 16th, then I’m not happy with the extended delay.

Parliament resumes September 15th. I would expect it to be a priority item then.

 

[Remius]

U.S. report finds fentanyl crossing from Canada ‘not an important part of this story’

Barely any of the fentanyl seized in the United States originates from Canada, according to a new report from U.S. think tank the Manhattan Institute.

www.ctvnews.ca

Duh.

 

[HavokFour]

Something something honey, something vinegar.

Greenland awards Canadian miner permit for metal critical to defence industry

Greenland Resources given OK to explore for molybdenum as Arctic island and its mineral riches have become hot geopolitical topics. Read on.

financialpost.com

 

[Remius]

Something something honey, something vinegar.

Greenland awards Canadian miner permit for metal critical to defence industry

Greenland Resources given OK to explore for molybdenum as Arctic island and its mineral riches have become hot geopolitical topics. Read on.

financialpost.com

And this too..

https://www.cbc.ca/news/canada/montreal/norwegian-lng-quebec-1.7577588

 

[The Bread Guy]

And just to lighten things up without tooooooo much of a derail, here's how Penguin Island (may have?) responded to tariffs The style may be not unfamiliar to cold warriors out there - no pun intended. Have a good night & a great weekend!

 

[HavokFour]

Looking Beyond the U.S. for Trade, Canada Begins Shipping Natural Gas to Asia

A tanker is headed to South Korea with a first shipment of liquefied natural gas from Canada, which hopes to reduce its export reliance on its neighbor.

Coming off the news of the renewed 25% blanket tariffs on Japan, South Korea, Malaysia, Kazakhstan, South Africa, Laos and Myanmar (so far).

 

[dapaterson]

Plus side: a tariffed South Korea may be willing to give better deals to DND to protect industrial capacity.

 

[PrairieFella]

Plus side: a tariffed South Korea may be willing to give better deals to DND to protect industrial capacity.

If we buy 12 subs, they give us 100 AS21s free?

 

[Maxman1]

Or K9 Thunders.

 

[PrairieFella]

Or K9 Thunders.

Sign me up

 

[dapaterson]

Sign me up

For you, a Kia Sorento with a pintle mount on the sunroof.

 

[PrairieFella]

For you, a Kia Sorento with a pintle mount on the sunroof.

Which is significantly better than my golf cart and broken gwagons lol. Also sign me up.

 

[ModlrMike]

Plus side: a tariffed South Korea may be willing to give better deals to DND to protect industrial capacity.

Newer platforms require fewer sailors, so win, win, win.

 

[McG]

Trump is targeting Canada again. Will we see TACO again this time?

Canada aims for new U.S. trade deal by Aug. 1 as Trump threatens 35% tariffs: Carney

Donald Trump announced Thursday the U.S. will charge a 35 per cent tariff on Canadian imports starting Aug. 1. In an open letter to Mark Carney that was posted on Truth Social, Trump said the U.S. would increase the percentage if Canada responded.

www.ctvnews.ca

 

[dapaterson]

Good, so 35% increase on all electricity exports? And potash?

 

[HavokFour]

Trump is targeting Canada again. Will we see TACO again this time?

Canada aims for new U.S. trade deal by Aug. 1 as Trump threatens 35% tariffs: Carney

Donald Trump announced Thursday the U.S. will charge a 35 per cent tariff on Canadian imports starting Aug. 1. In an open letter to Mark Carney that was posted on Truth Social, Trump said the U.S. would increase the percentage if Canada responded.

www.ctvnews.ca

They really are just sending out the same copy of the same letter to every country, but just changing names and an arbitrary tariff %.

Update: I am seeing talk that CUSMA goods may be keeping their exemption, if true then this is just more indeed.

 

[Czech_pivo]

They really are just sending out the same copy of the same letter to every country, but just changing names and an arbitrary tariff %.

Update: I am seeing talk that CUSMA goods may be keeping their exemption, if true then this is just more indeed.

This could be a carrot and stick approach by him as the current 'deadline' is for an agreement to be in placed by 21 July based on the G7 meetings/discussions.

 

[RangerRay]

This could be a carrot and stick approach by him as the current 'deadline' is for an agreement to be in placed by 21 July based on the G7 meetings/discussions.

More like he’s desperate to get something by that date. Apparently, there hasn’t been a line of countries beating down the White House door to make crappy deals with someone who has a history of reneging on deals.

 

[Czech_pivo]

More like he’s desperate to get something by that date. Apparently, there hasn’t been a line of countries beating down the White House door to make crappy deals with someone who has a history of reneging on deals.

Turns out from what I've read this morning that our 'new' date for an agreement has been pushed back to 1 Aug. So this 'new' 35% tariff is his attempt to draw a red line under the 1 Aug date.

What everyone seems to be forgetting is that NONE of these 'agreements' (such as the UK or Vietnam ones) are in fact law until Congress votes on them and it passes within Congress. Up until then, there is NOTHING preventing Trump from ignoring the agreed upon agreement because its not become law in the US.