CAN-USA Tariff Strife (split from various pol threads)
- Thread starter Remius
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More evidence that we aren’t dealing with a reliable ally. He listens to the last person that talks to him…
QV
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Maybe. I wonder if Ottawa has discovered how important O&G is yet like the rest of the planet?
NearingZenith
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I doubt he even remembers who the Alberta Premier is or talking to her. His decision to exempt oil is going to be based on pure self-interest in keeping the price of gas low in America since he feels it’s a good determiner of the mood of Americans. Just like he asked OPEC at the WEF to increase production and lower the price of oil.
In some alternate timeline where Canada massively increased O&G production I don’t see it necessarily helping resolve Trump’s stated reasons for a trade war with Canada, in fact it might make things worse. If we exported more O&G to the US our trade deficit would be even larger and annoy Trump even more. In any case, the Trudeau government did support Keystone XL and it was the US that killed it under Biden. If we exported more O&G to other countries we would further reduce the WCS-WTI discount (which already shrank due to TMX coming online) which would increase the price the US pays for Canadian oil which again would annoy Trump. He even explicitly stated today that he’s looking at the price of WCS to see if we’re giving him a good price to determine whether he’s going to exempt oil from the tariffs or not.
https://globalnews.ca/news/10989873/trump-tariffs-canada-tariffs-oil/
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Big picture, maybe, but what about the compound effects of jacking up the price of petroleum & by-products, all those knock-on effects on the price of everything moved by things using petroleum products. Or does that only happen in Canada with the carbon tax, and American companies will graciously just absorb the extra costs? I'm not as optimistic.
Meantime, on the latest episode of "As the Tariff Turns," MOAR tea leaves: will they or won't they? Will it be enough? For who?
Canada could avoid U.S. tariffs for now with border action: Trump’s commerce pick
With the threat of a Feb. 1 tariff imposition looming, U.S. President Donald Trump’s pick to lead the Commerce Department says Canada could avoid tariffs in the short term if the government addresses border concerns – and those sentiments are being echoed by Newfoundland and Labrador Premier...
www.ctvnews.ca
Tick, tick, tick ...
daftandbarmy
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Looks like we'll know by tomorrow....
U.S. President Donald Trump says he will decide Thursday night if oil will be a target of the hefty tariffs he's threatening to impose on Canadian goods.
Speaking to reporters in the Oval Office on Thursday, Trump suggested he intends to go ahead with his plan to hit both Canada and Mexico with crippling 25 per cent tariffs on goods coming from those countries.
Trump says he's still weighing whether Canadian oil will be a tariff target
U.S. president said plan is still to hit Canadian goods with 25% tariffs on Feb. 1
U.S. President Donald Trump says he will decide Thursday night if oil will be a target of the hefty tariffs he's threatening to impose on Canadian goods.
Speaking to reporters in the Oval Office on Thursday, Trump suggested he intends to go ahead with his plan to hit both Canada and Mexico with crippling 25 per cent tariffs on goods coming from those countries.
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I think this is the same guy who was telling anyone who would listen that he was going to be the Treasury Secretary and that Trump wasn’t going to let RFK Jr. anywhere near HHS.Big picture, maybe, but what about the compound effects of jacking up the price of petroleum & by-products, all those knock-on effects on the price of everything moved by things using petroleum products. Or does that only happen in Canada with the carbon tax, and American companies will graciously just absorb the extra costs? I'm not as optimistic.
Meantime, on the latest episode of "As the Tariff Turns," MOAR tea leaves: will they or won't they? Will it be enough? For who?
Also archived here -- from the piece ...Canada could avoid U.S. tariffs for now with border action: Trump’s commerce pick
With the threat of a Feb. 1 tariff imposition looming, U.S. President Donald Trump’s pick to lead the Commerce Department says Canada could avoid tariffs in the short term if the government addresses border concerns – and those sentiments are being echoed by Newfoundland and Labrador Premier...
View attachment 90901
Tick, tick, tick ...
I don’t think he knows what’s in his boss’ head.
OldSolduer
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Donald Trump is....words fail me. Part of it is his not very diplomatic approach to dealing with....anyone or anything.
He's blunt, tends to piss people off, and seems to constantly change his mind.
And people hated Dubya....but at least he was kind of predictable.
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Trump may give Cdn oil and gas a carve out, but you can bet your bottom dollar Ottawa won't.
daftandbarmy
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Hit the BRICS...
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What's the over/under on whether we suddenly announce some sole-sourced military funding event before tomorrow morning in an effort to appease Trump?
Another 18-24 F35's? Another 4 P-8's? Maybe 2-3 squadrons of Black Hawks? What else?
Another 18-24 F35's? Another 4 P-8's? Maybe 2-3 squadrons of Black Hawks? What else?
IKnowNothing
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From our perspective- we have a balanced trade relationship, with a completely separate, mutually beneficial oil arrangement. Trump complaining about the imbalance while exempting the oil is talking out both sides of his mouth, because oil is the source of the deficit
From his perspective- why should he care about balancing the aggregate "other" part of the trade relationship? why view them separately?
He wants our oil and minerals, as cheap as he can get them. (Statements to the contrary are posturing)
He wants our manufacturing jobs.
He wants our dairy markets open.
He wants a balanced trade ledger (at worst, I'm sure he would love a surplus), while maintaining the resource imports. The impact of that relationship on our economy is Canada problem, not a DJT problem.
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daftandbarmy
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There's a couple of problems with that 'appeasement' thing most people seem to be forgetting about these days...
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To be kind, he may not know what's in his boss' head any more than anyone looking at POTUS47 from the outside in.
