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

Also, as an FYI, by law, when you open any sort of financial account in Canada, every single Canadian financial services company is required to ask if your also a 'US Citizen' AND they are required to look for ANY signs if you maybe a US Citizens - like 'place of birth' saying US if you use your passport to open up an account as one of your pieces of ID. If they find this, then they are legally required to put down your citizenship as both Canadian and US and voila, at the end of each year your name, account numbers and account values are sent by that Canadian financial institute to the CRA where the CRA then bundles them all up and sends them down to the US/IRS.

This law is called FATCA and it came into affect about 10yrs ago.

Supposedly, though I've never met anyone who has 'seen' one, the IRS is legally obligated to do the same thing with for any Canadian citizen that has open US financial accounts as well. Given that the US has hundreds/thousands of financial institutions and how fragmented and under-technology alot of them are, I doubt that this list exists or if it’s anywhere near complete/accurate.
My wife is a US citizen, the same was true when we opened a bank account here in Ireland. She had to declare she was a “US Person”, conversely I had to declare I was NOT and US person.
 
Wait them out. Go through all the motions, smile and nod if you must, but don't give up an inch and wait for sane leadership in the White house again. Once a Democrat or sane Republican is in office, sign a 50 year deal that cannot be ripped up, and then spend that time diversifying the hell out of our trade landscape.
Mr Bean Waiting GIF by Bombay Softwares
 
My wife is a US citizen, the same was true when we opened a bank account here in Ireland. She had to declare she was a “US Person”, conversely I had to declare I was NOT and US person.
Yes, ever single foreign financial institution has to perform this exercise.

Also, any joint accounts that you have with your wife will be sent over to the IRS at the end of every year.
 
Yes, ever single foreign financial institution has to perform this exercise.

Also, any joint accounts that you have with your wife will be sent over to the IRS at the end of every year.
And she has the joy of filing 3 tax returns, despite never having earned a dime in the United States. She does however have some Canadian income which necessitates both the Canadian and Irish tax returns. I on the other hand file zero tax returns, as Ireland only requires one if you have income from non-employment sources. The Irish government, like all governments, know exactly how much you owe and have your employer deduct that.
 
And she has the joy of filing 3 tax returns, despite never having earned a dime in the United States. She does however have some Canadian income which necessitates both the Canadian and Irish tax returns. I on the other hand file zero tax returns, as Ireland only requires one if you have income from non-employment sources. The Irish government, like all governments, know exactly how much you owe and have your employer deduct that.
I hear you. Its a very costly process, consumes extra time and adds stress.
 
International matters don't lend themselves subject to domestic courts, and Trump seems quite comfortable with ingnoring or bypassing his own.
The one thing trump has respected...okay, respected is too strong a word, abided by, has been court rulings.

Since unilaterally leaving CUSMA without Congressional approval would be a clear violation of the Constitution, unilaterally going agaisnt a act of Congress, it wouldn't survive the week.

Even his own trade reps are saying so, and I don't think Trump wants yet another bruising loss at the SCOTUS.

The Emperor has no clothes.
 
A couple words from the other side.

More of the same in one ear, out the other.

They are mad we aren't more reliant on them while going out of their way to weaponize our reliance on them.

I cannot tell if the Americans are evil, dumb or both.
 
A couple words from the other side.

More of the same in one ear, out the other.

Anyone gonna clue Mr. Greer in to the fact that for Canada, a foreign country, trading with the U.S. is globalization?

The good news for him is American companies already enjoy massive access to Canada as both suppliers and customers, if he can resist the urge to much that up.

The current U.S. administration claims to be big on making deals. They should be less mad about us making deals. They chose to hamper their own market competitiveness by subjecting our inputs to taxes that their own people and companies have to pay. Don’t blame us for the own goal there, champ.
 
Some interesting info about the trade "disputes"/

I realize some of you don't like the presenter but what info is he and Brian Lilley incorrect? Not Factual?

 
If you'd rather read:


“Washington demanding ‘entry fee’ from Ottawa before trade talks: sources, CBC’s headline read.

The story ran online, on radio and on TV all day, making it sound like the Americans wanted a cash payment to start negotiations. On social media, people just saw the headlines, which means they were left with the false idea that the Yanks were telling us to pay up or something bad might happen.

Given that the Trump administration has launched the Trump Gold Card that will grant wealthy investors a visa to live in the U.S. for $1 million, the idea of a shakedown may not be far-fetched. In this instance, though, when it comes to Canada-U.S. trade negotiations, it’s not happening.

You wouldn’t know that from the way this story is presented, and you’d also be left with some other false impressions as well.

Canada’s national media is not doing a good job or presenting a fact-based reality to the public on the issue of trade talks.

In the CBC story claiming the Americans wanted an entry fee, they also claimed that Canada had already given the United States concessions and got nothing in return. They pointed to the Canadian government rolling back some retaliatory tariffs last September and to scrapping the Digital Services Tax.

The tariffs the Carney government rolled back last year were on consumer goods like food, coffee, furniture, and appliances. The Americans had imposed tariffs on our steel, aluminum and autos while we responded with tariffs on those goods coming from the U.S.

We also imposed $30 billion worth of tariffs on consumer goods that the Americans had not tariffed.

Their announcement of a 25% tariff on virtually everything on March 4, 2025, was clarified by March 6 to make clear that CUSMA compliant goods were not subject to the American tariffs. By that point we had already imposed our counter tariffs on CUSMA compliant goods, and we didn’t lift them.

We kept them on until September 2025 in violation of CUSMA.

As for the Digital Services Tax, this was a measure that had been opposed not only by the Trump administration but the Biden administration before it. The DST is a clear violation of Article 19 of CUSMA, a point both Democrats and Republicans had made as the Trudeau government was passing it into law.

The DST was supposed to come into effect on June 30, 2025, with a big retroactive payment owed by tech giants like Amazon, Apple, and Meta. In the days leading up to the implementation, Canada and the United States were in deep negotiations on tariffs.

The American side asked Carney’s team to pause implementing the tax as a show of good faith.

They refused.

Trump announced that due to this move, trade talks with Canada were called off indefinitely. On Sunday, June 29, just minutes before the tax was supposed to come into effect, the Carney government announced they would kill the tax completely.

All they had to do was pause it on Friday, maybe even use it as leverage later on, but they refused and tried to look tough — a move that backfired.

So no, we haven’t given concessions to the Americans, we’ve taken two moves that saw us live up to the existing agreement, the one we want them to live up to.

There is no demand for an entry fee, but the Americans would like the Canadian side to offer something, like allowing American booze back on the shelves, to get talks going. The Americans have never taken Canadian booze off the shelves, and more Crown Royal is still sold in Texas than all of Canada.

In 2024, Canadian exports to the US amounted to $419 billion USD, our next biggest market was China at $21 billion USD. We can’t pivot away from that kind of market overnight; we need to stop playing games, get to the table and get a deal.

Sadly, it seems that the Carney government, and most Canadians, would rather fight Trump than get a deal that will protect Canadian jobs."
 
Gwt
If you'd rather read:


“Washington demanding ‘entry fee’ from Ottawa before trade talks: sources, CBC’s headline read.

The story ran online, on radio and on TV all day, making it sound like the Americans wanted a cash payment to start negotiations. On social media, people just saw the headlines, which means they were left with the false idea that the Yanks were telling us to pay up or something bad might happen.

Given that the Trump administration has launched the Trump Gold Card that will grant wealthy investors a visa to live in the U.S. for $1 million, the idea of a shakedown may not be far-fetched. In this instance, though, when it comes to Canada-U.S. trade negotiations, it’s not happening.

You wouldn’t know that from the way this story is presented, and you’d also be left with some other false impressions as well.

Canada’s national media is not doing a good job or presenting a fact-based reality to the public on the issue of trade talks.

In the CBC story claiming the Americans wanted an entry fee, they also claimed that Canada had already given the United States concessions and got nothing in return. They pointed to the Canadian government rolling back some retaliatory tariffs last September and to scrapping the Digital Services Tax.

The tariffs the Carney government rolled back last year were on consumer goods like food, coffee, furniture, and appliances. The Americans had imposed tariffs on our steel, aluminum and autos while we responded with tariffs on those goods coming from the U.S.

We also imposed $30 billion worth of tariffs on consumer goods that the Americans had not tariffed.

Their announcement of a 25% tariff on virtually everything on March 4, 2025, was clarified by March 6 to make clear that CUSMA compliant goods were not subject to the American tariffs. By that point we had already imposed our counter tariffs on CUSMA compliant goods, and we didn’t lift them.

We kept them on until September 2025 in violation of CUSMA.

As for the Digital Services Tax, this was a measure that had been opposed not only by the Trump administration but the Biden administration before it. The DST is a clear violation of Article 19 of CUSMA, a point both Democrats and Republicans had made as the Trudeau government was passing it into law.

The DST was supposed to come into effect on June 30, 2025, with a big retroactive payment owed by tech giants like Amazon, Apple, and Meta. In the days leading up to the implementation, Canada and the United States were in deep negotiations on tariffs.

The American side asked Carney’s team to pause implementing the tax as a show of good faith.

They refused.

Trump announced that due to this move, trade talks with Canada were called off indefinitely. On Sunday, June 29, just minutes before the tax was supposed to come into effect, the Carney government announced they would kill the tax completely.

All they had to do was pause it on Friday, maybe even use it as leverage later on, but they refused and tried to look tough — a move that backfired.

So no, we haven’t given concessions to the Americans, we’ve taken two moves that saw us live up to the existing agreement, the one we want them to live up to.

There is no demand for an entry fee, but the Americans would like the Canadian side to offer something, like allowing American booze back on the shelves, to get talks going. The Americans have never taken Canadian booze off the shelves, and more Crown Royal is still sold in Texas than all of Canada.

In 2024, Canadian exports to the US amounted to $419 billion USD, our next biggest market was China at $21 billion USD. We can’t pivot away from that kind of market overnight; we need to stop playing games, get to the table and get a deal.

Sadly, it seems that the Carney government, and most Canadians, would rather fight Trump than get a deal that will protect Canadian jobs."
Get a deal at what price?
Easy to lob this over the fence. When countries like Australia, which has a trade deficit with the US prior to Trump, are forced to pay a 10% tariff, why would we in Canada be beating down the doors for a similar deal?
Cusma has still 10yrs left on it - do you know and understand that? There is a small chance that Trump attempts to pull out of Cusma but that 6 month process can’t start until July 1, meaning Cusma could only cease on Jan 1/27 - which is after the November midterm elections. Trump needs to have Congress approve this. Do you actually think that the Republicans are going to gain or lose seats in November? It’s more likely that he won’t have the numbers in Congress to vote his way and kill Cusma
Understand that time is definitely on our side here. We are in the drivers seat on this.
 
If you'd rather read:


“Washington demanding ‘entry fee’ from Ottawa before trade talks: sources, CBC’s headline read.

The story ran online, on radio and on TV all day, making it sound like the Americans wanted a cash payment to start negotiations. On social media, people just saw the headlines, which means they were left with the false idea that the Yanks were telling us to pay up or something bad might happen.

Given that the Trump administration has launched the Trump Gold Card that will grant wealthy investors a visa to live in the U.S. for $1 million, the idea of a shakedown may not be far-fetched. In this instance, though, when it comes to Canada-U.S. trade negotiations, it’s not happening.

You wouldn’t know that from the way this story is presented, and you’d also be left with some other false impressions as well.

Canada’s national media is not doing a good job or presenting a fact-based reality to the public on the issue of trade talks.

In the CBC story claiming the Americans wanted an entry fee, they also claimed that Canada had already given the United States concessions and got nothing in return. They pointed to the Canadian government rolling back some retaliatory tariffs last September and to scrapping the Digital Services Tax.

The tariffs the Carney government rolled back last year were on consumer goods like food, coffee, furniture, and appliances. The Americans had imposed tariffs on our steel, aluminum and autos while we responded with tariffs on those goods coming from the U.S.

We also imposed $30 billion worth of tariffs on consumer goods that the Americans had not tariffed.

Their announcement of a 25% tariff on virtually everything on March 4, 2025, was clarified by March 6 to make clear that CUSMA compliant goods were not subject to the American tariffs. By that point we had already imposed our counter tariffs on CUSMA compliant goods, and we didn’t lift them.

We kept them on until September 2025 in violation of CUSMA.

As for the Digital Services Tax, this was a measure that had been opposed not only by the Trump administration but the Biden administration before it. The DST is a clear violation of Article 19 of CUSMA, a point both Democrats and Republicans had made as the Trudeau government was passing it into law.

The DST was supposed to come into effect on June 30, 2025, with a big retroactive payment owed by tech giants like Amazon, Apple, and Meta. In the days leading up to the implementation, Canada and the United States were in deep negotiations on tariffs.

The American side asked Carney’s team to pause implementing the tax as a show of good faith.

They refused.

Trump announced that due to this move, trade talks with Canada were called off indefinitely. On Sunday, June 29, just minutes before the tax was supposed to come into effect, the Carney government announced they would kill the tax completely.

All they had to do was pause it on Friday, maybe even use it as leverage later on, but they refused and tried to look tough — a move that backfired.

So no, we haven’t given concessions to the Americans, we’ve taken two moves that saw us live up to the existing agreement, the one we want them to live up to.

There is no demand for an entry fee, but the Americans would like the Canadian side to offer something, like allowing American booze back on the shelves, to get talks going. The Americans have never taken Canadian booze off the shelves, and more Crown Royal is still sold in Texas than all of Canada.

In 2024, Canadian exports to the US amounted to $419 billion USD, our next biggest market was China at $21 billion USD. We can’t pivot away from that kind of market overnight; we need to stop playing games, get to the table and get a deal.

Sadly, it seems that the Carney government, and most Canadians, would rather fight Trump than get a deal that will protect Canadian jobs."
The headline where they put ‘entry fee’ in soft quotes and immediately talk about ‘concessions’ in the next line? Anyone misled by that was not attempting to engage with the content or to understand. Only so much can be spoon-fed in a headline.IMG_8751.jpeg
 
The headline where they put ‘entry fee’ in soft quotes and immediately talk about ‘concessions’ in the next line? Anyone misled by that was not attempting to engage with the content or to understand. Only so much can be spoon-fed in a headline.View attachment 99995
Put in place a 20% tax on all energy exports.

Then repeal it as the entry fee.

Problem solved.
 
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