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

[dapaterson]

We should consider beginning a carefully calculated sale of some of our U.S. treasuries holdings.

We in conjunction with other affected nations should consider beginning a carefully calculated sale of some of our US treasuries holdings.

 

[Good2Golf]

and guarantees of increased oil and gas exports.

Which the U.S. doesn’t need, of course.

 

[tomydoom]

Which the U.S. doesn’t need, of course.

Well they could always import what they need from the Persian Gulf, oh wait… Nevermind.

 

[Altair]

Key U.S. demands included:

• Lifting Alcohol Bans: Provinces must end retaliatory bans on U.S. liquor and wine, returning American products to store shelves.

Sure, fair enough, I suppose.

• Dairy Market Access: Canada must modify its supply management system to allow greater access for U.S. dairy producers, specifically regarding quota allocations.

Quotas only might seem fair, would need more details.

• Automotive Concessions: Canada must remove retaliatory tariffs on U.S. automobiles and accept tariff reductions that exempt only American-made content in vehicles, rather than all North American content.

Bull. Garbage.

• Security and Energy: The U.S. demanded preferential access to Canadian critical minerals, Canada’s purchase of F-35 fighter jets, participation in the U.S. “Golden Dome” missile defense system, and guarantees of increased oil and gas exports.

No, no, no and whatever.

• USMCA Overhaul: Future agreements must address a protectionist rewrite of the USMCA, including raising required North American content for autos from 75% to 82% and mandating 50% U.S. content in vehicles produced in Mexico and Canada.

Absolute trash.

Highlights are mine.

Thank you.

 

[MilEME09]

For the record. It was the Americans blowing up the deal that was being discussed by trying to pull a last minute fast one... again.

Bring on the November midterms bloodbath.

Statement by Prime Minister Carney on Canada-U.S. trade negotiations

We have recognised from the beginning that America has changed, and that we will not return to our old relationship. Our government understood, before many, that America is altering all its trade relationships. Putting tariffs on its closest allies and charging for access to its vast market.

www.pm.gc.ca

So basically they tried to change it last minute, and use the deadline and tariff threat to strong arm us into something? Our team then told the to essentially "get F**ked"? That about sum it up? They should release what the last minute change was, because if it was truly bad, most canadians will stand behind telling the US no.

 

[lenaitch]

So who to believe. Certainly not Team Carney. As inferentially pointed out by CNN, Canada isn’t relevant anymore to the US economy. Yes there’s a trade war, but they’ll replace Canada within months.

Fine. They can get their potash and aluminum from someplace else then.

I was never confident that any we we agreed to would stick anyway. He upended CUSMA, he would have upended whatever this was going to be.

If their 'Security and Energy' demands are accurate, how can anyone on our side say that was something we should agree to?

 

[brihard]

Let’s not forget that Trump’s section 338 tariffs face legal challenge the same as all his other ones. He already exhausted attempts to use the easier and less legally unsound approaches. It will take time for this to work through the U.S. Court of International Trade, but it will.

Remember again that CUSMA still stands and protects most of our bilateral trade, and that this was an attempt by the U.S. to strong arm us into legitimizing what are probably illegal tariffs in the first place. We watched the rest of the world sign on to bad trade deals and then get knifed in the back as soon as Trump had a bad night’s sleep or the right person whispered in his ear. Some short term pain is likely necessary for us to endure to fend off coercion.

73 days til the midterms.

 

[Halifax Tar]

Are the alcohol bans staying in place ?

I miss good bourbon...