Canada slaps 25% tariffs on C$155 billion of US goods Trudeau says C$30 billion will take effect on Tuesday
Duties on the remaining C$125 billion in 21 days
PM vows to work with provinces on non-tariff measures
OTTAWA, Feb 1 (Reuters) - Canada will retaliate against President Donald Trump'snew tariffs with 25% levies on a raft of U.S. imports, Prime Minister Justin Trudeau said on Saturday, warning Americans that Trump's actions would have real consequences for them.
Really expected that Trump would give Canada and Mexico months to deliver better trading terms but he dropped a bomb. I just spent two weeks in Mexico and the natives are panicking.
Those in the tourist industry? They are a little more hopeful. If the Peso continues to fall, the cost of trips to Mexico will get much cheaper.
Canadian snowbirds in Mexico, Florida, and Arizona are thinking about selling their vacation homes. Too expensive to vacation in the states with a lower Canadian dollar.
Thomas Sowell: There are no solutions, just trade-offs.
AGAIN, who depends on who? If you finally figure that out (which I doubt), you'll also understand who is holding all the cards. The US will no longer be walked on by the countries that would crumble without us.
BTW HA, using the word "bloodbath" is violent language that is unacceptable in your party. Be better...Hahaha
A fact is information without emotion.
An opinion is information shaped by experience.
Ignorance is an opinion without knowledge.
Stupidity is an opinion the rejects facts.
THIS is the beginning....in several more months/MARCH.APRIL, MAY ....the full impact will be known. Can't u see the WHOLE picture??? (9/11/2001).....if the dots would have been connected and SOMEONE drew the picture,could it have been a NON EVENT?
I have been catching up reading two week old Wall Street Journals after my vacation. The News Cycle has been crazy since the inauguration. Stories are off the page in only 24 or 48 hours. The media is having a hard time keeping up with Trump's Full Court Press.
Simply amazing. I really thought Trump would enter office and just work on feathering his own nest and maybe get revenge on a few people but instead Musk/Trump are shaking DC down to the roots. He might be the most important American president since Reagan.
Thomas Sowell: There are no solutions, just trade-offs.
FredHayek wrote:
Simply amazing. I really thought Trump would enter office and just work on feathering his own nest and maybe get revenge on a few people but instead Musk/Trump are shaking DC down to the roots. He might be the most important American president since Reagan.
Finally waking up to who Trump is and what he wants? Why would you think he would "feather his own nest"? He didn't take a salary then and he's not taking a salary now. He lost billions in his first term and still came back to do it again.
Trump has a huge ego, which is what the left thinks is a bad thing. I see it as a necessary element when your goal is to prove the Democrats wrong and create a great legacy. I don't know if he'll succeed, but at least he's the first president I can think of (in my life) to put the country before his own interests.
Now, cue the CNN addict that will scream at me in all caps...
A fact is information without emotion.
An opinion is information shaped by experience.
Ignorance is an opinion without knowledge.
Stupidity is an opinion the rejects facts.
Trump is putting 30 day pause on tariffs for Mexico as the Mexican president suddenly wants to work out a deal. Art of the Deal being played out... how refreshing.
A fact is information without emotion.
An opinion is information shaped by experience.
Ignorance is an opinion without knowledge.
Stupidity is an opinion the rejects facts.
The announced tariffs are “not only larger but different in nature [from] the actions incorporated in our baseline forecast,” said Kasman. With large tariffs concentrated on the U.S.’s neighbors, the resulting negative supply shock will likely have “far bigger spillovers to the U.S.” That’s in addition to surging costs for moving goods across borders, depressing North American business sentiment, another thing economic models can’t capture.
The bank also discussed unintended consequences, such as fallout from deporting a million people in the U.S. and a slowing inflow of new immigrants. Deportations are seen knocking 0.5% off GDP by 2026, but the shock could be magnified due to the sectors affected — agriculture, hospitality and construction and a tighter U.S. labor market, said the economists. PER MARKET WATCH.....U THINK THIS MIGHT HAVE A BEARING ON SOMETHING?