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American tariffs and the global response to American tariffs


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#21 Mattjvd

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Posted 08 August 2018 - 08:34 AM

Isn't Canada one of the largest producers of aluminum?

Yes, but not a large producer of turning that aluminum into cans.

 

Maybe this creates an incentive for industry to pop up.


Edited by Mattjvd, 08 August 2018 - 08:34 AM.

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#22 Mike K.

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Posted 09 August 2018 - 09:45 AM

Reuters is reporting US tariffs are taking a toll on China’s political sphere as infighting starts to dog the upper echelons of power.

Essentially an overly nationalistic stance by the Chinese is creating a situation that the Americans are all too happy to exploit.

More: https://www.reuters....s-idUSKBN1KU0TU

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#23 Rob Randall

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Posted 10 August 2018 - 12:45 PM

Proposed 10% duties by the Trump administration last month on $200 billion worth of imports from China included dozens of varieties of fish, from tilapia to tuna. The proposed tariffs, which could increase to 25%, are set to be decided in September by trade representatives.

An estimated $900 million worth of fish and seafood on that list is first caught in the U.S., sent to China for processing into items like fish sticks and fillets, and then imported by U.S. companies to sell to American consumers.

...

Many pink salmon, for example, are caught by commercial fishermen in southeast Alaska. The fish are transported to processing plants to be headed, gutted and frozen, before being loaded into shipping containers bound for China. Once there, they are thawed, deboned, smoked, filleted or turned into salmon burgers for sale world-wide, including to the U.S.

 

https://www.mornings...d-at-china.html


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#24 jonny

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Posted 10 August 2018 - 03:32 PM

^ Global trade is really crazy. 

 

I was looking at my golf clubs the other day. The shafts were made in the USA. The heads were made in China. They 'clubs' were assembled in China. The shafts were made on this side of the Pacific, sent to China to be attached to the heads and then sent back. Caraaazy. 



#25 Mike K.

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Posted 10 August 2018 - 04:44 PM

Sounds like these tariffs should be every environmentalist’s dreams.

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#26 LJ

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Posted 14 August 2018 - 07:40 PM

Well I see that Canada is now going to put a tariff on cheap steel coming into the country. I can see this tariff business working real well down the road.

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#27 AllseeingEye

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Posted 30 September 2018 - 09:13 PM

Well only hours before a midnight deadline, the US and Canadian governments have agreed to a renewed NAFTA deal - now renamed the US-Mexico-Canada Agreement - that would allow US farmers greater access to Canada's dairy market and address concerns about potential US auto tariffs.

 

Haven't seen all the details as yet which likely won't be known until tomorrow, but it will be interesting to see what nitty gritty "give and take" transpired between our two countries. Otherwise this CBC piece has lots of boilerplate and feel good motherhood statements which will have to suffice for now:

 

https://www.cbc.ca/n...trump-1.4844623



#28 Victoria Watcher

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Posted 01 October 2018 - 03:56 AM

sounds like whatever we gain on cheap dairy we'll lose on higher taxes as farmers here will be "compensated".



#29 lanforod

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Posted 01 October 2018 - 08:20 AM

^ folks who think the US has cheaper dairy than here need to travel further south than Seattle. Plenty of places you'll find dairy (and eggs) around the same price as here, or even more expensive.



#30 Bingo

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Posted 01 October 2018 - 09:59 PM

 
Chair of the Dairy Producers of Manitoba calls the U.S.-Mexico-Canada Agreement a death by 1,000 cuts.

While Americans get more access to the Canadian market, the USMCA decreases Canada's access to the U.S. market, Wiens said.

"So it'll have a double impact," he said. "It's a major blow for dairy farmers in Canada but also for the other 200,000 people who are, in one way or another, involved in the dairy industry."

https://www.cbc.ca/n...farmer-1.484522



#31 Victoria Watcher

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Posted 02 October 2018 - 05:38 AM

the simple fix it to throw the border wide open for dairy but have our government match any subsidy the US producers receive.  then it's a even playing field.   



#32 amor de cosmos

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Posted 02 October 2018 - 09:25 AM

^ Maybe you mean "simplistic"?
 

The trade pact will come up for review every six years, which will give the U.S. a "significant new form of leverage" to make sure the arrangement is to its liking, according to the senior American official.

"It's a good day for Canada," Prime Minister Justin Trudeau said.

https://www.cnbc.com...rade-talks.html

Just like the original NAFTA this is definitely not a normal trade deal, this one allows at least one of the other parties to veto the trade deals one of us has (or may have) with non-USCMA countries:

However, the USMCA includes language that requires signatories to give notice if they plan to negotiate a free trade deal with a “non-market country,” and to allow the other two signatories at least a month to review any agreement before it is signed. It explicitly states that if one of the signatories enters into such an agreement, the other two have the right to withdraw from the USMCA with six months’ notice.

The use of the phrase “non-market country” seems a clear reference to China. Under Trump, the U.S. has complained to the World Trade Organization that China should not be considered a “market economy.” However, the USMCA clause does not rely on WTO definitions — the way it is worded, if the U.S., Canada or Mexico “determines” a country isn’t a market economy, then for the purposes of the clause, it isn’t.

Paul Evans, a professor at the University of British Columbia, said the “astonishing” clause appears to pull Canada into line with the U.S. as the Americans engage in an escalating trade war with the Chinese — as of last month, the Washington and Beijing had slapped new tariffs on US$360 billion worth of bilateral trade in goods. “It’s a severe restriction on Canadian independence and capability,” said Evans.

Toronto trade lawyer Lawrence Herman agreed. “It was part of Canada’s concession to the U.S., to show Trump and co. that Canada can be counted on as an ally in dealing with China,” he said. “This goes both ways, of course, and assures that Canada gets information on all U.S.-China trade talks as well.”

Peter Clark, an Ottawa trade consultant, said the U.S. is trying to “control our negotiations with China” with an unusual provision that had not been discussed publicly until now. “This type of extra-territorial pressure is unique to this agreement,” he said.

https://nationalpost...e-talks-experts

& sure enough that's exactly what it says. "Non-market country" is so comically imprecise I can hardly believe it made it into the actual text. Maybe since it has 1800+ pages they bet on nobody actually reading it:

Article 32.10: Non-Market Country FTA

1. At least 3 months prior to commencing negotiations, a Party shall inform the other Parties of its intention to commence free trade agreement negotiations with a non-market country. For purposes of this Article, a non-market country is a country that on the date of signature of this agreement at least one Party has determined to be a non-market economy for purposes of its trade remedy laws and is a country with which no Party has a free trade agreement.
2. Upon request, the Party shall provide as much information as possible regarding the objectives for those negotiations.
3. As early as possible, and no later than 30 days before the date of signature, that Party shall provide the other Parties with an opportunity to review the full text of the agreement, including any annexes and side instruments, in order for the Parties to be able to review the agreement and assess its potential impact on this Agreement. If the Party involved requests that the text be treated as confidential, the other Parties shall maintain the confidentiality of the text.
4. Entry by any Party into a free trade agreement with a non-market country, shall allow the other Parties to terminate this Agreement on six-month notice and replace this Agreement with an agreement as between them (bilateral agreement).
5. The bilateral agreement shall be comprised of all the provisions of this Agreement, except those provisions the relevant Parties decide are not applicable as between them.
6. The relevant Parties shall utilize the six-month notice period to review the Agreement and determine whether any amendments should be made in order to ensure the proper operation of the bilateral agreement.
7. The bilateral agreement enter into force 60 days after the date on which the parties to the bilateral agreement have notified each other that they have completed their respective applicable legal procedures.

https://ustr.gov/sit... Provisions.pdf

Edited by amor de cosmos, 02 October 2018 - 09:28 AM.


#33 Victoria Watcher

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Posted 02 October 2018 - 10:16 AM

it’s trilateral though. if the us makes a deal with uganda we do not like we can exit too.

#34 dasmo

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Posted 03 October 2018 - 01:41 PM

How come no one is talking about our big win! WE got two letters like the US! IT was going to be USMC but now it's USMCA. Good job!!!! 



#35 Greg

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Posted 03 October 2018 - 02:00 PM

How come no one is talking about our big win! WE got two letters like the US! IT was going to be USMC but now it's USMCA. Good job!!!! 

 

CAMUS would be a much easier to pronounce acronym, but you know, America First!


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#36 RFS

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Posted 03 October 2018 - 03:01 PM

CAMUS would be a much easier to pronounce acronym, but you know, America First!

Canadian Agreement Mexico United States?  You know the 'A' isn't for CA as in Canada right?



#37 dasmo

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Posted 03 October 2018 - 03:02 PM

CAMUS would be a much easier to pronounce acronym, but you know, America First!

Yes America first but before we were just a C. Now we are at least a CA. I bet Mexico is pissed they didn't negotiate USMXCA..... 


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#38 Wayne

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Posted 03 October 2018 - 06:17 PM

You are all missing the big point.  This is a great win for the Canadian middle class.

 

https://www.cbc.ca/n...-deal-1.4845219

 

See they said so.



#39 lanforod

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Posted 03 October 2018 - 09:04 PM

Would have been a better win if Canada could have made it easier for cross border work. No progress there.



#40 LJ

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Posted 09 October 2018 - 06:27 AM

^ folks who think the US has cheaper dairy than here need to travel further south than Seattle. Plenty of places you'll find dairy (and eggs) around the same price as here, or even more expensive.

Don't know where you have been shopping but in AZ you can always find a gallon of milk for $.99 and eggs for $.88.

With 5 major vendors in the area if you just shop the loss leaders you save about 70%. After conversion our food  bill is about 1/3 of our Canadian bill.


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