1530 replies to this topic

[Victoria Watcher]

Trump will not be imposing tariffs today, a White House official said. Instead, the president plans to issue an executive order that will direct federal agencies to investigate unfair trade and currency practices by other nations, singling out China, Mexico and Canada.

 

 

https://www.nytimes....tive-orders-new

[Victoria Watcher]

About half the value of Canada’s output in mining and oil and gas is exported to the U.S. and about a third of manufacturing, though the percentage is higher in the auto sector at about 50 per cent and in aerospace at 40 per cent.

 

Oil and gas and the auto industry have attracted the most attention amid trade concerns and are most dependent on the U.S. for exports, but they are also most likely to be exempted, said Desjardins.

 

America doesn’t produce enough crude oil to meet its needs and gets 58 per cent of its imported oil from Canada. Slapping tariffs on this product would risk raising prices which goes against Trump’s promise to bring fuel costs down.

 

The auto industry is highly integrated, meaning that exporter and importer are often the same parent company. Half of the General Motors Co. pickup trucks sold in the U.S., for example, are imported from Canada and Mexico, said the report. If their costs go up, these multinational giants are likely to lobby for exemptions.

 

The primary metals sector, food and beverage manufacturing, chemicals, machinery and aerospace, however, are not so lucky and Desjardins considers them most vulnerable to tariff pain.

 

Canada exports about 41 per cent of its primary metal production to the U.S. and Quebec exports 54 per cent, representing in dollars about $44 billion and $16 billion, respectively, said the report. Though American does not produce enough of these products to meet its needs, it can get them through other foreign suppliers. Desjardins calculates that if tariffs reduce demand in this sector by 10 per cent, industry revenues would slump 4.1 per cent in Canada and 5.4 per cent in Quebec.

 

Other sectors are vulnerable because America already makes enough of their products on its own. This is true for lumber, transportation equipment other than autos, paper and cardboard, agricultural food and petroleum-based products.

 

 

 

https://financialpos...would-hurt-most

Edited by Victoria Watcher, 20 January 2025 - 06:29 AM.

[Mike K.]

Dollar has surged to 70 cents.

[Mike K.]

I say surged, because it’s nice to see it finally heading in the other direction and back into the 70s

[Victoria Watcher]

US President Donald Trump on Monday said that he will declare a national energy emergency aimed at boosting US oil and gas production.

 

During his inauguration speech, Trump said, "The inflation crisis was caused by massive overspending and escalating energy prices, and that is why today I will also declare a national energy emergency. We will 'Drill, baby, drill!'" Trump said 

 

 

https://www.livemint...7393796407.html

 

 

 

 

 

No immediate tariffs and no mention of Canada in his entire speech.  I guess that's a win for us.     

Edited by Victoria Watcher, 20 January 2025 - 10:01 AM.

[Victoria Watcher]

Uh oh, he's talking again, now with no teleprompter.

[Mike K.]

It's been two and half hours. Has he finished? I only got to see a snippet while at a bank today, they had the proceedings on their main TV in the lobby.

 

No sound though, so I had to rely on lip reading and I think, if I got it right, that he said he would be opening a Trump Hotel in Victoria.

[lanforod]

Great way to fund a pool.

[Mike P.]

Trump said he will most likely start tariffs on Feb 1st, still calling Trudeau a Governor.

[Mike P.]

And threatens 100% tariffs on Spain and other G7 or NATO (I missed it) countries unless they increase military expenses.

Edited by Mike P., 20 January 2025 - 04:57 PM.

[Mike P.]

He also pardoned 1,500 January 6 defendants.

[Mike K.]

Ok Canada.

Can our pundits and media personalities please not mock the US president for two weeks. Please.

[Mike P.]

He cited migrants and fentanyl as the reason.

He also threatened 100% tariffs on China if they refuse to give 50% of tiktok to the US.

Edited by Mike P., 20 January 2025 - 05:18 PM.

[Mike P.]

He also said something in the line of cleaning up Seattle and Portland from the filth that destroyed these cities. Victoria should listen and take notes, we are in the same boat as these 2 cities.

[Mike K.]

News emerging about a shooting of a US border agent near the Vermont border.

[m3m]

He also pardoned 1,500 January 6 defendants.

Disappointing …

He also is withdrawing USA out of WHO

[Barrister]

Back to 69 cent dollar.

[Victoria Watcher]

Three-Quarters (77%) of Canadians Want an Immediate Election to Give Next Government Strong Mandate to Deal With Trump’s Threats

 

https://www.ipsos.co...ediate-election

[max.bravo]

Given the current state of our government, are we able to do anything at all (at a federal level) about any future tariffs?

Hypothetically speaking, if Trump were to invade Canada with military, would we be able to initiate defensive action? (Yes yes I know this is unlikely)

[m3m]

Why wouldn’t Canada be able to initiate defensive action ?