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Tariffs

Trump Has Ignited A Wave Of Economic Defiance In Canada

The relationship between Canada and the United States, once a symbol of economic interdependence and diplomatic cooperation, now stands at a crossroads. The recent imposition of sweeping 25 percent tariffs on Canadian exports by U.S. President Donald Trump has ignited a wave of resistance in Canada. But beyond the sharp exchanges of political rhetoric and retaliatory measures, a quieter but resolute movement is emerging — one that is reshaping Canadian consumer behavior, business practices and national identity. In response, former Canadian Prime Minister Justin Trudeau swiftly retaliated with tariffs on $20.8 billion worth of American goods, signaling a sharp departure from Canada’s traditionally measured approach to trade disputes.

China Could Quickly Strangle American Tech With Metals Cutoff

There’s no telling exactly where the Trump administration’s trade war is going as the president authorizes tariffs and then quickly suspends them, only to authorize them again and suspend them again or provide waivers for certain industries. While tariffs on narrowly defined categories of goods to guard against unfair competition may be workable, the administration’s shotgun approach to tariffs risks a cutoff of strategic minerals that could strangle America’s tech industry. As I’ve written before, the United States is dangerously dependent on other countries for a wide-ranging list of metals and, in some cases, completely dependent.

Trump’s Trade War Escalates, Canada Responds With Retaliatory Tariffs

Trump’s trade war against the US’s neighbors Mexico and Canada, as well as China, continues with sweeping tariffs on the three countries going into effect just after midnight on Tuesday, March 4. A 25% tariff was added on all imports from Canada and Mexico, and an additional 10% tariff on imports from China. On March 5, Trump granted a one-month exemption on imports from Mexico and Canada for US automakers, following a conversation with the three largest auto manufacturers in the country: Ford, General Motors, and Stellantis, according to an announcement by White House press secretary Karoline Leavitt. Other levies remain in place.

Trump 2.0: The View From China

Donald Trump’s second term may not be all bad for all nations, especially China. According to many Chinese internet users, Trump’s policies have unwittingly strengthened their country. This is why he has earned the popular nickname “Chuan Jianguo,” which means “Make China Great.” Trump’s first term made at least three notable contributions to China’s rise: First, his presidency shattered the image of the US as a paragon of democracy for many Chinese, revealing political chaos and deep societal divisions in the US. For decades, some Chinese idealized the United States as a “beautiful country”: the literal translation of the Chinese name for the US.

Here’s How To Buy Canadian And Fight Trump Tariffs

Escalating trade tensions between Canada and the United States have ignited a new wave of Canadian patriotism, with consumers consciously choosing made-in-Canada products as an act of economic self-preservation and national pride. U.S. President Donald Trump imposed tariffs on most Canadian and Mexican goods on Tuesday. This, along with Trump’s calls to make Canada the 51st U.S. state, has prompted Canadians to rally around the so-called “Buy Canadian” movement. Recent research indicates a significant number of Canadians are now showing a strong preference for domestic products, with many willing to modify their purchasing behaviours.

Trump Says 25% Tariffs On Canada, Mexico Will Take Effect On Tuesday

President Trump has said that the US will impose 25% tariffs on Canada and Mexico on Tuesday, saying there’s “no room left” for the two countries to avoid the measures. Trump signed an executive order on February 1 to impose the 25% tariffs on all goods coming from Mexico and Canada with a carve-out for Canadian oil, which will be hit with a 10% tariff. Trump paused the tariffs for 30 days after speaking with the leaders of Canada and Mexico, who both pledged to work to stem the flow of fentanyl and migrants entering the US. But Trump said on Monday that drugs were still “pouring into our Country from Mexico and Canada at very high and unacceptable levels.”

Trump Provides An Opportunity To Change The Way We Look At Food

As the political and economic instability created by the goings-on south of the border continue, it is time for all of us to recall how we arrived at this juncture. It is also time to acknowledge that, despite common belief, there has never really been “free” trade with the United States, but rather only a series of measures that have encouraged the unhealthy integration of the Canadian economy into that of our southern neighbours and the ensuing enrichment and concentration of wealth in the hands of transnational corporate giants. Throughout these so-called free trade agreements (FTA, FTAA, NAFTA, CUSMA) the US has often filed unfair trade practice complaints that have led to international trade dispute panels.

Blocked Nippon Deal Is Lesson On Tariffs: Workers Need A Say

The business press howled in January when outgoing President Joe Biden blocked Japanese steel giant Nippon from buying U.S. Steel. The Steelworkers (USW) had strongly opposed the deal. But Nippon’s promises to invest, and U.S. Steel’s threats to close plants, led some members and local union officials to support it. As a result, the press portrayed the disagreement as “union bosses” versus the rank and file. In fact, most workers were skeptical and the union had good reasons to oppose the takeover. The Trump administration has imposed 25 percent tariffs on imported steel and aluminum, to start March 4.

US Sectors Hit By New Chinese Tariffs And Restrictions

Earlier this week, China’s tariffs on some US products came into effect, in response to the 10% increase in tariffs that the Trump administration imposed on all Chinese products, starting on February 1st. China created a 15% tariff on coal and Liquefied Natural Gas (LNG) and a 10% tariff on crude oil, agricultural machinery, cars with large engines and pickup trucks. On February 4, Xi Jinping’s government filed a lawsuit against the US government’s tariff imposition with the World Trade Organization’s dispute settlement mechanism. China has also implemented export controls on five metals: tungsten, tellurium, bismuth, molybdenum, and indium.

Trump’s Threats Expose Canada’s Utter Dependency On The US

United States President Donald Trump’s tariffs against Canada are understandably causing much consternation and debate. Some business leaders are forecasting dire warnings, union officials are calling for retaliation and relief while also sidling up with their corporate counterparts to present a united front. But these developments are about much more than tariffs. Trump’s tariff plan exposes the perils of Canada’s dependency on the US and the price of integration within the American Empire. To discuss these issues, last week I sat down with Sam Gindin. For more than 25 years, Sam was research director of the Canadian Auto Workers union.

Trump Escalates Trade War With 25% Tariffs On Steel And Aluminum

San José, CA – On Monday, February 10, President Trump signed an executive order raising tariffs, or taxes on imports, to 25% on steel and aluminum. The tariffs are to start on March 4. While his first round of tariffs on Canada, Mexico and China was based on a “national emergency” of refugees and drugs coming into the country, the latest tariff order used a “national security” rationale. They are seen as less likely to be suspended as the first round was. Trump says that these tariffs will create jobs and expand manufacturing, but in fact they raise prices and cause overall job losses in manufacturing.

Should Canada Be Ready To Switch Sides?

Jeff Rubin is the former chief economist for CIBC World Markets and is the bestselling author of a number of popular economics books that have tried to explain how the world is changing and departing from the norms of the 20th century to a more unsettled era of scarcity, inequality, natural disasters and war. His previous books have warned about the end of cheap oil and explained how the middle class “got screwed” by globalization. Rubin’s latest book is called The Map of the New Normal: How Inflation, War, and Sanctions Will Change Your World Forever, and it tackles the rapid inflation that hit economies across the globe in the wake of pandemic measures.

Trump’s Trade Wars Push US Allies Into Open Rebellion

In an increasingly multipolar world, Donald Trump’s plans to impose tariffs on Canada, Mexico, and the European Union threaten to erode the United States’ global standing. The move has even provoked a backlash from Canada, a historically close ally, where citizens have responded by launching a significant boycott movement. With the notable exception of Israel, Trump has strained relations with nearly all of Washington’s traditional allies. Among the most unexpected targets of his rhetoric has been Canada, a country he has suggested should “become our cherished 51st state.”

Trump’s Tariffs Could Cause Huge Global Crisis

The US designed the global financial system in a way in which the US dollar is at the center, and other countries need to get access to dollars to pay off their dollar-denominated debt, and to pay for imports. Yet, in order for this system to work, the US has to run a deficit with the rest of the world, a current account deficit, so other countries can get those dollars. But Trump wants to disrupt this. He says he wants to tariff other countries to reduce the US trade deficit, which means that other countries won’t be able to get the dollars they need to pay off their debt and to pay for imports.

50,000 Jobs, Social Programs, And Medical Centers

As the Trump administration intensifies its threats of mass deportations, Latin American nations are bracing for the impact. Mexico’s response, led by President Claudia Sheinbaum, has largely flown under the radar, despite its measured and humanitarian-focused approach. While the Mexican government has made it clear that there’s no need to panic just yet, Sheinbaum’s administration is well-prepared to face the challenges ahead. In the week from January 20-26, there were 4,094 people deported to Mexico, the vast majority Mexican. However, Sheinbaum made it clear this number alone isn’t out-of-the-ordinary. “[These deportations happened] With the arrival of President Trump, but if we take it week by week, this is a number that we’ve had on other occasions in our country.”