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Tariffs

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.”

Mexico And Canada Hit Back, China Pulls Punches On Trump’s Tariffs

Within hours of United States President Donald Trump announcing tariffs on China, Canada and Mexico over the weekend, his Canadian and Mexican counterparts hit back with their own levies on US goods. The response from China, Washington’s biggest strategic rival, was notably more restrained. China’s Ministry of Commerce did not announce specific tariffs in its response on Sunday, stating only that it would take “corresponding countermeasures to firmly safeguard its rights and interests”. The ministry also said it would challenge the tariffs at the World Trade Organization, a largely symbolic measure since its appellate body has been non-functioning since late 2019 due to Washington’s refusal to support the appointment of new judges.

Canada Tariffs: Trudeau Hits Back Against Trump With 25% Levy

Canada has announced retaliatory tariffs against the US, in a move that marks the beginning of a trade war between the neighbouring countries. Prime Minister Justin Trudeau set out "far-reaching" tariffs of 25%, affecting 155bn Canadian dollars' worth ($106.6bn; £86bn) of American goods ranging from beer and wine, to household appliances and sporting goods. The move matches US President Donald Trump 25% levy on Canadian and Mexican imports to the US - and an additional 10% on China - over his concerns about illegal immigration and drug trafficking.

Whether Biden Or Trump, US’ Latin American Policy Will Be Contemptible

With Donald Trump as the new US president, pundits are speculating about how US policy towards Latin America might change. In this article, we look at some of the speculation, then address three specific instances of how the US’s policy priorities may be viewed from a progressive, Latin American perspective. This leads us to a wider argument: that the way these issues are dealt with is symptomatic of Washington’s paramount objective of sustaining the US’s hegemonic position. In this overriding preoccupation, its policy towards Latin America is only one element, of course, but always of significance because the US hegemon still treats the region as its “backyard.”

Trump Attacks Colombia; President Gustavo Petro Fights Back

Donald Trump has kicked off his second administration with a very aggressive foreign policy. Trump is threatening trade restrictions and sanctions on countries around the world, including 100% tariffs on BRICS countries, which now represent 55% of the world population. The US president wants to colonize Greenland. He also vowed to take over the Panama Canal. Invoking “Manifest Destiny”, Trump is even attacking Canada and Mexico, the two largest trading partners of the United States. When Trump selected neoconservative hawk Marco Rubio as his secretary of state, it was a sign that he would be focusing his attention on Latin America

Trump’s Tariff Threats Could Destabilize The Global Economy

Trump told the Davos Economic Forum January 23: “My message to every business in the world is very simple: Come make your product in America and we will give you among the lowest taxes of any nation on earth.” Otherwise, if they continue to try and produce at home or in other countries, their products will be charged tariff rates at Trump’s threatened 20%. To Germany this means (my paraphrase): “Sorry your energy prices have quadrupled. Come to America and get them at almost as low a price as you were paying Russia before your elected leaders let us cut Nord Stream off.”

Canadian Prime Minister Justin Trudeau Resigns

On January 6, Canadian Prime Minister Justin Trudeau announced his resignation. “I care deeply about this country and I will always be motivated by what is in the best interests of Canadians. And the fact is, despite best efforts to work through it, parliament has been paralyzed for months after what has been the longest session of a minority parliament in Canadian history,” Trudeau said as he resigned after nine years as prime minister and 11 years as the leader of the Liberal Party. Trudeau was facing a mounting cost of living crisis, dire opinion polls, and a tariff threat by the United States.
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