In response to President Trump’s new tariffs on Canadian goods, Premier Tim Houston announced retaliatory measures for Nova Scotia. These include doubling tolls for U.S. commercial vehicles, removing all U.S. alcohol from provincial liquor stores, and limiting business dealings with U.S. companies, including contract cancellations and bid rejections. The province will prioritize domestic markets and international diversification. The statement expresses regret at the strained relationship with the U.S.
Read More
Donald Trump’s imposition of 25% tariffs on Canadian and Mexican goods has sparked a potential trade war, with Canada vowing retaliation and Mexico preparing a measured response. China, also facing tariffs, has expressed opposition, highlighting the potential for global economic repercussions. While the US has threatened further tariffs against the European Union, a senior Trump advisor suggested a trade agreement with the UK is a priority, possibly due to a more balanced trade history. Concerns of global recession and inflation, voiced by the IMF and JP Morgan, have been dismissed by the Trump advisor.
Read More
In response to President Trump’s 25% tariffs on Canadian goods, Canada plans to implement retaliatory tariffs focused on American products readily available from alternative sources, prioritizing consumer protection. This initial phase aims to pressure U.S. exporters and politicians to oppose the tariffs. Further escalation is possible, with a “stepwise” approach to expanding levies, potentially including energy and critical minerals, though this faces political challenges within Canada. Early indications suggest this strategy may already be impacting U.S. political figures, as evidenced by Senator Collins’ concerns about the effect on Maine.
Read More
John Q. Hosedrinker