I’m having trouble following Carney’s logic here. I thought Orange Man was bad for hiking tariffs, and here we are doing exactly the same thing. As far as I can tell, these tariffs don’t apply to the US but to a host of countries that presumably we were supposed to establish new relationships with in order to offset the trouble we have with the US. Can someone tell me what in blazes is going on?
A 50% tariff will apply to imports from these countries that surpass the 2024 volumes, though Canada will honor existing arrangements with its United States-Mexico-Canada Agreement trade partners, Carney said.
Canada will implement additional tariffs of 25% on steel imports from all countries containing steel melted and poured in China before the end of July.
Related, from Kate: I’m old enough to remember Carney asking when was the last time you bought steel. Boy genius eh.
We can now call Carney, Mini-Trump.
Trump bitch slapped Carney, and the little dwarf is smarting, unable to respond and casting about for anything that looks like action. Chinese steel was basically dumped here and trans shipped via CUSMA into the US, violating the spirit, if not the letter of the agreement. It was likely mentioned to our trade folks, and Carney is trying to do anything to gain favour with the US, as he needs results soon, or his shiny, slippery veneer will quickly wear thin. May Trump continue to dangle him over the ledge.
Canada will sign the Instrument of Surrender aboard the USS Enterprise docked in Toronto Harbor.
Can the Enterprise clear the Seaway?
Not shocked
Carney is still acting like a bureaucrat.
Take credit for the good, blame others for the bad, increase budgets and headcount.
He’s talks about what he’s told to talk about.
And enjoys the perks of office
Wait long enough and he might start talking like a failed artist, promoting CBDC, amongst other things listed in his book.
This is, actually, a reactionary necessity. The EU and China started dumping steel in Canada to avoid US tariffs. Hence, supply side economics. When you have an over abundance, it tanks the price….and domestic Canadian steel manufacturer prices started to dip quite a while ago.
I was reading recently that China was actually re-routing ships mid-voyage.
I’ll bet the warehouse businesses in Canada are doing rather well.
Good thing I read your comment FIRST … because I was just about to write the same thing. This move by your Dear Banker is certification that the ChiComs are dumping steel in Canada which then gets rolled … labeled as “Canadian Steel” and dumped in the USA.
PS … you may have been convinced Trump is a simpleton, egotistical FOOL … but you’d be 180 deg. WRONG. Trump knows what’s happening at a much deeper level than the CBC
I’m a cheese fan. Got exited for second when Harper cut a deal with Europe on buying their cheese. That agreement was killed once we put idiot Trudeau in office. Canadians are a stupid people.
Crap. excited.
Ah, I see you typed “exited” instead. For just a moment there I thought you were urging me to crap, excited, and I was thinking, goodness, I hardly need the encouragement
Trump is finally telling canadians to Shit or get off the pot!
We have for decades been the moochers of US largess.
No accountability!
No responsibilities!
Just piddle away tax money on every idiotic thing that comes to mind.
The sky is the limit.
Well no longer! Borders! NATO! Energy!
Get busy guys. We’re on our own.
Heh… warehousing indeed. Accepting 2024 levels from China (tariff free) without the ability to restamp and slough off to the US … in an ever slowing economy… Chinese steel will probably melt in the rain… so, yeah that’s a lot of shrink wrap, which they make in China!
So in 2026 how much Chinese steel will Carney take?
Just as with fentanyl, Canada will soon be the pusher who can’t make his numbers. You’ll be buying steel from China and sending it to Gaza at Black Rock bottom prices. Oil at $68 a barrel, damn, inflation, wage stagnancy, shrinking job markets, high interest rates, no affordable housing, green energy, first nations running amok. Wow.
Trump asked Canada to clean out the fentanyl and tighten up the border and Canada (via leftist leadership) continues to respond like a recalcitrant child.
Oh, yeah I forgot 35% tariff on 2/3rds of all your trade starting August 1.
I feel bad for Canada in a way. Your government has so badly fúķęď you it’s amazing. At this point I would be entirely freaking out, feverishly looking for another country to live in. Seriously. In two years I fully expect to see IFCJ adds running from Canada.
The Ukraine has better prospects.
In the 80’s some countries used Canada to dump beef into the US. Circumventing banned beef to the US market.
Marx Con Carnage is waaaay in over his head in almost everything he does or touches. Which is not surprising for a sawed off little chicken f&*(ker.