Category: Art Of The Deal

Stiffer Upper Elbows, Mates

Our new friends and overlords in the EU will step up to take it off our hands, right?

Right?

President Donald Trump moved Tuesday to sharply escalate the trade war with Canada, seeking to block imports of some motorcycles, dairy products and alcohol.

Senior Trump administration officials said in a call with reporters that the move was in direct response to Canada’s latest retaliatory tariffs, which took effect at 12:01 a.m. Tuesday.

The ban on importing Canadian alcohol in particular closely mirrors bans on American alcohol that provinces across Canada put in place in early 2025. They were imposed after Trump introduced sweeping duties on Canada, America’s longtime northern ally.

The measures announced Tuesday were signed into law under Section 338 of the Tariff Act of 1930, documents posted to the White House website show. That trade law was never used until Trump implemented new tariffs on Canada under the statute in late August.

A senior Trump administration official told reporters on the call that the White House also completed “housekeeping” on tariffs already in place. Tariffs on cement, road salt and hospital pads were removed and replaced with duties on all-terrain vehicles, some cheeses and motorboats.

Joly gets emotional.

Now Is The Time At SDA When We Juxtapose! (bumped)

August 26th, 2026

A day after the federal government unveiled its new retaliatory measures against the US amid the trade war, NDP Leader Avi Lewis is calling on the Liberals to tax energy and critical mineral exports to the US.

There has been growing momentum across the political spectrum behind the idea of using Canadian exports as leverage in the dispute. In recent days, several politicians including Jean Chrétien, Jason Kenney, and David Eby have called on the Carney government to impose or consider imposing an export tax as an option for responding to US tariffs.

August 27th.

The Trump administration is in talks with Venezuela’s interim government about taking an ownership stake in the South American country’s enormous oil resources, two U.S. officials tell Axios.

Why it matters: The historic deal would more than double U.S. oil reserves by drawing from a country that has the world’s largest proven reserves.

Do tell.

August 28th.

Online News Act Reported Dead

Justin Ling hardest hit.

In the name of placating President Donald Trump and his band of oligarchs, the Canadian government may be getting set to kill its last-remaining bit of Big Tech regulation.

I’m told, by sources not authorized to speak on the record, that Ottawa has told publishers to be ready for the death of the Online News Act. It would be just one concession offered up to alleviate — but not end — Trump’s punitive, illegal trade war.

Such a retreat wouldn’t just be bad policy. It would be a surrendering of our sovereignty.

Oh noes! Not our sovereignty! Think of the sovereignty!

The Online News Act requires that major social media, search and advertising technology companies compensate Canadian news outlets for lost advertising revenue. That law has only applied, thus far, to Google and Meta — and the latter hates it so much that they have blocked Canadians’ access to news on Facebook and Instagram for the past three years.

I can’t imagine why anyone would go to the trouble, but whole silly thing is archived here.

“Are we watching the same guy?”

Related: Canadian media knows and now running cover.

The Great Negotiator

“I expect that ask to be coming.”Scott Moe is asked by David Cochrane “Does that comment you just made mean that the federal government has asked some premiers to remove their booze bans

Related: What’s most interesting are the things he has exempted: potash, energy, critical minerals.

Indeed.

The Great Negotiator

Global News;

The U.S. said Monday it will be imposing an additional 50 per cent tariff on Canadian imports due to retaliatory and “discriminatory” measures Canada took in response to U.S. President Donald Trump’s tariffs.

Trump signed three executive orders, each one using a different justification for the new tariff: the provincial and territorial boycotts on American alcohol products, Canada’s retaliatory tariffs on U.S.-made vehicles and auto parts, and quotas on American dairy imports under Canada’s supply management system.

The new tariff will take effect in 30 days and will apply to goods covered by the Canada-U.S.-Mexico Agreement on free trade (CUSMA), a senior administration official told reporters on background.

“Over the past year and a half, only two countries have chosen to retaliate against President Trump’s tariffs rather than negotiate a deal with the United States: the People’s Republic of China and Canada,” the White House said in a statement on the new tariff.

Via @FoodProfessor;

Canada exports approximately $1.4 billion worth of alcoholic beverages to U.S. annually. U.S. receives roughly 90% of Canada’s total alcohol exports, with spirits.

Canada exports about $360 million worth of dairy products to the U.S. annually.

Could be related.

Groundhog Day

Someone wake me up when this thing finally ends. In the meantime, any ideas out there as to how this script will be wrapped up?

President Donald Trump on social media accused Iran of violating the ceasefire and warned of a point where the U.S. may no longer be reasonable “and will be forced to militarily complete the job.”

“If that happens, the Islamic Republic of Iran will no longer exist!” Trump wrote.

The exchanges of fire began when an Iranian drone struck a merchant vessel off Oman on Thursday and the U.S. military retaliated with strikes.

 

Thank You For Your Attention To This Matter

Matt Margolis;

“The Deal with the Islamic Republic of Iran is now complete,” Trump wrote on Truth Social, offering “congratulations to all!” He followed that up by authorizing what he called the “toll-free opening of the Strait of Hormuz” alongside the simultaneous removal of the naval blockade. Then, in classic Trump fashion, he added, “Ships of the World, start your engines. Let the oil flow!”

Pakistani Prime Minister Shehbaz Sharif confirmed the deal in a statement of his own. He announced that “the Peace Deal between the United States of America and Islamic Republic of Iran has been REACHED” after what he described as “intensive talks.”

He continued, “We would like to thank the United States of America and the Islamic Republic of Iran for their commitment to finding a diplomatic solution to the conflict. We would also like to extend our sincere appreciation to our brothers in this mediation effort, the great leadership of State of Qatar, for their support in reaching this agreement. I would also especially thank the visionary leadership of Kingdom of Saudi Arabia and Republic of Türkiye for their immense contributions in this regard.”

A formal signing ceremony is scheduled for June 19 in Switzerland, with mediators facilitating preliminary technical meetings this week to lay the groundwork.

Richard Fernandez provides context: Iran had to sign while they still had cards to hold.

Trump Whisperer

Juno News (Video): The Gordie Howe International Bridge opening has been delayed indefinitely.

It is the latest setback in Canada’s bumpy relationship with the United States. The Gordihow International Bridge opening has been delayed indefinitely as the two countries resolve some outstanding issues. Well, at the at the request of the United States, we agreed to uh uh to delay the opening and um take the necessary time uh to resolve outstanding issues. A few issues uh that have been raised and uh this is a collaborative approach. As I said yesterday, there’s there’s not great drama here. We’re going to work through uh some some issues that uh have come up. Um and you know for a bridge Um that is going to be in place and serve Canadians, Americans um others uh for uh decades uh question of a few weeks is time well spent.

Art Of The Fail

Reuters;

Canadian Prime Minister Mark Carney has captured global attention by championing the idea of an alliance of mid-level economic powers that would operate beyond President Donald Trump’s increasingly protectionist United States.

Yet Carney’s push to lessen dependence on the U.S. is colliding with a stubborn reality: access to American markets remains a crucial part of Canada’s appeal to prospective trading partners, according to interviews with a dozen government officials and business leaders.

Since winning election in April 2025, Carney’s team has led four trade missions, including two to Asia, seeking foreign investment in mining, engineering and infrastructure projects. A fifth, the largest so far, is headed ​to Japan later this month.

But Canadian officials acknowledge that the main draw for many potential trading partners is the prospect of gaining tariff-free access to the world’s largest market through Canada’s participation in ‌the U.S.-Mexico-Canada trade ‌agreement.

Carney regularly touts Canada’s preferential access to the U.S. market, noting that more than 85% of bilateral trade remains tariff-free.

“That (USMCA deal) has been kind ​of a baseline of our investment attraction message,” said a top Canadian government official who requested anonymity to speak frankly.

ICYMI: “I’m not looking to renew it (USMCA).”

Unexpectedly

The US economy added 172,000 jobs in May, blowing past expectations, according to the government’s closely watched jobs report. The unemployment rate remained flat at 4.3%.

Economists surveyed by Bloomberg had anticipated payroll growth of 88,000 for the month.

April’s jobs report — which itself was a massive beat — was also revised to show an even better 179,000 jobs gained, compared to the 115,000 reported earlier. March’s payroll growth was similarly updated to show 214,000, bringing the first monthly gain above 200,000 since early 2024.

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