tip top rip rop
Last week Dominic Leblanc and Janice Charette, the key Canadian Canada-USA trade negotiators, seemed to be making good progress in establishing a trade deal that would remove the USA proposed 338 tariffs, and would lessen the 232 tariffs.
On Wednesday, a deadline, the USA pushed the deadline to Friday as it seemed like a deal was imminent and just needed to be written out. On Friday, late at night, PM Carney recalled his trade team to Ottawa, with no deal signed. That same night, the 338 tariffs threatened by the USA came into effect. These are 50% tariffs on a specific set of products that affect mostly BC, Ontario and Quebec, but represent only about 5% of imports into the US from Canada, so 95% still fall under the CUSMA free trade deal.
There are conflicting reports about what exactly happened, with Carney saying that the US trade team introduced untenable additions late Friday while Greer, the US trade rep, maintains that no such thing happened. Greer mentioned that on Thursday Carney and his trade team met with the premiers to let them know what had been negotiated, and it seems that push back from the premiers may have been what caused the pull back. Either way it was a deal that our trade team was not happy with and so I am pleased we bowed out.
Greer said that the proposed deal was the best possible, still that wasn't good enough for us.
In the meantime Canadian people want our trade negotiators to stay strong and not be bullied. Most of our premiers are also taking this strong position, with the exception of Smith and Moe in Alberta and Saskatchewan respectively. Alberta has a separatist contingent that cheer any time the felon Cheetoh Buffoon insults Canada or Canadians thinking this improves their chances. All it really does is unify the rest of Canada further.
Carney and his cabinet have made a list of just under 800 products that we import from the US that we are adding either 50% of 25% tariff to, as of 8 September. As much as possible the Carney team chose products that have alternatives here in Canada, and, will affect specific swing states in the US so that the effect of no longer buying from those states has an economic impact.
Many Canadian SMEs are being hit in this trade war, so additionally the finance minister announced $7.5BN in grants and loans with different amounts based on the size of the SMEs who apply for these. They only need to show that they are being affected by the trade war. These grants and loans have a 36 month duration, so they are not just for at this moment, they are intended to go past the next presidential election in the US.
I like many other Canadians am not buying anything produced in the USA as much as is possible, and have no plans to travel to the USA, pretty much ever.




















































