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Judy's avatar

Thanks Fred for breaking this all down. Canada has been in this unjust tariff war Trump keeps coming up with for too long. Prime minister Carney has managed to keep our economy from going into recession. But as a Canadian senior citizen, it is difficult to understand how any "Supposed Ally" can expect cooperation from us but continues to try to bring us to our knees. It's not going to happen Trump! We will keep our elbows up and stay united to resist the worst you can dig up. Canadians may be kind and friendly, but we have had enough!!!!!😡 🇨🇦🇨🇦🇨🇦🇨🇦

Patsy Rideout's avatar

Well said & I agree!

Grant Rowson's avatar

Fred, good commentary, as always.

I have a further thought -- maybe the same thought -- on your "USA/Trump doesn't like it when somebody becomes a rival and 'the buddies' then deal with that rival." Notice that it is totally okay if USA/Trump trades with the rival!

So in this case, he gets mad at Canada because we DARE to bring in any amount of foreign/Chinese EVs -- rather than buy Teslas (of which most are made in China anyway).

You're also correct -- Trump is playing grade-school economics against Carney (with Ph.D in the subject, and loads of macroeconomic experience). Carney just looks at him and thinks "you're kidding me!" and then goes off and makes more deals with other countries to bypass Trump.

Anyway, don't know if Trump noticed, but both of our sub vendors -- Korea in particular -- are looking at making battery factories in Canada. And many of those will be targeted at consumer vehicles (not made by Big 3 auto).

SouthRockOcean's avatar

What happens when “national security” becomes a catch-all excuse for economic protectionism? It appears Canada is proof that the horse has left that barn. Excellent Reporting Fred, do trust Carney and other registered smart people like you are reviewing all the "what if-s" before things get worse.

Patsy Rideout's avatar

Thanks Fred! Very informative, but also, we bristle & our claws come out!!!! When will this blubbering idiot stop??? How can Americans stomach to be in the same country he is in? Grrrr Ewwww I'd like to sic a rabid dog on him!