Credit Trump for pushing Canada closer to China.
Canada correctly sees the need to diversify away from US trade due to actions of president Trump.
Please note Canada’s Top Port Seeks Builder to Add 70% Capacity in Asia Trade Push
The Port of Vancouver, Canada’s main trade gateway to Asia, kicked off the search for a company to build a new wharf to handle 70% more cargo, as the country looks for ways reduce economic reliance on the US.
Canada is searching for “nation-building projects” to boost growth and diversify trade away from the US after President Donald Trump launched a global trade war and repeatedly talked about absorbing the country as the 51st US state. Prime Minister Mark Carney’s government recently passed a law that’s designed to speed up government approvals for such projects.
“We’ve been talking to the government at all levels, including the most senior, about the project,” Pang said, and conversations are happening on ways to “even potentially further accelerate it.”
Roberts Bank 2 has received most approvals already, though it’s awaiting a green light from the Department of Fisheries and Oceans. Building the 100-hectare marine landmass, causeway and wharf structure will ultimately create more than 18,000 jobs during the terminal’s construction and add C$3 billion annually to Canada’s gross domestic product, the port has said.
The terminal is set to be running by the mid 2030s and the expansion would allow the port to handle an additional 2.4 million twenty-foot equivalent units a year. That represents a 70% increase to the port’s 2024 container volume of 3.5 million. Vancouver’s port says it already handles almost as much cargo as the next five largest Canadian ports combined.
Soured Relationship
This port expansion will take years, perhaps even a decade, but it is another sign of how Trump’s tariffs are backfiring.
Trump has managed to push Canada, Brazil, and Germany closer to China. Mexico is next.
US Imports and Exports Mexico, China, Canada, EU
On a single-country basis, Canada is the second largest US trading partner. Mexico is first, and China a distant third.
The US imports $97 billion of oil from Canada.
The US runs a goods trade surplus of $33 billion with Canada excluding oil. The US surplus with Canada is even bigger if you factor in services.
In Trump’s truly twisted mind, the US would have a better relationship with Canada if Canada sent its oil to China instead of the US.
Trump would then be happy with a trade surplus with Canada.
Trump’s Comment on Trade With Canada
On May 6, in a meeting with Canadian Prime Minister Mark Carney, Trump proclaimed “We don’t do much business with Canada from our standpoint. They do a lot of business with us. We’re at like 4%.”
Is Trump truly that ignorant?
On February 2, 2025 I commented on Trump’s claim “We Have All the Oil We Need”
By volume, we are reasonably close. But by grades of oil US refiners need, we aren’t. Here are the details.
On April 1, I noted Excluding Oil, the US Has a Trade Surplus with Canada Every Year Since 2008
Let’s do a fact check on Trump’s Canada claims.
Please note that Canada is the largest single-country US export market, ahead of Mexico.
It’s impossible to overstate the gross lies or total ignorance inherent in Trump’s preposterous claims about trade with Canada.
Trump now has forced Canada into seeking a better relationship with China.
Instead, the US should be seeing to enhance our relationship with Canada, especially as pertains to rare earth minerals.
Related Posts
July 8, 2025: Copper Spikes to Record High After Trump’s 50 Percent Tariff Announcement
How Many Jobs Will Trump Create?
Assuming the US produces all the copper it needs, the answer is hugely negative.
Perhaps mining industry employment doubles, if and when US mines get into production.
But that is dwarfed by users of copper, all paying a higher price.
July 9, 2025: Trump Slaps Brazil With a 50 Percent Tariff Over Treatment of Political Ally
The tariff Bizarro World gets more bizarre.
July 10, 2025: Letters Show Trump Sticks With Ridiculous Definition of Reciprocal Tariffs
Let’s review Trump’s definition of reciprocal tariffs and his new announcements.
Correction
I had an error in the second chart. The trade deficit with Mexico is 172 billion. The bars were correct. But I subtracted 334 from 840 instead of 506.
Trade Balances including Services
::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::Imports:::::::::::::::Exports
::$B:2024::Imports::Exports::Total::::::Balance::::Goods::::Srvcs:::::Goods::::Srvcs
1:EU:::::::::967.8:::::892.4:::::1860.2:::::75.4::::::::605.8::::::362.0:::::370.2:::::522.2
2:Mexico:::550.7:::::378.0:::::::928.7:::172.6::::::::505.9::::::::44.8:::::334.0:::::::44.0
3:Canada::467.0:::::435.4:::::::902.4:::::31.6::::::::412.7::::::::54.3:::::349.4:::::::86.0
4:China:::::459.0:::::190.2:::::::649.2:::268.8::::::::438.9::::::::20.1:::::143.5:::::::46.7
* Service best quality data I can find from different sources, some 2023, adjusted for currency. [Colons b/c there is no other way to align columns]
Duh !!
Not at all. Just look at Brazil.
Trump is hell-bent on punishing all parties that in any way threaten US grandiosity.
Basically, that is everyone.
Dealing with dementia is frustrating.
Dealing with a leader that has dementia and a malignant narcissistic personality disorder is far more dangerous than frustrating IMO.
Canada has every right; and a responsibility to its people, to build out its export/import facilities. If our demented president wants to stop US ports from obtaining Chinese cranes? Let them import them into Canada and build free trade facilitating ports. Canada wins the US loses.
The harm Trump is bringing to America is not yet being seen and our supply chains are strained to the breaking point. The inflation that Trump brought upon us took time to develop during his last term. What happens during this term is slowly becoming clearer as the disaster begins to unfold.
This reminds me to move another percent of my portfolio to quality gold mining stocks that pay dividends.
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Narcissism is a personality disorder that tends toward delusions as persons age.
The ramshackle battlements to deny inputs from intruding realities increasingly fail. The source supply for grandiosity needs to be amped up ever more to protect the fragile ego from awareness and collapse, to fill the grandiosity gap.
Simple game theory would tell you that countries hit by Trump’s tariffs are going to try to decouple from the US as much as possible, and China is going to be the big winner in global trade. Nobody wants to trade or deal with a country that randomly and capriciously breaks its standing commitments. And the damage to the US’s reputation and economic prosperity will last way beyond Trump’s term because once you completely lose your credibility, regaining it is going to be a slow process.
TRUST.
Once lost, trust is extremely difficult to rebuild…
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Here in Canada, every time Trump opens his mouth now, the eye rolls are legendary. It will take a lot of time before the damage by him can be undone. Pretty well my entire group has cancelled US travel plans and avoid US products when they can. I will commend Trump for uniting this country like I have never seen. Canadians are not meek or apathetic, just tolerant until they need to act.
lol, nobody cares. you folks elected a douchebag banker. You have no credibility. Fix your roads and your other various economic problems before you whine about orange man bad.
Actually, some if not most Americans do care about our long term allies to the north. We have maintained a peaceful and prosperous relationship for hundreds of years. Our borders have remained free and open and we have (Until Trump) never threatened each other.
Now, the US has a president that broke his own treaty has threatened a Canada without cause. Trump has made false claims of drug trafficking and unfortunately, Trump is a liar.
To this US citizen, it is embarrassing to have Trump for a president. Trump is a disgrace to all forms of human relationships including his perversions.
Canada is now building export facilities to China and the rest of the world because of trump policies. I salute Canada for giving trump the middle finger. A diverse economy with open trade will benefit Canada far more than Trumps annihilation of US credibility will benefit America.
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Actually there was a war in 1812, so certainly not hundreds of years.
The White House was burned down. America lost, probably the reason they don’t remember.
Americans, as is their wont, incorrigibly so, were using the strategy that the native population will rise up and help us. LOL
There were hostilities surrounding the annexation of part of the British Columbia coast line, and skirmishes with regard to Québec.
In 1972 Nixon proposed sending the army to Montréal in connection with the FLQ crisis.
Canadians go along with American foreign policy and NATO and all that, but they only play at being friends because the only real enemy Canada fears is the USA.
FROM A CORPSE POTUS TO A NUTJOB POTUS. DEMOCRACY TRULY WORKS PERFECTLY. BIDEN AND TRUMP AMD MAMALA ARE ALL PERFECT REFLECTIONS OF 98% OF AMERIKANS. PURE NIHILISTS. NOTHING MORE. NOTHING LESS.
Factually, they are thinner than most Americans.
The all caps helps communicate your mental state. Thank you for making it more clear. Tell the therapist to up the dosage.
Last month we visited Cleveland and friends talked us into seeing the play “Hamilton”. The play is a boring cult piece, but the thought occurred to me that Trump is the reincarnation of Alexander Hamilton. Hamilton favored tariffs, an aggressive government favoring business and a strong bank providing cheap money to business interests. Sounds like Trump.
At intermission, did they offer you a regular dose or enhanced “Hamilton” version of TDS gummies to soothe your butthurt soul?
Anything would have been a help to deal with the worst three hours of my recent life. Visiting Cleveland is bad enough.
Global trade is exploding as more nations are trading with each other and U.S. grain exports are being rejected at various ports. Even Greenland refuses to re-fuel U.S. warship now. Our exports of LNG are down 14% since Trump took office and oil drilling rig counts are down 10 weeks in a row as “Drill Baby Drill” turns into just another line of bullshit.
American farmers crop exports are falling along with the prices of grain.
I live in the midwest and gas prices are up by forty cents because of trumps idiocy.
Trump sucks at everything!
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lol, gas prices are up because of Trump. Take your ritalin.
You obviously are not affected by Trumps tariffs on Canada. In the Midwestern U.S. Canada supplies sour crude to refineries that are specifically built to handle that grade of crude. The fuel supply is regional and reliant on Canadian oil. The day of the election, a gallon of regular cost $2.96. Today it is $3.39. Any questions?
In other news Drilling rigs are down ten weeks in a row in the US. There are 46 fewer drilling rigs operation in th eUS than last year at this time.
Global trade is imploding
If you factor in the about 4% of GDP Canada is “Saving” by not fully funding its NATO commitments, the 35% tariff is about right.
Who pays the tariffs to US customs on imported products? That’s right. The US company that is importing the product has to pay the tariff to the US govt.
And when China has to lower the price some to maintain market share that weakens them which is a major part of the goal here. And if an importer has to pay a higher tariff, then that usually spurs them into looking for domestic sources. As China’s good sold to the US are re-directed to other foreign markets that can’t pay as much as we do off their “free loading” then that weakens China even further.
Let me clue you in on something PapaD. US corporate profits are at ALL TIME HIGHS. This means two things:
They have money to eat some of the tariffs & they have money to help spur domestic production.
Duh!
China loves selling to the US because they can get the highest prices and the best margins. Selling to Brazil or Thailand is much less lucrative because they can’t pay what we pay. The tariffs are the blunt weapon made to cut our dependence on China. Many would prefer a scalpel but that would take much too long to negotiate and apply giving China time to find ways around the “scalpel” tariffs. The object is turn their export machine into a less profitable one with a view of stressing their finances and making their military buildup more expensive.
You should write a MAGA Economics & Politics textbook. It could sell well and be entertaining at the same time.
Most def. We don’t have 20 years to make this change. Very well said.
Lol! Where have you been the last few months? Trump is putting tariffs on all countries; not just China.
So US companies are paying tariffs on almost everything they import from everywhere. Which will make them less competitive.
correct.
In the last few months, tariffs have done nothing to inflation, which BTW matters, whether you think it does or not. It’s not solely about competitive positioning.
idiotic. trading ain’t sports. it’s a win/win. i don’t care where my fuel, lumber or pizza comes from. i pay by electronic currency for it all. i only keep about 5k in cash and gold and silver coin in my wallet, just in case folks don’t accept electric currency.
And I could care less.
Don’t tell that to PapaD. The only thing he cares about is how competitive US producers are.
The only country in the world threatening to take over Canada is the USA.
vancouver is 2nd best city in North Amerika. CDMX is best imho.
We have a few copper mines in Arizona, Utah, and New Mexico and they exist more than thirty years: Morenci is the largest, Bingham Canyon, Stafford, Sierrita, Bagdad, El Chino…The RE and the ev markets plunged and the one cent copper pennies will no longer be stamped. What we have is good enough for bullets.
Copper bullets? Are you a war monger?
How about the copper piping we want/need in our hew houses to build to increase supply and to reduce prices?
What about the copper we need for electronics like iPhones that Trump wants to make in the US?
You don’t care about those? You sound like a political hack
Copper for plumbing in homes is quickly being replaced by PEX.
And BTW there’s nothing wrong with make sure you have enough copper to make bullets. Once China has us weakened enough that’s when they’ll strike or some other nation will.
We need a lot more electricity going forward; AI data centers, crypto, aluminum production, EVs, etc.
For that we need a lot of copper. Putting 50% tariffs on copper only makes this more difficult for the US.
China continues to expand the electrification of its economy; its hard for us to compete if we keep shooting ourselves in the foot by hobbling our industries that need to import copper with tariffs.
It’s about long-term change.
The CCP does not give free rides. Make a deal with the devil, and the devil will own you.
That is why no one is making deals with Trump.
Trump is lying fraud!
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Ritalin is your friend.
Pretty much.
In other news:
MP Materials, America’s largest rare earths miner, said Thursday it has reached a deal under which the DoD will take a 15% stake in the company. The government is committing to spending billions of dollars investing in MP Materials and purchasing its output.
The deal calls for MP Materials to build a new factory to make rare-earth magnets at a scale that vastly exceeds current U.S. magnet production. It is expected to come online in 2028.
So my takeaway are that this plant would have already been online had Trump not had the 2020 election stolen from him, and it looks like the Pentagon is borrowing from the CCP’s playbook.
Nice Trump & Hegseth! That’s real leadership right there.
I mean seriously, it’s not going to take years to do the post-mortem on the Sleepy Joe Biden administration to determine we could not have paid the Chinese for a worse president.
Lol!
Trump is so bad, he makes sleepy Joe look good.
So says the guy who doesn’t vote and hates everything about the orange haired guy.
Still waiting on you to reply to my post in Mish’s:
Trump Slaps Brazil With a 50 Percent Tariff Over Treatment of Political Ally
I’ve only asked three times now. Looking forward to you outlining a detailed plan. I would love to have Mish join the fun.
I’ll keep checking for another day or so.
I don’t have as much time as you apparently. I will go back and have a look.
I see. You want me to present a plan to increase US production of everything.
Sure. Incentivize what you want produced. Incentives can take many forms: govt provided zero interest loans; assorted tax breaks; guaranteed purchase agreements for strategic reserves; etc.
Putting tariffs on everything we import does not provide much incentive.
Trump, and many of his supporters who comment here, seem to believe that tariffs will increase US production of EVERYTHING.
Commodities like steel, aluminum, copper, rare earths.
Manufacturing like autos, auto parts, appliances etc.
Electronics like apple iPhones, televisions etc.
Energy, like oil, gas, coal and electricity.
Let’s have a look at whether tariffs will accomplish this.
Start with copper. We produce and recycle close to 50% of the copper we use. We import the remaining 50% of the Cu we use because we cannot produce enough ourselves profitably. We have already mined most of the easily accessible copper deposits in the US. There is not much left to mine. In addition, we do not have the domestic smelters necessary to process what we do mine. We actually export 30% of the copper that we mine for refining in other countries.
Putting tariffs on imported copper could theoretically incentivize more marginal US production, but certainly not enough to meet our needs. And it is hard to imagine companies investing billions to develop new mines that will take a decade to start producing, and be uncompetitive unless tariffs remain in effect a decade from now. The same goes for new copper refining facilities.
In the meantime, while we wait a decade for perhaps some new copper production, we will put 50% tariffs on all imported copper. This copper is being imported by US companies to be used in whatever they are producing. Putting a 50% tariff on their copper imports will only make them less competitive in world markets, because their competitors in other countries do not have to pay 50% tariffs on copper.
In terms of aluminum, we do not even mine the bauxite needed to make aluminum in the US. We have little to no bauxxite. We can import the bauxite (and alumina) from Jamaica and Brazil and then refine it here. However, the major cost of producing aluminum is electricity. And the electricity in the US is too expensive. Which is why we have gone from 32 aluminum smelters to 4 over the last 4 decades. We cannot compete because of our high electricity costs.
We could produce more aluminum domestically if we imported a lot more bauxite AND provided huge amounts of heavily subsidized electricity to new smelters that might be built. One aluminum smelter uses more electricity than the city of Boston. And we need ten of them. Which means we also need to generate a lot more electricity; ideally from new hydro or nuclear facilities. Too bad we don’t have any planned in the next decade. We could also get more cheap electricity from new solar and wind farms. Too bad Trump is trying to stop these.
Similarly, Tariffs on aluminum will not produce any new US aluminum production till after 2030. And that is being optimistic. In the meantime we will force all those US companies that need to import aluminum to pay a 50% tariff, which makes them less competitive.
And now Trump wants to put additional 50% tariffs on Brazil. You can’t make this stuff up. .
I’ve never said tariffs alone make good manufacturing / trade policy.
There’s nothing wrong with “govt provided zero interest loans; assorted tax breaks; guaranteed purchase agreements for strategic reserves”.
All of these are carrots, and I’m not surprised that they form the core of your platform, and I fully expect Trump to leverage them as needed. Cutting regulations which he’s doing will also spur domestic production. Be that as it may, tariffs are the stick and generate revenue, whereas tax breaks for example reduce tax revenue.
And here in lies the real problem: no matter what we do to increase domestic production, it’s almost always going to cost more than what it costs to import the exact same thing from abroad. Most of the strategic goods we need to produce we don’t hold comparative advantage.
It’s going to be a tough nut for the US to crack. I’m just glad we’ve got a president who’s making it a priority for the US not to be dependent on China for strategic goods.
That’s the part that’s lost in all of this “Trump is bad” rhetoric.
The good news is that in 3.5 years, Trump goes away. Then all we have to worry about is whether or not Newsom, AOC or Mamdani will be running for President on the Democratic Socialist ticket.
Fortunately for conservatives, our bench is enormously more talented than the Dems.
Thanks for the reply.
Haha, that’s hilarious. Guys like Hegseth more talented than any of those? Linda “A1” McMahon? Pam “Epstein List” Bondi? Perhaps you refer to that clown Kennedy?
You may not like the dems policies or values, but they do have people with some actual talent. The conservative bench consists of nothing but opportunistic yes-men / women, selected because they will never go against whatever it is Trump does.
Compared to all the people I listed above, yes, easily by a factorial of 3! or 3 x 2 x 1 = 6x.
I love how you say the Dems have talent, but you don’t even list one name.
And whatever you do, don’t come back here and give us a few BS names. We already know the answer and so do you. That’s why you didn’t have the time to list anyone.
ROTFLMAO!!!
Potential Dem candidates in ’28:
Josh Shapiro
JB Pritzker
Reuben Gallegos
Andy Beshear
Gavin Newsom
Gretchen Whitmer
Pete Buttigeg
I’d call that a deep, well-resourced, proven (at the statewide level) bench.
Good to know that you’re working on your comedy routine.
Shapiro was overlooked by The Clown herself.
Pritzker – Illinois is one of the top 3 messed up states in the country. You should be embarrassed for even suggesting he’s electable as president. Like seriously.
Gallegos – Zero name recognition
Beshear – He’s the KY country boy version of Newsom and probably the leading candidate.
Newsom – That’s a joke that you even put him in this category. There’s no politician more despised in the country right now than this major CLOWN.
Whitmer – I get it. You’ve got to put a female on your list since you obviously didn’t include Comrade Kamala. Whitmer & her AG are 1st & 2nd runner ups as jokes to Newsom.
Buttigeg – While there’s nothing wrong with being gay, I don’t think America is quite ready to have a gay president. But way more importantly here are two words for you: East Palestine
The main problem with all of these candidates & the Dems in general is that they are so split. There’s no real identifiable movement that has a chance to galvanize the independent vote. And no running on a Dem Socialist agenda isn’t the movement we’re looking for here.
MAGA! Now that’s a movement.
lol, you’re either retired or TDS is occupying 90% of all mental capacity. have a few more gummies to up the dose. you’ll be fine.
Nice! But be careful or Mish might brand you with his Trademarked TDS II branding.
TDS gummies available at your nearest cvs and liquor store.
So funny.
So let me get this straight. As a MAGA, you don’t like the private tax credits that Congressional democrats (and Biden’s non-veto) made available through the IRA for individual businesses and consumers to decide if they would like to buy new EVs – which require rare earths minerals.
But you are OK with federal tax dollars being used to invest in a specific US company for a specific product? Sounds like even more corrupt and nationalistic than offering a loan guarantee to Solyndra. So you no longer care about Trump’s promise to “drain the swamp”?
Gotcha. Good luck with your political hubris
REMs form the basis for all sorts of national security needs. News Flash, bro, China could cut the US off from RE metals & magnets and then there would be no EVs.
In addition, pushing EVs through mandates is not doing something that’s in our national security interests. The billions of dollars that Biden subsidized for EV charging stations is the perfect example of waste & abuse, when the government gets involved with over regulation.
To be honest with you, bro, I’m fine with just about anything we could do to eliminate our dependence on China for anything our military and economy considers of national security importance.
Bro, Solyndra is the perfect example of a government cockup, mind you started by Obama back in 2009. Loan some startup a half billion dollars and then take virtually no additional action to build up R&D and US competitors while letting China just waltz in & take over the US market. That’s gigantic on the scale of trade policy ; )
But hey, Obama is widely credited with pushing the US down the globalist path.
Times are a changing though, bro. Globalism is out & protecting the US economy via America first is back in vogue.
Time will tell as to whether or not it leads us down the path to a more secure future (aka Golden Age)
how much more of this ‘winning’ can we take?? Fresh Tariff Games Are Leaving Small Businesses DazedCompanies that collectively employ about half of America’s private workforce may bear the brunt of the impact.
Fresh Tariff Games Are Leaving Small Businesses Dazed – Bloomberg (archive.ph)
Title of article says–Canada adds 70% more Port Capacity for goods from China?
Title should say — Canada might get it’s act together someday and actually build 70% more new Port Capacity. Canada has a terrible track record of meeting its promises.
Trump will be out of the White House before increased Canadian Ports even exist.
https://globalnews.ca/news/9839473/trans-mountain-pipeline-cost-overrun/
And Trump will be out of the White House before we build any new copper mines, copper smelters, and aluminum smelters. The average time to bring on a new mine in the US is 31 years. Putting tariffs on imports of those two commodities only hurts US companies who have to import what they need.
Trump Signs Executive Orders on Nuclear Energy to Speed Up Deployment of Nuclear Power Plants – IER
Something tells me Trump just might have an EO coming down the pike to speed this up a bit.
And that’s odd, the Safford Mine went from land sale in Sept 2005 to production in 2008.
Looking forward to seeing Rosemont also in AZ coming online sooner rather than later.
JAN 2025 – DEPARTMENT OF ENERGY AWARDS $500M TO FIRST-OF-ITS-KIND GREEN ALUMINUM SMELTER
From the Investing News Network
What’s the Next US Copper Mine? 27 Copper Projects to Watch by Dean Belder
Companies with upcoming copper mines in the US could be poised to benefit from tailwinds in the sector, including supply deficits and the Trump administration’s promises to cut “red tape” for critical minerals projects.
Yes. Safford was quick. Production max of 145,000 tons/a. Rosemont had its final environmental assessment in 2013. Hopefully it will be in production soon of 127,000 tons/a.
Once Rosemont comes online it will add to the 1.1 million tons we already produce. We will still import over 800,000 tons of copper each year.
I hope Trump can get the ball rolling on nuclear. We are way behind China. They are currently building 30 new units and we are building zero.
You seem to have little trust in Trump’s tariff policy genius. According to MAGA Economics 101, by the time Trump leaves office, the US will grow enough bananas, coffee, cocoa, and vanilla to fully cover domestic demand. And MAGA will be right on this one! The reason will be that these items will be so expensive that nobody can afford them anymore.
The slight problem is that Canada has nothing to export to Asia beside lumber and natural resources. That 100 hectares of land in Vancouver that is designated for port expansion is more valuable than the land under the imperial palace in Tokyo during the Japanese housing bubble.
Canada is on the ropes as a result of relentless lib***t policies, not related to president TACO.
Yeah, it’s not like natural resources matter.
Wait til the climate change really bites,Canada has surplus food on a large scale,unlike many countries
“When you see that your enemy is harming himself, refrain from interfering.”
– Napoleon Bonaparte
On a side note, Napoleon Bonaparte has so many smart statements to his name, that one is surprised the world isn’t ruled by Napoleon XII, and France has a wannabe weak Napoleon imitation.
That is because he pissed off the bankers that funded his exploits ~ just like our dipshit Trump is doing.
Trump couldn’t make a deal with a paper bag…
We really do have an idiot for a president!
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Well a lot of statements are probably apocryphal.
He was considered the greatest at the time: The whole of Europe followed him into war and Beethoven wrote symphony to celebrate. Of course Time Magazine featured Adolf Hitler as man of the year in 1938. He was generally recognized as the best statesman of the epoch.
Both men had a flaw
They decided to take the collective West to war against Russia, breaking the first, second, and third rules of von Clausewitz, the great German strategist: The first rule of continental warfare is: “Do not go to war against the Russians.”
Very nice graphs, Mish.Six of the biggest eight deficit holders were our staunch allies… Tariffs, equivalent to an act of war, have, to varying extents, decoupled those alliances …
I commend Canada for looking out for its own interests. Trump may be the most extreme example of American fickleness and bullying, but he’s not the first. Maybe Canada will now also re-think following the US into every cockamamie foreign entanglement that American (and Europeon) war hawks can think up. Canada is proud of its involvement in Afghanistan. Why?
Alternative Title: Trump is creating new jobs in Canada! Ready to move?
Phrase most likely to be repeated: “It’s impossible to overstate the gross lies or total ignorance inherent in Trump’s preposterous claims….”
Why it will never change: when asked who he turns to for advice, Trump said “himself” and his “big brain.”
PCC has been in AB O&G on the way to BC ports including with LNG long before T came along.
OPEC will increase production (Including Russia, Brazil and Iran). If July Mag 7 earnings reports send the Dow down, the dollar will rise and demand for commodities will fall.
Normally, you post about everything (especially Trump’s strategies) with absolute confidence, as if you’re in his inner circle.
Now you are hemming and hawing about what the Mag 7 earnings reports will be and how they will affect the Dow, the dollar and commodities demand.
Read something today that made you realize Trump’s policies may not pan out?
TA: The Dow 1D flopped yesterday. Tesla Q2 E report: July 21, Googl July 22…
Well if Trump claims he told Xi and Putin he would bomb the sh*t out of Moscow and Beijing I suppose he can make the same threats against Canada and Mexico. So I guess his new tactics will now support The Art of the Deal part 2.
Then Putin and Xi, leaders of nuclear powers, would bomb the 💩 out of Washington.
Taco is naive if he thinks these countries are going to sit back and accept these tariffs without a fight.
Considering how all of Trump’s voters bend over for his next Commandment and love his agenda, why should he expect anyone to have a spine?
MAGA cult are like Charlie Manson’s family of acid heads.
Trump might not get a Nobel Peace prize, but might get some sort of CCP award for handing the game over to them. What a brilliant strategy to do so: attack your most supportive friends. Why didn’t anyone ever think of that? And alas, our name is all over whatever his fingers mangle, long after he leaves the stage. 5-D chess!