Let’s discuss the reactions of Canada and Mexico to Trump’s tariffs and how they differ.
Trudeau Condemns Trump’s Tariffs
The New York Times reports Trudeau Condemns Trump’s Tariffs, Pledges to ‘Relentlessly Fight’ to Protect Canada’s Economy
Prime Minister Justin Trudeau of Canada on Tuesday harshly condemned the tariffs that President Trump imposed on Canada, as well as Mexico and China, saying in a televised address that they would hurt people on both sides of the U.S.-Canadian border and that Canada would “relentlessly fight” to protect its economy.
José de Jesús Rodríguez, president of the chamber of commerce of Mexico City, predicted economic turmoil for Mexico, including a possible recession and unemployment of as much as 15 percent, given the deep integration of supply chains between Mexico and the United States. “It is extremely disappointing and frustrating,” he said. “The United States broke their word, and it dictates the future of our commercial relationship with the U.S., meaning it’s time for us to look to other regions.”
Collection Disruption
The sweeping tariffs on Canadian, Mexican and Chinese products that President Trump imposed on Tuesday could strain the system that collects import duties and the government agencies that enforce those fees, trade and legal experts said.
Collecting import duties is usually a routine task, but the new tariffs are being imposed on Mexican and Canadian goods, many of which have been imported into the United States duty-free for many years. Adding to the challenge is the sheer volume of goods subject to the new tariffs — U.S. imports from China, Mexico and Canada totaled over $1.3 trillion last year, or about two-fifths of all imports.
Speaker Mike Johnson, at a news conference at the Capitol on Tuesday, said he supported President Trump’s initial round of tariffs, saying they were “not an adversarial thing.” [What a F’ng Suck Up Joke]
The furious reaction to Trump’s tariffs continues in Canada, and has not been limited to Prime Minister Justin Trudeau or his party. “At 12:01am, President Trump stabbed America’s best friend in the back,” Pierre Poilievre, the leader of Canada’s Conservative Party, told reporters, projecting a message of unity and pitching his plan to fight back against the tariffs. Poilievre is a favorite, according to recent polls, to become Canada’s next leader.
Doug Ford, the premier of Ontario, said that he has ordered the removal of all U.S.-made liquor from the province-controlled alcohol distributor, cancelled the province’s contract with Elon Musk’s Starlink, and said he will write to all political leaders in New York State, Michigan and Minnesota, to warn them that if the tariffs persist, he intends to put a 25 percent surcharge on electricity exported to those states from Ontario.
Starlink Contract Cancelled
CBC reports Ontario rips up Starlink deal, plans to tax electricity in response to Trump trade war
Ontario will rip up its $100-million deal with Elon Musk’s Starlink internet provider and U.S. companies will be banned from procurement contracts as part of the province’s response to President Donald Trump’s tariffs on Canadian goods.
Premier Doug Ford announced the measures Tuesday, adding he’s warning lawmakers in New York, Michigan and Minnesota that if the trade war “persists” Ontario will put a 25 per cent surcharge on electricity flowing into the states and potentially cut the flow off entirely.
Ontario supplies roughly 1.5 million customers in the border states with electricity.
“This is not the outcome anyone wanted,” Ford said at Queen’s Park in Toronto. “We could have poured our efforts into making Canada and the U.S. the two richest, most successful, safest, most secure two countries on the planet. Unfortunately, one man — President Trump — has chosen chaos instead.”
During his news conference, Ford again threatened to surcharge or cut off critical mineral exports to the U.S. should the trade war linger.
“We also need to be ready to dig in for a long fight,” Ford said. “We need to be ready to escalate using every tool in our tool kit.”
Ford spoke just after hours Ontario’s primary liquor wholesaler and retailer confirmed it will stop purchasing and selling U.S. alcohol.
Prime Minister Justin Trudeau announced late Monday that Canada’s retaliatory response would include matching tariffs on $155 billion worth of U.S. goods — roughly $30 billion worth of goods right away and the remaining $125 billion in 21 days to give Canadian companies time to adjust their supply chains.
The premier said American companies will not be able to bid on the $30 billion worth of procurement contracts the province awards each year, or bid on contracts related to his $200-billion infrastructure plan to build highways, tunnels, transit, hospitals and jails.
“U.S.-based businesses will now lose out on tens of billions of dollars in revenues,” Ford said. “They only have President Trump to blame.”
As for the deal with Starlink to provide high-speed internet to northern Ontario, rural and remote First Nation communities, “it’s done, it’s gone,” he said.
“We won’t award contracts to people who enable and encourage economic attacks on our province and our country.”
Canadian premier says he will cut off electricity exports to US ‘with a smile on my face’
The Hill reports Canadian premier says he will cut off electricity exports to US ‘with a smile on my face’
Ontario Premier Doug Ford said Monday he is prepared to cut off electricity exports to the U.S. if President Trump’s 25 percent tariffs on Canadian goods go through.
“If they want to try to annihilate Ontario, I will do everything — including cut off their energy with a smile on my face,” Ford told reporters at a mining convention in downtown Toronto, the Toronto Sun reported.
The forceful statements by Ford, Premier of Ontario, in a video post on X highlights the forceful response to Trump compared to the more muted reaction by Mexico.
This Video by Ford is worth a play.
Mexico Says it Will Impose Retaliatory Tariffs on Sunday
In contrast to the immediate, forceful response by Canada, the AP reports Mexico Says it Will Impose Retaliatory Tariffs on Sunday.
Mexico will announce the targeted products and other measures Sunday at an event in Mexico City’s central plaza, a delay that suggests Mexico hopes to de-escalate the trade war set off by U.S. President Donald Trump.
President Claudia Sheinbaum said she and Trump had agreed to have a call this week, most likely Thursday, “so we are going to wait.” Mexico’s government has said since January it had a plan ready for this scenario.
“There is no motive or reason, nor justification that supports this decision that will affect our people and our nations,” Sheinbaum added.
Sheinbaum called “offensive, defamatory and without support” the White House allegations that Mexican drug traffickers persist because of “an intolerable relationship” with the Mexican government. Trump has said he’s targeting Mexico to force it to crack down on migrants and drugs entering the U.S.
She listed the achievements of her young administration against Mexico’s drug cartels, including seizing more than a ton of fentanyl and dismantling 329 methamphetamine labs. She also noted that Mexico sent the U.S. 29 drug cartel figures it requested last week.
“It’s inconceivable that they don’t think about the damage this is going to cause to United States citizens and businesses,” Sheinbaum said. “No one wins with this decision.”
Mexico’s president also noted that Trump on Monday said he respected her, and she said she respected him as well: “The thing is finding a way to collaborate, of coordinating without subordinating anyone for the benefit of our people.”
White House Threatens Even More Tariffs on Canada
In escalating Live Update stupidity, the White House Threatens Even More Tariffs on Canada
President Trump threatened to raise Canada tariffs again after Canadian Prime Minister Justin Trudeau retaliated against new U.S. levies.
“Please explain to Governor Trudeau, of Canada, that when he puts on a Retaliatory Tariff on the U.S., our Reciprocal Tariff will immediately increase by a like amount!” Trump said Tuesday in a social media post.
[Lovely – Go for 500 percent tariffs and shut off all trade]
China Tariffs Could Weigh on Soybean Prices
The escalating trade war with China could exacerbate some of the issuers facing U.S. producers of corn and soybeans, according to Jake Hanley, managing director and senior portfolio strategist at Teucrium.
Prices for corn, wheat, and soybeans have been on a downward trend in recent days, in large part due to an Agriculture Department report last week that indicated rising supply, Hanley said. Teucrium ETFs tracking those three commodities are each on losing streaks of more than a week
China’s retaliatory tariffs on agricultural exports from the U.S. could make the oversupply issue a bigger problem for American producers, at least temporarily, Hanley said. This is particularly true for soybeans, as about 42% of the U.S. soybean crop is exported, he said, with a big portion of that going to China.
“Imagine now we have all of those soybeans that we thought were going to go to China, they’re staying home. They’re staying home until we can find a new market. … That supply just weighs down on U.S. soybean prices because we go from having enough to having plenty,” Hanley said.
Trump’s Tariffs Could Quickly Cut North American Auto Production by a Third
Please note Trump’s Tariffs Could Quickly Cut North American Auto Production by a Third
Roughly a third of vehicle production in North America could be cut by next week as a result of President Donald Trump’s 25% tariffs on Mexico and Canada, as automakers attempt to mitigate increased costs and buyers hold off on purchasing new cars and trucks.
That lost production would equate to roughly 20,000 units per day, according to a new analysis from prominent data and forecasting firm S&P Global Mobility.
The production impact as well as possibility of layoffs would continue to grow if the tariffs, which Trump implemented Tuesday, are not changed or lifted.
“We have a new dawn, to a degree. This is a significant move,” Stephanie Brinley, associate director in AutoIntelligence at S&P Global Mobility, said during a webinar with the Automotive Press Association.
S&P Global Mobility reports 25 automakers on average produce 63,900 light-duty passenger vehicles in North America per day. A majority of those, roughly 65%, are assembled in the U.S., followed by 27% in Mexico and 8% in Canada.
The Alliance for Automotive Innovation, a trade group representing the vast majority of automakers selling vehicles in the U.S., warned no automakers will come out unscathed, resulting in increased consumer costs.
″This isn’t hypothetical. All automakers will be impacted by these tariffs on Canada and Mexico. Most anticipate the price of some vehicle models will increase – by as much as 25 percent – and the negative impact on vehicle price and vehicle availability will be felt almost immediately,” Alliance for Automotive Innovation CEO John Bozzella said in a statement.
What About Parts?
the Ford F-150 is exclusively assembled in America but has roughly 2,700 main billable parts, which exclude many small pieces, according to Caresoft, an engineering benchmarking and consulting firm.
Those parts come from at least 24 different countries, according to Livonia, Michigan-based Caresoft.
That’s interesting. Just totally shut off delivery of a few necessary parts and watch what happens.
Whose Approach Is Better? Mexico or Canada?
My original thought was sucking up to Trump might be a great idea.
The problem is Trump will never be satisfied, he does not understand that trade benefits everyone (not just exporters), and he cannot be trusted to honor any deal he makes, even those he signed.
On the other hand, we are on the verge of escalatory madness of epic proportion in Canada.
An Issue of Trust
Trump has proven he may not honor any deal he signs. That is the unfortunate bottom line, and there will be a huge associated cost.
USMCA was up for renegotiation in June of 2026. But Trump couldn’t wait.
I am tired of nonsense about fairness or drugs or whatever. Trump personally negotiated USMCA, it was signed 89-10 by the US Senate, and now he broke the deal. So stop making excuses why.
If Trump wanted drugs to be part of the deal, then he should have put drugs in the deal.
Mish Suggested Approach to Trump
Given the total lack of trust anyone can possibly place on Trump honoring any deal, the best approach is likely along these lines:
1) Tell Trump how brilliant he is, 2) offer him something that costs little but sounds great and lets Trump brag, and then 3) he either takes it or not. 4) Respond accordingly.
It seems Mexican President Claudia Sheinbaum has figured most of this out. Congratulations!
Related Posts
March 4, 2024: A Global Trade War Has Started – Global Recession Will Follow
The most significant global trade war since Smoot-Hawley and the Great Depression is underway.
March 4, 2024: GDPNow Nowcast Plunges to -2.8 Percent, What’s Going On?
The short explanation is recession. The long answer is more complicated and related to tariffs.
March 2, 2024: How One Small Business Owner Is Coping With Trump’s Tariffs
Fifty-four percent of small businesses polled said that tariffs would negatively affect their companies, while just 11 percent said they would benefit.
Multiply that by tens of thousands of small businesses.
February 2, 2024: Trump Claims “We Have All the Oil We Need” True or False?
By volume, we are reasonably close. But by grades of oil US refiners need, we aren’t. Here are the details.
And over 100 percent of the trade deficit with Canada is oil that the US gets at a very good price from Canada.
Yes, it’s this stupid.
“Canadian premier says he will cut off electricity exports to US ‘with a smile on my face’”
the mask is off. the canadian government is not our friend
Canada relies on the U.S. for about 20% of its GDP, while the U.S. only gets 1.5% of its GDP from Canada. The U.S. could function fine without Canada, but losing access to key resources like fertilizer and electricity could hurt in some regions. A smarter approach would be to call out Canada’s protectionist policies—like their egg tariffs—and apply equal tariffs on their most vulnerable sectors until true free trade is established.
The smart approach is to honor treaties and request changes to them.
Trump negotiated USMCA and bragged about it.
I wonder how this plays out beyond North America?
“The Hill reports Canadian premier says he will cut off electricity exports to US”
That will get the attention of voters, especially if this fiasco runs into the summer months
ROTFLMAO!
Here’s dramatic: Our economy is 7.5 times greater than MX & CA combined.
That’s dramatic. Rhetoric is for the playground.
Mexico is threatening a 25% tax on all donkey shows.
This could get expensive for all involved. Less involved peons like me and most folks are already used to it. Their inflation is our depression.
The Canadian response to Trump has been more vigorous, because Canadians feel on a more equal footing with Americans, whereas Mexicans harbor an inferiority complex to the colossus of the North that interferes with their natural emotional fieriness.
Mexico, a longtime colonial nation before achieving independence from Spain, also suffers from an extra century or more of colonization before going its own way and being a big boy. It is a country of extremes — extreme weather, extreme poverty, extreme riches, all packed into a nation a fraction the size of the other two North American giants.
Doug Ford of the Province of Ontario shows that Americans only respect those who stand up for themselves. His threat to embargo energy exports is the correct strategy in these difficult times when maneuvering is tight. Although Ford cannot do what the Prime Minister can, he is using what leverage he has to effect change. Whether Trump will blink remains to be seen.
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You can read more of my writings by visiting: dark . sport . blog — on the net!
Another day, another record low for $Melania meme coin. 77 cents.
Write it off as a short-term capital loss on your 1040, Schedule A.
Since the Trumpet’s first term, the Donald has been providing the greatest service to the nation: show to the rest of the world that US are no more, they died somewhere in the last century and have been living off of the reputation that they rightly earned decades ago, but have not lived out for decades. It is spiritually, morally, socially, economically and militarily a failed nation.
– Donald has been providing the greatest service to the nation.
> True
– have been living off of the reputation that they rightly earned decades ago
> True
– show to the rest of the world that US are no more, they died somewhere in the last century.
> Sort of true, up until the died part. The U.S. is “Now Much Alive” and the Lunatics Running the Show Died, but tried there “Very Best” to end it, but TG Donald was there to “Save It”
– It is spiritually, morally, socially, economically and militarily a failed nation.
> Sort of true again, up until the failed nation part. Change the ending to: A Strong and Vital Nation Once Again!!!
At some point, the accumulation of unprecedented stupid shit…
should create calls for stupid shit to be unpresidented.
Energy limits are forcing the economy to contract
https://ourfiniteworld.com/2025/03/04/energy-limits-are-forcing-the-economy-to-contract/
Wait a minute: TrumpCo promised us reduced price inflation!
When?
Trump is about transactional deals, not long term relationships. That attitude results in, “short term gain, long term pain.” Sounds like a great salesman, and a horrible CEO.
What will Elon do when Trump proposes Tariff Aid 2.0?
Trump Tariff Aid To Farmers Cost More Than U.S. Nuclear Forceshttps://www.forbes.com/sites/stuartanderson/2020/01/21/trump-tariff-aid-to-farmers-cost-more-than-us-nuclear-forces/
“The problem is Trump will never be satisfied, he does not understand that trade benefits everyone (not just exporters), and he cannot be trusted to honor any deal he makes, even those he signed.”
And this was the better option for this office? (not necessarily directed at you, Mish)
Like all wars, economic wars are less predictable than those initiating expect.
He’s not as smart as he thinks he is, it so simple to just blanket charge Tariffs on every import instead of either segmenting (area to be targeted) or using a step function (exempting low cost items food and clothing, possibly energy too). NO he takes on the entire distribution system, all of NAFTA and China. The unions are not very happy with the current situation and yes these high paying jobs need to be brought back. Drugs are only a piece of the picture and the Media totally misses JOBS. So you target sections, electronics, automotive, machinery, trucks, harvesters, and etc. Then cancel agreements that the truckers want, allowing other nations to use their trucks. Understood why unions are mad, high paying jobs going to cheaper labor. Like I say the Romans need their slaves. But NO, NO, blanket push the button on all imports. A step function would cover the more expensive items, while cheaper food and clothing that most people spend their money on, is exempted.
We don’t need any more union jobs. We need fewer.
Canada has been in violation of USMCA from the day it was signed, with tariffs on a variety of goods that run into triple digits. US poultry farms cannot sell eggs into Canada due to triple digit tariffs. Wheat also has a triple digit tariff.
So while you complain about Trump doing a deal and then not honoring it(and I agree with you there) where is the critical piece on Canada not honoring the deal.
Reminder. 30% of Canadas GDP is dependent on the US.
2% of US GDP is dependent on Canada.
Canceling the deal with Starlink is petty politics. Musk didn’t slap the tariffs on Canada.
Having grown up in Detroit and having spent quite a lot of time in Windsor during my youth, and having sailed extensively for 30 years in northern Lake Huron I can say that Canadians are wonderful people. They also walk around with a chip on their shoulder, because they have the misfortune of living in the shadow of the US. And that makes them a bit petty and snippy at times. Playing out now.
Now that the SiHTF, radical change and threats to other countries are beginning to sound like a bridge too far.
I’m sorry we can’t bring Hillary back to replace the Thump. But, your attacks on the Thump for what you think he might do contradicts the four years he already served as Prez. Too much Beltway propaganda and not enough facts. Next, get some quotes from Hunter Biden for analysis of Ukraine.
Trump can’t keep kicking the world in the shins. He survived two assassination attempts. How long will his luck hold out?
A trillion here, a trillion there, and pretty soon you’re talking real money. Solozzo hit Corleone over a few mil.
A drone flying a yellow and blue flag may be in his future…lol
One of your best pieces, Mish
Mish – you need to study up on sovereignty and the law. Any contract between borders by countries has no legal time term. It can be canceled at any time by any party. It’s enforceable until any country backs out. That’s called sovereignty. Trump is allowed to back out at any time.
It is easier for Mexico and Canada to have trade surpluses with the US as Canada’s population is many times smaller than the number of US consumers and Mexico’s consumers have far less purchasing power and income. Tariffs are to be deployed against countries that use tariffs and non-tariff methods to keep out US goods that would be competitive in their markets. The Asians esp. were/are quite protectionist and mercantilistic but Europe not totally innocent either. Applying tariffs on our neighbors who have a free trade agreement with the US is self defeating. The US trade and current account deficits have been growing for many decades and almost in tandem wit the fiscal deficits. Reducing and eliminating the govt. deficits will help reduce the trade deficit as most of it is entitlements which boost consumption and imports. Also the competitiveness of the USA is hindered by high medical, insurance, legal and regulatory costs. Trump is working on the latter. Educational deficiencies also are a headwind. The trade deficit is a multi-faceted, complex problem but it may be solved in the worst way soon. A massive depreciation of the US dollar that raises greatly the cost of imports but that implies high inflation and a lower standard of living. Unfortunately that seems to be where it all is leading.
Great short term news. We get some USA relief while the trade emergency gets migrated and diversified outside NA. A cease fire! Brilliant.
What a great opportunity for China to become the top trading partner with every country in the world, with full access to Canada’s and Russia’s natural resources. While, we, of course, languish with multiple recalls on our shoddily built, $70k Ford F-150s. At least gas prices are back under $2/ gallon and egg prices are under $1!
They already have full access to Canada’s resources.
I’d give it a few days as it seems obvious that there were negotiations going on behind scenes and both Canada and Mexico dragged heels on some sticking point.
Trudeau is having a good pout and so is Sheinbaum.
Fairly sure it was Lutnick just yesterday saying Canada and Mexico were doing some things, just not enough action so things were fluid.
How can ANYONE deal with such an erratic narcissist??
As soon as he goes wanting another round of attention off we go with the next renig and flipflop.
ABSURD INSANE EXCUSE FOR FOREIGN POLICY?
AND WHY ARE WE TREATING FRIENDLY NEIGHBORS WORSE THAN PUTIN??
Maybe Trump keeps the 35% tariff on Russia. Who knows anymore.
“On June 27, 2022, U.S. President Biden signed a proclamation to raise the tariff rate on $2.3 billion worth of Russian imports to 35%. The tariff increase will take effect for import entries made on or after July 27, 2022.”
I am interested in results not fairy-tails about hurt feelings.
Results is what will be coming out of taking the hard road which is intended to stop killings in Ukraine.
Trudeau of Canada and Sheinbaum of Mexico are still not fully on board with going after criminals engaged in drug smuggling. When they do get off their asses and work with US on these sort of issues guess what, magic happens and tariffs policy gets ameliorated.
This is not some mystical academic question, Real people are dying from what should not be allowed to occur.
Kindergarten is over.
Back room trade discussions between Canada and US broke down mid last week because Navarro brought up border changes.
This spat is bigger than tariffs.
Time for a little Jest.
Why are Tariffs similar to our occasional failed relationships? Because the final cost of them becomes larger than they were ever worth
Cars are too expensive now as it is.
An increase from here will be disastrous.
I have friends who were looking at getting another car soon, and literally said this week that if tariffs increase prices there’s no way they’ll be buying any time soon.
Bought mine in December. Knew this nonsense was coming.
hmmm. sounds like canadian plants will need to layoff workers
Stopping the drug labs in Mexico & Canada is critical to the US population. The amount of deaths and mayheim this cause the US is astounding. I know people who OD’d on the killer drugs. Their famalies were very hurt by this careless killing. The drug doses kill. Thats it. It is intended to kill the end user.
Neither parsitic country can sustain a long drawn out trade war. Add high surcharges to Mexican remittances. Watch that income stream dry up. For Canada, no more financial support. If the US goes domestic with what Canada was supplying, the that market may not return for them. The US population can absorb non-essential price increases. Canada is already in a rough spot.
Also, look to whom is fighting the tariffs based on drug trade the most. See where their soft money is coming from.
Agree. US needs to stop exporting fentanyl and drugs north.
I like Doug Ford and he can say whatever he wants but he’s not in any position to do anything other than remove US liquor from the Ontario run liquor stores, cancel Starlink (which of course leaves nothing for rural people because there is no alternative so how’s that going to go over) and bluster a bunch.
He’s the equivalent of a state governor. We would all laugh if someone like Newsom pretended he spoke for the US or planned to cut off something in California to Canada or Mexico etc. Trade is done at the Federal level, not by governors. He needs to get out of the way and let Trudeau either sink or swim.
As for cutting off power to the US, there’s no chance. Imagine if he did and a blackout caused actual deaths at a hospital or somewhere else. The lawsuits would bankrupt Ontario and cause pretext for all kinds of other things no one wants to imagine (like cutting off oil to the Eastern provinces of Canada since those all run though US pipelines). At best he can impose a tariff on the exported electricity.
I know little about Doug Ford but I believe all US hospitals are required to have backup generators per OSHA and the
National Fire Protection Association (NFPA 99 – Health Care Facilities Code) in case anyone wanted to know.
There won’t be a tariff on exported electrity. There will be no electricity exported. USA wants to be stupid, that is their choice. We in Canada need to reduce dependency on such an unpredictable partner anyway. We will do a Free Trade deal with China, Japan and UK – then the EU. This should have happened long ago. USA people simply cannot be trusted, and we must deal with this. Trump is an amateur clown – even worse than Biden. This is amazing – but we must deal with this simple truth. Many, many changes ahead.
Of course it will be exported. You can’t store electricity like you can oil. So all that excess capacity has to be sold and it can only be sold to the USA because it also doesn’t transport in a boat.
Canada can of course charge more for it.
I sense Mr. Shedlock is completely correct here. I can’t argue. Trump’s achilles heel is that he’s actually quite weak and very manipulable. It’s what Zelensky missed. Sheinbaum has it more or less figured out. Flatter, make him feel like he’s the man and offer the cheapest solution you can. Stroke his ego. Make the optics work for him. As much as I like Trudeau, he screwed this one up by going the opposite way. If this were poker, Trudeau is playing with a smaller pot. It’s basically a “Nash Equilibrium” where each side has one optimal strategy. The small pot wins by making small bets, reading the opponent better, folding weak hands fast and making bigger bets only with very strong hands where the expected payout/cost ratio is very high. That would be 3 swings and a miss here for Trudeau with exports to the US at ~18% of GDP.
Trudeau is in a bad spot: he’s good looking, thin, fit and Melania thinks he’s hot. So Trump is going to go for the jugular. And as far fetched as that may sound, it’s hard to discount in its entirety.
He doesn’t think of Melania at all, for some reason.
Cannot compare Canada and Mexico. Canada has an existential problem with Trump as he is threatening sovereignty. This is not about trade or tariffs.
It would have been much easier for Canada to shut down the immigrant and fentanyl flow but that would have been “capitulating” so instead of using common sense the Canadians go into a hussy fit.
There’s no fentanyl (at least from Canada). That’s just the way to declare an “emergency” and muck with tariffs.
No emergency=no tariffs. That’s for Congress to decide.
Hence the fentanyl thing.
The reality is that synthetic opioids are super easy to make and there’s a ton of demand. If you want to blame someone, blame the Sacklers, not Mexico or Canada.
Bullshit
LOL! F*ck you are stupid Doug.
Blame culture. Good cultures don’t produce addicts. Capitalism does. Free markets are not ethical.
Incidentally they have been. I read that they’ve seized something like 3x as much as was seized in all of last year in only 2 months time. Clearly they weren’t trying until now.
The drugs are a sideshow for him to declare an emergency in order to impose the tariffs. He *needs* an emergency and drugs were it.
Too little too late. Patience has run out. Trudeau came up with a cosmetic solution made to look like he was doing something and would have satisfied a politician like Biden. Times have changed. Time to take notice.
Mish,
This article explains why Trump had to pretend drugs are the issue. It’s the only way he can declare an emergency to impose tariffs.
It also explains why they need to renegotiate the auto part of the deal now. Because China is just doing an end run through Mexico and calling their stuff made in Mexico so it can be sold in America as made under the trade agreement.
Sometimes you need to fix things now and not wait until 2026 when there is an obvious problem. If the other side doesn’t want to negotiate, you have to be willing to play hardball.
https://driving.ca/column/stephen-beatty-the-real-reason-trump-is-imposing-tariffs-on-cars
BREAKING: US Commerce Secretary Lutnick has said: Trump may roll back Canada and Mexico tariffs tomorrow
You got hot and bothered for nothing Mish.
Mish has predicted all 15 of the last zero recessions.
Fentanyl Lethal Dose 2 milligrams
I defer to Mish on GDP implications.
Those Canadian better be careful …
https://www.youtube.com/watch?v=jyO1ILQAGsU
Le Gravy Train is over boyz. And so is the all you can eat taco buffet.
Wheat, Corn and Soybeans??? All bad for gut health! Maybe RFK will make America Healthy Again.
That’s cattle feed. I want my cattle well fed before barbecuing it.
Claudia has drug lords to keep happy, so there are complexities South of the border that are more complicated that Doug Ford’s aneurysm.