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21st century economies fight over a 20th century industry
Last month, President Trump imposed a 25 per cent tariff on steel and steel products, and a 10 per cent tariff on aluminum. Initially the tariffs applied to all foreign producers exporting those products to the United States. But Trump ...
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Your trade war is my export opportunity
Amazon CEO Jeff Bezos is renowned for saying “your margin is my opportunity.” Canada and other countries may soon be in position to paraphrase Bezos’ iconic boast as an emerging trade war involving the United States and China creates ...
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B.C.-Alberta pipeline war imbued with environmental hypocrisy
Last week, in the latest skirmish in the British Columbia-Alberta pipeline wars, B.C. Premier John Horgan (pictured above) responded to an Alberta threat to turn-off the oil taps to B.C. (thus hiking gas prices in his province) by saying ...
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Turmoil in Washington may have immediate consequences for Canada
This week, Gary Cohn, President Trump’s top economic advisor, resigned, allegedly because he disagreed with the president’s plan for tariffs on imported steel and aluminum. After the tariffs announcement, several Republican politicians ...
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U.S. tariffs on steel and aluminum imports will apply to all countries including Canada
Shakespeare immortalized March 15 as the Ides of March, the date of Julius Caesar’s assassination. President Donald Trump on March 1 stuck a knife into the world trade regime by announcing he would impose tariffs on imports of steel and ...
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Memo for President Trump—Canada runs a trade deficit with the U.S.
President Donald Trump issued a bizarre pronouncement this week—that Canada engages in smooth diplomatic trickery when it comes to trade relations with the United States. At a meeting with U.S. governors at the White House, the president ...
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Ottawa should uphold the Constitution and create a true economic union
While we have just celebrated the 150th anniversary of Confederation, the Canadian economic union is still nowhere near what was originally envisioned by the founders of the Canadian federation. Among the objectives of Confederation were ...
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Trump favours tariffs, to the delight of U.S. companies
Many observers believe that the ongoing “Montreal Round” of NAFTA negotiations, which started last week, represent a make-or-break moment for a “successful” renegotiation of NAFTA. Some reports say Canadian and Mexican trade officials ...
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Exchange rates can overreact to news reports including NAFTA buzz
This week a report stating that the Canadian government is increasingly convinced that President Trump will pull the United States out of NAFTA was credited with causing the Canadian dollar to drop from a closing value on Jan. 9 of US$ ...
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American firms smell blood in the trade waters
The Trump administration’s war against international competition continues with the U.S. Commerce Department’s ruling this week that Bombardier, an aerospace and transportation company based in Montreal, sold planes to U.S.-based Delta ...