Political news and analysis for Canadians

Category: Trade (Page 10 of 19)

U.S. is withdrawing its positions on French language and Canadian culture

Canada-U.S. Trade Minister Dominic LeBlanc says the federal government “welcomes” the US “withdrawing” its positions on the French language and culture after American trade representative Jamieson Greer told CBC News Canada’s streaming laws are not a “red line” for the American side, reports Peter Zimonjic at CBC News.

“Canada welcomes that the U.S. is now withdrawing its positions on discoverability and labelling and is confirming that measures to promote French language and Canadian culture will not be subject to future U.S. trade actions,” LeBlanc said in a statement posted on social media.

“We look forward to further constructive U.S. clarifications on their other positions which would create the possibility of a mutually beneficial trade agreement that respects Canadian sovereignty.”

Reuters: Canada minister says he welcomes US change on French language requirements

International bond markets signal fading confidence in US economic leadership

Nicholas Spiro, a partner at Lauressa Advisory, a specialist London-based real estate and macroeconomic advisory firm, writes:

Last week’s breakdown in negotiations between the North American neighbours, which triggered the imposition of US tariffs of 50 per cent on a wide range of Canadian goods, showed the degree to which Trump’s trade policies are vindictive, politicised and self-defeating.

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Trump’s unprovoked trade war with Canada could change how America’s farmers grow their crops for years

Jayash Paudel, Associate Professor of Economics, University of Oklahoma writes:

In my assessment, the enduring effect of this trade war on U.S. agriculture, if it continues to escalate, won’t be a single bad season. Across thousands of farms, farmers may have to reduce their fertilizer use as prices – already high from supply disruptions because of the war in Iran – rise. It may have little visible consequence at first, but the lasting impact could emerge later in smaller future harvests if this trade war continues.

Canada’s tariffs aren’t directly aimed at farmers, but farms will feel the cost if they go into effect.

Canada’s tariff list for Sept. 8 appears to match U.S. tariffs dollar for dollar. I believe agriculture is caught in the broader fallout, not directly targeted.

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‘Pain points’ expected for Canadian business amid the American trade war

The heat-treated hardwood business occasionally brings in wood from the U.S. when Canadian mills can’t meet their needs, said Lennon. But when the company started including caveats about tariffs in their quotes, about half of its customers started asking where their wood is originally sourced, Erica Butler at CBC News reports.

They “would say no if it came from the U.S.,” he said.

And because the U.S. has launched new tariffs across the world, Lennon said he’s also hearing from European customers that don’t want to deal with the American companies anymore.

Trump’s trade representative blames Canada for failed trade talks

The American trade representative, Jamieson Greer, told CBC News that Canada was responsible for the collapse in talks and denied Ottawa’s claims that last-minute U.S. changes scuttled a deal.

Simon Lester, International Economic Law and Policy Blog: “Given the scope of the Section 232 tariffs in Trump’s second term, it certainly feels that way. So many products are being covered at this point that the connection to national security, which was weak to begin with, seems totally severed. And if that’s the case, how reliable are any of these agreements?”

Meanwhile, the premiers of Ontario and Saskatchewan weighed further retaliatory action.

The Walrus: Americans Trust Canada in Trade Talks More than Their Own Government

How Europe can support Canada in its trade war with Trump

The Canada-US trade war has escalated sharply – with both countries planning to impose tit-for-tat tariffs on each other after last ditch talks collapsed over the weekend. Canada is hitting back with tariffs on some US imports from September 8, and for now, no further talks are planned. Canadian Prime Minister Mark Carney says something much bigger has shifted, which raises a question for Europe.

Carney says this fall Canada will begin talks with the European Union for what he calls a much stronger and deeper security and economic partnership. But can Europe really provide Canada with an escape route from its dependence on America?

DW News spoke to Jacob Funk Kirkegaard, a Senior Fellow at Bruegel – a major economic policy think tank based in Brussels.

U.S. weapons shortage alarms allies confronting China

The massive expenditure of U.S. munitions in the Middle East is increasingly worrying Asian allies and frustrating Pentagon officials overseeing the Indo-Pacific, who fear that the prolonged war with Iran could undermine U.S. readiness for a conflict with China as it continues to step up military pressure across the region, report Cate Cadell, Noah Robertson, and John Hudson in the Washington Post.

Concerns about the depleted stockpile come as the US cancelled an amphibious landing exercise with South Korea scheduled for September, citing demands on U.S. forces from the war in Iran, a week after President Trump announced that he was scaling back joint military exercises with the key ally.

South Korea, Japan, and Taiwan, rely on Washington as the dominant supplier of major conventional weapons and are reckoning with years-long backlogs. The Middle East conflict has intensified those strains, consuming and reallocating munitions that could be critical in a war with China.

Alberta’s Smith bucks call to cancel separation vote amid Canada-U.S. trade war

Alberta Premier Danielle Smith is continuing to buck calls to postpone a fall referendum she scheduled about the province quitting Canada, reports CP.

Opposition NDP Leader Naheed Nenshi has said the vote projects an image of national weakness amid Canada’s tense trade war with the United States.

CBC: Alberta NDP leader urges premier to cancel separation vote amid Canada-U.S. trade war

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