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Tariffs on Canada delayed for 30 days after talk between Trudeau and Trump. Trump folds.

PeteOsborne

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Feb 12, 2020
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kingston
If the problem is so small it should be easy to fix and not give Trump any more attention.
Why did Trudeau start a trade war?
More to cover up?
Trying to be tough on his way out?
Save the Liberal Party?
By escalating Trudeau and Fordsy allow Trump to ask for more now....
Probably not a good move.
The only way to get through to Trump is not tell him that the economies of both nations would suffer but to tell him how it would make him look.
In the end that is alll he cares about..
Trump started the trade war get your facts straight.
If it was me I would shut down electricity to the states as soon as the kicker contacted the ball to start the Superbowl.
Then I would make damn sure every form of media stated it was all because of Trump.
 

Frankfooter

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Apr 10, 2015
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If the problem is so small it should be easy to fix and not give Trump any more attention.
Why did Trudeau start a trade war?
More to cover up?
Trying to be tough on his way out?
Save the Liberal Party?
By escalating Trudeau and Fordsy allow Trump to ask for more now....
Probably not a good move.
Yes, has Trudeau been secretly working with Mexico to start a trade war with the US?
Good theory.
 
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PeteOsborne

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At this very moment? No where. However it's been clearly stated that actions will be initiated in the next 30 days or else we will be back to a trade war.
So you are pulling things out of thin air and hoping people will believe you.
Sounds like someone else I have heard of recently.
You mean the actions that have been in the works since Dec. 2024.
There will be no troops patrolling on the Canadian side of the border.
 

WyattEarp

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May 17, 2017
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I don't think Poilievre is that stupid. It would be wise to just keep it business with Trump.

Plus Poilievre has already talked about counter measures. It's also absolutely stupid being buddies with a guy that threatened to tank your economy for no real reason at all.
I didn't mean hang out at Mar-a Lago. Simply have cordial relationships.

Remember, Trump didn't tank the Canadian dollar and cause the Canadian economic stagnation. I suspect Trump might be helping the Liberals at the margins. It takes their mind off of other things for a little while.
 
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Gators

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Apr 9, 2023
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Yes, has Trudeau been secretly working with Mexico to start a trade war with the US?
Good theory.
The problem is small, but with Trump its not thought out, not logical, and this delay is to allow him to get his act together regarding tariffs. In 30 days time we shall what Trump does. Now he wants more US banking in Canada. His illogical demands will continue. Time would tell.
 

PeteOsborne

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No I'm repeating what has been reported. So based off of the info you're working with what as been agreed to in order to halt the tariffs for 30 days?
This is what Trudeau said Trump agreed to:
$1.3 billion plan including efforts to disrupt the fentanyl trade, new tools for law enforcement, enhanced coordination with US law enforcement, increased information sharing and limiting traffic at the border.
There was also the deployment of drones and Black Hawk helicopters for surveillance.

Compare it to this release from Jan 15th. as part of the Border defence plan annouced Dec. 2024.
One new element appears to be the appointment of a "fentanyl tsar" and a $200m intelligence directive.
https://www.canada.ca/en/immigratio...order-security-and-immigration-integrity.html
The Blackhawks were delivered a while ago and have been patrolling the 49th since Jan 17th.
https://northeastnow.com/2025/01/23/rcmp-blackhawks-take-to-the-sky/
 

Frankfooter

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Apr 10, 2015
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The problem is small, but with Trump its not thought out, not logical, and this delay is to allow him to get his act together regarding tariffs. In 30 days time we shall what Trump does. Now he wants more US banking in Canada. His illogical demands will continue. Time would tell.
Easy. Announce you will let the american banks already here work in Canada.
Bullshit the bullshitter.
 

Addict2sex

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Jan 29, 2017
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THAT'S RIGHT!!!!!
I TOLD YOU, PUSH BACK.
TRUMP FOLDED. IT'S A NEW ERA. RESPECT IS EARNED NOT GIVEN.

CANADA IS NOT FOR SALE.
Trudeau Bends The Knee: Canada Will Send 10,000 Troops To Border, Name Fentanyl Czar To Delay Trump Tariffs

MONDAY, FEB 03, 2025 - 04:53 PM
Update (4:40pm ET): In what is a carbon copy of Trump's tariff-delaying deal with Mexico, moments ago Canada's outgoing PM, Justin Trudeau, said that he too had bent the knee, i.e. had a "good call" with Trump, and that US tariffs on Canada would be paused for 30 days after Canada - just like Mexico - agreed to send 10,000 troops to the border as part of a $1.3 billion border plan which "reinforces the border with new choppers, technology and personnel, enhanced coordination with our American partners, and increased resources to stop the flow of fentanyl".


Trudeau also said that Canada will appoint a Fentanyl Czar, list cartels as terrorists, ensure 24/7 eyes on the border, and launch a Canada- U.S. Joint Strike Force to combat organized crime, fentanyl and money laundering.

Finally, the Canadian PM also signed a new intelligence directive on organized crime and fentanyl and we will be backing it with $200 million.

As a result of not only bending the knee but bending over fully for the US president, Trump's proposed tariffs will be paused for at least 30 days.

I just had a good call with President Trump. Canada is implementing our $1.3 billion border plan — reinforcing the border with new choppers, technology and personnel, enhanced coordination with our American partners, and increased resources to stop the flow of fentanyl. Nearly…
— Justin Trudeau (@JustinTrudeau) February 3, 2025
Shortly after Trudeau's post, Trump followed suit on his own Truth Social network, writing that Canada "has agreed to ensure we have a secure Northern Border, and to finally end the deadly scourge of drugs like Fentanyl that have been pouring into our Country, killing hundreds of thousands of Americans, while destroying their families and communities all across our Country."

Trump concluded by saying that he is "very pleased with this initial outcome" adding that the Tariffs announced on Saturday will be paused for a 30 day period "to see whether or not a final Economic deal with Canada can be structured. FAIRNESS FOR ALL!"



Trump has agreed to ensure we have a secure Northern Border, and to finally end the deadly scourge of drugs like Fentanyl that have been pouring into our Country, killing hundreds of thousands of

Separately, the FT reported that all shipments arriving by mail from Canada and China will need to be cleared by customs from Tuesday onwards as the US moved to close a trade loophole that allowed low value imports to avoid duties.

“Without regard to their value, no mail shipments from China will be cleared or released” by the Customs and Border Protection agency “unless and until formal entry is properly filed”, the agency said in a document scheduled to be published in the Federal Register on February 5.

The CBP used the same language in a filing about tariffs on Canada, also scheduled to be published on Wednesday.

Details on the CBP’s order requiring “formal entry” for shipments from Canada and China follows US President Donald Trump issuing executive actions imposing tariffs on goods from those countries.

Trump’s executive orders stated that the articles applicable for tariffs would not be exempt from the so-called “de minimis exemption”, which allows low value imports to avoid duties.

* * *

Tl;dr: VP JD Vance summed it all up in one simple tweet:

"For three days a lot of the far left has actively rooted against America and argued we’d get nothing out of President Trunp’s demands that Mexico secure its country.
Well, how do you like them apples?"

Late last night we said that it is very likely Trump's trade war would be very short, after we pointed to better than evern Polymarket odds that the trade war with both Mexico and Canada would be over in the next month or two.

And trade war over

MEXICAN PRESIDENT SHEINBAUM SAYS MEXICO WILL DEPLOY 10,000 NATIONAL GUARD IMMEIDATLEY TO BORDER TO AVOID TRAFFICKING OF DRUGS TO U.S. https://t.co/A6LlS5zXHx
— zerohedge (@zerohedge) February 3, 2025
And then, just hours later, this appears to have been validated after Mexico's president Scheinbaum said that after having a good conversation with Trump, Mexico is "pausing tariffs for a month for now" and that Mexico will promptly comply with Trump's ask by reinforning the northern border with 10,000 national guard members to "prevent drug trafficking from Mexico to the US, particularly fentanyl."

Sostuvimos una buena conversación con el presidente Trump con mucho respeto a nuestra relación y la soberanía; llegamos a una serie de acuerdos:

1.México reforzará la frontera norte con 10 mil elementos de la Guardia Nacional de forma inmediata, para evitar el tráfico de drogas…
— Claudia Sheinbaum Pardo (@Claudiashein) February 3, 2025
Here is a translation of what she said:

We had a good conversation with President Trump with great respect for our relationship and sovereignty; we reached a series of agreements:
1. Mexico will immediately reinforce the northern border with 10,000 members of the National Guard to prevent drug trafficking from Mexico to the United States, particularly fentanyl.
2. The United States is committed to working to prevent the trafficking of high-powered weapons to Mexico.
3. Our teams will begin working today on two fronts:security and trade.
4. They are pausing tariffs for one month from now.
President Trump has confirmed the tariffs are paused for one month:


The Canadians were very busy scouring the Government's tariffs site...



And now that trade war with Mexico appears to be over, Trump just has to repeat the same with Canada when he speaks to Trudeau at 3pm ET today.

As for China, we doubt that particular trade war will be as easy to win but who knows: Trump is certainly on a roll.

In any case, the market is certainly delighted with the outcome, and the Mexican peso is surging...





TSY yields are rising (shouldn't they fall on non-inflationary, non-tariffs?)...



Oil prices have plunged, erasing overnight tariff-driven gains...



Bitcoin is ripping higher (as we suppose this means no large drop in global liquidity?)



And US equities are reversing the large losses overnight quite rapidly...



Now, what will the Main stream Media say after doom-mongering all morning about Trump's 'catastrophic' tariffs?



PS.

FAFO win again. This is how a world leader operates. Not a shot fired, not one city bombed, no broken necks, no broken hearts.

No 10% grift and no nepotism

No apologies.
LetsGoBrandon.


And no military careerist and industry mogul paid off.
 
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Butler1000

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Oct 31, 2011
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I didn't mean hang out at Mar-a Lago. Simply have cordial relationships.

Remember, Trump didn't tank the Canadian dollar and cause the Canadian economic stagnation. I suspect Trump might be helping the Liberals at the margins. It takes their mind off of other things for a little while.
I agree it will be more business like and no hyperbole.

But make no mistake. There is going to be a dip in American orders for a bit. And a loss in travel. There is a lot of anger up here.

And I doubt he will get much more. We are prepared to go into a trade war if we have too. He blinked.
 

Frankfooter

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Apr 10, 2015
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This is what Trudeau said Trump agreed to:
$1.3 billion plan including efforts to disrupt the fentanyl trade, new tools for law enforcement, enhanced coordination with US law enforcement, increased information sharing and limiting traffic at the border.
There was also the deployment of drones and Black Hawk helicopters for surveillance.

Compare it to this release from Jan 15th. as part of the Border defence plan annouced Dec. 2024.
One new element appears to be the appointment of a "fentanyl tsar" and a $200m intelligence directive.
https://www.canada.ca/en/immigratio...order-security-and-immigration-integrity.html
The Blackhawks were delivered a while ago and have been patrolling the 49th since Jan 17th.
https://northeastnow.com/2025/01/23/rcmp-blackhawks-take-to-the-sky/
Trudeau could even declare it part of the military budget and then bullshit trump about increasing NATO spending. Not that trump actually cares about NATO but...
 
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PeteOsborne

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Agreed to but JT was dragging his feet so Trump turned up the heat. Now JT will be taking action.
How were "feet being dragged"?
Plans were released Dec 2024 and over 60% had been implemented by the second week of 2025.
The rest will take time due to delivery time and training on new equipment and procedures but they are underway now.
Also hiring more CBSA officers and training them as well is not a 2 week or evan 30 day process.
 
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