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  1. WyattEarp

    U.S., EU agree to trade deal framework that puts 15% tariffs on European goods

    I didn't say anything of the such. You seem to want to fall back on some idea that denies global mercantilism and protectionism. Even if American consumerism was the main problem, we would have seen the dollar weaken a long time ago but we didn't really see such a development until Trump's...
  2. WyattEarp

    U.S., EU agree to trade deal framework that puts 15% tariffs on European goods

    I think you are taking a strictly Canadian view. The Trump Administration basically broke the eighty year covenant that the U.S. would hold together global trade by absorbing most of the globe's excess production and allow some friction in trade. Per Google AI: The term "buyer of last resort"...
  3. WyattEarp

    U.S., EU agree to trade deal framework that puts 15% tariffs on European goods

    This goes on with politicians all over the industrialized world for different products. That's why trade agreements are so difficult to negotiate. That's also why you will hear about trade negotiations long after Trump is gone. It will never end.
  4. WyattEarp

    U.S., EU agree to trade deal framework that puts 15% tariffs on European goods

    I agree with you, but I'm sure there was more to why Trump Towers failed in Toronto. I don't think Canadian banks could have been the main reason. For some reason, he had a great run developing mixed use hotel and condo properties. I don't know why someone would buy a condo for a premium just...
  5. WyattEarp

    U.S., EU agree to trade deal framework that puts 15% tariffs on European goods

    Generally, I am in agreement that the U.S, Canada and almost all industrialized countries subsidize, protect and/or provide price supports to agriculture. Some of this is the dynamic of farmers and those reliant on local agriculture being located in political districts where they bear a lot of...
  6. WyattEarp

    U.S., EU agree to trade deal framework that puts 15% tariffs on European goods

    The intellectual dishonesty is starting from a position that every Trump policy has to be wrong and cannot be effective in any way. Remember when Trump forcefully said NATO countries had to meet their commitments. The liberal coverage was that he was abandoning our allies the poor Europeans...
  7. WyattEarp

    U.S., EU agree to trade deal framework that puts 15% tariffs on European goods

    It appears he is overplaying his hand in dealing with Canada. Let's not allow this to dismiss the overall problem of the trade deficit with the rest of the world. I suspect Trump's heavy-handed approach is personal. I can't believe he is concerned about Canadian dairy supply management. Perhaps...
  8. WyattEarp

    U.S., EU agree to trade deal framework that puts 15% tariffs on European goods

    So the Japanese sell the U.S. bonds. What do you suppose happens to the money? Something has to happen to it after all. Even if the Japanese bought gold, the dollars that the gold sellers accumulate need to find a home. The monies need to be absorbed into an economy. I can explain this to the...
  9. WyattEarp

    U.S., EU agree to trade deal framework that puts 15% tariffs on European goods

    I have no idea how you came to your comparative conclusions. In reality, trade agreements have very little teeth behind them. Trade agreements are just another cooperative commitment.
  10. WyattEarp

    U.S., EU agree to trade deal framework that puts 15% tariffs on European goods

    Kind of like NATO military spending commitments?
  11. WyattEarp

    U.S., EU agree to trade deal framework that puts 15% tariffs on European goods

    Wars involving oil producers raise prices and it stands to reason that the end of these wars lower prices. The Ukraine war raised prices for a short time, but the glut of oil tamped prices down. And then, there's the decrease of Russian oil production...
  12. WyattEarp

    U.S., EU agree to trade deal framework that puts 15% tariffs on European goods

    I actually agree with you. However, I would say trade agreements aren't worth much under any U.S. regime. Countries like those in the EU will start working around trade agreements to create or get back advantages for their industries.
  13. WyattEarp

    U.S., EU agree to trade deal framework that puts 15% tariffs on European goods

    No one here is talking about how hindered trade was under the long, bureaucratic free trade agreements. No one except me and a select few are discussing a U.S.-Canadian common market. If the trade issues today are solely about negotiations and trying to get things each side wants, then that's...
  14. WyattEarp

    U.S., EU agree to trade deal framework that puts 15% tariffs on European goods

    As I said, I would like someone to refer an objective synopsis of U.S.-Canada trade issues. I always start with the so called free trade agreements had far too many clauses for free trade. No offense, don't dig up an article. I'm hoping someone less vested has come across something.
  15. WyattEarp

    U.S., EU agree to trade deal framework that puts 15% tariffs on European goods

    Oil prices have been structurally low since 2014. The Russian invasion of Ukraine in 2022 caused a brief spike. If Russia agrees to a peace plan, I suspect that would put pressure on the $65 barrel price.
  16. WyattEarp

    U.S., EU agree to trade deal framework that puts 15% tariffs on European goods

    Tourism does even compare to the magnitude of the trade deficit. If you take that 5x multiplier, the U.S. trade deficit works the other way in dampening activity. If you looking back at this thread, you're trying to come up with ways that Canada can hurt the U.S. I'm not sure there is much...
  17. WyattEarp

    U.S., EU agree to trade deal framework that puts 15% tariffs on European goods

    The U.S. economy is very diversified and complex. U.S. economy and trade are not even remotely dependent on foreign tourism. The Euro is worth 1.18. At some level, it will encourage some Americans to travel at home. It will be hard for Europeans to resist that FX rate beyond the short-run. You...
  18. WyattEarp

    U.S., EU agree to trade deal framework that puts 15% tariffs on European goods

    The 2nd quarter numbers are projected to be good. The first quarter numbers were impacted by inventory swings that tend to reverse themselves. Now of course if you wait long enough, there will be a recession. It's just the nature of economics. This economic cycle is long in the tooth and the...
  19. WyattEarp

    U.S., EU agree to trade deal framework that puts 15% tariffs on European goods

    We probably do need Canadian oil, but all economic transactions hit a threshold where they become uneconomic. And of course, Canadians need to move Alberta oil to refineries and ports. There's probably a very good reason why Canada hasn't built up its refinery infrastructure. I am aware of...
  20. WyattEarp

    U.S., EU agree to trade deal framework that puts 15% tariffs on European goods

    China is always buying fertilizer around the world. Like many of the commodities they acquire, they are a disruptive participant in the market. They search around the world for commodities. They buy a lot for a few years and then suddenly they are out of the market. It sounds strange but it has...
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