Canada’s new tariffs on U.S. drop to ‘nearly zero’ with exemptions, Oxford says

[JohnLarue]

Carney claimed he was the man to stand up to Trump
But now he has caved in completely to Trump

i guess he has some tendentious in his elbows , now that he has won the election via lies and deceit
Once again the Liberal Party of Canada places its political ambitions ahead of the interest of Canadians
the Liberal Party of Canada >>>>>>> lies and deceit
Mark Carney>>>>>>> lies and deceit

Canada’s new tariffs on U.S. drop to ‘nearly zero’ with exemptions, Oxford says

Canada has effectively suspended almost all of its retaliatory tariffs on U.S. products, tamping down inflation risks and improving its growth outlook, according to Oxford Economics.

www.bnnbloomberg.ca

Canada’s new tariffs on U.S. drop to ‘nearly zero’ with exemptions, Oxford says
Published: May 14, 2025 at 11:54AM EDT

Canada has effectively suspended almost all of its retaliatory tariffs on U.S. products, tamping down inflation risks and improving its growth outlook, according to Oxford Economics.

The government imposed new import taxes of 25 per cent on about $60 billion (US$43 billion) of U.S.-made goods in March in response to the first round of tariffs from the Trump administration. Canada also retaliated against U.S. auto tariffs in early April by putting its own levies on U.S. vehicles.

But Prime Minister Mark Carney’s government then announced a six-month tariff exemption for products used in Canadian manufacturing, processing and food and beverage packaging, and for items related to health care, public safety and national security. Automakers got a break, too: companies that manufacture in Canada, such as General Motors Co., are allowed to import some vehicles into Canada tariff-free.

Those exemptions mean Canada’s tariff-rate increase on the U.S. is “nearly zero,” according to calculations by Oxford.

“It’s a very strategic approach from a new prime minister to really say, ‘We’re not going to have a retaliation,’” Tony Stillo, Oxford’s director of Canada economics, said in an interview. “It’s a strategic play on the government’s part to not damage the Canadian economy.”

Retaliatory tariffs on some U.S. goods remain, including on food items such as orange juice, alcohol and coffee, as well as clothing and cosmetics.

Carney fought and won an election last month by convincing millions of Canadian voters that he was the best candidate to handle a trade war with the U.S., which buys about three-quarters of Canada’s exports.

The prime minister said Canada will have to strengthen its own domestic economy — partly through government-backed infrastructure and housing initiatives — and seek out new trade and security alliances with other countries. But he’s also made it clear that he doesn’t necessarily endorse “dollar for dollar” retaliation, which former Prime Minister Justin Trudeau said he supported in “principle.”

A spokesperson for Finance Minister Francois-Philippe Champagne, whose department is responsible for administering the tariffs, did not reply to a request for comment on the Oxford report.

Oxford still sees the Canadian economy slipping into recession this year, but it upgraded its growth forecast to 0.9 per cent for this year and 0.3 per cent next year. Government spending should soften the blow of the trade war, the firm said. It’s forecasting that the rate of inflation will briefly rise to 3 per cent in 2026, but should quickly ease.

 

[PeteOsborne]

Did you read the article or just the headline?
Remember the retaliatory tariffs were imposed by the Trudeau government.
From the article, some key points.
" Canada has effectively suspended almost all of its retaliatory tariffs on U.S. products, tamping down inflation risks and improving its growth outlook, according to Oxford Economics."

"...Prime Minister Mark Carney’s government then announced a six-month tariff exemption for products used in Canadian manufacturing, processing and food and beverage packaging, and for items related to health care, public safety and national security. Automakers got a break, too: companies that manufacture in Canada, such as General Motors Co., are allowed to import some vehicles into Canada tariff-free."

"It’s a strategic play on the government’s part to not damage the Canadian economy.”

" Retaliatory tariffs on some U.S. goods remain, including on food items such as orange juice, alcohol and coffee, as well as clothing and cosmetics. "

"But he’s (Carney) also made it clear that he doesn’t necessarily endorse “dollar for dollar” retaliation, which former Prime Minister Justin Trudeau said he supported in “principle.”"

National "buy anything but American" sentiment and avoiding travel to the US will most likely have a better effect on the US economy while strenghtening our own.

 

[DesRicardo]

Different article.

Canada's new tariffs on U.S. drop to 'nearly zero' with exemptions: Oxford Economics

"It’s a very strategic approach from a new PM," says Tony Stillo, Oxford’s director of Canada economics.

nationalpost.com

"A spokesperson for Finance Minister Francois-Philippe Champagne, whose department is responsible for administering the tariffs, did not reply to a request for comment on the Oxford report."

Looks like they want to keep this a secret, I'm assuming to avoid bad or critical press.

This Administration is looking very shitty so far.

 

[Vinson]

There better be Tariffs on US products.

 

[DesRicardo]

Did you read the article or just the headline?
Remember the retaliatory tariffs were imposed by the Trudeau government.
From the article, some key points.
" Canada has effectively suspended almost all of its retaliatory tariffs on U.S. products, tamping down inflation risks and improving its growth outlook, according to Oxford Economics."

"...Prime Minister Mark Carney’s government then announced a six-month tariff exemption for products used in Canadian manufacturing, processing and food and beverage packaging, and for items related to health care, public safety and national security. Automakers got a break, too: companies that manufacture in Canada, such as General Motors Co., are allowed to import some vehicles into Canada tariff-free."

"It’s a strategic play on the government’s part to not damage the Canadian economy.”

" Retaliatory tariffs on some U.S. goods remain, including on food items such as orange juice, alcohol and coffee, as well as clothing and cosmetics. "

"But he’s (Carney) also made it clear that he doesn’t necessarily endorse “dollar for dollar” retaliation, which former Prime Minister Justin Trudeau said he supported in “principle.”"

National "buy anything but American" sentiment and avoiding travel to the US will most likely have a better effect on the US economy while strenghtening our own.

So his plan is to do everything Trump wants?

I thought you guys said Elbows Up, he's the best to stand up to Trump?

 

[PeteOsborne]

Different article.

Canada's new tariffs on U.S. drop to 'nearly zero' with exemptions: Oxford Economics

"It’s a very strategic approach from a new PM," says Tony Stillo, Oxford’s director of Canada economics.

nationalpost.com

"A spokesperson for Finance Minister Francois-Philippe Champagne, whose department is responsible for administering the tariffs, did not reply to a request for comment on the Oxford report."

Looks like they want to keep this a secret, I'm assuming to avoid bad or critical press.

This Administration is looking very shitty so far.

No, it is the exact same article word for word, did you read either?
How are they keeping it a secret when it is in the media?

 

[PeteOsborne]

So his plan is to do everything Trump wants?

I thought you guys said Elbows Up, he's the best to stand up to Trump?

You really have no clue do you.
I could take the time and spell out how tariffs on incoming goods needed for manufacturing in Canada damage OUR economy and lead to inflation but it would go over your head.

 

[PeteOsborne]

There better be Tariffs on US products.

There are, read the article.

 

[DesRicardo]

No, it is the exact same article word for word, did you read either?

I don't read articles first, I read official statements, then look at the article. There is no statements, but i decided to post it anyways.

How are they keeping it a secret when it is in the media?

"A spokesperson for Finance Minister Francois-Philippe Champagne, whose department is responsible for administering the tariffs, did not reply to a request for comment on the Oxford report."

 

[DesRicardo]

You really have no clue do you.
I could take the time and spell out how tariffs on incoming goods needed for manufacturing in Canada damage OUR economy and lead to inflation but it would go over your head.

Take the time to tell me where the budget is first.

Like I said in another thread, just send Doug Ford to negotiate. He does a better job.

Carney is too much of an insider. Guys like you are too blinded by yourselves to see it.

 

[PeteOsborne]

I don't read articles first, I read official statements, then look at the article. There is no statements, but i decided to post it anyways.


"A spokesperson for Finance Minister Francois-Philippe Champagne, whose department is responsible for administering the tariffs, did not reply to a request for comment on the Oxford report."

How long before they posted the article did they ask for comment? It doesn't say in the article.
If they waited an hour I see no issue with no reply, if it was 24hrs then I would say he was avoiding answering.

 

[PeteOsborne]

Take the time to tell me where the budget is first.

Like I said in another thread, just send Doug Ford to negotiate. He does a better job.

Carney is too much of an insider. Guys like you are too blinded by yourselves to see it.

You cannot make a budget with factors up in the air such as on and off again tariffs.
Setting a spending goal by forcasting GDP then Trump applying more tariffs would throw them all out of wack.
Companies are also having trouble forcasting their budgets with the trade uncertanties at play right now.

You just don't understand that in order to curb inflation you need to decrease costs or raise interest rates.
This is what is being done by removing tariffs on goods we need from the US to keep Canadians working..

 

[DesRicardo]

How long before they posted the article did they ask for comment? It doesn't say in the article.
If they waited an hour I see no issue with no reply, if it was 24hrs then I would say he was avoiding answering.

Bloomberg published yesterday and no updates have been given.

But who are you kidding? You'd support anything they'd do. If tariffs are back tomorrow, you'll say it's a great idea.

 

[DesRicardo]

You cannot make a budget with factors up in the air such as on and off again tariffs.
Setting a spending goal by forcasting GDP then Trump applying more tariffs would throw them all out of wack.
Companies are also having trouble forcasting their budgets with the trade uncertanties at play right now.

You just don't understand that in order to curb inflation you need to decrease costs or raise interest rates.
This is what is being done by removing tariffs on goods we need from the US to keep Canadians working..

Of course he can. He literally was sold as being financially responsible.

The truth is he fell short of his majority and know he has no shot forcing his budget through, eventually losing confidence.

It's part of having Responsible Government. You don't believe in Democracy.

 

[Anbarandy]

Different article.

Canada's new tariffs on U.S. drop to 'nearly zero' with exemptions: Oxford Economics

"It’s a very strategic approach from a new PM," says Tony Stillo, Oxford’s director of Canada economics.

nationalpost.com

"A spokesperson for Finance Minister Francois-Philippe Champagne, whose department is responsible for administering the tariffs, did not reply to a request for comment on the Oxford report."

Looks like they want to keep this a secret, I'm assuming to avoid bad or critical press.

This Administration is looking very shitty so far.

So his plan is to do everything Trump wants?

I thought you guys said Elbows Up, he's the best to stand up to Trump?

Of course he can. He literally was sold as being financially responsible.

The truth is he fell short of his majority and know he has no shot forcing his budget through, eventually losing confidence.

It's part of having Responsible Government. You don't believe in Democracy.

Bloomberg published yesterday and no updates have been given.

But who are you kidding? You'd support anything they'd do. If tariffs are back tomorrow, you'll say it's a great idea.

Take the time to tell me where the budget is first.

Like I said in another thread, just send Doug Ford to negotiate. He does a better job.

Carney is too much of an insider. Guys like you are too blinded by yourselves to see it.

Bro, once again you are demonstrating that you are way out of your league here.

Heart rendering? No, but oh so pityingly sad to watch.

 

[Anbarandy]

Carney claimed he was the man to stand up to Trump
But now he has caved in completely to Trump

i guess he has some tendentious in his elbows , now that he has won the election via lies and deceit
Once again the Liberal Party of Canada places its political ambitions ahead of the interest of Canadians
the Liberal Party of Canada >>>>>>> lies and deceit
Mark Carney>>>>>>> lies and deceit


View attachment 439322

Canada’s new tariffs on U.S. drop to ‘nearly zero’ with exemptions, Oxford says

Canada has effectively suspended almost all of its retaliatory tariffs on U.S. products, tamping down inflation risks and improving its growth outlook, according to Oxford Economics.

www.bnnbloomberg.ca

Canada’s new tariffs on U.S. drop to ‘nearly zero’ with exemptions, Oxford says
Published: May 14, 2025 at 11:54AM EDT

Once again, TERB's sole, self-proclaimed capitalist, trillionaire, titan of industry, commerce and haberdashery gets it ....... all so wrong!

 

[Frankfooter]

Carney claimed he was the man to stand up to Trump
But now he has caved in completely to Trump

i guess he has some tendentious in his elbows , now that he has won the election via lies and deceit
Once again the Liberal Party of Canada places its political ambitions ahead of the interest of Canadians
the Liberal Party of Canada >>>>>>> lies and deceit
Mark Carney>>>>>>> lies and deceit


View attachment 439322

Canada’s new tariffs on U.S. drop to ‘nearly zero’ with exemptions, Oxford says

Canada has effectively suspended almost all of its retaliatory tariffs on U.S. products, tamping down inflation risks and improving its growth outlook, according to Oxford Economics.

www.bnnbloomberg.ca

Canada’s new tariffs on U.S. drop to ‘nearly zero’ with exemptions, Oxford says
Published: May 14, 2025 at 11:54AM EDT

Last week you called for Canada to drop tariffs to the US.
Today you say its wrong for Canada to drop tariffs to the US.

Clown show, larue.

 

[DesRicardo]

Bro, once again you are demonstrating that you are way out of your league here.

Heart rendering? No, but oh so pityingly sad to watch.

Bro, you're not even saying anything.

You could have smashed your head on the keyboard then pressed Post Reply and it would have been a better response.

 

[JohnLarue]

There are, read the article.

what part of ''nearly zero'' is so confusing for you ?

Canada's new tariffs on U.S. drop to 'nearly zero' with exemptions

meanwhile back during the election

Mark Carney’s Liberals will stand up for Ontario workers against President Trump | Liberal Party of Canada

A Mark Carney-led government will stand strong against President Trump’s tariffs, create new jobs, cut taxes for the middle class, and build the fastest growing economy in the G7. Liberals will build Canada strong.

liberal.ca

The liberals/ Carney lied to Canadians to win the election

once again they prioritized the interest of the liberal party of Canada over the interests of Canadians

 

[JohnLarue]

Last week you called for Canada to drop tariffs to the US.
Today you say its wrong for Canada to drop tariffs to the US.

Clown show, larue.

at no point have i said its wrong for Canada to drop tariffs to the US.


it is what Mark Carney said to Canadians during the campaign that matters
he misrepresented himself and lied to Canadians
Are you that stupid that you do not understand that ?