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

Butler1000

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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.
I agree. That's why the dairy is a red herring, just like fentanyl. He is destroying imo one of the best and long standing trade and security relationships in the history of modern diplomacy.

And for no good reason.
 
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jalimon

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I agree. That's why the dairy is a red herring, just like fentanyl. He is destroying imo one of the best and long standing trade and security relationships in the history of modern diplomacy.

And for no good reason.
It's horrible to alienate Canada the egotistical way Trump did. And I don't mean that for myself, who loves the US but despises dumb idiot Trump.

In my field of work, Trump's first 7 months have been a complete disaster. And I am polite.
 
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Frankfooter

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It's horrible to alienate Canada the egotistical way Trump did. And I don't mean that for myself, who loves the US but despises dumb idiot Trump.

In my field of work, Trump's first 7 months have been a complete disaster. And I am polite.
Its a total shit show, so many cancelled contracts and people who are waiting for the dust to settle before they start again.

At least he's handling the Epstein scandal really well.
 

WyattEarp

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I agree. That's why the dairy is a red herring, just like fentanyl. He is destroying imo one of the best and long standing trade and security relationships in the history of modern diplomacy.

And for no good reason.
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" in the context of U.S. trade refers to the United States' role as the global consumer that absorbs excess goods and savings from other countries, particularly when their economies are struggling. This role helps stabilize the global economy by providing a market for other nations' exports and preventing widespread economic downturns. However, this position has also led to concerns about the U.S. trade deficit and its impact on domestic industries.

Let's face it. Carney and LeBlanc aren't going to give up anything they think they don't have to give up. On the other hand, they aren't interested in moving to a common market similar to the U.S. That tells us something about trade between the U.S. and Canada. It's not as frictionless as has been portrayed by some.

I'm sure Canada provides some things that the U.S. needs like oil and potash, but if it were that simple Carney and LeBlanc would have this wrapped up.

PS- You don't want to lean on "security relationships" which have essentially become the U.S.' responsibility.
 
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Butler1000

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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" in the context of U.S. trade refers to the United States' role as the global consumer that absorbs excess goods and savings from other countries, particularly when their economies are struggling. This role helps stabilize the global economy by providing a market for other nations' exports and preventing widespread economic downturns. However, this position has also led to concerns about the U.S. trade deficit and its impact on domestic industries.

Let's face it. Carney and LeBlanc aren't going to give up anything they think they don't have to give up. On the other hand, they aren't interested in moving to a common market similar to the U.S. That tells us something about trade between the U.S. and Canada. It's not as frictionless as has been portrayed by some.

I'm sure Canada provides some things that the U.S. needs like oil and potash, but if it were that simple Carney and LeBlanc would have this wrapped up.

PS- You don't want to lean on "security relationships" which have essentially become the U.S.' responsibility.
Now you are trying to claim that American Consumerism, which is the hallmark of its core capitalist belief system, and the insatiable appetite it's citizens have for new and shiny things, was somehow altruistic?

Dude, American Exceptionalism has nothing to do with shopping on Amazon and Wayfair.
 

WyattEarp

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Now you are trying to claim that American Consumerism, which is the hallmark of its core capitalist belief system, and the insatiable appetite it's citizens have for new and shiny things, was somehow altruistic?

Dude, American Exceptionalism has nothing to do with shopping on Amazon and Wayfair.
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 trade talks. Instead, we have chronic trade deficits with certain countries and a dollar that kept strengthening. On a global basis, this defies the logic of a free market.
 
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Butler1000

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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 trade talks. Instead, we have chronic trade deficits with certain countries and a dollar that kept strengthening. On a global basis, this defies the logic of a free market.
Um, no

As we both agree on, nations have internal interests they protect, whether for national security, food security, or political reasons. There has bever been, nor will there ever be, absolute free trade. Thats why the agreements take so long to hammer out.

But you need to acknowledge that the primary driver of the trade deficit is American consumerism. It just is. In the case if Canada however, because it primary has to do with Alberta crude, it's a non issue. You turn that 100 billion into 300 billion. It will cost the USA to stop it.

Other than that things are pretty even, probably favor the USA a bit.
 

onthebottom

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At least three years. I already have my travel plans for the next two planned out. Two trips within Canada, one to Mexico, and one to the Caribbean. Direct flights. I'm not going near your border agents.

As well my wine buying, liquor buying, and most product buying will be checked for labels. I can't do a complete boycott but a lot less money will flow.

And btw the booing was in response to threats of annexation. Your duly elected leader chose to be a fucking asshole. To not expect a negative response is ridiculous. To claim some sort of grievance in kind is myopic and shows the casual indifference prompting the response. It wasn't a joke. It was an insult to a long standing relationship we have spilled blood and treasure for.

These things are easily broken, and slow to repair.
I think it’s easy for Canadians to over estimate how much time the US spends thinking about Canada. It’s very near zero. We did a deal with Australia before Canada (and for the first time they will take our beef), that should tell you something. It wouldn’t surprise me if Trump waits until the end to deal with Canada and Mexico. GM has already said publicly they will move production back to the US to avoid paying $1b in tariffs they can’t pass on to customers. I don’t think he really gives a shit about potash, soft wood or avocados. It’s likely manufacturing an assembly that he wants to pull back to the US high tariff would serve that purpose.
 

Butler1000

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I think it’s easy for Canadians to over estimate how much time the US spends thinking about Canada. It’s very near zero. We did a deal with Australia before Canada (and for the first time they will take our beef), that should tell you something. It wouldn’t surprise me if Trump waits until the end to deal with Canada and Mexico. GM has already said publicly they will move production back to the US to avoid paying $1b in tariffs they can’t pass on to customers. I don’t think he really gives a shit about potash, soft wood or avocados. It’s likely manufacturing an assembly that he wants to pull back to the US high tariff would serve that purpose.
Then why are Governors, Senators, and Mayors all courting us? Begging us to come back? You might not think of us, but a shit load of border communities do.

And I think GM is talking out of both sides of their mouth. It would takes years to reset their supply chain and billions in investments. Just to see the next admin remove tariffs. They are already pissed about the Japan deal framework. And Japan is saying read the fine print.

As I said earlier. These aren't deals, just frameworks to appease things. The EU already has said their 600 billion pledge is meaningless as it's up to business. And several govts have said the deal is bullshit.

His 90 deals in 90 days isn't happening. And as for Canada and Mexico the USMCA is still in effect and the vast majority of trade is happening normally. Court challenges on the tariffs by US claimants are reaching decision soon.
The constitution is clear on who can impose tariffs.
Meanwhile what you and Trump don't get is this affects so much more than trade. The world just will stop buying American products. And travelling there. It's already happening. You think Europe and Japan is suddenly going to buy Ford F-150's? Huge SUV's? They won't fit on their streets, and guzzle way too much gas.

But hey, if you want to support a sales tax of 15% plus go ahead. Go look at Walmrt, Dollar General, Target, and various other retail pricing. They are passing it along as pre ordered inventory dries up.
 

richaceg

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Frankfooter

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And what do you know? from getting info from Megatron and Meidas touch and more fake news? You can't condemn Hamas, then you're a terrorist supporter. Keep nitpicking the dates...that's all you're good at.
Hamas has committed some acts of terrorism and should be charged for those acts.
Israel has committed apartheid, terrorism and genocide while illegally occupying Palestine and should be charged for all those acts.

Hold them all to the law.

trump is a pedo and fraud artist.

Which leaves you backing pedos, felons and genocide.
Is there any shite you won't defend?

 
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richaceg

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Hamas has committed some acts of terrorism and should be charged for those acts.


very telling...the people who set this shitshow in motion is just now a role player...they are the superstar of this war franky...
you idiots who support Hamas didn't show up after Oct 7 for a few days...no condemnation, nothing...you wait until the reaction happens and now run your mouths...
 
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Frankfooter

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very telling...the people who set this shitshow in motion is just now a role player...they are the superstar of this war franky...
you idiots who support Hamas didn't show up after Oct 7 for a few days...no condemnation, nothing...you wait until the reaction happens and now run your mouths...
Your brain is addled and you can't write complete sentences or complete thoughts.
In 2023 before Oct Israel killed the most kids in a year and had the highest number of settler terrorist attacks.
Oct 5th Israel allowed settlers to storm the Al Aqsa, which they did in 2021 and Hamas responded that year as well.

Its always the same, Israel takes more land, kills more Palestinians and commits more terrorism. Hamas responds and Israel claims they are the victims.
As if Israel are the victims of the occupation.

 

WyattEarp

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I don’t think he really gives a shit about potash, soft wood or avocados. It’s likely manufacturing an assembly that he wants to pull back to the US high tariff would serve that purpose.
I think the members have some point about potash. Probably not as much as they think though.

If Canada takes their potash and ships it all to China, the profit margin is eroded. The U.S. conversely would be forced to buy potash from overseas and pay the higher shipping costs.

Potash is a fungible and competitive market. There are no global shortages, no unmet demand. See the Potash pricing chart below. Except for a COVID blip, prices have been relatively stable for over ten years. Additionally, potash production/consumption has been also relatively stable over that period.

Oil is also interesting taken from a non-national perspective. Perhaps the Trump regime believes that Canadian oil suppresses U.S. production. I honestly don't know. There are a lot of factors involved including heavy vs light crude, cost of fracking, etc. There are also structural reasons that Alberta crude always sells less than West Texas crude. Hint: Most of the difference ain't because the Canadians are giving the U.S. a discount.

In a large bilateral trade negotiation like this, both sides have ways to hurt the other. Neither would benefit from blowing up the negotiations. So both sides have to aggressively play their hand without forcing the other side to call their bluff.
1753892166549.png
 

WyattEarp

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very telling...the people who set this shitshow in motion is just now a role player...they are the superstar of this war franky...
you idiots who support Hamas didn't show up after Oct 7 for a few days...no condemnation, nothing...you wait until the reaction happens and now run your mouths...
Who the fuck started this discussion on a thread about trade deals?

Oh wait, let me guess.
 
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