If Trump does what he is promising, North America will change today
Tariffs are now left to the executioner's mouth for our nation's economy. And US President Donald Trump says he is going down on Saturday.
If the details of his program actually meet the rhetoric, it will change not only the economy, but Canada-US relations, as it develops against many generations.
The President claims that he moves forward by 25% of Canada and Mexico, including oil tariffs, although a milder pace.
He made his mind and did not want to negotiate, he says.
“We are not looking for concessions,” Trump told reporters at the Oval's office on Friday. “We'll see what happens.”
The planned decline in GDP, balloon deficit, debt
Again, we have not seen subtle printing, but if it is in line with his words, this will begin to rob the nightmare scenario on the Canadian economy.
The former parliamentary budget Spa Page plans a contraction next to the decline in 2009, somewhere in the place of 2 to 2.5 percent of GDP, along with the balloon national deficit and debt.
But there is a larger story that is re-registered. It includes Canada's place in the world after 90 years, if Trump promotes, he will hinder more than FREE trade in Canada. He will end an era that stretches even longer.
Canada and the United States have stable more closely with each other since 1935, as they have left for intermittent depression.
WHAT ARE THEY ARE THE MOST IMPORTANT?
1935 November 18, New York Times Gives: This, after the entire year of the talks, countries will remove hundreds of tariffs, and consumers will see cheaper radio stations, cars, clothing, fruits and vegetables.
Integration continued despite the fact that casual argumentation – Automatic pact 1965then free trade agreement 1987and more commercial contracts in 1994 and 2018 with Mexico.
Canada has just gave the United States with a global rearrangement with the United States with multiple recent moves that poisonous it ratio With China, but it turned out that it provides a place inside the American tent.
The new commercial trade barrier would mean there is no orbit. There is no tent. And the Canadians of the world recognize unrecognizably hidden.
Geopolitical order is a long-term question. In the short term, there are payments that need to be earned to feed the mouths and receive loans and receive rent.
Under the risk of pain in all economies, some are threatening greater danger than Canada exports in the United States.
Automatic industry warns of cessation of production lines
Repeat. We have not seen subtle printing.
But the 25% tariff would mean a rapid termination, in line with the early days of 2022 border blockades of the epidemic and trucks, one representative of the industry said.
“It would end in industry to turn off in North America – week,” Flavio Volp, head of the Canadian car parts lobby.
President Donald Trump warns that he wants to build a “tariff wall” for the United States and says 25% tariff in Canada comes on Saturday. Flavio Volp, the President of the Association of Automobile Particers and a member of the Canada-US Prime Minister warns no one in the United States is going to make cars. ”
If you are looking for a silver lining, there is not a lot to continue.
The quantity is hard enough, and may you see the delicate signs of a huge ramp, what is Friday in Trump? It was hardly perceptible, but when Trump asked what he was still negotiating, he used the words. “Not now,” we'll see. ”
The stock exchange also sent a trumpet to a delicate message on Friday afternoon. Dow Jones dipped the percentage of percentage, a modest but sudden decline.
If there is a guard here, something that could hinder Trump is the real economy. Fear that a self-determined wound may damage its public position. Since Congress will not stop him, the courts probably cannot. According to trade law professionalsA number
Then he overcomes again that he is ready for some pain. He told reporters on Friday that he expects short-term disorders, because he is the constant economy.
And if he is bluffing.
Even if Trump returned a few days later, temporary tariff could hurt. Companies will listen to Lowe's message to Louin and clear. Invest in your danger outside of America.
This is actually a long trading policy of Trump on steroids. He adds unpredictability to cross-border trade for years.
Are his allies To cleanse thisIf companies are worried, they can just move the production to the United States, that's Trump's goal. Unpredictability is a feature, not an error.
That is why a new trade agreement in North America has uncertainty in it. Trump team insisted once one-one-one Restores:and greeted less legal protections Investors:A number
So in recent weeks, Canada announced in a policy of solving Drug gangs and cross-border migration. Several members of the Trump team mentioned itwelcoming progress.
But there he was Friday. In the oval office, peaching something, maybe when it comes to public policy, his greatest love. Tariffs:
“It's one of the most beautiful words in the dictionary,” he said to the journalists on the eve of the executive operation, which can transform the economic map of North America.
This Sunday, the inspection of the Country of the Cross asks:
What questions do you have about our tariffs and how will they hit your pocket book? Fill in This form And you can appear on the show or have you read your comment in the air?
