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Cake day: June 16th, 2023

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  • All these TACO memes are wearing pretty thin. Trump has instituted a minimum of 10% tariffs on all trading partners, with scant prospect of them ever lowering in the future even after his presidency (once tariffs go up, it’s very hard to bring them down because of the special interests that come to depend on them). He has strongarmed the EU, Japan, and other countries into accepting these permanently elevated tariff levels without retaliation. Only 3 countries have shown any sort of backbone against this: China, Canada, and Brazil (maybe India, but it’s too soon to say). In all the other cases, Trump ain’t the one chickening out, it’s the other side that abjectly folded.

    (It doesn’t matter, by the way, if the Europeans intend to slow walk the investments and weapon purchases they promised to Trump, or whatever. That’s copium. The point is that they bent to Trump’s will, and once you cave to a bully, he’ll be back for more.)





  • Chinese steel is cheaper than Canadian steel… Canadian steel is being targeted by tariffs in America, we need to make sure that as many Canadian companies as possible are using Canadian steel

    This makes no logical sense. When Canadian steel are priced out of the US by tariffs, the supply available for domestic use goes up, which would normally cause the price to fall, already automatically reducing the price advantage of Chinese steel.

    Basically, this is a convoluted way to keep steel prices high, to the detriment of Canadian manufacturers that use steel.