No New Tariffs for Canada, Mexico Under Trump Update – TT

4 comments

1. SS: President Donald Trump’s sudden change to tariff policy on April 9 won’t affect the rates that currently apply to Canadian and Mexican products, according to a White House official.

   Canada and Mexico were left off the list of countries affected by Trump’s global 10% baseline tariff during his announcement of reciprocal tariffs on April 2. That’s still the case, according to the official, speaking on condition of anonymity.

   The white House official did state that the tariffs won’t apply to products that were built based on the rules of US Mexico Canada agreement.

2. At this point every university school of economics should open a department full of psychics and astrologist since no conventional model can explain what the hell Trump is trying to accomplish.

   Maybe hire some Chinese fengshui masters too. They have more insights than the best economists universities have to offer to explain Trump strategies.

3. Because they still have the specific tariffs targeting them this month after the Canadian election.

4. The press still has not learned. The markets seem pretty unclear on the lessons now.

   If Trump had started off with 125 percent tariffs on China, and 25 percent on major imports from Canada and Mexico, and 10 percent on the rest of the freakin’ world, it would have been treated as the apocalypse.

   If he *temporarily backs off* to that from something even *more* ridiculous, the headlines are “OK, Trump gave up, he’s gone sane, back to business as usual”.

Comments are closed.