The roller coaster of Canada – US relations continues. The breakdown of trade talks spells more turmoil and uncertainty. Trump’s 50 percent tariffs on $28 billion of trade are estimated to hit around 90,000 jobs and push the sluggish economy back towards recession. The Canadian government responded with equal tariffs on $28 billion of imports […]
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Donald Trump has called “tariff” his favourite word, showing that he must have a limited vocabulary. When he imposed tariffs on steel and aluminum imports in 2018, he claimed it was protecting American industry. In reality, these tariffs were a nationalist smokescreen for a deeper capitalist crisis — one where working people, not corporate elites, […]
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Not surprisingly, the Liberal’s new leader, Mark Carney, has called the federal election for April 28. The Liberal’s sense is that they can win. At the end of January Poilievre and the Conservatives seemed to be coasting to a landslide victory. Two months later it is now the Liberals who appear to be heading to […]
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Update: March 6 Trump is treating the economies of Canada, Mexico and the US the way a cat “teases” a captured mouse. He is playing with the future and livelihoods of 500 million people. On March 4, tariffs on all imports from Mexico and Canada were hit with 25 percent tariffs, apart from energy and […]
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Shockwaves sent through world capitalism The punitive tariffs announced by President-elect Donald Trump, 25 percent on all steel and aluminum imports along the paused tariffs against Canada and Mexico and the new tariffs on Chinese goods are a dramatic escalation of the global trade war. It is clear that the Trump administration is increasingly prepared […]
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Update: March 4 Trump has declared a trade war on Canada and Mexico. Workers in Canada, Mexico and the US need to draw up plans to protect jobs, livelihoods, living standards and homes. Trump has imposed tariffs on Canada, Mexico and China. On March 4, he confirmed his long-threatened tariffs of 25 percent on all […]
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