RE:RE:Trump may not tariff Canadian oil westcoastlogger wrote: Trump isn't interested in tariffing little old Canada into the poorhouse. We're already there, and when he tariffed steel and aluminum he caught Castreau pulling a fast one on him by importing cheap crapp steel and aluminum from China for a bargain, and reselling it to America for a premium. He can't stand the sight of Castreau in the first place, so really it was just a peeing contest. Trump's beefs are with China and Mexico. He told John Deere a few weeks ago he will tariff them into non existance if they go ahead with their plans to build their equipment in Mexico for instance,
Justin Trudeau was buying steel and aluminium from China??? This is on top of driving down the price of WTI??? Where, oh where does he find the time??? LOL I would think that somebody who calls himself a logger would understand better than anybody the Canada/US trade relationship. The softwood lumber dispute has been going on for FORTY YEARS. The logging industry has had to live with the bullying from the US for that long....with Trump 2.0 more industries are going to feel the same pain.
Quite simply the US's version of supply and demand economics goes like this: If the US produces a commodity it will supply it at a price it decides on no matter what. If it does not have or is short a commodity it will demand concessions on price. Look to lumber for an example of the former and to hydro power for an example of the latter.