RE:RE:Trump may not tariff Canadian oil I don't see Trump putting a tariff on Canadian oil and gas. What I do see is him instead pressuring Saudis to increase production and using government agencies to manipulate the price lower. Trump is going to do everything he can to reduce the price of energy to stimulate the US economy and enrich the US. Meanwhile Trudeau will continue to inflict maximum damage to the Canadian economy before escaping to his island retreat in Jamaica.
Canadians and oil companies will suffer as WTI sinks back to $50. By the time the election rolls around next year, I predict $1 US will cost $1.60+ Canadian. It's going to be a complete repeat of what we went through 10 years ago. The next 11 months of castreau in Ottawa is going to be absolutely brutal. Hold Canadian funds at your peril.
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,