To Tariff Or Not To Tariff

Although China now has a 10% tariff on all goods, a reprieve has been granted on the impending Canada/Mexico tariffs, until March 4th. But blood is in the water and Trump just could not resist imposing 25% tariffs on steel and aluminum for all countries not just Canada and Mexico. However, as I write this, that is now on hold until March 12th and negotiations continue. Needless to say, the uncertainty has affected the economy and companies are starting to lay people off in anticipation. Automotive manufacturers on both sides of the border predict a severe downturn in production and sales of cars and trucks due to the tariffs and an opportunity for foreign companies to increase their market share.

On another note, I saw a "Support Trump 2024" bumper sticker on a truck here in Alberta...so we cannot be too smug.