“Prime Minister Mark Carney said Canada will impose “carefully calibrated and targeted counter tariffs” on the United States in response to President Donald Trump’s “Liberation Day” tariffs.
Carney said Canada will counter with 25 percent tariffs on all vehicles imported from the United States that are not compliant with the United States-Mexico-Canada Agreement and on the non-Canadian content of USMCA-compliant vehicles from the United States.
But Carney said that unlike Trump’s tariffs, Canada’s countermeasures will not affect auto parts “because we know the benefits of our integrated production system.” All other previously announced Canadian countermeasures to Trump’s previous threats will remain, Carney said.
Carney said Trump’s global reciprocal tariffs have ended 80 years of American global economic leadership that started after World War II.”
“Although the United States has the power to seriously disrupt economic life in other countries, the book argues, the consequences don’t always serve American interests. Sanctions hurt the prosperity and political standing of Iran’s pro-American middle class the most. They also make the government more paranoid and remove important incentives to play nice. Everyone seems worse off.
The U.S. has tried to wash its hands of the policy’s consequences for ordinary Iranians, blaming their poverty on domestic “corruption and economic mismanagement” rather than on sanctions. But the data are clear. The Iranian economy was booming from 1988, the end of the country’s war with Iraq, to 2011, the beginning of former President Barack Obama’s intensified sanctions campaign.
Obama’s innovation was secondary sanctions. As the flow of direct American-Iranian trade shrunk, the U.S. Treasury’s Office of Foreign Assets Control punished companies in other countries that dealt with Iran. The Iranian economy became more or less radioactive, as any bank in the world that handled Iranian money and any shipping company that handled Iranian oil risked the wrath of the U.S. government.
Then Obama made a deal, lifting the sanctions in 2015 in exchange for restrictions on Iran’s nuclear program. Trade resumed and foreign investment flowed back in—until Trump reimposed sanctions in 2018. (Despite Trump’s claims to the contrary, former President Joe Biden continued to enforce the same sanctions.) Iran has since come closer to building a nuclear bomb, and it has had more confrontations with the U.S. military.”
The F-22 could have been far more capable, but the U.S., thinking threats to its air superiority were over, canceled the upgrades to save money. Now, U.S. air superiority is threatened by China.
“For the first time in more than 80 years, the U.S. has denied Mexico’s request for water from the Colorado River, escalating tensions over a water-sharing agreement between the two nations.
The State Department says it denied the request because Mexico hasn’t complied with the 1944 treaty that established the water-sharing system. That agreement requires Mexico to send 1.75 million acre-feet of water from the Rio Grande to the U.S. every five years. In turn, the U.S. must send 1.5 million acre-feet of water to Mexico from the Colorado River each year.
By the end of 2024, Mexico had delivered only a quarter of what it owed for the current five-year period, which ends in October. Mexico has been struggling with severe droughts for several years. In the first quarter of 2024, the country’s agricultural production fell by 6.1 percent, according to a report from the Bank of Mexico. Activity in the north-central regions, which includes the border states of Chihuahua, Coahuila, and Nuevo León, fell by 3.3 percent. The country has sought emergency water deliveries to alleviate the strain on its water systems.”
“The “Buy Canadian” movement is sending new ripples of concern through the executive offices of U.S.-based consumer companies that banked on selling their products on Canadian retail shelves.”
“Canada’s traditional relationship with the United States is over, Prime Minister Mark Carney said Thursday in response to President Donald Trump’s potentially crippling auto tariffs.”
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” “The old relationship we had with the United States, based on deepening integration of our economies and tight security and military cooperation, is over,” Carney said on Parliament Hill after breaking from the federal campaign trail on Wednesday night in the face of Trump’s latest threats.
“We must fundamentally reimagine our economy. We will need to ensure that Canada can succeed in a drastically different world.”
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“Ford said he also spoke to Carney and they agreed Canada would follow through on its full tariff retaliation, if necessary. Ottawa has said it would be ready to respond with up to C$155 billion in retaliatory tariffs on U.S. products.”
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“Mexico, Canada and South Korea have duty-free access to the U.S. auto market under the terms of free trade agreements that Trump renegotiated during his first term in office.”
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“The United States imported $214 billion worth of passenger cars in 2024, according to U.S. Commerce Department data. Trump said the U.S. would start collecting the new duties on cars and light trucks on April 3”
“a French academic was refused entry onto U.S. soil over comments he had expressed against policies enacted by U.S. President Donald Trump.
France’s Higher Education Minister Philippe Baptiste said that “he had learned with concern that a French academic who was going to a conference in Houston was denied entry before being deported” back to Europe, according to a ministry statement seen by POLITICO.
“This measure was apparently taken by the American authorities because the researcher’s phone contained conversations with colleagues and friends in which he expressed a personal opinion on the Trump administration’s research policy,” he said.”