Shifting policy is creating a global order for trade. Changing global trade policies may have a wide impact for Canada and investors. MoneyTalk’s Anthony Okolie discusses with Kevin Hebner, Global Investment Strategist, TD Epoch.
President Trump’s announcement of 25 percent tariffs on cars and parts sent shock waves through the global auto industry. Canada said it would respond with tariffs of its own.
The president and Canada’s new prime minister, Mark Carney, spoke for the first time on Friday and promised to begin negotiations on trade.
A discussion of the origins of tariffs in the US as well as the formation of the World Trade Organization (WTO) and the use of free trade agreements (FTAs).
This is because dairy supply in Canada is controlled through milk quotas, with commercial farms required to purchase quotas in order to be in business. Quota sales are negotiated in terms of daily kilograms of butterfat produced rather than litres of milk and can cost upward of $30,000 per cow, or around $3m for a 100-head herd.
A new poll shows Americans are less likely to see Canada and the U.S. as close allies than they were two years ago.
The new levies on cars and light trucks will take effect on April 3, the day after Trump plans to announce reciprocal tariffs aimed at the countries responsible for the bulk of the U.S. trade deficit.
U.S. relations force us to confront how friendship as a bond is fragile, conditional and always on the brink of rupture