Welcome to Tariff Day.

[errolanderson]

Tariffs are not the magic pill as advertised by the administration. The U.S. recession is deepening quickly joining the global slowdown . . . . U.S. February payrolls (just released) rise by just 77,000. Trade estimate was 141,000, Last month was 183,000. This is called a recession.

The Magnificent 7 shares have plunged 15% or $2.5 trillion since Dec peak with the majority of losses within the past two (2) weeks. This wipeout is reported the size of the entire German stock market.

Trump measures his success by health of the stock market and cryptos. Trump's Kryptonite crack is now the collapse in cryptocurrencies and heightened risk of a stock market crash. Nothing can shorten the life of tariffs faster. This fallout may also be the ending of a bad tariff story . . . for the history books. We'll know quite soon.

Trump granting 1-month tariff exception to the Big 3 automakers (WSJ). Nice guy gesture or the heat is on?

WTI crude oil plunging swooning toward $65 per barrel today on sinking freight demand and consumer confidence in-a-freefall. Average American is debt-ridden and broke.

Since Monday; Ethereum plunged 18%, Bitcoin down 12%, King Kong Nvidia down 10%, Tesla down 7%, NASDAQ dn 3%, S&P and Dow down 2.5%.

And oat futures rocket as Canada is main supplier to U.S. Enjoy your Cheerios, amoungest other things. Flax bids surging . . . . There will be a re-alignment in global trade patterns.

Tariffs simply don't have a long shelf-life (IMO). What comes around, goes around . . . .

errolanderson,substack.com

[wheatking16]

Trump capitulates

[ajl]

Hardly capitulating. There are issues to be worked out in the auto sector which will be in the next 30 days. By this fall, canuckistanians will be too poor to buy cars so might as well make them all south of the border. Global economic recession, which started before the tariffs, is hardly news today. The phosphorus going into my cart and yours this spring came from the US. Looked for an oat bid this morning as I have a couple loads to sell and nothing exciting but waiting still as I think that $5 is in the cards right now especially with a $.65 loon.

[furrowtickler]

Interesting article
[url]https://torontosun.com/opinion/columnists/charlebois-the-cost-of-retaliation-canadas-trade-war-misstep[/url]

[agstar77]

The U.S. tried to tariff Canada in 1890. It did not end well for the GOP or McKinley. It devastated U.S
farmers. The Republicans were thrown out. Canada survived and developed trade with Britain. History repeats.

[blackpowder]

Agreed. But the legacy of dropping the US for Britain in grains lingers today and not in a good way.

[newguy]

Even if Trump took all tarrifs off tomorrow damage is still on going in tourism and alcohol sales .Kentucky and Tennesse not happy with Canada taking their product off the shelves .Their product is nonessential and can see a long term drop in sales in Canada.Trump told the farmers to have fun selling their grain domestically.Farm bankrupsies surged in Trumps last 4 year term.It is about to surge again. Stock market down as Warren Buffet warned.So I have asked this long ago.Who exactly will this trade war help in the end? Only country I can think of is Russia.

[SASKFARMER]

One strong north America with usa Canada and Mexico. That's a great goal.

We don't want what Europe has just ask the farmers their.

We don't want massive invasion like Europe.

[farmaholic]

Let's see what the MAGA-lomaniac (megalomaniac) has in store for the world today.
He must be on a spectrum, undiagnosed and not medicated!

Sounds like the autosector was given a reprieve. I bet western Canada industry will have to bear it's burden, except for energy.

What drives me nuts is how NORTH AMERICA has sold its manufacturing soul to the devil China. Now we're addicted to cheaply priced cheaply made disposible junk. Thats the business that needs to come back to Canada and the USA.

[AlbertaFarmer5]

What drives me nuts is how NORTH AMERICA has sold its manufacturing soul to the devil China. Now we're addicted to cheaply priced cheaply made disposible junk. Thats the business that needs to come back to Canada and the USA.

That is the supposed goal of breaking the system.
Losing the war in the Ukraine because the US couldn't produce any of the weapons without China was a big wake up call.

This trend was going to happen no matter who was in power. Just would have been somewhat more diplomatic under anyone else.

Biden didn't reverse any of the first round of tariffs. Just made them legal.