As expected.
Canada to drop many counter-tariffs in olive branch to Trump
Prime Minister Mark Carney indicated the move is meant to prepare the ground for the review of the US-Canada-Mexico free trade agreement.
The only country that could realistically reciprocate is China.
Fair point, I missed Canada. However realistically, only China could hold up.
For Canada it looks like US 25%, Canada responds 25%, US 35%, Canada crickets.
Regarding the Canadian PM, - Under Canada’s Conflict of Interest Act, Carney disclosed holdings in 567 entities, of which only three are Canadian: ... The rest are largely U.S.-headquartered firms, making up about 91 % of his portfolio
He's also very much a globalist, so whether he was waving the Canadian or globalist flag is a query.
This for me is the point.
From afar it looks like the USA is on the slide.
Debt is rising faster than GDP and neither Party has had a plan to arrest the slide.
The options at the last election were more of the same(Democrats), or try something different.
Congress has shown it is incapable of meaningfully decreasing spending so the only option is to grow their way out.
Whether this path will work or not is to be seen(there are headwinds aplenty), but at least it is an attempt get out of the rut they are in.
I really think it is the USA's last roll of the dice.
only once?Wouldn't be surprised if he doesn't back flip once again.
The International Energy Agency says global oil markets face a record glut next year. Analysts are starting to talk of $US40 unless the world economy rebounds soon.It is Europe that is becoming the new arsenal of democracy, though few yet realise it.
They've removed a lot of US products from their shelves; Australian wine has seen a significant increase in uptake from them lately.As expected.
Canada to drop many counter-tariffs in olive branch to Trump
Prime Minister Mark Carney indicated the move is meant to prepare the ground for the review of the US-Canada-Mexico free trade agreement.www.afr.com
That's drawing a long bow, pinning plant closures on Aluminium tariffs that were put in place only 3 months before this article.What happened to magna?
Coca-Cola isn’t in financial trouble. Sales are up. Pricing strategies are working. Even Costco is switching over to Coke products in its food courts. But that’s part of what makes this moment harder to digest: the layoffs aren’t a response to collapsing revenue. They’re about efficiency. Cutting complexity. Doing more with less.
Automation plays a role, as always. So do tariffs—particularly on aluminum, which has pushed up the cost of cans. These aren’t short-term fluctuations, either. The underlying message from Coke is clear: the structure of the business is changing, and facilities that don’t fit the model are being phased out, even if they’ve been running for decades.
Coca-Cola Shuts Down 5 Factories Nationwide
Coca-Cola is closing five production and distribution sites across the U.S., a move that will leave nearly 900 workers without jobs and mark one of the company’s largest waves of domestic layoffs in recent memory. The closures span California, Florida, and Massachusetts, impacting everything...www.yahoo.com
They've removed a lot of US products from their shelves;
Everything but olive branches it would seem.
The World is changing, and The Trumpet's America is starting to find out also.That's drawing a long bow, pinning plant closures on Aluminium tariffs that were put in place only 3 months before this article.
Just looking at the larger 2 closures, Florida Dunedin plant was scheduled to close 31/5/24 and American Canyon closure first mention 2022.
All part of an ongoing restructure and in motion well before tariffs.
The aluminium tariffs started in 2018, but this is what happens when you cause instability in markets. The second lot was meant to start in March. Companies don't want to get caught with their pants down and move before they do come in.That's drawing a long bow, pinning plant closures on Aluminium tariffs that were put in place only 3 months before this article.
Just looking at the larger 2 closures, Florida Dunedin plant was scheduled to close 31/5/24 and American Canyon closure first mention 2022.
All part of an ongoing restructure and in motion well before tariffs.
also aluminum production involves significant energy costs/usage ( to add to any other rising costs )The aluminium tariffs started in 2018, but this is what happens when you cause instability in markets. The second lot was meant to start in March. Companies don't want to get caught with their pants down and move before they do come in.
California and Massachusetts are both relatively high energy cost states so that may also have had some influence.The underlying message from Coke is clear: the structure of the business is changing, and facilities that don’t fit the model are being phased out, even if they’ve been running for decades.
See my previous posts about how big decisions like factory closures (or building more) aren't made without the company being damn sure of what the future is going to bring.the structure of the business is changing
They're also very often made long before they're publicly announced.big decisions like factory closures (or building more) aren't made without the company being damn sure of what the future is going to bring.
It may well be an interesting article, but we will never find out as its paywalled.An interesting article, that suggests options, rather than just tarrifs, like getting China yo build production facilities in the U.S.
I used a VPN and read it without subscribing, but only one of read.It may well be an interesting article, but we will never find out as its paywalled.
I refuse to subscribe to another website to read it.
If its that interesting, do a cut and paste.
Mick
Oh yeah. Not unique to factories in the slightest either.Workers often work it out simply by observing what's going on.
Yes the whole of Australia comes to mind, NDIS, stopping gas and oil exploration, nickel mining closed, coal mining closed and live livestock export on the hook.Oh yeah. Not unique to factories in the slightest either.
Entire cities or even states (or even countries) come to mind.
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