Trade Wars & Deals

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NDPP

Stephen Harper Expected To Meet Trump's Top Economic Adviser in Washington Amid Trade Tensions

http://www.cbc.ca/news/politics/harper-travel-washington-larry-kudlow-1....

"Former prime minister Stephen Harper is poised to meet with two top Trump administration officials in Washington against a backdrop of fractious talk over tariffs, CBC News has confirmed. Harper is expected to travel to Washington on Monday, July 2, and has scheduled meetings with Larry Kudlow - the director of the National Economic Council and Trump's go-to economic adviser - and John Bolton, the president's national security adviser..."

Agent or provocateur?

progressive17 progressive17's picture

Kudlow will be a pushover. Bolton will not.

Michael Moriarity Michael Moriarity's picture

The interesting question for me is, what will be Harper's agenda? I suspect he is going to coordinate with the Republicans on ways to defeat the Libs and elect the Cons in 2019.

Pondering

We may have another recession but Harley Davidson is only the beginning. The entire world is targeting Trump states. They may still support Trump now but once they start losing their jobs and losing medical insurance they will turn on him. 

Alternately Congress will overrule him as they have the power to pass trade agreements. They are going to want to protect industries in their constituencies. 

While Trump policies will do more damage to the Canadian economy than to the American economy it doesn't mean the impact on the American economy will be negligible. Harley Davidson moving some production to Europe is not something that will be easily reversed in the future. Not getting Canadian steel is hurting American companies and making housing more expensive. 

Because he is attacking everyone simultaneously everyone is looking to each other for salvation. No one has called the US the leader of the free world since Trump was elected. That isn't just going to come back when he goes away. America has lost the trust of the free world. Everyone is looking to reduce their dependence on the American market.  CETA and TPP just got a big boost. 

NDPP

Anyone who thinks CETA or TPP  good for Canada doesn't understand the true nature of these corporate rights agreements. As for Harper, or Trudeau or Freeland for that matter,  the fact Canadians have become accustomed to high level capitulation to powerful corporate agendas with treasonous behaviour on the part of their leaders and ex leaders doesn't change the fact of its perpetration. The level of ignorance or wilful blindness to these matters is profound hence the victimization by these official predators, sellout brokers and collaborators will only increase. Switching governments from Con coke to Liberal pepsi to NDP canada dry does not address this problem as elite interests can be pursued and realized  through any of them.

NDPP

BBC: Are We Heading For A Trade War? (and podcast)

https://www.bbc.co.uk/programmes/w3cswqtf

"The world's two biggest economies are on the brink of a costly standoff. The US has announced tariffs of 25% on a swathe of Chinese goods, starting July 6th. China has vowed to respond in kind. China's Commerce minister said, 'we shall fight to the end.'

President Trump is bullish, threatening further tariffs and tweeting: 'trade wars are good, and easy to win.' But the WTO has warned that a trade war would have a 'severe' impact on the global economy. We look at the forces driving the conflict and how each side might back down."

progressive17 progressive17's picture

Who cares? I am broke now, and I will be broke in a trade war. Why should I give a fuck? There is just no incentive to do anything any more. I can bust my ass and get insomnia for peanuts in a high stress job with idiot supervisors 1/3 my age, or I can sit at home and do nothing and get my sleep.

Why would I start up a business? Municipal taxes on a storefront in Montreal are $8000 a month. Every time I would invest in something, I only get 85.01 cents on the dollar of value because of GST/TVQ. Yeah, I might be able to get it back 4 months later, but that is not when I need it.

I think there may be a good cultural IDGAF Canada movement to do. And IDGAF Quebec, especially. Just a general strike on everything. Buy as little as possible. Move to a smaller place. Give up driving and flying. I stopped eating meat a while back. I am feeling great, and my food bill has gone down.

If I buy less, other people will have less work to do, and then they can join IDGAF Canada as well. IDGAF about corporate profits. They can rip someone else off. IDGAF about paying for 200 bureaucrats who will decide where one tree will be planted. Or $9,000 bicycles where $300 would do. If you get municipal taxes on 20 new condos, that is $8,000 a month, which will pay for one new bureaucrat who can decide where 0.5% of a tree should be planted. Or of course you can always hire more police and security guards. I noticed at the Montreal Jazz festival they had 4 people at each hotdog stand, where in Toronto one will do. Still no reason to move to IDGAF Toronto. And 4 security guards on each entrance telling people what to do. If they had no fences, and let people walk where they wanted to without official harassment, they would not have to hire any security guards. IDGAF about police, who use people like me as target practice, as we 'fit the description'.

IDGAF about business. IDGAF about government. IDGAF about work.

Maybe I can shake some people up a bit, and make them face reality. Bust through that fatcat Canadian complacency which always takes the moral high ground, when they are wearing no clothes. Fuck bourgeois civility! It is designed to paralyze us.

josh

On Sunday, Canada’s $16.6-billion worth of retaliatory tariffs on dozens of U.S. products are set to kick in — the country’s answer to the crushing steel and aluminum tariffs imposed by the Trump administration.

https://ipolitics.ca/2018/06/29/from-ketchup-to-toilet-paper-canada-launching-retaliatory-tariff-broadside/

progressive17 progressive17's picture

Canada must always shoot itself in the foot in the interests of national pride. The only ones who will pay for the Canadian tariffs will be Canadians. 

josh

Maybe Canada should just dissolve as a political state and ask for admission to the U.S.

progressive17 progressive17's picture

Sometimes sullen passive resistance is more effective than a high horse which is trying to compete with mini-guns mounted on Apache helicopters.

Canadians are very good at passive aggression. It is what we do to a T.

Not understanding economics at all will make people respond in certain ways. If Canada just said IDGAF about tariffs, the Canadian market would flood with goods, making the prices go down. Then, all of these foreign suppliers would be cursed with Canadian currency, which they would have to spend in Canada. Having lower producer prices in turn, Canadian producers could profitably sell at low prices.

However any idea which might give Canada an advantage over the US is completely unacceptable, right, josh?

iyraste1313

As Mr. Putin said already two years ago, the sanctions were the best thing that happened to Russia since the fall of the Soviet Union. It forced the new Russia to reorganize her agricultural sector, as well as to rebuilding her defunct industrial arsenal and become a scientific vanguard – all of which has happened since 2000 under the leadership of President Putin. For the last three years, Russia has been the world’s largest wheat exporter and has one of the world’s most modern industrial parks – and cutting edge scientific learning and development institutions.......

the trade wars and tariffs are important moves towards a revolutionary green socialist Canada...waiting further collapse of the global financial system...when people no longer can survive with our present system of elite controlled governments and markets, only then will they look for alternatives...but who will offer it?

Sean in Ottawa

progressive17 wrote:

You didn't even bother to read my post, josh. You would rather make a knee-jerk reaction. This is why the left is losing all of the political arguments and all of the elections. They don't listen, and they don't read, and they don't comprehend. 

I stated quite clearly higher income taxes for rich people can go with low corporate taxes. But you would not read that. You would only read what you want to read, and label it what you want to label it. A system which works well in Scandinavia would work well for Canada. 

You can label me Conservative 17. How about I label you Someone Who Cannot Read 17?

It is also obvious that you cannot pull back on taxing corporations and tax rich only because tax is by geographical jurisdiction. Corporation do not only sell in the same jurisdiction in which their shareholders are taxed. The rich people behind many corporations in Canada are not subject to Canadian tax laws. Slashing corporate taxes allows for huge amounts of money to be made in Canada and taxed elsewhere -- if at all. It is a ridiculous and regressive idea that has been proven not to work.

But you are the one arguing about comprehension in one thread and against facts and logic in another and trolling different directions in a few more threads.

progressive17 progressive17's picture

I am willing to entertain any idea which will punish the US for what they are doing. Sometimes, you have to be counterintuitive. The thing is, josh, you are in the US. So how do we know you want to see Canada succeed? How do we know you are not some kind of American agent provocateur?

Pondering

Sean in Ottawa wrote:
But you are the one arguing about comprehension in one thread and against facts and logic in another and trolling different directions in a few more threads.

Yeah that. 

progressive17 progressive17's picture

If I were logical, I would be consistent, wouldn't I? If I am illogical, I can be logical and illogical, at any time, and at any place. It's just rhetoric, as you should well know. Eventually you call me a name, and I win, without personally attacking anyone myself. Some of them keep calling me names after that, and keep losing like the losing losers that they are!

If someone answers a statement with a question which has nothing to do with the statement, how could anyone resist? This is a situation which was just asking for it. Then, I show approximately infinite compassion by suggesting ways that such a disgraceful display is not repeated again. I was doing a public service. I am only doing all of this for the greater good. I only want what's best for you.

Pondering

P17, he's just letting you know he sees through you. So do others they just don't all post. Some of your posts are reasonable so I have responded to those. Many are mocking and suggest you think you are clever. If "winning" to you is getting people to call you names that is pretty much the definition of a troll. 

NDPP

Trudeau Calls Trump 2 Days Before Canadian Tariffs Take Effect To Say Canada 'Had No Choice' But To Act

http://www.cbc.ca/news/politics/tariff-list-freeland-1.4727886

"Freeland vows to 'not backdown' as Ottawa reveals $2B in aid, new tariff targets..."

progressive17 progressive17's picture

Pondering wrote:

P17, he's just letting you know he sees through you. So do others they just don't all post. Some of your posts are reasonable so I have responded to those. Many are mocking and suggest you think you are clever. If "winning" to you is getting people to call you names that is pretty much the definition of a troll. 

If they did not call me names, they would not lose. That is their choice, and not mine. Because of complacency, the left is going to lose everything. So I want to shove some red hot pokers up that, Russian-style. So, they can continue to be complacent. Show the left is just empty words and no action. Show the left is less than useless for anything. 

When the Conservatives win everything, it will not be my fault. But it will be yours. Because you were complacent, and I was not. As I said, it is going to be ugly and disorienting at first, kind of like a vaccination, if you still think those kinds of things are good. If you can't stand my gentle prodding now, you are going to be literally atomized in the election.

It is only for the greater good. You must understand that.

Pondering

progressive17 wrote:

Pondering wrote:

P17, he's just letting you know he sees through you. So do others they just don't all post. Some of your posts are reasonable so I have responded to those. Many are mocking and suggest you think you are clever. If "winning" to you is getting people to call you names that is pretty much the definition of a troll. 

If they did not call me names, they would not lose. That is their choice, and not mine. Because of complacency, the left is going to lose everything. So I want to shove some red hot pokers up that, Russian-style. So, they can continue to be complacent. Show the left is just empty words and no action. Show the left is less than useless for anything. 

When the Conservatives win everything, it will not be my fault. But it will be yours. Because you were complacent, and I was not. As I said, it is going to be ugly and disorienting at first, kind of like a vaccination, if you still think those kinds of things are good. If you can't stand my gentle prodding now, you are going to be literally atomized in the election.

It is only for the greater good. You must understand that.

If anyone here is complacent it's you. 

progressive17 progressive17's picture

You can do better than that, Pondering! Pathetic.

NDPP

Free Trade vs Protectionism: Weapons of Mass Distraction

https://www.nakedcapitalism.com/2017/02/free-trade-vs-protectionism-weap...

"The struggle between free trade and protectionism is over which kind of capitalism will prevail. It is a struggle chiefly between capitalists. Struggles between advocates of free trade vs protectionism always were first and foremost struggles between industries who stood to gain more from one than the other..."

NDPP

Stephen Harper Spotted Leaving the White House's West Wing (and vid)

https://www.cbc.ca/news/politics/harper-white-house-west-wing-1.4731144

"We've been very nice to Canada for many years and they've taken advantage of that, particularly advantage of our farmers,' White House Press Secretary Sarah Sanders said on Monday..."

iyraste1313

The struggle between free trade and protectionism is over which kind of capitalism will prevail......

...Not necessarily! A movement for protectionism in Canada could be from the left, from decentralist and autonomous movements, building on local self reliance and sustainable use of our resources...the direction is wide open in Canada, as there does not presently exist a soveriegntist and autonomy political movement...watch Mexico!

NDPP

Stop Trying To 'Play Nice' With Trump, Mexican ex-Congressman Tells Canada

http://www.cbc.ca/news/politics/trump-trade-gomez-baruah-1.4732736

"Canada needs to understand that Canada is living in a new world where the friendship that bound it to its southern neighbour no longer is currency with the current administration in Washington.

We cannot be allies if we are not friends. And this is not the way to treat friends..."

NDPP

China: The US Has Started 'The Biggest Trade War' in History (and vid)

https://money.cnn.com/2018/07/06/news/economy/us-china-trade-war-tariffs...

"China on Friday accused the US of starting 'the biggest trade war in economic history', as the two sides imposed steep new tariffs on tens of billions of each other's exports. The big question is how far the hostilities between Washington and Beijing will go..."

NDPP

Trump's Trade Wars 'Absurd, Dangerous, Stupid': Former OMB Director

https://www.youtube.com/watch?v=zQo7XV4Z55w

"Trump doesn't know what he's doing..."

iyraste1313

. The big question is how far the hostilities between Washington and Beijing will go..."

The bigger question is if the inflationary aspect of the trade wars, globally...will spurt inflation, as the QE and Central Bank interest rate stimuli programs, globally are market forced to termination?

What with historic global government and corporate debt ratios and accelerating!.......Bubbles will burst, corporations will fail, as interest rates are forced to continue climbing...end times for the global capitalist system!

Misfit Misfit's picture

Sweden's Corporate Tax Rate

 

https://tradingeconomics.com/sweden/corporate-tax-rate

Their corporate tax rate is 22%. They dropped it down to that level from 28% percent about 5 years ago.

personal income tax is 61%

sales tax is 25%

Misfit Misfit's picture

Norway's Corporate Tax Rate

https://ieconomics.com/norway-corporate-tax-rate

Currently at 24%

2019 will be 26%

Misfit Misfit's picture

Don Orchard is a Liberal now.

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