{"id":37457,"date":"2018-09-07T07:17:27","date_gmt":"2018-09-07T12:17:27","guid":{"rendered":"http:\/\/olduvai.ca\/?p=37457"},"modified":"2018-09-07T07:17:27","modified_gmt":"2018-09-07T12:17:27","slug":"canada-the-petroyuan-thesis-and-balance-of-trade-issues-in-pictures","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=37457","title":{"rendered":"Canada, the Petroyuan Thesis, and Balance of Trade Issues in Pictures"},"content":{"rendered":"
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Canada, the Petroyuan Thesis, and Balance of Trade Issues in Pictures<\/a><\/h3>\n<\/div>\n
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As NAFTA negotiations linger on, let’s step back and see what Trump’s threats are all about.<\/p>\n<\/section>\n<\/div>\n<\/header>\n
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The US has had a goods surplus with Canada every month since 1985.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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Nonetheless, Trump is incredibly annoyed at Canada and threatens to put tariffs on Canadian cars.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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Well, Trump better make that US cars because Canada does not have any Canadian car brands.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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The US would lose far more from Canadian tariffs on cars than vice-versa. But both sides would lose in such a war.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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Tariffs are a tax on consumers. No one wins from them.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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For now, Canada says it will Stick to its Guns at NAFTA Talks Despite Trump Pressure<\/a>.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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Canadian Prime Minister Justin Trudeau indicated on Tuesday that Canada would not compromise on key demands at high-level talks this week with the United States to update the North American Free Trade Agreement.<\/p>\n

\u201cNo NAFTA is better than a bad NAFTA deal for Canadians and that\u2019s what we are going to stay with.\u201d<\/p>\n

U.S. President Donald Trump – who signed a NAFTA side deal with Mexico last week – has threatened to impose auto tariffs on Canada or exclude it from the three-nation pact unless an agreement can be struck quickly.<\/p>\n

Trudeau made clear, however, he would insist on keeping the so-called Chapter 19 dispute-resolution mechanism that Washington wants to scrap.<\/p>\n

\u201cWe will not sign a deal that is bad for Canadians, and quiet frankly, not having a Chapter 19 to ensure the rules are followed would be bad for Canadians,\u201d he said.<\/p>\n

He also said existing protections that ban U.S. media firms from buying Canadian cultural industries such as television stations and newspapers must be maintained.<\/p><\/blockquote>\n<\/div>\n<\/div>\n<\/div>\n

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Legitimate Gripes and Plain Silliness<\/strong><\/p>\n<\/div>\n<\/div>\n<\/div>\n

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Trump has a legitimate gripe about dairy products, but the US sugar, corn, an ethanol lobbies are just as bad if indeed not far worse.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n

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Canada, the Petroyuan Thesis, and Balance of Trade Issues in Pictures As NAFTA negotiations linger on, let’s step back and see what Trump’s threats are all about. The US has had a goods surplus with Canada every month since 1985. Nonetheless, Trump is incredibly annoyed at Canada and threatens to put tariffs on Canadian cars. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[8380,103,14648,13390,6466,827],"class_list":["post-37457","post","type-post","status-publish","format-standard","hentry","category-economics","tag-balance-of-trade","tag-canada","tag-michael-shedlock","tag-mishtalk","tag-petroyuan","tag-united-states"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/37457","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=37457"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/37457\/revisions"}],"predecessor-version":[{"id":37458,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/37457\/revisions\/37458"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=37457"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=37457"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=37457"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}