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Canada suspends many tariffs
Posted by jerry wigutow on May 21st, 2025
CANADA SUSPENDS TARIFFS
(Bloomberg) -- Canada has effectively suspended almost all of its retaliatory tariffs on US products, tamping down inflation risks and improving its growth.“ It’s a very strategic approach from a new prime minister to really say, ‘We’re not going to have a retaliation,’” Tony Stillo, Oxford’s director of Canada economics, said in an interview. “It’s a strategic play on the government’s part to not damage the Canadian economy outlook, according to Oxford Economics.
I hope this reduction to zero on most products includes sleeping bags.
More countries should do the same.
quotes
INTERESTING COMMENTS PERTAINING TO POLITICIANS The oldest one I could find is from Plato. “Those who are too smart to engage in politics punished by being governed by those who are dumber.” Even back then we see things haven’t changed. Carl Sandberg “A politician should have three hats. One for throwing in [...]
DO YOU KNOW?
DID YOU KNOW? I did some research this morning to educate myself on the tariffs [taxes, import duties] an importer pays to the US government when a shipment arrives of what was ordered. The tariff [taxes, import duties] I found is 2% to 20% worldwide with China being 20% prior to the announcement of the new tariffs [...]
ARTICLE REPRINTED FROM BLOOMBERG BUSINESS WEEK
US Border Towns Are Being Ravaged by Canada’s Furious Boycott Economically dependent on their northern neighbor, business owners in Washington state are laying off employees and shutting their doors. By Thomas Seal May 5, 2025 at 12:00 PM UTC Save Translate Listen 6:54 Canada’s boycott of all things American has caused the US measurable pain. Airline bookings from Canada to its southern neighbor have dipped [...]
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Cold Weather Parkas
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