Politics Tariffs/Trade Wars

[BeNder]

I searched and did not find a specific topic on this. A place to post news and discuss tariffs.
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It's heating up and not just with the USA.

China hits back at Canada with fresh agriculture tariffs

BEIJING (Reuters) -China announced tariffs on over $2.6 billion worth of Canadian agricultural and food products on Saturday, retaliating against levies Ottawa introduced in October and opening a new front in a trade war largely driven by U.S. President Donald Trump's tariff threats. The...

ca.finance.yahoo.com

 

[primer]

Canadian's do think they are an exempt special group and ignores WTO after loosing judgements ;

Dairy industries in New Zealand, Australia and the United States seek action in new trade dispute with Canada to force it to live up to trade treaty obligations

The Canadian Government is being accused of “delinquent” behaviour in a second trade row with dairy exporting nations.

The charge alleges “brazen” violation of Canada’s obligations under the World Trade Organisation (WTO).

The accusation comes from dairy industry bodies in three countries: New Zealand, Australia and the United States.
They have written to their respective Governments seeking support in a battle against Canadian state subsidies for dairy exports to third markets.

The row follows an earlier one over Canada’s blockage of dairy goods from New Zealand and other exporting nations in violation of the Comprehensive and Progressive Trans Pacific Partnership (CPTPP). That battle is currently stalemated, despite a series of judgements against Canada and in favour of New Zealand.

This dispute is different, because it involves Canadian exports, not imports, but it has an overlap, in that it stems from Canada’s comprehensive state regulation of its dairy industry.
That regulation, which imposes production volumes and price guarantees, effectively squeezed out New Zealand sales. But it also leaves a surplus of dairy goods available for cut-price exports to third countries.

“Canada is brazenly maintaining a policy approach that is at odds with its international trade obligations,” the letter says.

 

[thelistener]

Morgan Stanley cuts US growth forecast for 2025 on tariff concerns

http://reuters.com/markets/us/morgan-stanley-cuts-us-growth-forecast-2025-tariff-concerns-2025-03-07/

 

[Hiryu2.0]

https://finance.yahoo.com/news/trump-downplays-business-concerns-uncertainty-155403386.html