Trump Tariffs Ignore What is Known About Economics
President Donald Trump ignores economic common sense with his tariff strategy, writes Peter Watson. The US international tariff strategy is in direct contradiction on what is known and accepted about economics. The Father of Economics, Adam Smith, stated that “specialization is one of the most important causes of economic growth.” That quote came from www.study.com. […]
Trump’s Tariffs Might Backfire on the US Economy
President Trump’s tariffs could be costly to his country, writes Peter Watson. In simple terms a tariff is nothing more than a tax that the United States charges on goods imported to their country. For example, if an Ontario wine producer exported their product to the US it would be sold like any other product […]
Why did President Donald Trump start a trade war with Canada and other countries?
Peter Watson answers the million-dollar question about tariffs. Why has our neighbour started a trade war with Canada? The answer is simple: Money. The U.S. financial position is a mess. In round numbers, the U.S. spends $7 trillion per year, and revenues are only $5 trillion. The challenge for the U.S. is how to reduce […]
Bank of Canada Warns There Might Be Tough Times Ahead
The economic and personal challenges we face with a US trade war is real, writes Peter Watson. Recently the Bank of Canada Governor Tiff Macklem spoke about the significant dangers to the Canadian economy if we have a trade war with the US. There could be tough times ahead. The Canadian economy would weaken, inflation […]
How “the true North strong and free” will fend off an economic bully
Is Canada facing an economic bully? Peter Watson weighs in on the hot debate involving President Trump and his vision for Canada to be a 51st state. The country that shares our border is making repeated financially devastating gestures towards us. This has ignited a sudden rush of Canadian national pride. But that’s just the […]
Trump’s Trade War Will Hurt Canadians
President Trump’s trade war against Canada could pose as a major financial risk, writes Peter Watson. Our former friendly ally to the south has attacked our financial stability. This is a fast-changing situation, but what is known is Trump wants to exert financial pain on Canadians by changing how trade between us operates. We cannot […]
Trump Tariff Risk to Canadians
The Trump announcement of Canadian tariffs is a risk to consider, writes Peter Watson. President elect Donald Trump shocked Canadians by announcing Canadian goods exported to the US would be subject to a 25% tariff. This was his way of getting everybody’s attention and highlighting things he wants Canada to do to avoid the tariff. […]
Will the US election results trigger financial pain?
Will the Trump presidential victory could prove costly for Canadians? Peter Watson weighs in on this fundamental question. President Trump has regained the White House. The two main US election issues focused on immigration and the economy. Will this hurt Canada financially? During the campaign, Trump suggested at deporting millions of illegal aliens that poured […]