Markets don’t like uncertainty, and we have uncertainty in spades and not just economically… and not just tariffs.
I am not a huge fan of tariffs, but tariffs have been around forever… Before President Trump began using them, they were and always have been, a part of the global trade fabric.
Tariffs are a tax on the consumers of the tariffed product in their purest form.
I have a friend that was the largest supplier of golf pencils in the US for many years and his stories about Chinese tariffs go back a long time.
Does Canada really charge 270% on milk?
Within the quota, the tariff is 7.5%. Over-quota milk faces a 241% tariff. Other over-quota rates include blended dairy powder at 270%. Duties rise to as high as 314% for other products, according to data from the World Trade Organization.
As a negotiating tool, we shall see how this plays out. Have you read “The art of the deal”? I’m not sure I would want to negotiate against President Trump.
A question for you: When you read an article that doesn’t refer to “President” Trump, but only as “Trump”, do you think there might be a negative bias with the writer and the content of the article?
Asking for a friend…
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