On March 3, the #GDPNow model nowcast of real GDP growth in Q1 2025 is -2.8% : https:// bit.ly/32EYojR . #ATLFedResearch Download our EconomyNow app or go to our website for the latest GDPNow nowcast: https:// bit.ly/2TPeYLT .
Trump is supposed to put into effect tariffs on Canada and Mexico on Tues March 4th.
I have a feeling he won;t do it, but rather call them off. (Possibly claiming he decided not to put on tariffs because he'll claim they gave in to his demands!).
Which they won't-- but he can claim victory and claim he saved us from tarriffs!
He did it, so now the consequences will begin. Here are some things I posted on another article.
Trump tariffs on Canada: Fentanyl crossing the border from Canada is less than 1% of that drug finding its way into the USA, and presently less than ever. Maybe doing something to curb the demand instead of the supply would be a little more productive. Canada has also deployed beefed up border guards, closed some crossing posts, and for the first time BlackHawk helicopters are patrolling the border. Where are the lines of illegal immigrants crossing the border into the USA coming from? The Arctic Circle? Canada's immigration control of those entering Canada is pretty damned secure - what other nation does Canada have a border with than the USA? So Trump is nothing but a fucking asshole for continuing with his threat of hitting Canada with the same tariffs as Mexico.
If it were not for the fact that the US has not been able to feed itself the crude oil it needs, Canada would have been the nation with the deficit.
Canada has now unjustly, unnecessarily, unfairly and stupidly been harmed by Trump in the name of America and a lot of Americans, even some NT members support it. Now I really hope it bites back good and hard. IMO Canada should buy its wintertime fruit and veggies from Mexico, Cental and South America, sell its wood to China and have China build a west coast port as it did for Peru for shipping oil and gas and from now on Canadians should buy Products of Canada (i.e. not just Made in Canada with American content) wherever possible, and for sure China can provide cheaper to cover the shipping cost whatever Canada needs that was purchased from America previously. Snowbirds can go to the Islands and Mexico. Ford, having just won the Ontario election, can now turn off the lights of some northern States as he threatened. Sure, retaliation will increase the pain for Canada but Canada has wrongly been made to suffer so it's time for Canada to stand up and be a man and show it's got the balls to not be a whimpering Zelenskyy apologizer, and shoot back. I'm cheering my home nation on to cause pain to those who deliberately harm it.
As for Trump's belief that Canada's auto industry is harmful to America, the flow back and forth of auto parts has been beneficial for BOTH nations, just ask the CEOs of the American auto industry. Trump is wrong on all counts and now he is going to make Americans pay for his ignorance and bullying.
What Trump has done is going to hurt even me - it will devalue the Canadian dollar which will reduce the conversion rate of my Canada pension here.
Do you even know what that forecast means?
It's all Biden's fault
Wow...we have agreement
This is sarcasm. No apologies to those that didn't get that right away
Q1 2025 is from Oct 1 to Dec 31.
Good job Biden....but we critical thinkers already knew that.
This "Trump did this" try was a fail.
2/3 of that time period is after Trump won the election.
A 3 pct drop in GDP would amount to a $900 billion reduction in Federal spending. Why would cutting the deficit in half be a bad thing?
Its possible none of this will happen.
Trump is supposed to put into effect tariffs on Canada and Mexico on Tues March 4th.
I have a feeling he won;t do it, but rather call them off. (Possibly claiming he decided not to put on tariffs because he'll claim they gave in to his demands!).
Which they won't-- but he can claim victory and claim he saved us from tarriffs!
He did it, so now the consequences will begin. Here are some things I posted on another article.
Trump tariffs on Canada: Fentanyl crossing the border from Canada is less than 1% of that drug finding its way into the USA, and presently less than ever. Maybe doing something to curb the demand instead of the supply would be a little more productive. Canada has also deployed beefed up border guards, closed some crossing posts, and for the first time BlackHawk helicopters are patrolling the border. Where are the lines of illegal immigrants crossing the border into the USA coming from? The Arctic Circle? Canada's immigration control of those entering Canada is pretty damned secure - what other nation does Canada have a border with than the USA? So Trump is nothing but a fucking asshole for continuing with his threat of hitting Canada with the same tariffs as Mexico.
If it were not for the fact that the US has not been able to feed itself the crude oil it needs, Canada would have been the nation with the deficit.
Canada has now unjustly, unnecessarily, unfairly and stupidly been harmed by Trump in the name of America and a lot of Americans, even some NT members support it. Now I really hope it bites back good and hard. IMO Canada should buy its wintertime fruit and veggies from Mexico, Cental and South America, sell its wood to China and have China build a west coast port as it did for Peru for shipping oil and gas and from now on Canadians should buy Products of Canada (i.e. not just Made in Canada with American content) wherever possible, and for sure China can provide cheaper to cover the shipping cost whatever Canada needs that was purchased from America previously. Snowbirds can go to the Islands and Mexico. Ford, having just won the Ontario election, can now turn off the lights of some northern States as he threatened. Sure, retaliation will increase the pain for Canada but Canada has wrongly been made to suffer so it's time for Canada to stand up and be a man and show it's got the balls to not be a whimpering Zelenskyy apologizer, and shoot back. I'm cheering my home nation on to cause pain to those who deliberately harm it.
As for Trump's belief that Canada's auto industry is harmful to America, the flow back and forth of auto parts has been beneficial for BOTH nations, just ask the CEOs of the American auto industry. Trump is wrong on all counts and now he is going to make Americans pay for his ignorance and bullying.
What Trump has done is going to hurt even me - it will devalue the Canadian dollar which will reduce the conversion rate of my Canada pension here.