Trade tariffs

There’s such a thing as cutting off your nose to spite your face, and the tariff war between Canada and the US is starting to look like a prime example. On Monday, Ontario Premier Doug Ford announced a 25 percent surcharge on electricity exports to the US, affecting an estimated 1.5 million households and businesses in New York, Michigan, and Minnesota. Trump responded with all-caps outrage, raising the March 12 tariff on steel and aluminum imports from Canada from 25 to 50 percent — a move that would be devastating for Ontario’s auto sector. How, the President asked, could Canada stoop so low as to use electricity — a resource that impacts the daily lives of innocent people — as a bargaining chip and a threat?

President Trump said that steel tariffs would be announced Monday — and that reciprocal tariffs against, among others, the European Union, were coming early this week. Yet questions remain whether these tariffs will go into effect, or if their announcement is being used as a bartering chip, as with other tariff threats last week.The threat of tariffs reemerged after Trump met with Japanese prime minister Shigeru Ishiba last week to discuss Japanese investment in US Steel. This 25 percent tariff on imported steel and aluminum appears to be an attempt to protect US and Japanese shared interests. This tariff is set to be placed on all nations equally and is not a bargaining tool, unlike those with which Trump threatened Canada and Mexico last week.

When Anthony Scaramucci announced that he was writing a book about his time with Donald Trump, the joke was that it should be entitled ‘Ten Days That Shook the World’. This, he says, does him an injustice because he managed 11 days as White House communications director before being fired — after a lava flow of stories that seemed extraordinary even by Trumpian standards. But he remained loyal to the President, and has been speaking in his defence ever since. This book promises to reveal one of the deepest mysteries in American politics: how Trump’s mind works. ‘I’m almost done with the manuscript,’ he says, fresh from a meeting with his publishers in New York. ‘Obviously, my short stint in the White House won’t be a major drama.