American Eagle At Work

TARRIFFS 2025!

North America is all in a tizzy with the recent unexpected tarriffs announcement by the white house.
What effect could this have on Canadian exploration and mining companies? This could be serious or it could be ignored since metals are such a necessary part of our economy and national security issues.

-Notwithstanding the fact that Canada actually burned down the white house back in 1812, (at least once??) it is no less uncomfortable to have to deal with this issue yet again.

Once of the reasons is that a legal trade agreement was signed by leaders Trudeau, Trump and then Mexican president Enrique Pena Nieto. This agreement which goes by the anacronym USMCA was signed in 2018 after what was referred to as ‘bitter’ trade talks.

At any rate this agreement is now being ignored by Trump in what Liberal party candidate for prime minister Mark Carney is calling a ‘clear violation of our trade agreements’ and ‘require the most serious trade and economic responses in our history.’

Some are saying this is a negotiating tactic Trump is using and the tarriffs may not even make it into practice although the executive bill has been signed already. At issue is the transport of fentanyl across borders which is killing hundreds of thousands of Americans, a truly awful situation.

The reality of available numbers show that Canada is responsible for less than 1% of the fentanyl entering the United States, and in fact the flow of illegal guns and drugs from the United States into Canada is likely a much much larger problem for Canada with many fentanyl deaths here also.

At any rate Trump has grabbed the headlines but Canada is not backing down citing the implementation of their own powerful set of tarriffs aimed at the U.S.

Ongoing talk is happening on this Feb 03, 2025 and should illuminate how this is going to pan out moving forward.
Apparently 3 pm today (Feb 03/2025) is when Trudeau and Trump will be speaking again.
Talks and a deal have apparently been worked out with Mexico to delay the tarriffs for one month with Mexico providing additional security at their collective border.

Stay tuned!

 

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