Podcasts about usmca

Donald Trump met with Prime Minister Mark Carney in Washington — and called the Canada-U.S. trade relationship a “natural conflict.” From cars and steel to the future of the USMCA, we break down what was said, what wasn't, and what it means for Canada going forward. CBC's Washington correspondent Katie Simpson joins us to explain.

John Oakley tackles two storylines shaping Canada right now. First, Jocelyn Bamford—VP at Automatic Coating and founder of the Coalition of Concerned Manufacturers and Businesses of Canada—breaks down how U.S. tariffs and Ottawa/Queen's Park responses could hit Canadian manufacturing, from autos to steel, and what policy levers (energy costs, red tape, pipelines) might actually keep high-skill jobs here. Then Tristin Hopper, National Post columnist and author of “Don't Be Canada,” explains the latest polling: Mark Carney's fading honeymoon, a Conservative upswing, seniors consolidating as the Liberal base, a disappearing gender gap, and the NDP's ongoing slump. What we cover: How prospective U.S. tariffs could ripple through Windsor, Oshawa, Guelph, Brampton & beyond Auto sector realities under USMCA vs. headline panic—and whether political theatre helps or hurts Ontario's “hardball” signals (LCBO booze, critical minerals, energy) and investor confidence The cost stack for manufacturers: electricity, compliance, and “death by a thousand cuts” Poll shifts since the election: approval slides, vote-intent realignments, and where swing voters went Guests: Jocelyn Bamford (VP, Automatic Coating; Founder, Coalition of Concerned Manufacturers and Businesses of Canada); Tristin Hopper (Columnist, National Post; Author, “Don't Be Canada”). Learn more about your ad choices. Visit megaphone.fm/adchoices

Several critical developments are pointing toward a rising cost of uncertainty across the logistics landscape. Analysts are trimming expectations for the back half of the year, with Morgan Stanley significantly cutting earnings per share estimates for most truckload and less-than-truckload carriers due to high shipper uncertainty and continuing industrial contraction.. A major regulatory shift occurred when the U.S. Court of Appeals overturned a key Federal Maritime Commission rule regarding detention and demurrage fees, a ruling analyzed in Demurrage dilemma: court overturns FMC's trucking rule. Specifically, the court found the FMC rule that categorically blocked demurrage charges against motor carriers to be "arbitrary and capricious," potentially opening the door for drayage carriers, who often lack leverage, to be billed for these terminal fees once again. Equipment costs are set to rise after President Trump announced a new 25% tariff on imported medium- and heavy-duty trucks starting November 1st, as reported in Trump to impose 25% tariff on trucks starting Nov. 1. Since the U.S. imports the majority of these trucks from Mexico, the tariff could significantly raise the total cost of ownership for U.S. fleets, potentially slowing down equipment replacement cycles, even if vehicles nominally fall under the USMCA agreement. North of the border, Canada Post is facing a severe labor crisis linked to its deep financial struggles, having incurred losses of $2.7 billion since 2018, leading to a crucial update in Canada Post reduces contract offer to striking workers, warns of job cuts. The postal operator rescinded a $500 to $1,000 signing bonus and is proposing to eliminate lifetime job security for urban employees while aiming to downsize the workforce through attrition, buyouts, and early retirement to facilitate needed modernization. Learn more about your ad choices. Visit megaphone.fm/adchoices

HEADLINE: Latin American Political Volatility and US Engagement GUEST NAME: Evan Ellis SUMMARY: John Batchelor speaks with Evan Ellis about political instability across Latin America. In Argentina, peso volatility reflects investor doubts about President Milei's survival following election losses and corruption scandals. Despite strong economic fundamentals (poverty reduced to 32%, 3% growth), the US Treasury provided unprecedented support with a $20 billion swap agreement. In Venezuela, Maduro's illegitimate regime lost overwhelmingly to Edmundo Gonzalez in July 2024. The US deployed eight ships and considers limited strikes against the "Cartel de los Soles" leadership. Brazil's Lula might offer Maduro asylum to resolve the crisis while opposing US pressure. Colombia faces chaos under President Petro, whose failed "total peace" policies increased violence. After Petro urged US soldiers to disobey orders, America pulled his diplomatic visa, damaging security cooperation. Mexico's President Sheinbaum enjoys 78% popularity and achieved a 20% homicide reduction. The critical priority remains USMCA renegotiation, preventing Chinese companies from using Mexico as a US market pass-through. 1930 BOLIVAR IN CARACAS

HEADLINE: Latin American Political Volatility and US Engagement GUEST NAME: Evan Ellis SUMMARY: John Batchelor speaks with Evan Ellis about political instability across Latin America. In Argentina, peso volatility reflects investor doubts about President Milei's survival following election losses and corruption scandals. Despite strong economic fundamentals (poverty reduced to 32%, 3% growth), the US Treasury provided unprecedented support with a $20 billion swap agreement. In Venezuela, Maduro's illegitimate regime lost overwhelmingly to Edmundo Gonzalez in July 2024. The US deployed eight ships and considers limited strikes against the "Cartel de los Soles" leadership. Brazil's Lula might offer Maduro asylum to resolve the crisis while opposing US pressure. Colombia faces chaos under President Petro, whose failed "total peace" policies increased violence. After Petro urged US soldiers to disobey orders, America pulled his diplomatic visa, damaging security cooperation. Mexico's President Sheinbaum enjoys 78% popularity and achieved a 20% homicide reduction. The critical priority remains USMCA renegotiation, preventing Chinese companies from using Mexico as a US market pass-through. 1913 ARGENTINA

HEADLINE: Latin American Political Volatility and US Engagement GUEST NAME: Evan Ellis SUMMARY: John Batchelor speaks with Evan Ellis about political instability across Latin America. In Argentina, peso volatility reflects investor doubts about President Milei's survival following election losses and corruption scandals. Despite strong economic fundamentals (poverty reduced to 32%, 3% growth), the US Treasury provided unprecedented support with a $20 billion swap agreement. In Venezuela, Maduro's illegitimate regime lost overwhelmingly to Edmundo Gonzalez in July 2024. The US deployed eight ships and considers limited strikes against the "Cartel de los Soles" leadership. Brazil's Lula might offer Maduro asylum to resolve the crisis while opposing US pressure. Colombia faces chaos under President Petro, whose failed "total peace" policies increased violence. After Petro urged US soldiers to disobey orders, America pulled his diplomatic visa, damaging security cooperation. Mexico's President Sheinbaum enjoys 78% popularity and achieved a 20% homicide reduction. The critical priority remains USMCA renegotiation, preventing Chinese companies from using Mexico as a US market pass-through. 1907 BOGOTA

HEADLINE: Latin American Political Volatility and US Engagement GUEST NAME: Evan Ellis SUMMARY: John Batchelor speaks with Evan Ellis about political instability across Latin America. In Argentina, peso volatility reflects investor doubts about President Milei's survival following election losses and corruption scandals. Despite strong economic fundamentals (poverty reduced to 32%, 3% growth), the US Treasury provided unprecedented support with a $20 billion swap agreement. In Venezuela, Maduro's illegitimate regime lost overwhelmingly to Edmundo Gonzalez in July 2024. The US deployed eight ships and considers limited strikes against the "Cartel de los Soles" leadership. Brazil's Lula might offer Maduro asylum to resolve the crisis while opposing US pressure. Colombia faces chaos under President Petro, whose failed "total peace" policies increased violence. After Petro urged US soldiers to disobey orders, America pulled his diplomatic visa, damaging security cooperation. Mexico's President Sheinbaum enjoys 78% popularity and achieved a 20% homicide reduction. The critical priority remains USMCA renegotiation, preventing Chinese companies from using Mexico as a US market pass-through. 1913 MEXICO CITY

Host: Annik Sobing Guest: Manuel Muñiz – Global Trade Expert Published: September 29, 2025 Length: ~37 minutes Presented by: Global Training Center Mexico Aligns With the U.S. on Customs Reform In this Roundup episode, host Annik Sobing welcomes Manuel Muñiz, an expert in global trade, to unpack President Claudia Sheinbaum's ambitious 2026 proposals for Mexican customs reform. These reforms, introduced as part of the 2026 economic package, aim to reshape tariff codes, increase compliance obligations, and strengthen Mexico's alignment with the United States. Together, Annik and Manuel discuss what these sweeping changes mean for importers, customs brokers, and international businesses navigating U.S.-Mexico trade. From increased penalties to tariff hikes on over 1,300 products, this conversation offers a timely look at what companies should expect as Mexico seeks to tighten compliance and revenue collection. What You'll Learn in This Episode: Why Mexico is reforming its customs and tariff laws in 2026. How customs brokers' responsibilities and liabilities will expand. What businesses importing from China should prepare for under the new tariff regime. The potential impact of higher penalties for misclassification and noncompliance. How these reforms tie into the upcoming 2026 USMCA renegotiation. Key Takeaways: Mexico is aligning customs and tariff policies more closely with the U.S. ahead of USMCA renegotiations. Customs brokers will face greater accountability for ensuring accurate declarations. Importers could see penalties of up to 300% of the goods' value for violations. Roughly 1,371 tariff codes will be affected, with duties rising between 10% and 50%. Businesses need to prepare now with compliance programs, technology, and proactive supply chain strategies. Resources & Mentions: Mexican Customs Authority – SAT Global Training Center USMCA Agreement Credits Host: Annik Sobing Guest: Manuel Muñiz Producer: Lalo Solorzano Subscribe & Follow New Roundup episodes every week. Presented by: Global Training Center — providing education, consulting, workshops, and compliance resources for trade professionals. Connect with us: Simply Trade Podcast on LinkedIn Global Training Center on LinkedIn YouTube Spotify Apple Podcasts Trade Geeks Community Don't forget to rate, review, and share with your fellow trade geeks! Want to Be on the Show or Have Topic Suggestions? Reach us at SimplyTrade@GlobalTrainingCenter.com or DM us on Twitter/X @SimplyTradePod

DTN Ag Policy Editor Chris Clayton has had his hands full for months, tracking a wide range of stories from Washington that promise to impact farmers and ranchers in myriad ways. For one, the U.S. Department of Agriculture is still in the midst of a proposed reorganization, which is leaving local FSA offices short on staff — and farmers are starting to raise their concerns.Our conversation today starts with the latest news from USDA Secretary Brooke Rollins, including recent updates on a potential farmer aid package. We'll also discuss some recent farmer actions — particularly based in Arkansas — during which hundreds of growers demanded more responsiveness from the federal government.Then we'll get into the latest trade news and what prospects might be for a resumption of trade with China or a renegotiation of the USMCA. We'll get an update from Congress, and hear what impacts might be incurred if Congress fails to pass a budget by the end of September and the government is forced to shut down.Finally, we'll hear the latest about the Make America Healthy Again Movement, or MAHA, report, get an update on farm labor, and hear some unexpected news about cover crops.

After months of informal back-and-forth talks about Donald Trump's tariffs, a new chapter in the U.S.-Canada trade war has begun. Last week, the U.S. officially started the review process of USMCA, the current North American free trade deal.Mark Rendell covers economic issues for The Globe and explains what the U.S. wants and what Prime Minister Mark Carney's goals are in this crucial trade negotiation.Questions? Comments? Ideas? Email us at thedecibel@globeandmail.com Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The U.S., Canada and Mexico have begun consultations ahead of next year's review of the USMCA trade agreement, and the Trump Administration is drawing up plans to use tariff revenue to fund a program to support U.S. farmers.

Uber Freight is betting big on cross-border trade, deepening its imprint in Mexico by integrating customs, brokerage, and transportation services to help shippers navigate the complex trade environment, especially as U.S.-Mexico trade has surged 21% this year. The company uses a digitized method to provide visibility at the border, which historically has been referred to as the "black hole" in logistics, and helps customers avoid extra duties or delays due to shifting regulations like USMCA rules of origin. President Trump has voiced his approval for the proposed $85 billion merger between Union Pacific and Norfolk Southern, calling Union Pacific a "great railroad". If approved by the Surface Transportation Board (STB), this deal would create the nation's largest railroad, boasting 52,000 miles of track across 43 states. Volvo Trucks North America has also launched Load Finder, a new, free load board designed to help carriers reduce empty miles and deadhead operations. Developed in partnership with Canadian-based freight tech company Class8, the platform aggregates available loads from over 40 sources and integrates into the existing Volvo Connect system for customers. Learn more about your ad choices. Visit megaphone.fm/adchoices

This week's deep dive unpacks the relentless surge of nearshoring at the U.S.-Mexico border, where year-to-date trade has surpassed the $507 billion mark, cementing Mexico's place as the number one U.S. trade partner. We examine how logistics firms like Uber Freight are heavily integrating customs, brokerage, and transportation services to digitalize the “black hole” at the border and navigate the growing complexity of USMCA rules and new tariffs. We shift from land to air to analyze how the U.S. policy ending the de minimis exemption for small parcels from China is hammering global carriers. This single change trimmed FedEx's Q1 operating income by $150 million and created a projected $1 billion fiscal year headwind, forcing the company to cut its Trans-Pacific capacity by 25% and redeploy assets to the profitable Asia-to-Europe lane. Finally, we explore the domestic physical limits currently squeezing the supply chain, including the severe crisis on the Mississippi River where drought-driven low water levels are forcing capacity cuts and causing barge rates to jump nearly 50% . We also discuss the immediate pressure on the new Federal Highway Administration administrator, Sean McMaster, to prioritize the persistent lack of critically needed truck parking capacity across the country. Learn more about your ad choices. Visit megaphone.fm/adchoices

Uber Freight is betting big on cross-border trade, deepening its imprint in Mexico by integrating customs, brokerage, and transportation services to help shippers navigate the complex trade environment, especially as U.S.-Mexico trade has surged 21% this year. The company uses a digitized method to provide visibility at the border, which historically has been referred to as the "black hole" in logistics, and helps customers avoid extra duties or delays due to shifting regulations like USMCA rules of origin. President Trump has voiced his approval for the proposed $85 billion merger between Union Pacific and Norfolk Southern, calling Union Pacific a "great railroad". If approved by the Surface Transportation Board (STB), this deal would create the nation's largest railroad, boasting 52,000 miles of track across 43 states. Volvo Trucks North America has also launched Load Finder, a new, free load board designed to help carriers reduce empty miles and deadhead operations. Developed in partnership with Canadian-based freight tech company Class8, the platform aggregates available loads from over 40 sources and integrates into the existing Volvo Connect system for customers. Learn more about your ad choices. Visit megaphone.fm/adchoices

This week's deep dive unpacks the relentless surge of nearshoring at the U.S.-Mexico border, where year-to-date trade has surpassed the $507 billion mark, cementing Mexico's place as the number one U.S. trade partner. We examine how logistics firms like Uber Freight are heavily integrating customs, brokerage, and transportation services to digitalize the “black hole” at the border and navigate the growing complexity of USMCA rules and new tariffs. We shift from land to air to analyze how the U.S. policy ending the de minimis exemption for small parcels from China is hammering global carriers. This single change trimmed FedEx's Q1 operating income by $150 million and created a projected $1 billion fiscal year headwind, forcing the company to cut its Trans-Pacific capacity by 25% and redeploy assets to the profitable Asia-to-Europe lane. Finally, we explore the domestic physical limits currently squeezing the supply chain, including the severe crisis on the Mississippi River where drought-driven low water levels are forcing capacity cuts and causing barge rates to jump nearly 50% . We also discuss the immediate pressure on the new Federal Highway Administration administrator, Sean McMaster, to prioritize the persistent lack of critically needed truck parking capacity across the country. Learn more about your ad choices. Visit megaphone.fm/adchoices

Hosts: Lalo Solorzano & Andy Shiles Guests: Marcus Eeman (Director, Customs Systems & Process, Flexport) & Alex Nederlof (Sr. Director, Trade & Financial Services, Flexport) Published: September 18, 2025 Length: ~39 minutes Presented by: Global Training Center

Ostriches update,Antifa to be declared a terrorist organization,Uk cobbled together corpse of the uniparty in reform,USMCA is in review triggered, Canada not making progress in trade negotiations,Rates cut to 2.5%Checklist for going live:Name of stream changedIntro songGood Morning, Everyone! Today is date#Cpd #lpc, #ppc, #ndp, #canadianpolitics, #humor, #funny, #republican, #maga, #mcga,Sign Up for the Full ShowLocals (daily video)Sample Showshttps://canadapoli2.locals.com/ Spotify https://podcasters.spotify.com/pod/show/canadapoli/subscribePrivate Full podcast audio https://canadapoli.com/feed/canadapoliblue/Buy subscriptions here (daily video and audio podcast):https://canadapoli.cm/canadapoli-subscriptions/Youtubehttps://www.youtube.com/c/CanadaPoli/videosMe on Telegramhttps://t.me/realCanadaPoliMe on Rumblehttps://rumble.com/user/CanadaPoli Me on Odysseyhttps://odysee.com/@CanadaPoli:f Me on Bitchutehttps://www.bitchute.com/channel/l55JBxrgT3Hf/ Podcast RSShttps://anchor.fm/s/e57706d8/podcast/rss

Headlines on today's episode include:-Economists say pay attention to Brazil's competitive advantage-Weather a factor in early South American planting season-USMCA review process underway-Farm Hunts offer new deer management solution-Drought expands in the Midwest and Mississippi ValleySee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Details on Japan Agreement, additions to steel/aluminum and auto parts, comments on 301 exclusions; on USMCA review and NTE review. Listen for more on Two Minutes In Trade. 

Send us a textPete Hoekstra, the United States Ambassador to Canada, joined our Closer Look podcast last week for a wide-ranging discussion about trade, Charlie Kirk, Donald Trump's musings about a 51st state, and a whole lot more. In case you missed it, the full interview is HERE.Hoekstra defended the Trump Administration's global tariff push, saying it's a necessary step after some “not-so-bright decisions” that have contributed to America's ever-growing deficit.“It would have been negligent on the part of American leadership to not address the problems that we faced,” Hoekstra said on the podcast. “We had a long-term issue in terms of ensuring prosperity for the American people, a long-term issue with security and safety. And if the Canadians want to be mad about us addressing the internal issues that we had, they can do that.”Despite the negative impact of Trump's new tariffs, Hoekstra was adamant that Canada still has the “best trade deal of any country in the world right now with the United States of America.”“Everybody wants to blame everything on the tariffs,” he said. “The effective tariff rate of Canadian goods going into the U.S. — again, as outlined by your government, not the U.S. claiming something — is around 5.5 per cent. That's not a huge number. We had to do the stuff on steel, aluminum, copper and some of these types of things because the President wants our country to be secure, and we need the capability to produce those kinds of products in the United States.”Hoekstra was asked about Canadian travellers who are choosing not to visit the U.S.“I sometimes have a little bit of a hard time understanding this,” he said. “You have the best trade relationship of anybody in the world — the best trade tariff rate of anybody in the world — and in the coming days we're going to see that the process is going to evolve to reviewing the USMCA. Banning American alcohol? Does that help? ‘You know, we're not going to America.' Does that help? Hey, those are decisions for Canadians on an individual basis to make. We're doing everything we can to strengthen this relationship, to grow this relationship.”The full interview is HERE.Hosted by Village Media's Michael Friscolanti and Scott Sexsmith, and produced by Derek Turner, Closer Look is a new daily podcast that goes way beyond the headlines with insightful, in-depth conversations featuring our reporters and editors, leading experts, key stakeholders and big newsmakers.Fresh episodes drop every Monday to Friday at 7 p.m. right in your local news feed — and on the show's dedicated website: closerlookpodcast.ca. Of course, you can also find us wherever you get your favourite podcasts.Want to be the first to know when a new episode lands? Sign up for our free nightly newsletter, which delivers the latest Closer Look straight to your email inbox. You can also subscribe to our YouTube channel or follow us on X, Instagram,

In this episode, immigration attorney Lin Walker explains the latest USCIS guidance on TN visas under the USMCA agreement.These changes impact professionals seeking to work in the United States. Lin explores what it means for cross-border employment.In this episode we break down the new guidelines, offering practical advice for navigating the updated visa process.For more details on the USCIS Policy Manual click this link https://www.uscis.gov/policy-manual/volume-2-part-p

Host Philip Berman talks to Kim Glas, President and CEO of the National Council of Textile Organizations, about the impact of Trump's tariffs on US textile manufacturing.  Kim discusses the challenges posed by tariff unpredictability, including the effects on investment and supply chains, and the winners and losers in the industry.  She highlights issues in machinery sourcing, the effect of high tariff rates on synthetics, and the role of major trade agreements like USMCA and CAFTA. Kim also addresses reshoring opportunities, and the strategic need for policy certainty to strengthen domestic production.      

Joe's Premium Subscription: www.standardgrain.comGrain Markets and Other Stuff Links-Apple PodcastsSpotifyTikTokYouTubeFutures and options trading involves risk of loss and is not suitable for everyone.0:00 How Much Does This Suck?1:20 Fertilizer Prices and Tariffs6:23 US/China Meeting10:04 Export Sales12:18 Declining River Levels15:09 Drought and Yield Potential

Joe's Premium Subscription: www.standardgrain.comGrain Markets and Other Stuff Links-Apple PodcastsSpotifyTikTokYouTubeFutures and options trading involves risk of loss and is not suitable for everyone.0:00 More Farm Aid?5:05 More China Soybean News9:14 Vietnam Ethanol10:58 Mexico/China11:53 S&P Record High

BMO's transportation unit is a bellwether for credit and lending conditions in trucking. The bank's loan book dipped to $13.67 billion in Q3, the lowest since early 2023, and while write-offs are down, provisions for potential credit losses and gross impaired loans remain significantly higher than pre-downturn levels. Canada Post has significant labor issues, which led to its largest-ever pre-tax loss of US$294 million in Q2 2024 due to a 36.7% plummet in parcel revenue. This decline was largely driven by uncertainty from a prolonged labor dispute, pushing shippers to private carriers and highlighting the high cost of instability. On the innovation front, we cover the expanded integration between Motive and Fleetio in fleet management technology. This partnership centralizes fuel, maintenance, and telematics data for fleet operators, automating workflows and providing crucial visibility into costs that can comprise up to 75% of operating budgets. Freight rates have taken a considerable dive, with Asia-to-U.S. spot rates falling 60-70% since a July frontloading surge. This is attributed to increased vessel capacity, limitations within U.S. Customs' IT systems, and carriers actively shifting vessels to avoid new punitive port fees on Chinese-linked ships. Cross-border trade policy is changing, specifically the surging use of USMCA claims among Canadian and Mexican imports into the U.S.. This increase is prompted by new 50% tariffs on numerous products containing steel, aluminum, or copper, making compliance vital for managing costs despite administrative burdens and documentation requirements. Learn more about your ad choices. Visit megaphone.fm/adchoices

U.S. businesses are increasingly claiming USMCA exemptions as rising tariffs on steel, aluminum, and other goods push import costs higher. This has led to a sharp increase in USMCA compliance for goods from Canada, reaching 81% in June, and from Mexico, now at 77%. Massachusetts state troopers sentenced after involvement in a CDL fraud scheme. Calvin Butner received three months in jail and Perry Mendes one month, both for falsifying CDL test scores and giving passing grades to unqualified applicants. Three other individuals involved in the scheme are still awaiting their sentencing. Canada Post has also made headlines, reporting its largest-ever pre-tax loss of US$294 million in the second quarter due to a significant drop in parcel volumes. This decline, which has been steady since December, resulted from a prolonged contract dispute with mail carriers that pushed shippers to private carriers. Overall revenue for Canada Post was down 7.3%, with a 36.7% decrease in parcel revenue. Finally, be sure to tune into FreightWaves TV for WHAT THE TRUCK?!? today at noon, or catch a replay this evening on SiriusXM channel 146. You can also get tickets for upcoming events like the Crossborder Fleet Summit and the Future of Freight Festival in Chattanooga, Tennessee. Learn more about your ad choices. Visit megaphone.fm/adchoices

BMO's transportation unit is a bellwether for credit and lending conditions in trucking. The bank's loan book dipped to $13.67 billion in Q3, the lowest since early 2023, and while write-offs are down, provisions for potential credit losses and gross impaired loans remain significantly higher than pre-downturn levels. Canada Post has significant labor issues, which led to its largest-ever pre-tax loss of US$294 million in Q2 2024 due to a 36.7% plummet in parcel revenue. This decline was largely driven by uncertainty from a prolonged labor dispute, pushing shippers to private carriers and highlighting the high cost of instability. On the innovation front, we cover the expanded integration between Motive and Fleetio in fleet management technology. This partnership centralizes fuel, maintenance, and telematics data for fleet operators, automating workflows and providing crucial visibility into costs that can comprise up to 75% of operating budgets. Freight rates have taken a considerable dive, with Asia-to-U.S. spot rates falling 60-70% since a July frontloading surge. This is attributed to increased vessel capacity, limitations within U.S. Customs' IT systems, and carriers actively shifting vessels to avoid new punitive port fees on Chinese-linked ships. Cross-border trade policy is changing, specifically the surging use of USMCA claims among Canadian and Mexican imports into the U.S.. This increase is prompted by new 50% tariffs on numerous products containing steel, aluminum, or copper, making compliance vital for managing costs despite administrative burdens and documentation requirements. Learn more about your ad choices. Visit megaphone.fm/adchoices

U.S. businesses are increasingly claiming USMCA exemptions as rising tariffs on steel, aluminum, and other goods push import costs higher. This has led to a sharp increase in USMCA compliance for goods from Canada, reaching 81% in June, and from Mexico, now at 77%. Massachusetts state troopers sentenced after involvement in a CDL fraud scheme. Calvin Butner received three months in jail and Perry Mendes one month, both for falsifying CDL test scores and giving passing grades to unqualified applicants. Three other individuals involved in the scheme are still awaiting their sentencing. Canada Post has also made headlines, reporting its largest-ever pre-tax loss of US$294 million in the second quarter due to a significant drop in parcel volumes. This decline, which has been steady since December, resulted from a prolonged contract dispute with mail carriers that pushed shippers to private carriers. Overall revenue for Canada Post was down 7.3%, with a 36.7% decrease in parcel revenue. Finally, be sure to tune into FreightWaves TV for WHAT THE TRUCK?!? today at noon, or catch a replay this evening on SiriusXM channel 146. You can also get tickets for upcoming events like the Crossborder Fleet Summit and the Future of Freight Festival in Chattanooga, Tennessee. Learn more about your ad choices. Visit megaphone.fm/adchoices

Automotive in Flux This week on the Simply Trade Roundup, host Annik Sobing is joined by licensed customs broker and Master Customs Specialist Filipp Zaborenko to tackle the fast-changing world of automotive trade compliance. From shifting tariffs and forced labor enforcement to steel and aluminum duties and the evolving EV market, the conversation dives into how automakers and compliance professionals can keep pace with uncertainty while planning for the future. What You'll Learn in This Episode: Tariff Shifts – The new EU–US trade deal and what a 15% duty means for automakers Forced Labor Rules – Why due diligence never went away — and why enforcement is heating up Cost Planning Uncertainty – How long-term auto production faces tariff unpredictability Classification Challenges – Why misclassifying parts could cost millions under new rules EVs Under the Microscope – The love-hate relationship with electric vehicles and new classification hurdles Compliance Strategy – Staying proactive when trade feels more like reaction mode Key Takeaways: Tariff changes reshape auto supply chains but leave long-term planning murky. Forced labor enforcement remains a top priority for global automakers. Steel and aluminum tariffs add complexity to tariff classification and cost modeling. Correct classification directly impacts USMCA eligibility and tariff exposure. Compliance pros must embrace both vigilance and technology — including AI tools — to stay ahead. Resources & Mentions: Filipp Zaborenko's upcoming Automotive Classification Advanced Mini-Course (Sept 16–18) via Global Training Center Recent EU–US automotive tariff updates UFLPA and forced labor due diligence requirements CBP guidance on steel and aluminum tariffs Credits Host: Annik Sobing https://www.linkedin.com/in/annik-sobing-mba-b226251a2/ Producer: Lalo Solorzano https://www.linkedin.com/in/lalosolorzano/ Guest: Filipp Zaborenko Subscribe & Follow: New Roundup episodes every Monday. Presented by: Global Training Center — providing education, consulting, workshops, and compliance resources for trade professionals. Connect with us on LinkedIn, LinkedIn (GTC), YouTube, Spotify, or Apple Podcasts,join the Trade Geeks community, or email us at simplytrade@globaltrainingcenter.com. Don't forget to rate, review, and share with your fellow trade geeks! Want to Be on the Show or Have Topic Suggestions? Reach us at SimplyTrade@GlobalTrainingCenter.com or DM us on Twitter/X @SimplyTradePod

Watch The X22 Report On Video No videos found (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:17532056201798502,size:[0, 0],id:"ld-9437-3289"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs");pt> Click On Picture To See Larger PictureGermany's economy has taken a downturn, the people will soon learn that the green new scam has destroyed their country.Canada folds on tariffs, Trump holds all the cards. The Fed is trapped, Trump will fire Lisa Cook and have leverage, if the Fed lower rates Trump will be right, if the keep rates steady Trump is right they are destroying the economy. The [DS] projected their crimes on Trump, they set the precedents and now Trump is using everything they did to him and the people around him against them. Bolton raid is just the beginning. Nunes explains that the heads of each agency is working around the [DS] operators. These operators are trying to inject manipulated intelligence to throw Trump in a different direction. This is not work, big fail.   Economy Germany's Sharp Economic Downturn Sparks Urgent Calls for Regulatory Reform   Germany's economy is facing significant challenges, with bankruptcy filings reaching a 10-year high in July. District courts recorded 4,007 bankruptcies, marking a 19.2 percent increase from the previous year, according to the Federal Statistical Office. Unemployment has also risen sharply, approaching levels not seen in a decade. The number of unemployed stands at 2.98 million, up 170,000 from last year, with 125,000 layoffs announced since July 1, as reported by the Initiative Neue Soziale Marktwirtschaft. Source: thegatewaypundit.com European Postal Services Suspend Shipment of Packages to US over Tariffs  Multiple postal services around Europe announced Saturday that they are suspending the shipment of many packages to the United States amid a lack of clarity over new import duties. Postal services in Germany, Denmark, Sweden and Italy said they will stop shipping most merchandise to the U.S. effective immediately. France and Austria will follow Monday, and the United Kingdom Tuesday. Under a decree signed by President Donald Trump last month, international goods that were previously exempt from U.S. tariffs – those valued under $800 – will be subject to import duties from Aug. 29. Letters, books, gifts and small parcels worth less than $100 will continue to be exempt. A trade framework agreed by the U.S. and the European Union last month set a 15% tariff on the vast majority of products shipped from the EU. Many European postal services say they are pausing deliveries now because they cannot guarantee the goods will enter the U.S. before Aug. 29. They cite ambiguity about what kind of goods are covered by the new rules, and the lack of time to process their implications. Shipping by services such as DHL Express remains possible, it added   Source: breitbart.com https://twitter.com/RebelNewsOnline/status/1958928243794616770     Complete and utter capitulation by Canada. No digital services taxes. No countervailing duty tariffs. No reciprocity tariffs on Steel and Aluminum. No retaliatory tariffs (reciprocal/baseline). Meanwhile, the USA keeps 50% tariffs on steel and aluminum against Canada, and Canada only gets 25% tariffs against U.S. steel/aluminum.   Canada has pledged to continue gaslighting their citizens, while wasting time, effort and resources on a hope to retain the USMCA, while refusing to admit to themselves that President Trump intends to dissolve it. WATCH: (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:18510697282300316,size:[0, 0],id:"ld-8599-9832"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.

Canada's decision to drop most retaliatory tariffs on the U.S. may signal a new tack in trade negotiations, according to Marc Gilbert. Gilbert says the move shows the strength of USMCA and could be a template for other countries in their own trade talks with the U.S. He believes China is still the big prize, and while a deal may take time, it will likely end up in a better place than initially thought.======== Schwab Network ========Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about

AP's Lisa Dwyer reports that Canada will match US exemptions on certain tariffs.

- Oil to Drop Under $50/Barrel - Auto Components Hit with More Trump Tariffs - USMCA Compliance Soars for Auto Components  - California Considers Paying $7,500 EV Credit - Chinese Buick Electra L7 Bristles with Tech - Opel Concept Is Cool Hot Hatch - VinFast Kills Direct Sales, Goes Dealer Route  - China Media Disses 3-Row Model Y - Amazon Now Selling Used Cars

- Oil to Drop Under $50/Barrel - Auto Components Hit with More Trump Tariffs - USMCA Compliance Soars for Auto Components  - California Considers Paying $7,500 EV Credit - Chinese Buick Electra L7 Bristles with Tech - Opel Concept Is Cool Hot Hatch - VinFast Kills Direct Sales, Goes Dealer Route  - China Media Disses 3-Row Model Y - Amazon Now Selling Used Cars

Michael Schadler, President of the Washington Apple Commission, says there is plenty of market uncertainty out there right now, but no reason to panic.

Michael Schadler, President of the Washington Apple Commission, says there is plenty of market uncertainty out there right now, but no reason to panic.

In an age of Amazon, Starbucks and Google it may seem impossible for workers to win a union. This week on the Heartland Labor Forum, we'll talk with Olivia Geho, […] The post What the Boss Doesn't You To Know. . .and NAFTA-USMCA Renegotiation: Where Is Trade Justice? appeared first on KKFI.

In an age of Amazon, Starbucks and Google it may seem impossible for workers to win a union. This week on the Heartland Labor Forum, we'll talk with Olivia Geho, […] The post What the Boss Doesn’t You To Know. . .and NAFTA-USMCA Renegotiation: Where Is Trade Justice? appeared first on KKFI.

Transport Topics is the news leader in trucking and freight transportation.Today's briefing covers the English-language mandate for commercial truck drivers, product and financial news for Cummins, and clarity on the USMCA trade agreement. Learn more about your ad choices. Visit podcastchoices.com/adchoices

In this episode, Mariana speaks with Juan Carlos Baker, former USMCA negotiator and Director General for North America at the Ministry of the Economy, about the impact tariffs have had on Mexico and how they have served President's Trump goal of curbing the flow of fentanyl into the U.S. They also discuss why 83% of Mexican exports are currently being exempted from tariffs, the consequences of the U.S. signing agreements with Japan, Europe, South Korea before its largest trading partner, and the unintended (or intended) consequences for North American automobile manufacturers who are still subject to 25% tariffs. They also offer a factual description behind Chinese exports and investments in Mexico and on how Mexico has been in breach of USMCA.  

Shoot us a Text.Episode #1110: Today we cover Trump's sweeping auto tariffs, Tesla's not‑so‑autonomous “Robotaxi” rollout, and the rise of agentic checkout in online retail.Show Notes with links:President Trump's country-by-country auto tariff deadline has arrived, setting off a new round of trade negotiations and recalibrations for global automakers.Canadian tariffs rise to 35%, though most USMCA-compliant vehicles dodge the hike.Mexico earns a 90-day delay on new tariffs, holding at 25% on non-U.S. content.Japan and South Korea cut tariffs to 15% with total pledges of $900B to U.S. industryJapan is also willing to take American imports based on U.S. standards, meaning American OEMs don't need to make a different car.“You can take the car you make in Detroit, put it on a boat and send it,” said U.S. Commerce Secretary Howard Lutnick.Tesla's long-hyped “Robotaxi” expansion into the Bay Area looks more like a rebranded Uber than a self-driving revolution. The cars run under Tesla's app but still rely on humans behind the wheel.Each car has a “safety monitor” in the driver's seat, making it equivalent to an Uber driver using Tesla's supervised Full Self‑Driving system.The California DMV and Public Utilities Commission expressed concern after hearing Tesla employees discuss an imminent Robotaxi launch, even though the company has not applied for the required permits.Politico reported that Tesla's counsel reassured regulators, claiming the rollout was limited to employees, friends, family, and select members of the public.Tesla is now actively recruiting “vehicle operators” in nine additional U.S. cities to replicate the Bay Area service.“Agentic checkout” is the latest frontier for artificial intelligence. Payment giants, tech platforms, and retailers are all racing to build systems that let AI handle more of the shopping journey.Mastercard, Visa, Google, and PayPal are each rolling out agentic checkout platforms, designed to let AI act as a shopper's digital assistant.PayPal is upgrading its decades‑old systems to handle the heavier transaction loads expected from AI‑driven commerce.Experts say the winners will be payment providers and e‑commerce platforms that build the infrastructure for AI agents rather than compete with them.Michelle Gill, GM of small business and financial services at PayPal said that The general sense in the industry is that “rather than competing, these stakeholders increasingly collaborate to harness the potential of agentic AI.”Mastercard's Co‑President of Global Partnerships, Sherri Haymond, said retailers won't need to replace entire platforms: “I would encourage merchants to have an open mind, and to lean in and do the work to make their environment accessible in this Join Paul J Daly and Kyle Mountsier every morning for the Automotive State of the Union podcast as they connect the dots across car dealerships, retail trends, emerging tech like AI, and cultural shifts—bringing clarity, speed, and people-first insight to automotive leaders navigating a rapidly changing industry.Get the Daily Push Back email at https://www.asotu.com/ JOIN the conversation on LinkedIn at: https://www.linkedin.com/company/asotu/

In this episode of Five Questions, Five Answers, host Birgit Matthiesen welcomes AFS attorney James Kim to explore the current state of US tariffs and their impact on importers and various industries, with a special focus on the electric vehicle sector. The conversation highlights evolving trade policies, challenges faced by businesses in navigating tariffs, and the importance of compliance with trade agreements such as United States-Mexico-Canada Agreement (USMCA). Birgit and James emphasize the need for proactive strategies in supply chain management in order to adapt to the rapidly changing trade landscape. Takeaways - Indicating permanence. The current state of tariffs suggests they are here to stay. - Increasing cost pressures arise from rising tariffs and reduced tax credits. - Offering potential tariff savings. The USMCA requires strict compliance. - Ensuring flexibility in contracts is essential to handle tariff fluctuations. - Reducing dependency on high-risk countries involves diversifying supply chains.

AI adoption, dollar weakness and tax savings from the Big Beautiful Bill are some of the factors boosting our CIO and Chief U.S. Equity Strategist Mike Wilson's confidence in U.S. stocks.Read more insights from Morgan Stanley.----- Transcript -----Welcome to Thoughts on the Market. I'm Mike Wilson, Morgan Stanley's CIO and Chief U.S. Equity Strategist. Today on the podcast I will discuss what's driving my optimism on stocks. It's Tuesday, July 29th at 11:30am in New York. So, let's get after it. Over the past few weeks, I have been leaning more toward our bull case of 7200 for the S&P 500 by the middle of next year. This view is largely based on a more resilient earnings and cash flow backdrop than anticipated. The drivers are numerous and include positive operating leverage, AI adoption, dollar weakness, cash tax savings from the Big Beautiful Bill, and easy growth comparisons and pent-up demand for many sectors in the market. While many are still focused on tariffs as a headwind to growth, our analysis shows that tariff cost exposures for S&P 500 industry groups is fairly contained given the countries in scope and the exemptions that are still in place from the USMCA. Meanwhile, deals are being signed with our largest trading partners like Japan and Europe that appear favorable to the U.S. Due to the lack of pricing power, the main area of risk in the stock market from tariffs is consumer goods; and that's why we remain underweight that sector. However, the main tariff takeaway for investors is that the rate of change on policy uncertainty peaked in early April. This is the primary reason why earnings guidance bottomed in April as evidenced by the significant inflection higher in earnings revisions breadth—the key fundamental factor that we have been focused on. Of course, the near-term set up is not without risks. These include still high long-term interest rates, tariff-related inflation and potential margin pressure. As a result, a correction is possible during the seasonally weak third quarter, but pull-backs should be shallow and bought. In addition to the growth tailwinds already cited, it's worth pointing out that many companies also face very easy growth comparisons. I've had a long standing out of consensus view that the U.S. has been experiencing a rolling recession for the last three years. This fits with the fact that much of the soft economic data that has been hovering in recession territory for much of that period as well—things like purchasing manager indices, consumer confidence, and the private labor market. It also aligns with my long-standing view that government spending has helped to keep the headline economic growth statistics strong, while much of the private sector and many consumers have been crowded out by that heavy spending which has also kept the Fed too tight. Meanwhile, private sector wage growth has been in a steady decline over the last several years, and payroll growth across Tech, Financials and Business Services has been negative – until recently. Conversely, Government and Education/Health Services payroll growth has been much stronger over this time horizon. This type of wage growth and sluggish payroll growth in the private sector is typical of an early cycle backdrop. It's a key reason why operating leverage inflects in early cycle environments, and margins expand. Our earnings model is picking up on this underappreciated dynamic, and AI adoption is likely to accelerate this phenomenon. In short, this is looking more and more like an early cycle set up where leaner cost structures drive positive operating leverage after an extended period of wage growth consolidation. Bottom line, the capitulatory price action and earnings estimate cuts we saw in April of this year around Liberation Day represented the end of a rolling recession that began in 2022. Markets bottom on bad news and we are transitioning from that rolling earnings recession backdrop to a rolling recovery environment. The combination of positive earnings and cash flow drivers with the easy growth comparisons fostered by the rolling EPS recession and the high probability of the Fed re-starting the cutting cycle by the first quarter of next year should facilitate this transition. The upward inflection we're seeing in earnings revisions breadth confirms this process is well underway and suggests returns for the average stock are likely to be strong over the next 12-months. In short, buy any dips that may occur in the seasonally weak quarter of the year. Thanks for tuning in; I hope you found it informative and useful. Let us know what you think by leaving us a review. And if you find Thoughts on the Market worthwhile, tell a friend or colleague to try it out!

Watch The X22 Report On Video No videos found (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:17532056201798502,size:[0, 0],id:"ld-9437-3289"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs");pt> Click On Picture To See Larger Picture GM is starting to realize that manufacturing out of the US is not going to work, they are now making plans to bring back manufacturing into this country.Trump has cut 25% of the IRS more cuts are coming.Too Late is destroying the housing market.Fake info about Powell resigning, markets didn't flinch. Trump made deal with Japan. Trump is thinking about removing capital gains tax for houses. Trump and the patriots have put out the bait and Obama took it. They tried to spin the story that it was fake. Tulsi then dropped additional information that was declassified showing Obama orchestrated the entire Russian Collusion Hoax. Trump is now preparing the public, he is exposing the entire agenda to the people of the US. The people will see everything is connected and they accept arrests. [DS] players feeling pain every step of the way.   Economy GM Slides 7% After Beating Q2 Earnings Despite $1 Billion Tariff Hit, Warns of Steeper Impact Ahead General Motors reported second-quarter earnings that surpassed analyst expectations, even as the automaker absorbed a $1.1 billion hit from tariffs - but it also warned about a coming steeper impact from tariffs moving into the second half of the year. In her letter to shareholders, CEO Mary Barra emphasized GM's resilience, stating:   To strengthen its domestic manufacturing base and reduce import exposure, GM announced $4 billion in new U.S. factory investments in June. The plan will expand capacity by 300,000 units across key high-margin models — pickups, SUVs, and crossovers — at plants in Michigan, Kansas, and Tennessee. “This will help us satisfy unmet customer demand, greatly reduce our tariff exposure, and capture upside opportunities as we launch new models,” Barra wrote. Currently, GM imports about half the vehicles it sells in the U.S., primarily from Mexico and South Korea. In contrast, rival Ford produces about 80% of its U.S. vehicles domestically. Ford is expected to report second-quarter earnings next week. Meanwhile, Stellantis, which owns Jeep, said tariffs cost it €300 million in the first half of the year and warned that results in the second half of 2025 will be significantly affected. Shares in Stellantis and Ford both fell about 1% on Tuesday morning. Source: zerohedge.com https://twitter.com/ElectionWiz/status/1948028438495088828 (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:18510697282300316,size:[0, 0],id:"ld-8599-9832"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs");  https://twitter.com/Kalshi/status/1947726659366388036 https://twitter.com/KobeissiLetter/status/1947976587879534937 Canada Accepts They're Not Going to Get a Trade Deal Before 35% Tariffs Kick In   Trump is simply waiting for the USMCA timeline to trigger a renegotiation. President Donald Trump is ambivalent to the trade partnership with Canada. This moot-status reality is why there's no substantive engagement. ‘No deal' -until USMCA redo- is a win for President Trump. The United States-Mexico-Canada Agreement (USMCA) is set to expire on July 1, 2036, 16 years after its entry into force on July 1, 2020, unless all three countries agree to extend it for another 16-year term. A joint review is scheduled for July 1, 2026   in July 2026, during the scheduled joint review of the USMCA,

Stocks hold steady as tariff uncertainty continues. Our CIO and Chief U.S. Equity Strategist Mike Wilson explains how policy deferrals, earnings resilience and forward guidance are driving the market.Read more insights from Morgan Stanley.----- Transcript -----Welcome to Thoughts on the Market. I'm Mike Wilson, Morgan Stanley's CIO and Chief U.S. Equity Strategist. Today on the podcast I'll be discussing why stocks remain so resilient. It's Monday, July 14th at 11:30am in New York. So, let's get after it. Why has the equity market been resilient in the face of new tariff announcements? Well first, the import cost exposure for S&P 500 industries is more limited given the deferrals and exemptions still in place like the USMCA compliant imports from Mexico. Second, the higher tariff rates recently announced on several trading partners are generally not perceived to be the final rates as negotiations progress. I continue to believe these tariffs will ultimately end up looking like a 10 percent consumption tax on imports that generate significant revenue for the Treasury. And finally, many companies pre-stocked inventory before the tariffs were levied and so the higher priced goods have not yet flowed through the cost of goods sold. Furthermore, with the market's tariffs concerns having peaked in early April, the market is looking forward and focused on the data it can measure. On that score, the dramatic v-shaped rebound in earnings revisions breadth for the S&P 500 has been a fundamental tailwind that justifies the equity rally since April in the face of continued trade and macro uncertainty. This gauge is one of our favorites for predicting equity prices and it troughed at -25 percent in mid-April. It's now at +3 percent. The sectors with the most positive earnings revisions breadth relative to the S&P 500 are Financials, Industrials and Software — three sectors we continue to recommend due to this dynamic. The other more recent development helping to support equities is the passage of the One Big Beautiful Bill. While this Bill does not provide incremental fiscal spending to support the economy or lower the statutory tax rate, it does lower the cash earnings tax rates for companies that spend heavily on both R&D and Capital Goods.Our Global Tax Team believes we could see cash tax rates fall from 20 percent today back toward the 13 percent level that existed before some of these benefits from the Tax Cuts and Jobs Act that expired in 2022. This benefit is also likely to jump start what has been an anemic capital spending cycle for corporate America, which could drive both higher GDP and revenue growth for the companies that provide the type of equipment that falls under this category of spending. Meanwhile, the Foreign-Derived Intangible Income is a tax incentive that benefits U.S. companies earning income from foreign markets. It was designed to encourage companies to keep their intellectual property in the U.S. rather than moving it to countries with lower tax rates. This deduction was scheduled to decrease in 2026, which would have raised the effective tax rate by approximately 3 percent. That risk has been eliminated in the Big Beautiful Bill. Finally, the Digital Service Tax imposed on online companies that operate overseas may be reduced. Late last month, Canada announced that it would rescind its Digital Service Tax on the U.S. in anticipation of a mutually beneficial comprehensive trade arrangement with the U.S. This would be a major windfall for online companies and some see the potential for more countries, particularly in Europe, to follow Canada's lead as trade negotiations with the U.S. continue. Bottom line, while uncertainty around tariffs remains high, there are many other positive drivers for earnings growth over the next year that could more than offset any headwinds from these policies. This suggests the recent rally in stocks is justified and that investors may not be as complacent as some are fearing. Thanks for tuning in; I hope you found it informative and useful. Let us know what you think by leaving us a review. And if you find Thoughts on the Market worthwhile, tell a friend or colleague to try it out!

Watch The X22 Report On Video No videos found (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:17532056201798502,size:[0, 0],id:"ld-9437-3289"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs");pt> Click On Picture To See Larger PictureThe fake news/[DS] trying to push the flooding as climate related. Lee Zeldin is going to release the climate modification program information. Trump places tariffs on more countries and adds addition 35% to Canada. The US has a surplus of billion, first time since 2005. Trump is pushing Powell to resign. The [DS] is in a panic. Trump and team lit a fire to flush out the enemy. The [DS] went along with the narrative and tried to push it further by pushing division. Trump can now see the board very clearly. The [DS] is afraid and its going to get worse. Trump is now shifting the Ukraine war to NATO and NATO is now paying for the weapons. Putin is assisting with the nuke deals with Iran. Trump and team are getting ready to unleash an investigation into the [DS], but first needed to prepare for it by flushing out the enemy.   Economy https://twitter.com/ChrisMartzWX/status/1943401373573234785  flood every year, assuming stationarity. Some years, there will be higher numbers, while in others, there will be fewer. So, yes, there can in fact be several “1-in-1,000-year” floods in the U.S. each year, and it doesn't tell us anything useful about long-term trends. That statistic does not apply to the entire nation uniformly. https://twitter.com/charliekirk11/status/1943353867833373054 https://twitter.com/TrumpWarRoom/status/1943743869989843326 (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:18510697282300316,size:[0, 0],id:"ld-8599-9832"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs");  President Trump Announces 35 Percent Baseline Tariff for Canadian Goods Not Covered Under USMCA President Donald Trump has announced a 35% baseline tariff rate for Canada on all imported goods not currently covered under the soon-to-expire USMCA trade agreement. “Instead of working with the United States, Canada retaliated with its own Tariffs,” President Trump shared on Truth Social. “Starting August 1, 2025, we will charge Canada a Tariff of 35% on Canadian products sent into the United States, separate from all Sectoral Tariffs.” [LINK]   During the oval office meeting President Trump said, “as you know [USMCA] terminates fairly shortly. It gets renegotiated fairly shortly.” Then the biggest statement, “this was a transitional deal, and we'll see what happens, we're going to start renegotiating that”… “I don't know if it serves a purpose anymore.”  …. “And the biggest purpose it served was, we got rid of NAFTA.”  President Trump is going to exit the trilateral USMCA in favor of two distinctly different bilateral trade agreements between the U.S and Mexico; and the U.S and Canada.  The only consideration now is the timing.  President Trump is 100% focused on the BIG ECONOMIC PICTURE; it's not about the politics, it's all about the economics.   Source: theconservativetreehouse.com Trump Advises Countries to Make a Deal as Tariff Deadline Looms: ‘Keep Working; It's All Going to Work Out' The tariffs on various countries announced this week include: Algeria: 30 percent tariff Bangladesh: 35 percent tariff Bosnia and Herzegovin: 30 percent tariff Brazil: 50 percent tariff Brunei: 25 percent tariff Cambodia: 36 percent tariff Canada: 35 percent tariff Indonesia: 32 percent tariff Iraq: 30 percent tariff

Today, we're looking at President Trump's latest threat to Canada, sending a letter warning of 35% tariffs goods that are non-compliant with the existing USMCA trade deal. Plus, we'll look at Prime Minister Mark Carney and B.C. Premier David Eby's response to the latest tariff threat and what might come next in negotiations. And finally, a leaked email from the RCMP shows the federal police force could be facing budget cuts amid rising crime across Canada.

S&P futures are pointing to a lower open today, down (0.6%). European equity markets also opened in the red, with the major indices roughly down by (0.5%). Asian markets traded mixed with Greater China markets outperforming. The Hang Seng surged +1.8%, boosted by gains in consumer-oriented and property stocks, while the Shanghai Composite hit a 3.5-year high. President Trump announced a 35% tariff on Canadian goods not covered by the USMCA, effective 1-Aug, increasing from the current 25%. Energy-related goods remain at a 10% tariff. Trump hinted at potential baseline tariffs of 15 to 20%, up from the current 10%, and suggested similar measures might target the EU soon. Companies Mentioned: Google, Boyd Gaming, Panasonic

Visit Y Street Capital to learn more about our projects. The conventional wisdom is that when the value of a country'scurrency falls relative to its trading partners, its exports become more competitive in the global market. It's no secret that the Trump Administration is aiming to bring more manufacturing back to the United States.Global flows of capital have changed since the start of the year. While the administration wishes to bring increasing levels of capital investment to the United States many of the policies are in fact having the opposite effect. President Trump has stated publicly that he wishes the US dollar to fall compared with other currencies including the Japanese Yen, the Euro, the Chinese Yuan and the Canadian Dollar.An increasing number of investors are looking for a safe haven for their capital. The US dollar has fallen by 10% since the beginning of the year against most of the major currencies. Indications are that it is forecast to fall even further when measured against other major currencies. We think that real estate investments in Canada represent a better risk adjusted proposition right now. This is based on the following observations:1) The slowdown in new construction that we have seen across the US is also present in Canada. This means that labor rates in Canada for new construction have moderated and we are seeing extremely competitive bids for new work. 2) Immigration to the US is down significantly since the start of the year and demand for new housing will decline as a result. The US has pretty much closed the door refugee claimants. This includes countries like Afghanistan where many US allies are stranded and have no path to enter the US. 3) Immigration to Canada remains in extremely high demand. The Canadian government has reduced its immigration targets slightly, but the numbers remain extremely high especially when compared to the US as a percentage of the population. 4) Interest rates in Canada are much lower for borrowing. The 5 year Canada mortgage bond is trading around 3.1% which means that a new construction and permanent financing loan could price below 4%. Rates are not that low in the US. 5) Canada is not waging a trade war against the rest of the world. While prices for certain construction commodities like electrical equipment and air conditioners will certainly be impacted by tariffs in the US, we are not seeing the same impact in Canada. Many manufacturers have operations in North America including Mexico. These goods can flow into Canada free of any tariffs under USMCA. 6) Even with new apartment supply having entered the market, vacancy rates in most Canadian cities are far below comparable US markets. 7) If the US dollar falls further as we see the Trump administration wishing, then any investment outside the US goes up in value on a relative basis. Investing is not the same as speculating on foreign exchange rates. That alone should not be a reason for investing outside the US. It's just one of many factors to consider when looking at aggregate probabilities.When we put all of these factors together, we see a compelling case for investing in Canada, even for US investors. ---------------**Real Estate Espresso Podcast:** Spotify: [The Real Estate Espresso Podcast](https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?si=c75ea506a6694ef1)   iTunes: [The Real Estate Espresso Podcast](https://podcasts.apple.com/ca/podcast/the-real-estate-espresso-podcast/id1340482613)   Website: [www.victorjm.com](http://www.victorjm.com)   LinkedIn: [Victor Menasce](http://www.linkedin.com/in/vmenasce)   Facebook: [www.facebook.com/realestateespresso](http://www.facebook.com/realestateespresso)   Email: [podcast@victorjm.com](mailto:podcast@victorjm.com)  Facebook: [www.facebook.com/YStreetCapital](https://www.facebook.com/YStreetCapital)  

PREVIEW: Colleague Mary Anastasia O'Grady of WSJ reports that Canada and Mexico look to the G7 for the beginning of resolution re trade in the 2026 USMCA agreement. More. 11900 KLONDIKE