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Originally Posted by Goriders
Should be a lot of interesting narratives in the new year.
Is canada heading towards a spring election? I think we will be.
How will the US trade tariff threats play out and will the benefit the US in any way. I don’t think they will outside of small wins.
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Talking to people much more educated than I am on the energy landscape and the flows, at least on the oil side, there doesn't appear to be any belief that Trump could put in tariffs. The refineries in the US need Canadian crude for blending purposes and tariffs on Canadian crude would cause a lot of issues at the refineries, so they don't think it's a realistic possibility.
We'll see what happens when push comes to shove, it's not like Trump hasn't tried to do stupid stuff before. But my belief is that a lot of this tariff talk is just to put him in a better negotiating position, and he fully understands that many of these tariffs are not going to happen. It's all just a game to him and how he can feel like he's coming out on top, even if he really isn't.