Officially now in the red for the day after Trump announced 104% China tariffs are now active and will be collected tomorrow at midnight.
The hopium that somehow everything will be ok is still persistent, even while penguins are getting tariffed "to prevent countries from bypassing the wrath of Trump tariff actions to bring manufacturing back to Uhmerica"
Yes, one day people will actually start listening to what they say they are going to do, instead of "well he won't do it, he can't be that dumb." Yes, he can and he is.
sorry missed a 0 but yes it was Westridge I was refering to, my best guess would be double up the existing pipeline into the Fraser Valley then instead of crossing into the US at Sumas run it down to the Coal terminal in Ladner, turn that into a vast shipping point, politically difficult but my guess is not impossible now since Trump
Expanding westridge for more exports is not great. Tanker traffic is congested and depth is an issue, you can’t get the larger carriers in their so there’s an economy of scale issue.
Expanding Transmountain is similarly fraught with challenges. Go north to prince rupert or Kitimat if we want to export in the west, it’s the solution.
Potential upside of a pause is much smaller than the tariffs going ahead. Market Armageddon is upon us, and fear that this is actually going to happen is finally showing with late action.
Expanding westridge for more exports is not great. Tanker traffic is congested and depth is an issue, you can’t get the larger carriers in their so there’s an economy of scale issue.
Expanding Transmountain is similarly fraught with challenges. Go north to prince rupert or Kitimat if we want to export in the west, it’s the solution.
Going East doesn't make sense in terms of private enterprise, but does make sense on terms of income added through increased activity from industry/commercial surrounding refining larger amounts in New Brunswick.
There is also a large advantage to national and economic security that holds a lot of value.
Government building the pipeline makes more sense than private. East more than west.
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Lol at the market spending all day thinking Trump was gonna back off, and then a complete implosion in the last hour when they realize he's not gonna. Tomorrow might be very ugly.
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Lol at the market spending all day thinking Trump was gonna back off, and then a complete implosion in the last hour when they realize he's not gonna. Tomorrow might be very ugly.
I just keep telling myself time in the market beats timing the market.
This is a pretty clear explanation of the reality of the situation, if anyone wants something easy to send to dummies who don't understand tariffs.
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At my company - we are taking our current prices in the US, adding the new tariffs costs plus a mark-up and that is our new price. When you tariff everywhere - there isn't a place to avoid it since the stuff we sell doesn't have (and won't have) any US manufacturing.
Last time - you could move manufacturing from China into Vietnam, Thailand, etc for a bit of an increase in cost to avoid the tariffs. Now its a kick in the teeth no matter where you make it (and the way they calculate the tariffs - if everyone moves their manufacturing to India or Philippines or some place with lower tariffs - they'll jack up the rate in that location).
Going East doesn't make sense in terms of private enterprise, but does make sense on terms of income added through increased activity from industry/commercial surrounding refining larger amounts in New Brunswick.
There is also a large advantage to national and economic security that holds a lot of value.
Government building the pipeline makes more sense than private. East more than west.
It still wouldn’t make sense. You are talking about probably a close to 30 billion project, maybe more, just to feed a 380,000 barrel a day refinery. Even if you want to export there I don’t think the Atlantic side is the right coast.
I hope that more companies add tariffs as a separate line item (like is done with GST, etc.) that might help drive home to the more simple minded who's paying for this.
US 30 year treasury yield have hit 5% briefly before dipping down at the time of this post. Some speculation is that China is doing a mass sell off in treasuries as a strategy against Trump to force his hand.
A three-day rise of nearly 60 basis points in 30-year yields , which spiked above 5%, would mark - if sustained - the heaviest selloff since 1981. Large, but smaller rises in yield hit sovereign bonds in Japan and Australia.
Shanghai market is actually up despite the hard tariffs now in place.
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