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Tomorrow @PeterGHallXIII and I will be discussing the latest results from @ExportDevCanada's Trade Confidence Index (our semi-annual survey of 1,000 Canadian exporters).
In addition to the usual questions on the outlook, we've added #NAFTA, investment, #CPTPP and more. #CdnEcon
In addition to the usual questions on the outlook, we've added #NAFTA, investment, #CPTPP and more. #CdnEcon
...Here's a rundown of the results, starting with a short video by @PeterGHallXIII to tee up the release of @ExportDevCanada's latest Trade Confidence Index #CdnEcon
Key finding 1: Since our last survey, Canadian exporters have become more optimistic about the near-term outlook - due to by higher expected domestic and export sales.
"Trump has used Harley-Davidson as an example of a US business that is being harmed by trade barriers. Yet Harley has warned consistently against tariffs, saying they would negatively impact sales"
Harley, hit by tariffs, shifts some production overseas apnews.com/6c8942f7363743…
Harley, hit by tariffs, shifts some production overseas apnews.com/6c8942f7363743…
Important issue highlighted by @riotwomennn: are tariff exemptions determined by bribes?
Corker: "22,000 companies have asked for exemptions.There is no basis to deal with them. Are they going to grant these exclusions based on political contributions?"
Corker: "22,000 companies have asked for exemptions.There is no basis to deal with them. Are they going to grant these exclusions based on political contributions?"
Trump’s trade war with the European Union is going to cost Harley-Davidson as much as $100 million a year and force the manufacturer to shift production out of the U.S. bloomberg.com/news/articles/…
If you were lucky enough to get part of the 13% of the tax cut that went to bonuses and raises, better save it up for the coming price hikes and trade war.
Trump will approve a 25% tariff on steel imports and 10% on aluminum next week
wsj.com/articles/trump…
Trump will approve a 25% tariff on steel imports and 10% on aluminum next week
wsj.com/articles/trump…
“These U.S. measures will have a negative impact on transatlantic relations and on global markets": EU vows to hit back against Trump in trade war after announcement of steel and aluminum tariffs politico.eu/article/eu-vow…
Despite an intense lobbying campaign by UK cabinet ministers and officials, Trump imposes 'devastating' steel tariff affecting $500 million in annual British steel exports to the US
telegraph.co.uk/news/2018/03/0…
telegraph.co.uk/news/2018/03/0…
1: I worry sometimes that too much of our narrative about modern Asia is overly Sinocentric -- Chinese advance, Chinese growth, Chinese initiative ... and then US/allied reaction. But this misses much of the story of Asia's last three decades.
2. For example, it has become fashionable to ascribe efforts to build a pan-Asian economic/institutional order to rising Chinese assertiveness or, more precisely, to Chinese ambition. And that is a simple, straightforward enough narrative. But it is just one part of the story.
3. Thus contemporary Asian regionalism for instance—the desire to forge at least some cohesion out of the region’s enormous diversity—has found expression not just in China but across Asia and over many decades.
