To avoid American tariffs, Prime Minister Justin Trudeau continued an existing plan to beef up border security. The plan had been negotiated with President Biden, and included 10,000 more people at the 5,500-mile border, two helicopters, and 60 drones; the equipment was deployed last month. Canada also promised to work on criminal investigations into drug dealers with a new “fentanyl czar.”
In the past week Canadian stores have labeling Canadian-made goods so citizens can more easily find them, while the country as a whole has reportedly speeded up its work on joining new trade groups. The postponement of tariffs likely means that Brampton Assembly will continue to be renovated for Jeep Compass production in the fourth quarter of 2025, as planned.
Much lower 10% tariffs on China have kicked in, with China filing a complaint at the World Trade Organization and imposing retaliatory tariffs of its own. China, unlike Canada, has generally been seen as a competitor of the United States as well as a trade partner; Canada is the United States’ largest trade partner and, in the past, one of its closest allies.
The Dow Jones Industrial Average is down slightly, by –0.1%, while the iShares MSCI Canada ETF is up by 2%.
David Zatz started what was to become the world’s biggest Mopar site (Allpar) in 1994. After a chemo-induced 2007-2010 break, during which he wrote car books covering Vipers, minivans, and Jeeps, he returned with Patrick Rall to create StellPower.com for daily news, and to set up MoTales for mo’ tales (Chrysler history and “permanent” car and truck pages). He most recently wrote Century of Chrysler, a 100-year retrospective on the marque.
Discover more from Stellpower - that Mopar news site
Subscribe to get the latest posts sent to your email.