The Next Big Opportunity in Electric Vehicles

The electric revolution is hitting the water, and one company is surging ahead with unmatched efficiency and groundbreaking tech. Positioned in a market expected to triple by 2033, This stock is making waves among smart investors.

Canada is already examining tariffs on certain US items following Trump's tariff threat

ROB GILLIES
November 27, 2024

TORONTO (AP) -- Canada is already examining possible retaliatory tariffs on certain items from the United States should President-elect Donald Trump follow through on his threat to impose sweeping tariffs on Canadian products, a senior official said Wednesday.

Trump has threatened to impose tariffs on products from Canada and Mexico if the countries don't stop what he called the flow of drugs and migrants across southern and northern borders. He said he would impose a 25% tax on all products entering the U.S. from Canada and Mexico as one of his first executive orders.

A Canadian government official said Canada is preparing for every eventuality and has started thinking about what items to target with tariffs in retaliation. The official stressed no decision has been made. The person spoke on condition of anonymity as they were not authorized to speak publicly.

When Trump imposed higher tariffs during his first term in office, other countries responded with retaliatory tariffs of their own. Canada, for instance, announced billions of new duties in 2018 against the U.S. in a tit-for-tat response to new taxes on Canadian steel and aluminum.

Many of the U.S. products were chosen for their political rather than economic impact. For example, Canada imports $3 million worth of yogurt from the U.S. annually and most comes from one plant in Wisconsin, home state of then-House Speaker Paul Ryan. That product was hit with a 10% duty.

Another product on the list was whiskey, which comes from Tennessee and Kentucky, the latter of which is the home state of then-Republican Senate leader Mitch McConnell.

Trump made the threat Monday while railing against an influx of illegal migrants, even though the numbers at Canadian border pale in comparison to the southern border.

The U.S. Border Patrol made 56,530 arrests at the Mexican border in October alone -- and 23,721 arrests at the Canadian one between October 2023 and September 2024.

Canadian officials say lumping Canada in with Mexico is unfair but say they are happy to work with the Trump administration to lower the numbers from Canada. The Canadians are also worried about a influx north of migrants if Trump follows through with his plan for mass deportations.

Trump also railed about fentanyl from Mexico and Canada, even though seizures from the Canadian border pale in comparison to the Mexican border. U.S. customs agents seized 43 pounds of fentanyl at the Canadian border last fiscal year, compared with 21,100 pounds at the Mexican border.

Canadian officials argue their country is not the problem and that tariffs will have severe implications for both countries.

Canada is the top export destination for 36 U.S. states. Nearly $3.6 billion Canadian (US$2.7 billion) worth of goods and services cross the border each day. About 60% of U.S. crude oil imports are from Canada, and 85% of U.S. electricity imports are from Canada. Canada is also the largest foreign supplier of steel, aluminum and uranium to the U.S. and has 34 critical minerals and metals that the Pentagon is eager for and investing in for national security.

"Canada is essential to the United States' domestic energy supply," Deputy Prime Minister Chrystia Freeland said.

Trump has pledged to cut American energy bills in half within 18 months, something that could be made harder if a 25% premium is added to Canadian oil imports. In 2023, Canadian oil accounted for almost two-thirds of total U.S. oil imports and about one-fifth of the U.S. oil supply.

Prime Minister Justin Trudeau is holding a emergency virtual meeting on Wednesday with the leaders of Canada's provinces, who want Trudeau to negotiate a bilateral trade deal with the United States that excludes Mexico.

Mexican President Claudia Sheinbaum suggested Tuesday that Mexico could retaliate with tariffs of its own against the United States.

Continue Reading...

Popular

South Carolina treasurer calls questions of his role in $1.8 billion accounting error a witch hunt

COLUMBIA, S.C. (AP) — South Carolina Treasurer Curtis Loftis said Wednesday that calls for him to resign over that left the state trying to figure out what happened to a $1.8 billion fund amounted to a witch hunt.

Nvidia faces a reckoning as an upstart rival raises questions about Wall Street's darling

NEW YORK (AP) — The superstar run for Nvidia’s stock the last few years has been astonishing. So was its tumble Monday, which caused $595 billion in wealth to vanish. That’s about as much as PepsiCo, McDonalds, Starbucks and Target are worth, combined.

Trump Could Make Surprising Tech Announcement Any Day - Ad

I want to show you a free demonstration. Of one of the most incredible technologies you've ever seen. You'll be getting a peek at the cutting edge... A decade from now, you'll remember where you were when you saw this video.

Dubai's ceaseless boom is putting strains on its residents

DUBAI, United Arab Emirates (AP) — — and some residents are starting to feel burned.

Tesla Likely To Sell Optimus To Rivals In 2026, Elon Musk Says Revenue Potential Of Bot North Of $10 Trillion: 'It's Real Bananas'

Tesla Inc CEO Elon Musk on Wednesday said that the company intends to make several thousand units of its Optimus humanoid robot this year for deployment in its own factory which will inform the next version of the robot slated for launch next year and likely to be sold to rival companies.

Critical Metals: The Linchpin of the Energy Transition - Ad

As EVs and AI take center stage, critical metals like copper, nickel, and PGMs are becoming the linchpin of clean energy and technological advances. One Canadian company's high-grade polymetallic discovery in Quebec is drawing comparisons to Russia's Norilsk Mine--one of the richest deposits globally. Backed by industry titans, this story is just beginning.

China's factory activity contracts in January for the first time in 4 months

HONG KONG (AP) — Manufacturing slowed in China in January for the first time in four months as workers began leaving assembly lines to travel to their hometowns for Lunar New Year holidays.

Edmunds' hybrid SUV test: 2025 Hyundai Tucson Hybrid vs 2025 Toyota RAV4 Hybrid

Hybrids are hot right now, and you have lots of choices if you’re considering a hybrid SUV. For years, the Toyota RAV4 Hybrid has been the go-to model for hybrid SUV shoppers.

Hidden Gem in the Electric Boating Boom - Ad

The electric boating market is growing fast, and one little-known stock is perfectly positioned to capitalize. With cutting-edge technology and access to a $22 billion market, this could be the breakout opportunity of the year.

Did DeepSeek copy ChatGPT? Trump adviser thinks so

Did the upstart copy ChatGPT to make the artificial intelligence technology that this week?

Magnificent 7 Earnings Ahead: 3 ETFs To Ride The Wave

Earnings season in full swing, attention on tech giants known as Magnificent 7: 3 ETFs to consider.

Struggling to Get By? This Could Be a Godsend - Ad

If you knew with 90% certainty, Amazon was about to tack on 22.5% to its share price... AND you also knew exactly when that climb would start and end... how much money do you think you'd be able to rake in? $1,000... $5,000... $25,000... Maybe even more? If you'll give me 5 minutes... I'd like to help you answer that question.

Tesla, Meta, Microsoft, IBM, Nvidia: Why These 5 Stocks Are On Investors' Radars Today

On Wednesday, January 29, 2025, TSLA, META, MSFT, IBM, NVDA were among the stocks that dominated investor attention on the day Federal Reserve chose to keep the interest rates steady.

Stryker's Strategic Moves Impress Analysts, Spine Implant Sale and NARI Deal Set to Drive Future Growth

Wall Street analysts upgraded Stryker Corp (NYSE: SYK) after its Q4 report beat expectations, with strong sales and earnings growth projected for 2025.

Elon Musk's Critical Metals Warning: What Investors Need to Know - Ad

Elon Musk has repeatedly warned about the looming critical metals crisis, calling materials like nickel, copper, and PGMs essential to Tesla's future. One Canadian discovery in Quebec is drawing comparisons to Russia's Norilsk Mine and has the potential to reshape global supply chains. With heavyweight backers and a fully funded exploration plan, this opportunity demands attention.

Kansas City Battles Major Tuberculosis Outbreak, 67 Active Cases, Hundreds Under Watch

Kansas City faces one of the worst U.S. tuberculosis outbreaks, with 67 active cases and 384 people under monitoring.

The DOGE Agenda (Nine Stocks to Buy) - Ad

One Boston based think tank – who has studied Elon's work for decades – is stepping forward to share what they've found. They believe his TRUE plan is far more radical than anyone realizes. It could change the way you live, work, get paid...AND could make more people rich than all of Elon's previous ventures.

F5 Sees Big Wins in Multi-Cloud, AI Security, and IT Refresh, Analysts Forecast More Upside

F5 Inc (NASDAQ: FFIV) reported strong Q1 results, beating revenue and EPS estimates. The stock gained as analysts raised price targets and expectations for further growth from IT budgets, data center refresh, and AI demand.

The Closest Thing to 'Push Button' Investing - Ad

You buy when these 'windows' open -- and sell when they close... Yes, it's that easy. It doesn't matter if you're just starting out, or if you've been investing for decades... This brain-dead simple trading strategy is designed to deliver triple-digit gains - WITHOUT tying your money up for years on end.

Trump Slams Fed's 'Terrible Job' On Bank Regulation After Rate Hold, Vows To 'Unleash Lending For All American People'

President Donald Trump criticized the Federal Reserve's handling of inflation and banking regulation on Wednesday, following the central bank's decision to hold interest rates steady at 4.25%-4.5%.

Stock market today: Asia shares mostly rise while some regional markets stay closed for holidays

TOKYO (AP) — Asian shares mostly rose Thursday after the U.S. Federal Reserve opted for the first time since it began trying to help through easier rates in September.

Legendary Tech Investor: "Forget Nvidia, Buy This Instead" - Ad

In February 2016, Jeff Brown picked Nvidia as one of his favorite stocks. Since then, shares have jumped enough to turn $1,000 into more than $230,000. If you missed out on those massive gains...

Mark Zuckerberg Says China's DeepSeek Did Some Novel Things 'We're Still Digesting,' But Meta May Keep Pouring Billions Into AI Infrastructure Anyway

Meta CEO Mark Zuckerberg acknowledged that China's DeepSeek made novel advancements that Meta is still evaluating but emphasized that the company will continue investing billions in AI infrastructure, seeing it as a long-term strategic advantage.

Dan Ives Expects Meta And Microsoft To Stand Firm On $60 - $80 Billion AI Spending Plans Amid DeepSeek's Disruptive AI Model

Wedbush Securities analyst Dan Ives expects Meta Platforms Inc. and Microsoft Corp. to stand firm on their ambitious artificial intelligence spending plans during their upcoming earnings calls, despite recent market jitters over Chinese AI startup DeepSeek's emergence.

This Electric Boating Stock Has Potential To Soar - Ad

While competitors struggle, one company is leading the electric boating industry with scalable production, strategic partnerships, and a revolutionary powertrain. In a market set to move, this stock is quietly gaining momentum.

Shiba Inu's Shytoshi Kusama Teases 'Extremely Powerful Partnership' -- Coin Themed On Him Rallies 25%

Shiba Inu (CRYPTO: SHIB) lead ambassador Shytoshi Kusama hinted at a major partnership announcement for the blockchain ecosystem on Tuesday, stirring up excitement among enthusiasts.

US cyber agency's future role in elections remains murky under the Trump administration

WASHINGTON (AP) — The nation’s cybersecurity agency has played in helping states shore up the defenses of their voting systems, but its election mission appears uncertain amid sustained criticism from Republicans and key figures in the Trump administration.

My TOP Altcoin for Right Now Is... - Ad

Searching for the top investment opportunity in crypto? Look no further. Our $3 report gives you the full scoop. You'll get this exciting token's name, our recommended investment strategy, and growth projections. Time is of the essence with this one...

Elon Musk's Tesla Records $600 Million In Paper Gains On Bitcoin In Q4 Thanks To New Accounting Rule

Electric vehicle behemoth Tesla Inc. (NASDAQ:TSLA) reported an unrealized gain of $600 million on its cryptocurrency holdings in the fourth quarter.

Fartcoin Loses Shine Against SHIB, DOGE, Plunges 50% In 7 Days: Is This A Prime Buying Opportunity?

Fartcoin (CRYPTO: FARTCOIN) has dropped significantly from highs set one week ago, but traders on social media remain adamant about the meme coin’s future prospects.

"Trump Coins:" the Next Big Thing - Ad

Have you heard of "Trump Coins?" Even though these coins are associated with or endorsed by President Trump... Tech legend Jeff Brown believes his policies will help send these coins higher than anyone can imagine in 2025.

'Mona Lisa' will get its own room under a major renovation of the Louvre

PARIS (AP) — French President Emmanuel Macron announced Tuesday that will get its own dedicated room inside the Louvre museum under a major renovation and expansion of the Paris landmark that will take up to a decade.

3 coup-hit West African nations formally leave ECOWAS in an unprecedented disintegration

ABUJA, Nigeria (AP) — The of Niger, Mali and Burkina Faso have formally withdrawn from the regional bloc known as ECOWAS, the body said Wednesday, the culmination of a yearlong process during which the group tried to avert its unprecedented disintegration.

What Bill O'Reilly Said Floored Me - Ad

Bill O'Reilly has trusted one expert for investment advice for over 20 years... Alexander Green. Now, Alex is revealing Trump's impact on YOUR Money, like how AI technology could amplify Trump's policies and details on 3 stocks that could rise 20-fold by 2029.

Trains canceled across Bangladesh as rail union goes on strike

DHAKA, Bangladesh (AP) — Trains were canceled across Bangladesh on Tuesday as railway staff went on strike for higher pensions and other benefits, affecting tens of thousands of passengers and freight transport.

Czech Central Bank Considering 5% Bitcoin Reserve

The Czech National Bank (CNB) could become the first Western central bank known to allocate a portion of its reserves to Bitcoin (CRYPTO: BTC).

Three Companies Could Benefit Greatly From AI's Next Boom This Year - Ad

My 2025 AI Blueprint features three of what I call Nvidia's "Silent Partners." Some of the world's hottest companies are working with AI's undisputed leader, Nvidia. And I've identified three of them that appear to be well-positioned for the next AI boom in 2025. Everything you need to know about them in my 2025 AI Blueprint.

DeepSeek Suffers 'Degraded Performance,' Says Hit By 'Large-Scale Malicious Attacks' After Rapidly Emerging As App Store Chart Topper

Chinese AI startup DeepSeek faced significant cyberattacks amid its rapid rise, including topping the U.S. App Store and challenging AI giants with its cost-effective R1 language model.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service