Justin Trudeau hints at boosting Canada’s military spending

I'll believe it when I see it.

 

[Good2Golf]

2%
2.5%
3%
....
5%

Trump has just upped the ante.

Trump to demand Nato nations spend 5pc of GDP on defence

Countries told to bolster their budgets as president-elect passes burden of Ukraine war to Europe

www.telegraph.co.uk

Negotiating 101: Bracketing and Trump is leading the negotiation by setting the high bracket (5.0%).….and he could double-bracket as well, we shall see. Canada is way down on the backside of the low bracket (2.0%). Those that take defence seriously will probably make national statements of commitment at or slightly above the bracket mid-point (3.5%). They’ll be rewarded with acknowledgment of team play and a preferred place in Trump’s sphere of influence. The others may be double-bracketed on the high side of single-bracket mean (above 3.5%…3.75 to 4.25%+/-) and when they don’t or can’t, they will be on the outs with Trump and he’ll beast them until they at least ante up to the original mid-point (3.5%).

And he wants Europe to buy more Alberta Oil and Gas.....

https://www.reuters.com/world/us/trump-says-eu-should-make-up-tremendous-deficit-with-us-by-purchasing-its-oil-2024-12-20/

After he has got his mark up and resold it through American ports.

WSC (Western Select Crude) - 56USD > Alberta sells to America
WTI (West Texas Intermediate) Crude - 70USD > America sells to Europe…

 

[dimsum]

2%
2.5%
3%
....
5%

Trump has just upped the ante.

Trump to demand Nato nations spend 5pc of GDP on defence

Countries told to bolster their budgets as president-elect passes burden of Ukraine war to Europe

www.telegraph.co.uk

And he wants Europe to buy more Alberta Oil and Gas.....

https://www.reuters.com/world/us/trump-says-eu-should-make-up-tremendous-deficit-with-us-by-purchasing-its-oil-2024-12-20/

After he has got his mark up and resold it through American ports.

The line in the article about complaining that there is a trade deficit in cars going to EU vice from the EU made me laugh.

A huge proportion of Americans don’t even buy American-company cars. What makes anyone think Europeans will when they have BMW, Volvo, Mercedes, Audi, etc?

 

[YZT580]

The line in the article about complaining that there is a trade deficit in cars going to EU vice from the EU made me laugh.

A huge proportion of Americans don’t even buy American-company cars. What makes anyone think Europeans will when they have BMW, Volvo, Mercedes, Audi, etc?

many of which are owned and built off-shore.

 

[dimsum]

many of which are owned and built off-shore.

Sure - still not American-led companies though.

If those cars are still built somewhere in Europe, and the trade skews towards them, then the point is still valid.

 

[AmmoTech90]

Yes, that European component, Stellantis, should definitely pull out of the US market.