The Guardian (November 15)
The Guardian and Carbon Brief found that “just a fifth of funds to fight global heating” actually “went to the world’s 44 poorest countries, known as the least developed countries (LDCs).” In contrast, “China and wealthy petrostates… are among countries receiving large sums of climate finance.” For example, the “UAE, a fossil fuel exporter with a GDP per capita on a par with France and Canada, received more than $1bn in loans from Japan that were logged as climate finance” while “Saudi Arabia, which is one of the top 10 carbon emitters…received about $328m in Japanese loans.”
Tags: $1bn, 44 LDCs, Canada, Carbon Brief, China, Climate finance Fossil fuel, Exporter, France, GDP, Global heating, Guardian, Japan, Loans, Saudi Arabia, UAE, Wealthy petrostates
Washington Post (July 24)
With import tariffs capped at 15%, Japanese autos look set to “benefit more than their rivals” due to the recently concluded U.S./Japan trade agreement while cars manufactured in their American plants may be able to escape tariffs completely. In contrast, many U.S. automakers have supply chains that “cross multiple borders, particularly in North America, where goods from Mexico and Canada are subject to 25 percent tariffs.” This may leave domestic automakers at a disadvantage. “Vehicles assembled in Mexico,” like the Chevrolet Equinox and the Ford Maverick, are expected to pass on “the highest costs to consumers.”
Tags: 15%, 25%, Assembled, Automakers, Autos, Benefit, Canada, Cars, Chevrolet, Costs, Ford, https://www.washingtonpost.com/business/2025/07/23/automakers-tariff-japan/ Japan, Import tariffs, Mexico, Multiple borders, North America, Rivals, Supply chains, Trade agreement, U.S., Vehicles
Wall Street Journal (July 12)
“Would Tariff Man please take a summer vacation for the good of the nation? Stocks tumbled on Friday after President Trump announced he will raise tariffs on Canada to 35%, starting Aug. 1.” Following this, Trump “floated increasing his current 10% across-the-board tariffs on many countries to 15% or 20%.” Tarriff Man “seems to think that his unpredictability is a negotiating advantage. But keeping trading partners guessing—along with investors and U.S. companies with global supply chains—isn’t a recipe for economic strength.”
Tags: 35%, Advantage, Canada, Companies, Economic strength, Investors, Negotiating, Stocks, Summer vacation, Supply chains, Tariff Man, Trading partners, Trump, Tumbled, U.S., Unpredictability
Men’s Journal (July 1)
“For years, the U.S. has issued cautionary travel advisories to citizens heading overseas. But in a surprising twist, the roles have flipped. Several countries, including longtime allies like Australia, Canada, and the U.K., are now warning their citizens about traveling to the United States.” The warnings cite violence, mass shootings, detention, and other items. “Germany, France, Denmark, and Finland all issued warnings about new U.S. gender marker policies that may affect travelers who use ‘X’ or nonbinary identifiers.” Due in part to these warnings, the World Travel & Tourism Council is projecting a “$12.5 billion decline in international tourism revenue to the U.S. in 2025.”
Tags: $12.5 billion, Allies, Australia, Canada, Citizens, Denmark, Detention, Finland, France, Gender, Germany, Mass shootings, Nonbinary, Overseas, Travel advisories, U.K., U.S., Violence, Warnings
New York Times (June 12)
“America’s closest allies are increasingly turning to each other to advance their interests, deepening their ties as the Trump administration challenges them with tariffs and other measures that are upending trade, diplomacy and defense.” Much of the proactive push involves Britain, France, Canada, Japan and other middle powers. Their efforts “to come closer together as the United States recalibrates its global role… will be on display over the next few days as the Group of 7 industrialized nations’ leaders meet in Alberta, Canada.”
Tags: Advance, Alberta, Allies, America, Britain, Canada, Challenges, Defense, Diplomacy, France, G7, Japan, Middle powers, Recalibrates, Tariffs, Ties, Trade, Trump, U.S., Upending
Wall Street Journal (May 7)
“Just as other countries need U.S. help against China, the reverse is also true.” President Trump himself, however, stands “in the way” of constructing such a “new trading system…. He simply doesn’t make much distinction between China and allies: They’re all ‘ripping us off.’” The President’s “willingness to hit friendly nations with tariffs, cozy up to Russia and threaten allies like Denmark and Canada has deeply undermined allies’ trust. With the U.S. closing its market, others are more reluctant than ever to push China away.“
Tags: Allies, Canada, China, Denmark, Friendly nations, Market, Reluctant, Tariffs, Threaten, Trading system, Trump, Trust, U.S., Undermined
Reuters (March 18)
Top banking heads in Australia believe the Trump administration’s “protectionist policies would likely strain the global economy in the medium term with higher costs and lack of certainty.” However, they believe Australia is “better placed than Canada, which sells 85% of its exports to the U.S.” In contrast, Australia’s U.S. exports are, “small compared to its overall export trade,” amounting annually to only about $15 billion.
Tags: $15 billion, Australia, Banking, Canada, Certainty, Exports, Global economy, Higher costs, Protectionist policies, Strain, Trade, Trump administration
Bloomberg (March 4)
A roller coaster day left the S&P 500 Index ”at its lowest level since Nov. 4, the day before Trump was elected…. The dizzying ride provided a preview of the difficulties facing investors, who now must figure out how to price American assets in what essentially amounts to a new world order created by Trump’s tariffs on China, Canada and Mexico.” The volatility and steep decline are “a comeuppance for those on Wall Street who bet big on Donald Trump’s election win, trades that powered the equity market higher along with the dollar and Treasury yields. The bet that Trump wouldn’t do anything to disturb the stock market rally has, for now, been lost.”
Tags: Assets, Canada, China, Comeuppance, Dizzying, Dollar, Investors, Mexico, New world order, S&P 500, Stock market, Tariffs, Treasury yields, Trump, Volatility, Wall Street
Wall Street Journal (March 3)
We’ve called “the Mexico and Canada levies the ‘dumbest’ in history, and we may have understated the point. Mr. Trump is whacking friends, not adversaries. His taxes will hit every cross-border transaction…. The 25% tariff will raise the cost of a full-sized SUV assembled in North America by $9,000 and a pickup truck by $8,000. Is this how the new Republican Party plans on helping working-class voters?”
Tags: $9K, 25% tariff, Adversaries, Canada, Cost, Cross-border transaction, Dumbest, Friends, Levies, Mexico, Republican, SUV, Taxes, Trump, Understated, Whacking
Washington Post (March 1)
President Trump’s “gambit to take control of Ukraine’s deposits of lithium, graphite, cobalt, rare metals and so forth — after calling for buying Greenland and taking over Canada, in part to nab their vast troves of critical minerals — suggests that he is fashioning a 19th-century strategy to work in the 21st.” While he may like this strategy, “holding a gun” to other nations “seems unwise if the United States wants to avoid becoming an international pariah and pushing erstwhile allies into the arms of its adversaries.”
Tags: 19th-century strategy, Adversaries, Allies, Canada, Cobalt, Control, Deposits, Gambit, Graphite, Greenland, International pariah, Lithium, Minerals, Rare metals, Trump, U.S., Ukraine
