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Trudeau's Singapore pitch: Canada 'just getting started' on trade

TU Curmudgeon

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From the CBC

Trudeau's Singapore pitch: Canada 'just getting started' on trade

Prime Minister Justin Trudeau arrived in Singapore on Tuesday afternoon primed to make his pitch to a Singapore business audience: Amid new barriers to trading with the U.S., why not consider Canada?

Trudeau has a busy three days planned at the margins of the Association of Southeast Asian Nations (ASEAN) and East Asia summits.

Canada isn't a member of either group, but is lobbying for a seat at the latter to try to be more of a regional player on security issues. And it's exploring a potential comprehensive trade agreement with the 10-country ASEAN bloc.

"We have an openness towards investment and to immigration that is extremely positive," Trudeau said before meeting with the Canada–​ASEAN Business Council. "One of the things that is a big differentiator between us and our neighbour to the south right now is the fact that top companies can get visas for their top talent in certain sectors in less than two weeks, to be able to come and set up shop in Canada, and start doing great things with us."

COMMENT:-

This will, obviously, be wasted effort because Mr. Trump tells those countries who they can, and can not, trade with and if Mr. Trump tells them that they MUST "Buy American" OR ELSE he will impose crippling sanctions on them, that is exactly what they will do.

Right?
 

Chomsky

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Trump is essentially forcing our allies to enter in non-U.S. agreements, isolating the U.S. from the larger like world community.

This can be dangerous, if the dollar ever falls out-of-favor as the World Reserve currency. It has been slipping due to a variety of causes, but Trump is now accelerating it. China, Russia, and Brazil are making a solid effort to establish a new World Reserve currency; and it could be trouble.
 

JustHanging

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From the CBC

Trudeau's Singapore pitch: Canada 'just getting started' on trade

Prime Minister Justin Trudeau arrived in Singapore on Tuesday afternoon primed to make his pitch to a Singapore business audience: Amid new barriers to trading with the U.S., why not consider Canada?

Trudeau has a busy three days planned at the margins of the Association of Southeast Asian Nations (ASEAN) and East Asia summits.

Canada isn't a member of either group, but is lobbying for a seat at the latter to try to be more of a regional player on security issues. And it's exploring a potential comprehensive trade agreement with the 10-country ASEAN bloc.

"We have an openness towards investment and to immigration that is extremely positive," Trudeau said before meeting with the Canada–​ASEAN Business Council. "One of the things that is a big differentiator between us and our neighbour to the south right now is the fact that top companies can get visas for their top talent in certain sectors in less than two weeks, to be able to come and set up shop in Canada, and start doing great things with us."

COMMENT:-

This will, obviously, be wasted effort because Mr. Trump tells those countries who they can, and can not, trade with and if Mr. Trump tells them that they MUST "Buy American" OR ELSE he will impose crippling sanctions on them, that is exactly what they will do.

Right?

This is what I was expecting. Sadly the USA is not going to be a world leader for much longer. Half the country disparages science, and a higher education, and this obviously does not bode well for any country in the 21st century. So it's a good time for Canada to start looking for partnerships with up and coming countries, countries that will shortly be taking on the mantle of "world leaders".
 

Lord Tammerlain

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Trump is essentially forcing our allies to enter in non-U.S. agreements, isolating the U.S. from the larger like world community.

This can be dangerous, if the dollar ever falls out-of-favor as the World Reserve currency. It has been slipping due to a variety of causes, but Trump is now accelerating it. China, Russia, and Brazil are making a solid effort to establish a new World Reserve currency; and it could be trouble.

The use of Swift as a sanction weapon will be the spark for it. It may take quite a bit of time, but using Swift to sanction non US related trade activities will force other countries to develop alternatives to the Swift system. Once that is in place the need for USD to settle international trade will be reduced. The only real question will be what will supplement it. The Euro, the Yen, a crypto currency? In all likely hood a crypto currency will be the one to form an international reserve currency
 

Grand Mal

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From the CBC

Trudeau's Singapore pitch: Canada 'just getting started' on trade

Prime Minister Justin Trudeau arrived in Singapore on Tuesday afternoon primed to make his pitch to a Singapore business audience: Amid new barriers to trading with the U.S., why not consider Canada?

Trudeau has a busy three days planned at the margins of the Association of Southeast Asian Nations (ASEAN) and East Asia summits.

Canada isn't a member of either group, but is lobbying for a seat at the latter to try to be more of a regional player on security issues. And it's exploring a potential comprehensive trade agreement with the 10-country ASEAN bloc.

"We have an openness towards investment and to immigration that is extremely positive," Trudeau said before meeting with the Canada–​ASEAN Business Council. "One of the things that is a big differentiator between us and our neighbour to the south right now is the fact that top companies can get visas for their top talent in certain sectors in less than two weeks, to be able to come and set up shop in Canada, and start doing great things with us."

COMMENT:-

This will, obviously, be wasted effort because Mr. Trump tells those countries who they can, and can not, trade with and if Mr. Trump tells them that they MUST "Buy American" OR ELSE he will impose crippling sanctions on them, that is exactly what they will do.

Right?

Has NAFTA 1.5 been ratified?
It'll be innerestin' to see the reaction if Trump decides a deal should be made with China and Canada and/or Mexico invoke that clause and veto the idea. We'll see once again that an agreement with America isn't worth the paper.
 

TU Curmudgeon

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Has NAFTA 1.5 been ratified?
It'll be innerestin' to see the reaction if Trump decides a deal should be made with China and Canada and/or Mexico invoke that clause and veto the idea. We'll see once again that an agreement with America isn't worth the paper.

No, NAFTA 2.0 hasn't been ratified by anyone yet.

Canada and Mexico are taking advantage of the sloppy wording that Mr. Trump insisted upon to get around all of the restrictions on their national sovereignty that Mr. Trump thought that he'd imposed.

AFTER they have gotten their ducks in a row, Canada and Mexico will probably ratify NAFTA 2.0 IF the US does so first.
 

Unitedwestand13

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The use of Swift as a sanction weapon will be the spark for it. It may take quite a bit of time, but using Swift to sanction non US related trade activities will force other countries to develop alternatives to the Swift system. Once that is in place the need for USD to settle international trade will be reduced. The only real question will be what will supplement it. The Euro, the Yen, a crypto currency? In all likely hood a crypto currency will be the one to form an international reserve currency

A crypto currency? A hidden currency?
 

Jetboogieman

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The use of Swift as a sanction weapon will be the spark for it. It may take quite a bit of time, but using Swift to sanction non US related trade activities will force other countries to develop alternatives to the Swift system. Once that is in place the need for USD to settle international trade will be reduced. The only real question will be what will supplement it. The Euro, the Yen, a crypto currency? In all likely hood a crypto currency will be the one to form an international reserve currency

Until the world comes to a consensus on Crypo-Currency, its legal status and its place in international finance, there is no way a nation could use something like bitcoin in lieu of a proper currency with a central bank.

The USD falling out of favor is an issue for sure when it comes to what currency could possibly take its place.

I strongly believe for a few different reasons China may destablize in the coming decades.

The right wing surge in Europe with parties hell bent on destroying the EU makes the Euro a somewhat risky proposition.

And the Japanese Debt to GDP Ratio along with a multitude of other factors, I mean the fault lines in the Japanese economy are a coming storm that no ones really talking about, also makes the Yen pretty damned risky.

So for now, I don't see the USD being usurped anytime soon and certainly, categorically not by crypto-currency, nations would sooner go back to the Gold Standard.
 

JoanDavis

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From the CBC

Trudeau's Singapore pitch: Canada 'just getting started' on trade

Prime Minister Justin Trudeau arrived in Singapore on Tuesday afternoon primed to make his pitch to a Singapore business audience: Amid new barriers to trading with the U.S., why not consider Canada?

Trudeau has a busy three days planned at the margins of the Association of Southeast Asian Nations (ASEAN) and East Asia summits.

Canada isn't a member of either group, but is lobbying for a seat at the latter to try to be more of a regional player on security issues. And it's exploring a potential comprehensive trade agreement with the 10-country ASEAN bloc.

"We have an openness towards investment and to immigration that is extremely positive," Trudeau said before meeting with the Canada–​ASEAN Business Council. "One of the things that is a big differentiator between us and our neighbour to the south right now is the fact that top companies can get visas for their top talent in certain sectors in less than two weeks, to be able to come and set up shop in Canada, and start doing great things with us."

COMMENT:-

This will, obviously, be wasted effort because Mr. Trump tells those countries who they can, and can not, trade with and if Mr. Trump tells them that they MUST "Buy American" OR ELSE he will impose crippling sanctions on them, that is exactly what they will do.

Right?

trump would never threaten other countries to 'BUY AMERICAN OR ELSE'. He would lose a lot of money since all his products are made in China, Vietnam, Bangladesh and Mexico.
 
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