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Canadas Bold Move 100 Tariff on Chinese Electric Vehicles
>> YOUR LINK HERE: ___ http://youtube.com/watch?v=FGPUD1_Lc5A
In this clip of Market Mondays, our hosts Rashad Bilal, Ian Dunlap, and Troy Millings dive deep into the recent news of Canada imposing a 100% tariff on imports of Chinese-made electric vehicles. This decision echoes a similar move by the United States and has significant implications for international trade relations and the auto industry. • *Key Topics Covered:* • 1. *Implications of 100% Tariff:* • Ian Dunlap shares his insights on the potential risks and missteps associated with imposing such tariffs, highlighting the historical context and the current economic landscape. He emphasizes the idea that tariffs usually don't end well and questions whether Canada is economically strong enough to withstand possible repercussions from China without direct support from the US. • 2. *Impact on the EV Market:* • The hosts discuss the size of the electric vehicle (EV) market in both the US and Canada. Troy Millings points out that the EV market in America is relatively small, comprising about 7% of vehicles, and predicts that Canada's market is even smaller due to its colder climate. They ponder whether the economic impact of the tariff on this small market segment justifies the potential larger-scale economic retaliation from China. • 3. *Broader Economic Consequences:* • The conversation shifts to the broader economic implications, including the potential for China to impose retaliatory tariffs on other sectors. Ian recalls the considerable impact of tariffs on American farms and small businesses, as well as technology and agriculture. They question if Canada has the economic resilience to handle such countermeasures. • 4. *Alliance with the US:* • The discussion brings out the complexities of international alliances, with Ian and Troy questioning whether Canada is leveraging its alliance with the US appropriately. They discuss the possible long-term economic consequences for Canada and highlight the interconnected nature of global economies. • 5. *Investment Insights:* • Rashad introduces an intriguing investment anecdote about musician Will.i.am, who invested $80,000 in Tesla before Elon Musk was involved. This part of the discussion underscores the importance of long-term investment horizons and the potential for significant returns when investing early in promising technologies. • Throughout the episode, our hosts tie the conversation back to the importance of strategic economic decisions and the far-reaching impacts of policy moves in global trade. They also sprinkle in investment wisdom, as seen in the story of Will.i.am's savvy investment in Tesla, making for a well-rounded analysis of the current events shaping the market. • *Join the conversation:* • Don’t miss this insightful discussion on the interplay between international trade policies and market dynamics. Subscribe to Market Mondays for more in-depth analysis and financial wisdom. • *Hashtags:* • #MarketMondays #CanadaTariffs #EVMarket #TeslaInvestment #GlobalTrade #ElectricVehicles #Investing #FinancePodcast #InternationalRelations #EconomicPolicy • --- • Learn about the implications of Canada's 100% tariff on Chinese-made electric vehicles and how it impacts global trade and the auto industry. Tune in for expert insights and investment stories that shape the market.
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