Скачать или смотреть Canadians feel betrayed by U.S. tariffs, says Haney

Canadians feel betrayed by the U.S and Donald Trump after the President slapped a 25 percent tariff on imports for its northern neighbour and long-time partner in trade and defence of democracy.

That was RealAg Radio host Shaun Haney's take on U.S. tariffs announced on Saturday when he joined Monday morning's Market Day Report panel on RFD-TV. The announced tariffs would also include 25 per cent on imports from Mexico and 10 per cent on China,

Haney was joined by Nesvick Trading Group's Tommy Grisafi and commodity broker Chris Swift from Swift Trading Company to discuss what the a trade war could mean for Canada, the U.S. and Mexico. Haney noted that both Prime Minister Justin Trudeau and Conservative leader Pierre Poilievre struck a similar chord following the announcement — both disheartened by Canada being cast as a trade enemy, and the dismissal of the two countries' long collaborative history.

Later on Monday, President Trump and his U.S. administration announced a delay in the implementation of tariffs on Canada that were to take effect February 4 by at least 30 days.

On Market Day Report, Haney noted that when it comes to tariffs, Canada will have to get over its victim mentality and move forward. He emphasized that Canada has significant leverage it can apply to many sectors of the U.S. economy, including agriculture. He noted that 30 percent of U.S. ethanol production is exported to Canada and there's a high likelihood that ethanol could be a future target for an import tariff.

Haney also pointed out that 87 per cent of the potash used by U.S. midwest farmers comes from Saskatchewan, and the U.S. fertilizer industry has been busy lobbying for a tariff exemption so product can move to farmers without a tariff hit.
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