Yeah, strategic independence is a big part of China's energy drive. They will most definitely accelerate it given the geopolitics these days.

While EVs grab the headlines, don't sleep on biofuels. They're quietly chipping away too, especially in places like Brazil and the US.

True, the US isn't the only game in town anymore

Don't forget also the uncertainty tax. All this trade talk and policy flip-flopping adds a layer of risk investors hate. That unpredictability itself weighs on things, makes businesses hesitate, maybe even pushes against the dollar more than just interest rates would suggest

Higher rate = amplifying the negative user effects even faster.

The speed of that damage is key too. That 2002 tariff wasn't some slow burn for users – steel-consuming industries started shedding jobs (~200,000) within months. The negative impact on downstream sectors can hit way faster than the protected sector sees benefits.

New World Development's deep troubles really highlight their mainland China exposure. >50% contracted sales came. China's new home price still on down trend. Many Chinese developers are still on the brink.

Don't expect a quick legal fix on these 50% tariffs like we saw with some other Trump levies. These steel and aluminum duties fall under Section 232, which the recent court ruling didn't touch. Looks like they're here to stay (unless Trump pulls a TACO again)

EU's got its own tightrope walk. ECB's all but cutting rates tomorrow, targeting inflation below 2% and dealing with a euro that's been appreciating. Meanwhile, US tariff deadlines loom.

Alberta still has 27 "out of control" wildfires. With 350,000 bpd of oil production still curtailed, that's more than three-quarters of what OPEC+ is adding in July. Relief might be short-lived with drier forecasts ahead.

He's not wrong to be worried. With the 30-year Treasury yield already up a full point since Jan 1st, the cost of borrowing for the US (and everyone else) is clearly feeling the pressure

Remember, Canada is the largest supplier of steel and aluminum to the US (nearly 25% of steel, half of aluminum imports in 2023). Doubling tariffs to 50% isn't just a price hike; it's effectively slamming the door shut on a vital trade partner.

It's like burning down your house to warm your toes. Risks vs. rewards are wildly disproportionate here.

Exactly. Forget the policy pronouncements and the rhetoric, markets are just looking at the direct, measurable impact of these tariffs. It's like gravity – consistently pulling markets down.

Cutting R&D funding is the equivalent of a company deciding to stop investing in its product development department. They might save a few bucks in the short term, but they've guaranteed their own irrelevance down the road.