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Nexperia chip exports from China that affects carmakers suppliers in Canada US Europe including Honda and Bosch 2025. Honda cut its production including in Canadian plants with Nexperia chips shortages. The agreement reached at the APEC summit between Xi and DJT calls for release of China's restrictions on chips exports by blacklisted Chinese entities including parent ot Nexperia. Nexperia is aSino Dutch maker of chips for automobiles that was taken over by the Dutch government in 2025. 

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The Biodiversity Summit COP15 in Montreal in December is covered in this report in the Guardian. It was meant to be held in Kunming, China but was shifted to Montreal, Canada, because of China's zero Covid policy. China, US, EU, India and other Asian, African, Latin American nations are strong supporters of restoring biodiversity on the planet.

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The USMCA agreement negotiated by president Trump between the U.S. Canada and Mexico that replaces NAFTA, win support from Republicans and Democrats in the U.S. Congress. Democrats pushing for Trump's impeachment have decided to still support passage of the USMCA, handing president Trump a victory, as they see it giving a positive benefit to U.S. workers.

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The Liberal Party is falling behind the Conservatives by double digits because of cost of living and housing concerns. Mr. Trudeau's popularity is dimming. His government is a minority government that depends on the New Democrats for key votes in parliament. Mr. Trudeau talks about personal sacrifices on this job. Canada will elect a new government in 2025.

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Automakers will have to ensure that 40 to 45% of a car's content is made by workers in the U.S. earning at least $16 per hour. If this is not met automakers pay a 2.5% tariff for cars brought in from Mexico. Mexico makes 2.3 million cars and Canada 1.8 million. Automakers invested tens of billions of dollars in Mexico turning it into a lower cost export hub. This has led to job loss in the U.S. Mr. Trump's efforts in the new trade deal with Mexico are designed to increase investment in the U.S. auto industry.

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A sharp drop of over 6 points. 57.9 in March 2025 from 64.7 in Feb. the University of Michigan's index of consumer sentiment shows the effects of the uncertainty generated in tackling fentanyl flows by imposing tariffs on CMC countries Canada, Mexico and China. And the result of the uncertainty from reciprocal tariffs imposed to correct the loss of manufacturing in the US as a result of unfair trade by China, EU, Canada and Mexico. Some of this comes from the unfair coverage in the press and internet that these tariffs are economic tariffs to gain advantage when they are designed to correct huge trade imbalances that other countries had no incentive to correct when previous administrations, corporations and America's Ivy League economists- stuck to textbook economics divorced from reality- turned their back on the workers and communities in the Nation whose communities were destroyed with the loss of factories and plants shipped overseas. ...

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Greg Ip of the WSJ cautions about thinking that the GDP growth of 3% is likely to be achieved with the Trump plan for a corporate tax rate of 15%. He says evidence from Britain and Canada- Britain reducing the tax rate from 30% in 2007 to 19% today, and Canada from 28% in 2000 to 21% in 2004- is disappointing. In Britain the increase in GDP averaged about 0.1% a year. Business investment increases with cut in corporate taxes, and the U.S. corporate tax rate is higher than other advanced countries such as Germany, yet GDP growth includes other factors, such as the business cycle, demographics, productivity growth, aging, technology, regulation, says Ip. It is better if the tax cuts are spread broadly over the population, and tax cuts are offset to a greater extent by savings in other areas, and that tax cuts promote productivity boosting investment, to create enough of a surge in growth above 2%.

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Royal Bank of Canada acquired Centura Banks Inc. -a regional lender based in N. Carolina- in 2001 for $2.3 billion. It then made a number of acquisitions including $1.6 billion for Alabama National Bancorp in 2008. The U.S. branch network is fragmented with no major presence in big cities. RBC also failed to integrate the U.S. operations after the acquisitions. This approach hurt RBC because the strong risk management in the Canadian operations was not applied in the U.S. The result is a large number of nonperforming loans. In the 1st quarter 2011, RBC reported this was 6.8% of total assets. In 2009 Royal Bank of Canada took a 1 billion Canadian dollar writedown on the U.S. business RBC Bank. Now the operations are being put up for sale.

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Trump takes action against Mexico, China and Canada for illegal flows of fentanyl and migrants across US borders. It is specific targeted and excludes EU, India, Japan, South Korea trading partners. For a decade some countries acted with impunity and American leaders did not respond to protect the people from illegal flows across borders. This action did not come in the first DJT term in 2016-2020 though tariffs were placed. Free trade has to be clean trade where such illegal flows are not in the picture or acceptable.

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The U.S. Australia, China, India, Canada Britain, Sweden and other countries in Europe have growing trade and other tensions with China. Gradually a new situation is evolving for world trade as each country looks at its own interests in the trading relationship with China.

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Trench candles are keeping Ukraine soldiers warm this winter on the front and in trenches. A can tightly filled with cardboard is what a trench candle is. If it is lit 1-2 hours before going to sleep at night it can generate a surprising amount of warmth. Warm clothing is being sent from many countries including Canada and the US to Ukraine soldiers.

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DJT and Treasury's Scott Bessent taking a "call" not a "put" on the economy March 2025. Tariffs as short term bargaining chip, primarily domestic policy on CMC (Canada, Mexico and China) tolerance for fentanyl flows into the US. Taking fentanyl, drug trafficking, and migrant trafficking out of the Nation, will revive the spirit of America's neighborhoods across America's vast landscape. It is incumbent on CMC countries, Canada, Mexico and China, to stop fentanyl flows into the US across their borders that have caused hundreds of thousands of American deaths. Tariffs are a last resort for America to get action and save America's neighborhoods from this scourge. Investment in the US manufacturing in the private sector as the long term policies shape the economy, the cutting of waste in spending, have the potential of reviving the economy and leading a second stage of growth led now by the private sector investment after the government led spending under the Biden administration on restoring American infrastructure. ...

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Stephen Harper's Conservative party won 167 of the 308 seats in Canada's House of Commons, the NDP won 102 seats, the Liberals 34 seats and the Bloc Quebecois 2 seats. Harper gave indications of how he would govern by saying that he would stay on the same path the Conservatives followed when they were a minority party. He said there would be no changes to Canada's public health care system. He told a news conference in Calgary, Alberta: "Even as a majority you have to, on an ongoing basis, keep the trust of the population." The Conservatives won only 40% of the popular vote, and this may be a reason for the caution in making major changes. The Conservatives maintained their base in western Canada, and gained seats in Ontario. The gains in and around Toronto, came because the left-of-center vote was split between the Liberals and the NDP. Experts say Harper will shut down a disputed registry for rifles, end direct government subsidies of political parties, and maintain scheduled corporate tax cuts. The Conservative government is also expected not take any significant steps to cut greenhouse gas emissions that are opposed by the oil and gas industries in western Canada. ...

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A law that is in the Must Have category for Parents, School teachers and Educated Children in the US, Canada, Britain and India, finally gets passed in Australia. Of huge benefit to Australian Parents and School Teachers- after December 10 2025 social media Meta Tik Tok and You Tube are required to remove all under 16 accounts. Chinese children and school teachers, parents have the benefit of such laws regulating the use of social media which in the current climate of license, of leaving childrens, parents and school teachers to fend for themselves, leaving young girls to fend for themselves, has not happened in other nations.

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Denmark's efforts backfire on Greenland. EU leaders have failed to separate Denmark's actions as a former colonial power in which it acquired Greenland in the Treaty of Kiel 1813 with Sweden and England during the Napoleonic Wars. And EU leaders have bought into Danish views designed to maintain control of Greenland that talk of the tribal population of about 50,000 over an island the size of Canada- smaller than would fit into a baseball stadium- that is largely unpopulated because of the sheet of ice all year round in the Arctic region. Much of the North of Greenland was first explored by the US Navy under Admiral Perry in the 1890's. Denmark has done little to develop the island or improve lives for the native Inuit. Secretary of State Seward wanted Greenland during the Alaska Purchase 1867 and it was sought by the US in 1900's, again in 1947 for $100 million by US president Harry Truman. It is "unwise" as Secretary Bessent has said for EU leaders to accept the canard that this is somehow just DJT's idea, and ignore it is essential for US security, it is part of the Western Hemisphere to which the Monroe Doctrine applies, and climate change melting ice has made it critical for US policy to address this gap in US security for the eastern seaboard of the US. For Denmark it is as the US commmanders in chief stated in 1947- "completely useless." ...

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Latin America becomes a major hotspot with deaths exceeding that in the U.S. and Canada. Calls for a lockdown of Colombia's capital Bogota. Mexico sees a surge in cases and Brazil's cases pass 2 million. California retrenches opening after a surge in cases. 

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After years of running budget deficits, Canada under the Conservatives worked hard to balance its budget. The Conservatives under Stephen Harper did not accept the need for large stimulus spending, as a result his government almost lost its second term in a parliamentary vote that did not happen because the governor general closed Parliament for 7 weeks. Now it has come up with a stimulus plan of $40 billion in Canadian dollars of tax breaks and new spending. Most of the money will go to maintaining roads, railways and ports and in encouraging home improvements. The government is also adding C$50 billion to its C$75 billion fund to buy mortgage-backed securities.

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The World Cup Soccer 2026 will take place in 16 cities in US, Mexico, Canada. It starts June 19 at the Azteca Stadium in Mexico City. The last time it was plaed in the US was 1994. The final game will be played at the MetLife Stadium 82,000 seat in East Rutherford, New Jersey, built in 2010. It will be played all over the US most in Dallas, in Toronto, Vancouver, Mexico City, Monterrey and Guadalajara.

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Paul Krugman says in the long run Brexit is not catastrophic for Britain with a loss of 2-4% of GDP and affecting incomes. He compares it to Canada and the U.S. before the North American trade agreement, Canada's economy still functioned decently.  The problem is more in the short run as no border infrastructure is in place and this is where a bigger hit is feared in the disruption of the flow of goods.

Krugman also cautions people in the European Union who do not see the impact on the EU even though it is relatively smaller than the larger impact on Britain.