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UBS On-Air: Paul Donovan Daily Audio 'The ?Heated Rivalry? threat'
Published 1 month, 2 weeks ago
Description
US President Trump?s social media accounts published an attack on Canada, threatening to block the opening of a US-Canada bridge (named after a Canadian hockey player), and suggesting a Canada-China trade deal would end the playing of ice hockey in Canada. This seems an unlikely outcome in the post-?Heated Rivalry? environment. Despite the tone of the statements, markets are likely to discount this rhetoric (tariffs on US importers of goods from Iranian trading partners, 100% tariffs on US importers of Canadian goods, and 50% tariffs on US importers of Canadian aircraft have yet to materialize).