Jacob Lorinc
@jacoblorinc.bsky.social
Bloomberg News reporter covering mining and the global rush for critical minerals. jlorinc@bloomberg.net. 📩 💎
Reposted by Jacob Lorinc
Very informative CBC Podcast: Is Trump Coming for Canada’s Critical Minerals?
With @jacoblorinc.bsky.social
www.cbc.ca/listen/cbc-p...
With @jacoblorinc.bsky.social
www.cbc.ca/listen/cbc-p...
Is Trump coming for Canada’s critical minerals? | Front Burner | CBC Podcasts | CBC Listen
It can be hard to truly understand the motivations behind Donald Trump and his administration. But when looking at some of the countries that have found themselves in his crosshairs, there’s a through...
www.cbc.ca
February 22, 2025 at 1:06 PM
Very informative CBC Podcast: Is Trump Coming for Canada’s Critical Minerals?
With @jacoblorinc.bsky.social
www.cbc.ca/listen/cbc-p...
With @jacoblorinc.bsky.social
www.cbc.ca/listen/cbc-p...
Reposted by Jacob Lorinc
The leader of Ontario, Canada’s largest province: “We’ll be ripping up the province’s contract with Starlink. Ontario won’t do business with people hellbent on destroying our economy.”
February 3, 2025 at 1:13 PM
The leader of Ontario, Canada’s largest province: “We’ll be ripping up the province’s contract with Starlink. Ontario won’t do business with people hellbent on destroying our economy.”
Reposted by Jacob Lorinc
Trudeau announces Canada plans a massive retaliation package of 25% tariffs against $155 billion of US imports. To start, tariffs on $30 billion of US imports to take effect Tuesday. Tariffs on another $125 billion in 21 days. (Figures in CAD)
February 2, 2025 at 2:22 AM
Trudeau announces Canada plans a massive retaliation package of 25% tariffs against $155 billion of US imports. To start, tariffs on $30 billion of US imports to take effect Tuesday. Tariffs on another $125 billion in 21 days. (Figures in CAD)
Reposted by Jacob Lorinc
Tariffs on steel and aluminum are all but certain to push up costs:
Steel imports account for about 13% of US demand, per US trade data, with most foreign imports coming from Canada, Mexico, Brazil.
Aluminum imports account for 44% of US demand. And Canada is by far the largest importer. 🏭
Steel imports account for about 13% of US demand, per US trade data, with most foreign imports coming from Canada, Mexico, Brazil.
Aluminum imports account for 44% of US demand. And Canada is by far the largest importer. 🏭
February 1, 2025 at 5:56 PM
Tariffs on steel and aluminum are all but certain to push up costs:
Steel imports account for about 13% of US demand, per US trade data, with most foreign imports coming from Canada, Mexico, Brazil.
Aluminum imports account for 44% of US demand. And Canada is by far the largest importer. 🏭
Steel imports account for about 13% of US demand, per US trade data, with most foreign imports coming from Canada, Mexico, Brazil.
Aluminum imports account for 44% of US demand. And Canada is by far the largest importer. 🏭
Reposted by Jacob Lorinc
"Why are tariffs on Canada and Mexico different than (some) other tariffs? Consider this graph courtesy of Bloomberg via Torsten Slok" (but actually from me & @AlfredCObregon) https://buff.ly/42xOkvp
February 1, 2025 at 5:53 PM
"Why are tariffs on Canada and Mexico different than (some) other tariffs? Consider this graph courtesy of Bloomberg via Torsten Slok" (but actually from me & @AlfredCObregon) https://buff.ly/42xOkvp
Tariffs on steel and aluminum are all but certain to push up costs:
Steel imports account for about 13% of US demand, per US trade data, with most foreign imports coming from Canada, Mexico, Brazil.
Aluminum imports account for 44% of US demand. And Canada is by far the largest importer. 🏭
Steel imports account for about 13% of US demand, per US trade data, with most foreign imports coming from Canada, Mexico, Brazil.
Aluminum imports account for 44% of US demand. And Canada is by far the largest importer. 🏭
February 1, 2025 at 5:56 PM
Tariffs on steel and aluminum are all but certain to push up costs:
Steel imports account for about 13% of US demand, per US trade data, with most foreign imports coming from Canada, Mexico, Brazil.
Aluminum imports account for 44% of US demand. And Canada is by far the largest importer. 🏭
Steel imports account for about 13% of US demand, per US trade data, with most foreign imports coming from Canada, Mexico, Brazil.
Aluminum imports account for 44% of US demand. And Canada is by far the largest importer. 🏭
Trump's pick for commerce secretary hones in on Canada's dairy industry in today's confirmation meeting — foreshadowing to trade negotiations:
January 29, 2025 at 6:20 PM
Trump's pick for commerce secretary hones in on Canada's dairy industry in today's confirmation meeting — foreshadowing to trade negotiations:
Reposted by Jacob Lorinc
A reversal: Chrystia Freeland won't go ahead with the capital gains tax increase if she wins the Liberal Party leadership and becomes prime minister, sources say. Our story here:
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
Freeland to Scrap Canada’s Capital Gains Hike If She’s Elected
Chrystia Freeland would drop the Canadian government’s policy of raising the capital gains inclusion rate if she wins the race to replace Justin Trudeau as prime minister, according to a person with k...
www.bloomberg.com
January 22, 2025 at 7:12 PM
A reversal: Chrystia Freeland won't go ahead with the capital gains tax increase if she wins the Liberal Party leadership and becomes prime minister, sources say. Our story here:
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
Reposted by Jacob Lorinc
“As the election drew closer, more politicians and pundits were invited onto the podcasts and livestreams...By the time Trump made the rounds on the shows, the audience was primed to take action in the election.” www.bloomberg.com/graphics/202...
How Popular YouTubers Pushed Young Male Voters Toward Trump
How podcasters like Joe Rogan and Logan Paul turned young men, a once apolitical demographic, into a massively powerful voting bloc
www.bloomberg.com
January 22, 2025 at 3:33 PM
“As the election drew closer, more politicians and pundits were invited onto the podcasts and livestreams...By the time Trump made the rounds on the shows, the audience was primed to take action in the election.” www.bloomberg.com/graphics/202...
Reposted by Jacob Lorinc
🤯 HUGE
Vibe shifting so fast, grab on now—gonna be a wild ride.
“President of the Union of BC Indian Chiefs is reversing his previous opposition to the scrapped Northern Gateway pipeline … to the Pacific Ocean.”
“if we don't build that kind of infrastructure, Trump will”
Vibe shifting so fast, grab on now—gonna be a wild ride.
“President of the Union of BC Indian Chiefs is reversing his previous opposition to the scrapped Northern Gateway pipeline … to the Pacific Ocean.”
“if we don't build that kind of infrastructure, Trump will”
January 21, 2025 at 11:49 PM
🤯 HUGE
Vibe shifting so fast, grab on now—gonna be a wild ride.
“President of the Union of BC Indian Chiefs is reversing his previous opposition to the scrapped Northern Gateway pipeline … to the Pacific Ocean.”
“if we don't build that kind of infrastructure, Trump will”
Vibe shifting so fast, grab on now—gonna be a wild ride.
“President of the Union of BC Indian Chiefs is reversing his previous opposition to the scrapped Northern Gateway pipeline … to the Pacific Ocean.”
“if we don't build that kind of infrastructure, Trump will”
Reposted by Jacob Lorinc
Trump is going to do lots of stuff today, but it doesn't look like hitting Canada with tariffs is going to be one of them.
This is a big, if possibly temporary, reprieve for Canada's oil sector. Producers shares are up today, even as crude is down.
www.bloomberg.com/news/article...
This is a big, if possibly temporary, reprieve for Canada's oil sector. Producers shares are up today, even as crude is down.
www.bloomberg.com/news/article...
Trump to Hold Off on Immediate China-Targeted Tariffs
President-elect Donald Trump will not unveil China-specific tariffs on his first day in office, as the incoming administration starts with potential engagement with Beijing rather than another trade w...
www.bloomberg.com
January 20, 2025 at 3:23 PM
Trump is going to do lots of stuff today, but it doesn't look like hitting Canada with tariffs is going to be one of them.
This is a big, if possibly temporary, reprieve for Canada's oil sector. Producers shares are up today, even as crude is down.
www.bloomberg.com/news/article...
This is a big, if possibly temporary, reprieve for Canada's oil sector. Producers shares are up today, even as crude is down.
www.bloomberg.com/news/article...
The loonie pops on reports that Trump is, for now, holding off on immediate orders for tariffs.
January 20, 2025 at 3:33 PM
The loonie pops on reports that Trump is, for now, holding off on immediate orders for tariffs.
Nothing is off the table when it comes to potential Canadian trade retaliation, including export taxes, Canada's Natural Resources Minister Jonathan Wilkinson tells @brianplatt.bsky.social in an interview today.
Canada is already weighing export taxes on oil and uranium if Trump imposes tariffs.
Canada is already weighing export taxes on oil and uranium if Trump imposes tariffs.
Trump claim that the US doesn't need anything Canada produces is "simply false," said Energy Minister Jonathan Wilkinson. When asked about Canada's trade retaliation options such as export taxes on oil, he said: "I don’t think anything’s off the table." www.bloomberg.com/news/article...
Canada Energy Minister Warns Trump Against an Oil Trade War
Donald Trump’s claim that the US doesn’t need anything from Canada is “simply false,” said Jonathan Wilkinson, Canada’s energy minister and a potential candidate in the contest to replace Justin Trude...
www.bloomberg.com
January 8, 2025 at 8:48 PM
Nothing is off the table when it comes to potential Canadian trade retaliation, including export taxes, Canada's Natural Resources Minister Jonathan Wilkinson tells @brianplatt.bsky.social in an interview today.
Canada is already weighing export taxes on oil and uranium if Trump imposes tariffs.
Canada is already weighing export taxes on oil and uranium if Trump imposes tariffs.
Reposted by Jacob Lorinc
"The owner of America's only cobalt mine is delisting its shares & going private after the price of the battery metal collapsed.
"A testament to the challenges of loosening China's grip on these metals." -- @jacoblorinc.bsky.social
"A testament to the challenges of loosening China's grip on these metals." -- @jacoblorinc.bsky.social
January 2, 2025 at 7:06 PM
"The owner of America's only cobalt mine is delisting its shares & going private after the price of the battery metal collapsed.
"A testament to the challenges of loosening China's grip on these metals." -- @jacoblorinc.bsky.social
"A testament to the challenges of loosening China's grip on these metals." -- @jacoblorinc.bsky.social
Reposted by Jacob Lorinc
Canada is examining the use of export taxes on major commodities it exports to the US — including uranium and oil — if Trump carries out his threat to impose broad tariffs. The move would drive up costs for American consumers. Story by @brianplatt.bsky.social
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
Canada Weighs Export Taxes on Uranium, Oil If Trump Starts Trade War
Canada is examining the use of export taxes on major commodities it exports to the US — including uranium, oil and potash — if incoming President Donald Trump carries out his threat to impose broad ta...
www.bloomberg.com
December 12, 2024 at 7:43 PM
Canada is examining the use of export taxes on major commodities it exports to the US — including uranium and oil — if Trump carries out his threat to impose broad tariffs. The move would drive up costs for American consumers. Story by @brianplatt.bsky.social
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
Scoop: Newmont, the biggest gold mining company, has let go of nearly a dozen senior managers in a major corporate overhaul. The firm posted lousy earnings in October that saw shares plummet despite the surging price of gold.
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
Newmont Cuts Management Jobs in Major Corporate Restructuring
Newmont Corp. let go of nearly a dozen managers, including a member of its executive team, as part of a sweeping corporate overhaul, according to people familiar with the matter.
www.bloomberg.com
December 9, 2024 at 6:49 PM
Scoop: Newmont, the biggest gold mining company, has let go of nearly a dozen senior managers in a major corporate overhaul. The firm posted lousy earnings in October that saw shares plummet despite the surging price of gold.
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
(Bloomberg) -- Mali’s military-controlled government has issued an arrest warrant for money laundering against Canada's Barrick Gold CEO Mark Bristow amid an escalating dispute over mine revenues.
December 5, 2024 at 4:37 PM
(Bloomberg) -- Mali’s military-controlled government has issued an arrest warrant for money laundering against Canada's Barrick Gold CEO Mark Bristow amid an escalating dispute over mine revenues.
Evidence of my business reporter credentials
December 4, 2024 at 4:48 PM
Evidence of my business reporter credentials
Reposted by Jacob Lorinc
New Chinese mineral export controls prompt Canadian miners to promote their importance to the US, as Trump threatens tariffs
* More than half of Canada's $57b mineral exports in 2022 were destined for the US
* Teck looking to boost output of germanium, which has hi-tech security applications
* More than half of Canada's $57b mineral exports in 2022 were destined for the US
* Teck looking to boost output of germanium, which has hi-tech security applications
China bans exports of rare-but-crucial metals like germanium and gallium to the US (used in tech & military defense).
All this material will become even harder for the US to access should it impose tariffs on Canada, the other big producer of metal like germanium.
www.bloomberg.com/news/article...
All this material will become even harder for the US to access should it impose tariffs on Canada, the other big producer of metal like germanium.
www.bloomberg.com/news/article...
China Dials Up US Trade Tension With Tit-for-Tat Metals Ban
China ratcheted up trade tensions with the US with a ban on several materials with high-tech and military applications, in a tit-for-tat move after President Joe Biden’s government escalated technolog...
www.bloomberg.com
December 3, 2024 at 10:46 PM
New Chinese mineral export controls prompt Canadian miners to promote their importance to the US, as Trump threatens tariffs
* More than half of Canada's $57b mineral exports in 2022 were destined for the US
* Teck looking to boost output of germanium, which has hi-tech security applications
* More than half of Canada's $57b mineral exports in 2022 were destined for the US
* Teck looking to boost output of germanium, which has hi-tech security applications
Reposted by Jacob Lorinc
Canadian miners are pushing back on Trump's tariff proposal, arguing that China’s move to ban exports of rare metals to the US underscores the need for trade cooperation between the North American neighbors. Story by @jacoblorinc.bsky.social
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
Canada Mining Group Uses China Ban to Push Back on Trump Tariffs
China’s move to ban exports of rare metals to the US underscores the need for trade cooperation between mineral-rich Canada and its southern neighbor.
www.bloomberg.com
December 3, 2024 at 10:29 PM
Canadian miners are pushing back on Trump's tariff proposal, arguing that China’s move to ban exports of rare metals to the US underscores the need for trade cooperation between the North American neighbors. Story by @jacoblorinc.bsky.social
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
China bans exports of rare-but-crucial metals like germanium and gallium to the US (used in tech & military defense).
All this material will become even harder for the US to access should it impose tariffs on Canada, the other big producer of metal like germanium.
www.bloomberg.com/news/article...
All this material will become even harder for the US to access should it impose tariffs on Canada, the other big producer of metal like germanium.
www.bloomberg.com/news/article...
China Dials Up US Trade Tension With Tit-for-Tat Metals Ban
China ratcheted up trade tensions with the US with a ban on several materials with high-tech and military applications, in a tit-for-tat move after President Joe Biden’s government escalated technolog...
www.bloomberg.com
December 3, 2024 at 9:37 PM
China bans exports of rare-but-crucial metals like germanium and gallium to the US (used in tech & military defense).
All this material will become even harder for the US to access should it impose tariffs on Canada, the other big producer of metal like germanium.
www.bloomberg.com/news/article...
All this material will become even harder for the US to access should it impose tariffs on Canada, the other big producer of metal like germanium.
www.bloomberg.com/news/article...
Reposted by Jacob Lorinc
What Donald Trump’s tariff promises might really turn out to be in delivery.
My @bloomberglp.bsky.social colleagues and I came up with a plausible scenario:
www.bloomberg.com/news/feature...
My @bloomberglp.bsky.social colleagues and I came up with a plausible scenario:
www.bloomberg.com/news/feature...
A Roadmap Through the Drama and Realities of Trump’s Trade War
Trump’s tariffs could go in many different directions. Understanding the strategy from his first term, and the priorities of his new team, reveals a potential path ahead.
www.bloomberg.com
December 2, 2024 at 11:46 AM
What Donald Trump’s tariff promises might really turn out to be in delivery.
My @bloomberglp.bsky.social colleagues and I came up with a plausible scenario:
www.bloomberg.com/news/feature...
My @bloomberglp.bsky.social colleagues and I came up with a plausible scenario:
www.bloomberg.com/news/feature...
Reposted by Jacob Lorinc
Trump, while campaigning, swore he had “nothing to do with” the right-wing policy blueprint, Project 2025.
Now architects of the plan are overseeing key issues for him, including the federal budget, intelligence gathering and his promised plans for mass deportations.
www.nytimes.com/2024/11/29/u...
Now architects of the plan are overseeing key issues for him, including the federal budget, intelligence gathering and his promised plans for mass deportations.
www.nytimes.com/2024/11/29/u...
Trump Disavowed Project 2025 During the Campaign. Not Anymore.
President-elect Donald J. Trump has filled his administration with people who have ties to the right-wing manifesto.
www.nytimes.com
November 29, 2024 at 7:02 PM
Trump, while campaigning, swore he had “nothing to do with” the right-wing policy blueprint, Project 2025.
Now architects of the plan are overseeing key issues for him, including the federal budget, intelligence gathering and his promised plans for mass deportations.
www.nytimes.com/2024/11/29/u...
Now architects of the plan are overseeing key issues for him, including the federal budget, intelligence gathering and his promised plans for mass deportations.
www.nytimes.com/2024/11/29/u...
Canada's exports to the US. Safe to expect the price at the pumps to rise with sky-high tariffs:
November 26, 2024 at 2:14 AM
Canada's exports to the US. Safe to expect the price at the pumps to rise with sky-high tariffs: