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Showing posts from June, 2018

TARIFFS - FOR THE LAYPERSON

On March 8, 2018, President Donald Trump imposed tariffs of 25% on imports of steel and 10% on imports of aluminium, but made an exception for Canada and Mexico. This exception was removed effective May 31, and  all imports of steel and aluminium from Canada  became subject to these tariffs. On June 15, 2018, President Trump approved a plan to impose 25% tariffs on imports of goods from  China , worth approximately $35 to $40 billion. He has also  threatened  to impose tariffs on imports of automobiles and auto parts into the US from Canada and other countries. So what exactly are tariffs? And what does President Trump intend to achieve? Finally, what is Canada's plan to retaliate? In simple terms, tariffs are taxes levied on products entering a country from a foreign country. So the US government will charge 25% tax on any steel entering US from Canada. For example, if steel made in Hamilton, ON was originally sold for $600/tonne, the producer will have to pay $150/tonne to

FAREWELL RAMADAN - SAD TO SEE YOU LEAVE

As we enter the last day of Ramadan, I look back at the month that has gone by with nostalgia. Colleagues and friends from other faiths often remark on how it must be a relief to finally get back to eating. Quite the contrary.  Relief is the last thing on my mind. I look back at some of the lessons I learned during the past 30 days.  Feel free to add any additional ones in comments section.  1) Ramadan taught me GRATITUDE . Indulging in the little luxuries of life – the morning tea, the 12 pm lunch, the afternoon latte - these comforts we take for granted are enormous blessings that we will be asked about. Do we appreciate what we have? Or do we look up to those that have more and constantly grump and complain?    2) Ramadan taught me EMPATHY . When I felt the pangs of hunger at lunch, or had parched lips late in the day, I could look forward to a nice meal to partake in at sunset. There are many thousands, nay millions, of people across the world who do not know where their