Do you find oil values like $OXY (+0,65 %) and $CNQ (+0,23 %) currently interesting for an additional purchase?
I deliberately mentioned them because I am considering buying more :)
vg
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7Do you find oil values like $OXY (+0,65 %) and $CNQ (+0,23 %) currently interesting for an additional purchase?
I deliberately mentioned them because I am considering buying more :)
vg
I don't see it clearly I sell with losses$UNH (+0,21 %) ... with the fall of oil I will rotate to pretolers with low PERs and focus on dividends $FANG (+1,16 %)
$REP (-0,76 %)
$CNQ (+0,23 %)
$XOM (+0,23 %)
$CVX (+0,96 %) If things get ugly even with a recession, I think it can protect oil🫤🛢️
After I wrote in the first post about the consequences of the announced and effective tariffs of the USA... there are now some concrete answers from the affected countries, especially from Canada.
It's hard to keep up with all the news 👀
In this post, I go into more detail about the possible consequences for the EU, especially for the automotive sector.
"1st post from this morning" can be read again here: https://getqu.in/oj1JRH/
Trump's new tariffs: Recap
Since February 1, 2025, the US government and Donald Trump have imposed new import tariffs on Mexico, Canada and China:
Canada: A tough counterattack
However, this last step in particular would be a double-edged sword, as Canada is heavily dependent on energy cooperation with the USA.
Now it's getting concrete:
Canada's Prime Minister Justin Trudeau announced at a press conference in the evening Canadian time that tariffs of 25 percent will also be introduced on US goods from Tuesday next week 🔄 [2].
The tariffs planned by Canada are intended for US goods with a total value of 155 billion dollars.
The Canadian government is also considering measures in other areas, such as trade in critical minerals.
Further effects on companies:
Particularly affected: (automotive, energy, raw materials, agriculture)
German car manufacturers used Canada as a production and export location
Canadian oil and gas producers sell large quantities to the US, higher tariffs could make exports less attractive and squeeze profits.
Fertilizer producers are heavily dependent on US exports, higher costs and a competitive disadvantage compared to US competitors represent a potential risk.
Mexico: The USA punishes its most important trading partner
Counter-tariffs possible: President Claudia Sheinbaum has announced corresponding measures and instructed her Secretary of Commerce to implement a plan that considers counter-tariffs [2]. - We can be curious.
Mexico's dependence on the USA:
Trump uses tariffs as political leverage:
Impact on European companies: (again the car manufacturers 👀)
China: a further burden for an ailing economy
Consequences for China:
Indirect effects on Europe:
Chinese manufacturers such as BYD $1211 (-4,14 %) could be forced to develop alternative markets and push even harder into Europe.
Furthermore:
Is the EU facing the same fate?
Trump has already indicated that the EU must also fear tariffs.
Possible measures:
Possible reaction of the EU:
Conclusion: Trade war 2.0?
Trump is once again focusing on confrontation and using tariffs as economic and political leverage. The countries affected are fighting back, which increases the risk of a global trade war.
The consequences are far-reaching:
USA: Higher prices for consumers, relocation of production to the domestic market possible.
China: Further economic pressure, stronger focus on Europe as a sales market.
Mexico & Canada: Massive burden on the economy & industry, relocation of production conceivable.
Europe: German car manufacturers under pressure, possible US tariffs on European products.
I'm in the mood... Thanks for reading, I've had enough now! 🤝
__________
Main sources:
[1] https://www.tagesschau.de/ausland/amerika/usa-trump-strafzoelle-100.html
[2] https://de.finance.yahoo.com/nachrichten/roundup-kanada-mexiko-china-kontern-083517258.html
$CNQ (+0,23 %) Thanks to TR I was a bit surprised, as today-47% daily performance.
But now comes the note: "Please note...stock split, error in performance calculation"
Wanted to share my portfolio with you. Been investing since May 2020. 25 years old, full-time job and I buy and sell cars from time to time. Have a mix of growth stocks and dividend stocks. This year I will invest more outside the US to reduce the US share a bit. I will mainly $D6H (+0,27 %)
$YSN (-0,1 %) buy more. New additions will be: $WKL (+0,84 %)
$1913 (+0,95 %)
$CNQ (+0,23 %) After all the purchases have been made, I will increase all positions below 1k.