Founder, Market Thinker

Mark Tinker

Mark Tinker has over 35 years experience as an investor, market strategist and economist. Having spent more than 20 years as a sell side strategist and being top rated on numerous occasions and surveys he moved to investment management in 2006 to run global equity portfolios in London and subsequently moved to Hong Kong in 2013 to help establish an Investment Management business for a top 20 international asset manager. He first started writing investment weeklies for his employers in 1989, developing a style characterised under the title Market Thinking and has been a regular commentator and presenter on CNBC, Bloomberg and other business channels, where his approach of rationalising market behaviour rather than making short term predictions on high frequency market data provides a welcome balance to his client audience.

Founder

Market Thinker

Making Sense of the Narrative

Macroeconomics

<ul><li>Total Imports to the US from Canada were around $420bn in 2024, so as a rough approximation the 25% tariff will generate around $90bn of revenue for the External Revenue Service, which importantly goes straight to the Treasury. (Energy is only tariffed at 10%).</li><li>Within that $420bn, raw materials such as Oil and Gas, Iron and Steel, Wood and Aluminium account for around 40% of the total.</li><li>This is the basis of the ‘you need us more than we need you’ argument all over social media as well as the ‘tariffs will cause inflation and destroy the economy’ arguments being advanced as much for political as economic reasons. </li></ul>

Total Imports to the US from Canada were around $420bn in 2024, so as a rough approximation the 25% tariff will generate around $90bn of revenue for the External Revenue Service, which importantly goes straight to the Treasury. (Energy is only tariffed at 10%).Within that $420bn, raw materials such as Oil and Gas, Iron and Steel, Wood and Aluminium account for around 40% of the total.This is the basis of the ‘you need us more than we need you’ argument all over social media as well as the ‘tariffs will cause inflation and destroy the economy’ arguments being advanced as much for political as economic reasons. 

The real import the US needs from Canada is its healthcare system