good morning
Insurance is the science of balancing probability and consequences. The more likely something is to happen, the more it will cost you to insure against its consequences. The more you can do to reduce that likelihood: install alarms or visit the president-elect who is the threat. Set tariffs of 25% in everything you export to their country—these negative consequences will be less likely to occur.
That was clearly the hope of Canadian Prime Minister Justin Trudeau in the race to see off President-elect Donald Trump on Friday. On Truth Social, Trump described the meeting as follows “very productive”, Emphasizing Trudeau’s commitment to border security.
What are the chances of the US imposing high tariffs? the two largest trading partnerswhose supply chains are integrated with US companies a free trade zone? It is not high for Canada, in my opinion, because the settlement does not involve complex economic conflicts Canadian lumber exports or his drug price controls. Instead, Canada must commit to reducing the flow of illegal immigrants and drugs to the US
The risk is more serious, but still relatively low in relation to America’s southern border. Mexican President Claudia Sheinbaum expressed confidence last week a tariff war could be avoided After a phone call with Trump.
Has that disclosure reduced the odds of a tariff war to zero? no But the rhetorical boost from all sides can dampen fears to the point where it’s almost commonplace. (Let’s wait to see how the threat fares 100% rates now facing the BRIC nations.)
Fear is a difficult emotion to suppress, even if it is not based on realistic threats. Take, for example, the supposed panic at the prospect of using period tracking apps abortion monitor. Oura CEO Tom Hale, whose ring can track sleep, fertility and more, guaranteed luck The Finnish company is bound by customer preferences, not to mention US and European privacy laws.
“I don’t know of any cases where anyone’s biometric data is disputed or used against (people),” Hale said. “It will probably be a statement about the political climate. In this way, it is important to make this risk zero if we can.”
In the meantime, emphasizing the low probability of these rumor effects occurring may help reduce panic.
More news below.
Diane Brady
diane.brady@fortune.com
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TOP NEWS
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This edition of CEO Daily was edited by Ian Mount.
