Canada's Justin Trudeau announces retaliatory tariffs following Trump's executive order

[hk65@sopuli.xyz]

Remember when Biden was doing all he could to keep things in one piece while all the newspapers were trying to doom and gloom us into a recession just after the Great Resignation?

[ensign_crab@lemmy.world]

Wonder who will be the first with sanctions.

[sp3tr4l@lemmy.zip]

Please marry me so I can get Canadian citizenship and escape this insane fascist hellhole, PLEASE

[jubilationtcornpone@sh.itjust.works]

Can't wait to call and gripe loudly about the massive price increases to the staffers of my idiot congressman and senators.

[catloaf@lemm.ee]

If you're Canadian, can you please come and burn down the White House again?

[obinice@lemmy.world]

34. War is good for business!

[felixcress@lemmy.world]

I just checked on mine, it says "Gulf of Mexico". Perhaps it depends where a user is located?

[nogooduser@lemmy.world]

As tariffs hurt the importing country, not the exporting country I think that it’s odd that Canada would punish their own citizens in retaliation.

They should have added a 25% export tax on energy seeing as Trump clearly didn’t want to pay more for his imported energy.

[nova_ad_vitum@lemmy.ca]

As tariffs hurt the importing country, not the exporting country

They very obviously hurt both so long as there's any demand elasticity and especially when there are alternatives sources for the products .

[chaoticneutralczech@feddit.org]

Idk when the change is implemented but Google said it would show

• "Gulf of America" in the US
• "Gulf of Mexico" in Mexico
• Both names elsewhere

Nothing has changed for Czech users yet.

[wewbull@feddit.uk]

So, is Canada going to import what it gets from the US (it's only geographic neighbour) from elsewhere?

If the answer is "no, not without at least a 26% jump in cost" then the tariff is a bad response.

[grammarpolice@lemmy.world]

Explain how demand elasticity affects both countries please. I expect Trump uses these tariffs as a scare tactic for countries who depend greatly on exports to America, but i don't know how elasticity of demand plays in.

[grammarpolice@lemmy.world]

Just get the Jan 6 rioters on call, I'm sure they'd be happy to help with that

[punnyname@lemmy.world]

Not with their God King in the building.

[punnyname@lemmy.world]

Correct. Fascist 47 is a terrible human.

[whoisearth@lemmy.ca]

If you heard the speech the fact that they are giving time for the full set of Tariffs mean we have a small set (booze) we are willing to cut right away. Ie. Jack Daniels is no longer on store shelves. Orange juice is no longer on store shelves.

The extra time is for Canadian companies to find alternative (non-American) suppliers. They may be more to import due to distance/time but less impact on tariffs and potentially still more cost at the end for consumers but at the same time not American goods.

The intention is to ween us off your teat.

I don't think Americans realize that long term this is not good for you. Once new trade routes come in, it's going to be hard for you to get those partnerships back on account of you showing yourselves as a horrible business partner.

Canada will hurt in the short term but we will be stronger in the long run.

The only thing I'm worried about now is a full on American invasion and I fear that's on the table.

[dwalin@lemmy.world]

As an European i'll be expecting a visit to Canada from our representatives in order start the negociations on a deal that bennefits both of us

[whoisearth@lemmy.ca]

Would you rather us bend over and take it?

Fuck America. You asked for this. Reap what you sowed. Unlike your trifling ass back home we are unified here. You have made us stronger as a nation.

[whats_all_this_then@lemmy.world]

Dunno enough to know how well it'd work but I read a comment here the other day saying Canada and Mexico shouldn't retaliate with tariffs but instead opt out of their side of NAFTA and just not uphold US IP laws. They could individually or together invest heavily into forming companies that provide cheaper alternatives to whatever crap US companies pull for recurring revenue. Stuff like legally mandating that phones have a local-made app store pre-installed, subsidizing or outright investing in really well made and well maintained jailbreaks, third party repairs, and third party spare parts for stuff like John Deere products, Apple produccts, Tesla products...pretty much eat the tariffs on exports to the US, don't retaliate with own tariffs so prices locally don't go up, but hurt US profits everywhere else by becoming a provider of cheaper but still reliable (probably more reliable tbh) alternatives to anything US.

I'm kinda disappointed that's not what's happening rn

[whoisearth@lemmy.ca]

Yup they're now officially standing by.