Canada's Justin Trudeau announces retaliatory tariffs following Trump's executive order
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[email protected]replied to [email protected] last edited by
Everything you described takes half a decade minimal to be put into reality. You are literally describing building a whole frocking industry. And we all know how fast you can establish industries in North America.
When a literal bully is stabbing you, you do NOT wait for half a decade to do something about that.
Instead, retaliatory tariffs are pretty much the only thing they can do instantly as a government.
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[email protected]replied to [email protected] last edited by
Please find an adult and ask them to explain general economics to you and in the meantime look up the impact of tariffs and trade wars.
Canada doing nothing gives Trump what he wants. Fighting back with our own Tariffs is the next step. Make no mistake this is a war. Not all war is fought with guns.
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[email protected]replied to [email protected] last edited by
We should do both. And very targeted tarrifs, not stupid broad tarrifs
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[email protected]replied to [email protected] last edited by
I'm about ready to ngl
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[email protected]replied to [email protected] last edited by
It annoys me so much. It hasn't updated yet in Canada but "Gulf of America" is just wrong for any country outside of the US. Why show me Gulf of America when that's not a recognised name for my own or any other country besides the USA.
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[email protected]replied to [email protected] last edited by
In reply to your edit: it's CUSMA if you want to annoy Trump
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[email protected]replied to [email protected] last edited by
The US President imposes taxes on Canadian imports that US citizens will have to pay. In retaliation, the Canadian Prime Minister retaliates with taxes on US imports that Canadians will have to pay.
Basically, both just want to raise taxes.
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[email protected]replied to [email protected] last edited by
I'll explain it for you. When the US government imposes a 25% tariff on Canadian goods, the cost to US consumers increases by 25%. Now, every other global supplier that was 1% - 24% more expensive gets the business that used to be Canadian revenue. So, Canadians lose US customers. We both lose.
If you want further reasoning on why this is bullshit, the "small government, lower your taxes" Republican government are the ones collecting the 25% tariff that is paid. It is a additional tax with no promise of social support. Do you think Trump will use that additional revenue to issue small business grants or to subsidize the businesses of the oligarchs in his administration?
Now, when people say stupid things like, "Canada imposing tariffs only hurts Canadians" it is very obviously 100% reciprocal. The retaliatory tariffs are meant to put the pressure on US exporters to put the pressure on their government to end the trade war. A few key points on the Canadian tariffs:
- They match number set by Trump. They are not escalating.
- They have a definitive and reasonable end. Remove the tariffs and our tariffs will also be removed. Not "stop all fentanyl smuggling" (maybe try having fewer US fentanyl users, huh? That's meant to be sarcastic. Obviously this is a problem for both countries that we both take seriously.)
- They are strategic in ramping up the scope of the tariffs which begin with things like food consumables which are easy to forego before increasing to more industrial products which businesses, industries, peoples livelihoods and lives can depend on. This gives Canadian businesses time to prepare and negotiate overseas trade and gives America time to roll back the tariffs instead of knocking out the whole supply chain. Remember how fucked the global economy was when one boat got stuck in the Suez Canal for a couple of days? Obviously this isn't as big as that, but that disruption lasted months, years even. Sweeping, full-stop tariffs like the US tariffs are going to have ripple effects that last for months even if they're rescinded by the end of the week.
Finally, to address the argument that the tariffs will strengthen the US manufacturing economy, I will refer back to my point about the government using the tariff income to subsidize American businesses. Small businesses are not (and frankly cannot) replace entire Canadian (and Mexican) industries within a couple of months. That money is not going back into the economy. The US oligarchy, the massive monopolistic industry giants, are the only ones that are going to spring up and, chiefly, profit off this whole debacle. And that's by design.
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[email protected]replied to [email protected] last edited by
He's trying to fire all ATCs. Ukraine has shown how easy it is to turn a drone into a firebomb.
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[email protected]replied to [email protected] last edited by
Nothing has changed for US users either. Not yet, anyway
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[email protected]replied to [email protected] last edited by
Maybe they realize Trump is the enemy, not the rest of the US. How are they retaliating for a trade war based on personal spite, with something that won’t work until after he’s gone? Why do something that affects both sides over the long term, when this could easily disappear if Trump is distracted or finds a way to yell “WIN”
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[email protected]replied to [email protected] last edited by
I don’t think Americans realize that long term this is not good for you
Of course we do, or half of us do. The other half just want to bully someone and chant “USA! USA!”
So far I’m hoping there’s a pattern of “doing something spiteful that will harm ourselves, but moving onto the next thing at the first hint of resistance”. The new administration is just doing a speed run of scapegoats and might be on to the next before you can say “WTF”. I’m hoping the booze will be enough: hurt jack daniels right in maga country, until we’re back to focussing on abusing immigrants and people who speak Spanish
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[email protected]replied to [email protected] last edited by
excluding Canadian energy at 10%
Dammit, importing more hydro was a big part of my state’s clean energy plan.
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[email protected]replied to [email protected] last edited by
this is a war
This is one persons tantrum. One person with way too many weapons.
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[email protected]replied to [email protected] last edited by
Yes and that 1 person declared war.
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[email protected]replied to [email protected] last edited by
Living through Brexit, I get all this.
It all only holds if there are alternative suppliers that are cheaper than the new escalated price for the goods you placed tariffs on. Canada and the US have the (mis)fortune to have extremely easy transportation of goods between them, but expensive transportation of good to/from anywhere else. That's the geography and there's no getting away from it, just like the UK can't float away from Europe. America isn't going to stop importing (to imagine a bullshit example) lumber from Canada because shipping it from anywhere else is impractical and domestic supply won't be able to deal with the shortfall. Similar for Canada.
Both sides are engaging in massive acts of self harm, and Canada trying to go punch for punch isn't a winning strategy. Canada has to respond in a smarter way than a reflexive mirroring move.
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[email protected]replied to [email protected] last edited by
Yeah, I like both option.
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[email protected]replied to [email protected] last edited by
according to Al Jazeera it's just the USA?
Google announced on Monday that its online mapping platform, Google Maps, will change the name of the Gulf of Mexico to the Gulf of America for users in the US.
just "Gulf of Mexico" for me here in Toronto
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[email protected]replied to [email protected] last edited by
Canada has to respond in a smarter way than a reflexive mirroring move
I'm all ears
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[email protected]replied to [email protected] last edited by
Y'know, except for the part where Trudeau is saying it shouldn't be this way and free trade is beneficial to both economies... but yeah, it's both sides that are doing this for malicious self interest.