81–90 of 169 posts
Why is the American government so hell bent on destroying its own economy? The biggest things they import for Canada aren't even manufactured goods but raw materials. The only way to avoid the T tarrif at that point is to import from a different country but there are tarrifs there as well. What is even the end game here? Make China the new biggest game in town?
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Canada was specifically warned not to retaliate in any manner, which is basically an acknowledgement that Canada has some powerful levers. This is farcical and of course Canada is going to retaliate. The $450B of American goods sold to Canada is going to collapse. The F35 purchase will be cancelled. Various other projects with the US will be abandoned. Oil will be export tariffed. Every American service -- Netflix, D…
The figures I have seen in a trade war with Canada is Canada causes a -.2% hit to US GDP while Canada gets a -2% hit. That is not going to work for Canada. These aren't abuses of power though. We just largely got use to the president not trying to do all that much. Obama issued 275 executive orders and Franklin Roosevelt issued 3721. Calvin Coolidge issued 1203. I think all the presidents during my lifetime combined…
That would be seriously destabilising to America for the future.
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>I bet this concludes with a free trade treaty between China, Canada, and Mexico. Well Canada & Mexico already have NAFTA 2.0. I doubt there will be one between Canada and China, they have frosty relations.
Canada is a member of CPTPP, which was the replacement for TPP that Trump backed the US out of. Canada really doesn't have a bad relationship with China. We had a tiff previously when we arrested Meng Wanzhou on behalf of the US, and in return China arrested the Canadian "two Michaels"[1] and both countries used Canada as a pawn. [1] I turns out they were, in effect, intelligence operatives in a sense, and China actu…
Earlier quoted context omitted.
I don't think anyone is saying it won't hurt Canada; trade wars hurt both sides. The discussion is whether Canada can make it hurt Trumps supporters enough to pressure him to remove the tariffs.
My perspective is as a Canadian. The US GDP per capita is 7% above pre-Covid numbers, Canada's is 2% below. Or you can say our GDP per capita has diverged by 9% since COVID. Canada's cost of living is actually untenable right now. Canada can't hold the line long enough to do anything to the US. We'll do it for political reasons until the election this year but it's going to decimate our economy even further.
What's the plan here ? Tariff war with all main trading partners ? According to Trump EU tariffs are coming in soon. US can win any tariff war against a single country. They maybe could win against China or EU or Canada / Mexico alone. But all of them at once ? This is going to be a disaster for the US. Because of current sky-high stock market valuations, US thinks it's the only game in town. We will soon see if it's…
I don't really understand what the end game is with Canada here. For Mexico, it seems more like a prod for social policy on immigration and fentanyl. I listened to Trudeau yesterday and he isn't even able to get a hold of Trump right now, something that seems just insane. I am just not sure that is true though that this is a disaster for the US. How much can China afford to fight back here with the state of their eco…
I’m expecting for governments to cozy up with China again. Will be interesting, but unpredictable couple of years. I’m not sure what’s the best way to diversify one’s savings so you wouldn’t crash it out either.
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My perspective is as a Canadian. The US GDP per capita is 7% above pre-Covid numbers, Canada's is 2% below. Or you can say our GDP per capita has diverged by 9% since COVID. Canada's cost of living is actually untenable right now. Canada can't hold the line long enough to do anything to the US. We'll do it for political reasons until the election this year but it's going to decimate our economy even further.
Cost of living in Canada has been untenable for the past decade. The choice is to bend the knee or suffer more with the hopes you’ll at least go down with pride. I have no idea how the hell the government across the border got their citizens to start hating on us within a couple of weeks.
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It is also through the exchange rates. USD to CAD has front ran a lot of this already. 1.45 is crazy. The idea Canada can so easily re-route trade is absurd. Especially when the trade is going to be settled in USD. I have been trying to understand the point of all this and come up empty this morning. I would have to assume it is for enormous leverage in the trade deal that ultimately ends all this. The leverage this…
Yes, the USA has massive leverage over Canada on basically every front. We are a small child standing next to a massive person with a gun. But what is the point of destroying us? Our economy is already down. All of our tech elite move to Silicon Valley. Our energy infrastructure cant get off the ground. The USA dictates so much of what Canada is able to do. What is the point of squeezing us more? We have so little we…
Pretty much yeah. US wants to tax you, subject you to their religious laws, and take your oil. What are you willing to do about it?
What's the plan here ? Tariff war with all main trading partners ? According to Trump EU tariffs are coming in soon. US can win any tariff war against a single country. They maybe could win against China or EU or Canada / Mexico alone. But all of them at once ? This is going to be a disaster for the US. Because of current sky-high stock market valuations, US thinks it's the only game in town. We will soon see if it's…
They've been telling us the plan. Fascist Elon Musk was telling us before the election they were going to crash the economy and wreck the government. Project 2025 was freely available. https://www.marketwatch.com/story/kaboom-elon-musk-predicts-... They want to snap up assets, strip mine and privatize government services once theyre broken, and install the billionare oligarchcy as the permanent ring class. Theyre spe…
The lesson of the fall of the Soviet Union was never that Communism doesn’t work, it’s that this top down insider-only rule by decree doesn’t work. They’re trying it again with this smug background of feeling like they’ve got it all figured out this time, but they’re just doing it all again but with iPhones and the internet. But it’ll turn out just the same.