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Canada will match US tariffs 'dollar for dollar' as trade talks break down

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Re: Canada will match US tariffs 'dollar for dollar' as trade talks break down

#81

Post by nchmy »

DiogenesKynikos wrote: post #57
nchmy wrote: post #44

Nice to see them putting up a fight. Though I assume this will cause pain for everyone. One note: aren't these sentences strange - like a series of half-thoughts? Especially the 2nd paragraph. > Our government understood, before many, that America is altering all its trade relationships. Putting tariffs on its closest allies and charging for access to its vast market. > > We have worked in that context. To strike a f…

It's a transcription of a spoken speech. The periods between connected clauses are just where Mark Carney paused for a moment.

Ah! I was not aware that it was a transcription.

Yes, I had the thought that it sounded a lot like speech.

Thanks.

Re: Canada will match US tariffs 'dollar for dollar' as trade talks break down

#82

Post by eigenspace »

stephbook wrote: post #60
eigenspace wrote: post #53

Earlier quoted context omitted.

The EU didn't really fold, they blew him off. It was just a bunch of "yeah sure Donny, here's a bunch of meaningless promises we have no ability or mechanism to actually enforce". For example they promised to buy a bunch of gas, but the EU has no mechanism to make companies or even member states buy gas. The only real concession the EU made was just allowing Trump to tariff them at a certain rate, and not counter-tar…

Europe/EU are highly reliant on the US military and these issues are linked.

The EU would strongly prefer to have US military support, but does not fundamentally need it. In the miltiary domain, but also lots of other domains, the EU is using these fake promises they made to Trump as a mechanism to buy time while they quietly work on removing US dependencies, and reducing US leverage.

Re: Canada will match US tariffs 'dollar for dollar' as trade talks break down

#83

Post by tgsovlerkhgsel »

eigenspace wrote: post #53
Phelinofist wrote: post #40

Good for Canada, quite a shame the EU folded so easily

The EU didn't really fold, they blew him off. It was just a bunch of "yeah sure Donny, here's a bunch of meaningless promises we have no ability or mechanism to actually enforce". For example they promised to buy a bunch of gas, but the EU has no mechanism to make companies or even member states buy gas. The only real concession the EU made was just allowing Trump to tariff them at a certain rate, and not counter-tar…

The EU also stopped enforcing its laws (like DMA and GDPR) against US tech companies.

Re: Canada will match US tariffs 'dollar for dollar' as trade talks break down

#84

Post by voidfunc »

linohh wrote: post #74
lukan wrote: post #43

Earlier quoted context omitted.

And maybe the US will learn again, that a great deal is something that people can rely on?

Not in this administration.

Not with 50%+ of the country supporting this administration.

Its the people that are the problem. These policies and politics will outcast Trump because middle Anerica and The South are filled with morons.

Re: Canada will match US tariffs 'dollar for dollar' as trade talks break down

#85

Post by chii »

mhandley wrote: post #72

I wonder what would happen if Canada taxed electricity exports to the US, and used the money to directly subsidize other exported goods the US applies tariffs to?

> taxed electricity exports

it is easy to tax exports, but this makes the export less profitable (for the entity making that export). Unless you mean the producer raises prices to cover the new tax - in which case, the export is now more expensive, and less of it gets exported.

It doesn't really help with the tariff situation much in any case - a political problem requires a political solution (such as reciprocal tariffs). Both sides hurt, and there's no good outcome.

Re: Canada will match US tariffs 'dollar for dollar' as trade talks break down

#86

Post by K0balt »

jleyank wrote: post #54

Note that these new tariffs are on goods covered by CUSMA, making that treaty inoperative. Pity it’s one Trump signed… One must stand up to bullies otherwise they’ll keep at it. Until the US population feels the pain the rest of the world has been dealing with, nothing will change.

Oh, we’re feeling the pain. Anyone trying to actually build things in the USA relies on an increasingly unpredictable and expensive global supply chain.

What he’s been doing is only good for his grift game, not the USA.

If you want to bring manufacturing home, you frame a 5-10 year progressive tariff plan with tax incentives, financing, and grants to help build the infrastructure to progressively fill the demand as the tariffs roll in. Commerce thrives in stable environments with predictable changes, not in chaos and broken promises.

Re: Canada will match US tariffs 'dollar for dollar' as trade talks break down

#87

Post by tgsovlerkhgsel »

evgen wrote: post #77
stephbook wrote: post #60

Earlier quoted context omitted.

Europe/EU are highly reliant on the US military and these issues are linked.

The EU has no real reliance on US military might. Russia has been shown to be a paper tiger and the EU can use Ukraine as a proxy to cripple Russia while keeping their hands relatively clean.

I wish you were right, but look at Ukraine's desperate requests for Patriot missiles and Switzerland letting the US screw them repeatedly to get F-35 and Patriot.

Re: Canada will match US tariffs 'dollar for dollar' as trade talks break down

#88

Post by tgsovlerkhgsel »

nchmy wrote: post #44

Nice to see them putting up a fight. Though I assume this will cause pain for everyone. One note: aren't these sentences strange - like a series of half-thoughts? Especially the 2nd paragraph. > Our government understood, before many, that America is altering all its trade relationships. Putting tariffs on its closest allies and charging for access to its vast market. > > We have worked in that context. To strike a f…

> Though I assume this will cause pain for everyone.

Yes, but the pain is likely unavoidable. The alternative is much more pain, but slightly later/more spread out, from repeatedly giving in.

Re: Canada will match US tariffs 'dollar for dollar' as trade talks break down

#89

Post by tgsovlerkhgsel »

chii wrote: post #85
mhandley wrote: post #72

I wonder what would happen if Canada taxed electricity exports to the US, and used the money to directly subsidize other exported goods the US applies tariffs to?

> taxed electricity exports it is easy to tax exports, but this makes the export less profitable (for the entity making that export). Unless you mean the producer raises prices to cover the new tax - in which case, the export is now more expensive, and less of it gets exported. It doesn't really help with the tariff situation much in any case - a political problem requires a political solution (such as reciprocal tar…

> less of it gets exported

Depends whether demand is flexible or not.

Re: Canada will match US tariffs 'dollar for dollar' as trade talks break down

#90

Post by eigenspace »

mytailorisrich wrote: post #65
eigenspace wrote: post #53

Earlier quoted context omitted.

The EU didn't really fold, they blew him off. It was just a bunch of "yeah sure Donny, here's a bunch of meaningless promises we have no ability or mechanism to actually enforce". For example they promised to buy a bunch of gas, but the EU has no mechanism to make companies or even member states buy gas. The only real concession the EU made was just allowing Trump to tariff them at a certain rate, and not counter-tar…

If Europe does't buy gas from Russia then that leaves Qatar and the US. Qatar does sell a lot to Europe (hence you'll notice how "friendly" Europe is towards Qatar) but is vulnerable to instability in the straight of Ormuz. The US are making a fortune on gas at the expense of Europe an it's not that the promise to buy gas is meaningless because unenforceable within Europe, it's that it was already happening in practi…

Yes, the EU does rely on buying US gas as an important part of its energy mix. But that is true independent of whatever deal the EU struck with Trump. The EU simply does not have control of who its gas importers buy from (other than sanctions)

But this is also why the EU is aggressively pursuing and building up alternatives, including investments in Canada's ability to export LNG, but also buildouts of solar, wind, and batteries.

Solar and batteries come with their own dependencies on China, but at least those are a different sort of dependency than fossil fuels. If China stops exporting solar / batteries, the ones we have will still keep functioning for decades while alternatives are built up.

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