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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

#121

Post by bhouston »

fidotron wrote: post #104

This was totally the right move, if for no other reason than it's the only thing that this US admin will respect in the long run. Being in Canada though this does look v. short sighted of the US. All this is going to achieve is pushing Canada much closer to other countries, particularly China, which at least superficially these negotiations were meant to prevent.

> This was totally the right move, if for no other reason than it's the only thing that this US admin will respect in the long run.

Unfortunately, Canada (where I live) will feel way more pain from this than the US. I am not sure Trump will have respect for this at all, but the alternative was to put in a permanent trade deal that significant disadvantaged Canada.

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

#123

Post by bhouston »

Aboutplants wrote: post #120

I’m interested to see if this spurs other countries to push back on this administration. Once you get a couple of countries to collectively stand firm is when things take a turn. Bullies can only push for so long

What Canada is doing is turning to trade with other countries. It is the main solution we have to this issue. It is a long game, but necessary.

Ganging up on the US isn't likely to work well.

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

#124

Post by nkrisc »

whatsThisBtn4 wrote: post #105
Phelinofist wrote: post #40

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

[flagged]

Zohran is not a demagogue. He ran on a platform of fixing real problems that no one else was bothering to fix. And he’s actually doing things.

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

#126

Post by throw0101a »

paganel wrote: post #98
u1hcw9nx wrote: post #93

Earlier quoted context omitted.

To add into what you said. EU’s Carbon Border Adjustment Mechanism (CBAM) already affects the United States, though its impact varies depending on the sector. CBAM is big permanent change, and that will be rolled in smoothly below all this. EU has carbon tax internally and they are rolling out CBAM to prevent "carbon exports" (manufacturing stuff outside EU and then importing those product without tax). CBAM is curre…

And then the Europeans suddenly discover that they cannot manufacture enough artillery shells and tanks to out-number the Russians.

> And then the Europeans suddenly discover that they cannot manufacture enough artillery shells and tanks to out-number the Russians.

Germany (by itself) is apparently out-producing the US artillery shell production.

* https://www.newsweek.com/germany-overtakes-us-in-ammunition-...

Russia's GDP is below that of Italy (and barely above Canada, who is in NATO):

* https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nomi...

If the Europeans really want to, they could produce a lot more by converting over to 'war mode'. Certainly they need to do more with current geopolitics, but there is no need to crank it to 11.

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

#127

Post by seydor »

Just at the right time when China is looking to expand its exports. People said that Trump was Putin's stooge, but he might have been Xi's.

I'm concerned that governments worldwide are finding tarrifs to be a popular (and exciting!) way to exorbitantly increase the size of governments and goverment coffers which are then used for populist aims. We need to re-educate people that tarrifs are bad.

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

#128

Post by retired »

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…

Russia killing hundreds of EU citizens should be enough to stop buying gas from them.

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

#129

Post by seydor »

whatsThisBtn4 wrote: post #105
Phelinofist wrote: post #40

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

[flagged]

Democracy is failing because people you don't like are being democratically elected. The opposite would indeedn be failure.

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

#130

Post by locallost »

Gabrys1 wrote: post #97

I think a retaliation for a tariff should be an export tax. Let's say Canada puts a 50% export tax on maple syrup unless the car tariff is withheld

I also had this idea, but it can't be something you can get in another place. But for something like potash it might work.

But I think overall it does not really matter. A war is a war, so there will be no real winners.

Here we go again.

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