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

bbc.com

151–160 of 1001 posts

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

#152

Can the US even afford a trade war, they are beginning to find borrowing more money increasingly difficult… currently the debt is around $130k for every man, woman and child in the US.

More difficult is a relative term. More difficult but still easier than other countries so the US remains in a stronger position here. The US can sustain the mess a lot longer than most countries can survive it.

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

#154

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?

The US would then just stop importing that electricity and funnel the power in from domestic sources. The electricity comes in from Canada because it’s cheap, not because the US can’t make electricity. Canada would shoot itself in the foot with this move.

Where would the US be without cheap electricity?

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

#155

King Charles should just leave the American continent.

It's ironic that the US might currently do better with a (constitutional monarchy) king, to serve as an ethical example of living and governance, and change the role of the president to more of a serving bureaucrat

In the UK we've been lucky with our royalty recently, but with a different roll of the genetic dice we'd have Randy Andy as king instead of Charles.

Anyway, you have kings, you just elect them and call the presidents, but they have basically the same political role and powers as George III did in the 1790s cut-and-pasted across. The USA needs to get itself a decent parliamentary system.

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

#156

Don’t forget, it’s the longest land border in the world, largely remote. Feels like it would be easy to work around with minimal effort.

Sure, it would be pretty easy to smuggle small, high-value items, but most of the trade volume is in large items like lumber, steel/aluminum, new vehicles, and potash, and it's pretty hard to sneak a dozen 18-wheelers across the border a day. Electricity and oil are also pretty common exports, but those are even harder to smuggle since they go across in fixed wires/pipelines.

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

#157
I think Trump is severely misreading his position in the world. It's not April 2025 anymore. There will be consequences for everyone, but I am not sure his own party will support him through this in an election year. Especially now as the last time he publicly stated he backed down because if rising bond yields, which is actually happening already before any trade war. Is he really going to start another one, already in deep trouble because of the mess he made in Iran.

I think he will cave pretty quickly and Canada knows it.

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

#158
post #138
post #46

Earlier quoted context omitted.

Canada and EU tightening their relation, pretty sure there are a lot agreements in the making. Will be great for both and appreciated by the people living in EU (and surely Canada as well).

The EU is definitely dragging its feet believing that Trump will go away and "normality" will return.

The EU can't understand anything except normality, we see it on all kinds of issues.

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

#159

Huh 30% of our lumber just got 50% more expensive. Good thing we don't have shortages of affordable housing that need new construction to solve. Brilliant stuff Donald. Truly some 4D chess moves.

You still think any of his moves are driven by 'what's good for the US'?

I think it's motivated entirely by schemes to stuff his pockets with money.

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

#160

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.

You can't respect someone who doesn't respect their self. It's a mistake to attribute personality features to countries, but not to their leaders.

Similarly, people who don't have self-respect don't respect others.

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