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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

#161

Post by piva00 »

mvanbaak wrote: post #142
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…

> and protect / stimulate domestic alternatives. I really would love to see this, but the sad truth is that there are no real alternatives for a very big amount of software products. In the end, the eu residents will simply have to pay more for a lot of software products, and that's it :(

That's the initial impact, it's exactly the incentive that over time will create native competitors.

Yeah, there will be immediate pain but if EU competitors can spring up because the American software giants are disadvantaged it'll slowly erode the reliance on US's software.

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

#162

Post by kimos »

unsupp0rted wrote: post #99
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

What's wrong with Vermont maple syrup?

Quebec alone produces more maple syrup than everywhere else in the world combined, by a wide margin.

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

#164

Post by bradley13 »

This is the way. If the US imposes tariffs, impose tariffs on US goods.

The US administration twists facts to suit their agenda. For example, they often complain about the trade deficit the US has with other countries. However, that deficit often (depends on the country) only exists if you exclude digital goods (Microsoft, Google, Apple, etc.).

If the rest of the world were to restrict the import of those digital goods, in the interest of fairness, the tech lobbyists would swarm D.C. in panic.

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

#165

Post by dennis_jeeves2 »

cmiles8 wrote: post #135

Its nice to see some backbone, but the challenge for Canada is that it’s broadly in a weak negotiating position here. Generally speaking Canadian companies need access to the US market a lot more than US companies need access to the Canadian market.

>Canada is that it’s broadly in a weak negotiating position here.

That's an understatement. Hypothetically if Canada were isolated from the world, it would regress in the quality of life in 10 years. The most capable Canadians have moved out, mostly to the US. The average Canadian has unwarranted sense of nationalistic pride about them (compared to their neighbors).

Isolate US from the world, and assuming that the govt does not meddle too much with local businesses, in 10 years they will bounce back to being more self sufficient than it is now.

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

#166

Post by LeBit »

bhouston wrote: post #121
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.

As a Canadian, I am willing to suffer if it means long term benefits.

Carney is very popular for a reason.

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

#167

Post by rapnie »

watutalkinbout wrote: post #159
robmccoll wrote: post #122

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.

He's just running a kleptocracy, and doing so reasonably well.

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

#168

Post by microtonal »

bhouston wrote: post #121
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.

I know that this is insanely complex with everybody protecting their own economies, but I think this is where middle powers working together more strongly could help. Imagine that Canada, the EU, and Britain worked together as an economic NATO, where a tariff attack on one is a tariff attack on all. It would hurt the US much more to bully one of these economies.

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

#169

Post by loloquwowndueo »

oefrha wrote: post #114
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?

The guy still has like ~35% approval ratings according to every poll there is, and that’s after weekly displays of outright corruption from him and his family, and “winning” the same war dozens of times already with no end in sight. The number hardly even budged YTD. You’re telling me that this country is capable of learning?

You say it like a 35% approval rating is a good thing. It is not.

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

#170

Post by LaurensBER »

bhouston wrote: post #121
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.

> 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.

It's unfortunate and in some ways unfair. I hope the Canadian economy will move towards more open trade partners and will proposer.

The thing that I really struggle to understand is what the grand vision behind this is. A logical consequence of the tariffs is that Canada, Europe and other American allies focus more on those who are willing to trade with them, including China.

If I put a 2/3y contract in place with an American supplier, there's a fair chance that I might have to deal with 10-50% tariffs at some point during the contract. This does make (long)-term business deals with the US risky.

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