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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

#261

Post by Yiin »

LeBit wrote: post #216
thrance wrote: post #149

Earlier quoted context omitted.

Are they still dominant? They can't even win their war against Iran. And everyone is slowly moving away from the dollar. The US as world hegemon is counting its days.

Hasn’t won against Iran. Is out of ammo. Cannot win against Russia in the proxy war with Ukraine. Cannot match China with their long term energy plans. Has debt that explodes Has a president that sells early access to his tweets for 100k$ a year ; insider trading in the open. The USA are not in a good posture right now.

saying US is fighting Russia in a proxy war is giving it credit it does not deserve

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

#262

Post by werrett »

softwaredoug wrote: post #195
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.

Lumber is not part of these tariffs. These are on a narrow set of products. Lumber is a different long standing trade dispute going back to the 80s unrelated to the industries targeted by the 50% tariffs. Trump created a 10% Lumber tariff in Sept 2025, but it was already tariffed before that. Canadian lumber today isn’t suddenly 50% more expensive. https://en.wikipedia.org/wiki/Canada%E2%80%93United_States_s...

> Canadian negotiators also hoped to achieve some relief on softwood lumber tariffs that go back decades and were augmented with additional tariffs from Mr. Trump.

https://www.nytimes.com/2026/08/21/world/canada/trump-tariff...

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

#263

Post by JKCalhoun »

dgellow wrote: post #143
spiderfarmer wrote: post #118

Earlier quoted context omitted.

> it's the only thing that this US admin will respect in the long run They don't respect anything. They stand for nothing. Their only concern is to pay lip service to Trump's crazy ideas.

They stand for Project 2025 and the Maralago Accord, and the ideology behind them. So far they followed both projects quite closely. Trump is a tool they have to manage to reach their goals Also, of course, extracting as much money from the state as possible

Had to look up "Maralago Accord": https://marketwise.com/investing/what-is-the-mar-a-lago-acco...

Wow, a global Great Depression II really does look like it is in the cards.

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

#264

Post by exceptione »

LaurensBER wrote: post #170
bhouston wrote: post #121

Earlier quoted context omitted.

> 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 w…

  > The thing that I really struggle to understand is what the grand vision behind this is.
Religious zealots and the new barons want to go back to the Gilded age. If that means the house needs to burn down first, the house will burn down first. In the mean time, there is lots to gain from crises.

This is something so far removed from the way normal, constructive way people (have to) think and behave with each other as a prereq to participate in society that they will inevitably fail to see this parasitical dynamic, because there is no way they can relate to that from their own frames. Even when we learn about this we will instinctively dismiss it. It doesn't fit our frame of reference, so we decide this can't be true.

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

#265

Post by kstenerud »

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.

Trump is and always has been a one-trick-pony: Shock and awe with a ridiculously over-the-top threat to shake his opponent and anchor the discussion high, then "accept" a deal that's better than any that could have been achieved with a calm opponent (pure bullying).

His second weapon is throwing a monkey wrench into the works after agreeing to something. Keep the opponent on their back heel.

It works well, until it doesn't. Once you meet an opponent who stands firm no matter what you threaten, you lose your bargaining position. Carney is well-versed in this kind of negotiation.

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

#266

Post by fidotron »

tw04 wrote: post #232
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.

As I’ve said from the beginning, just ask yourself: what would Putin want? Every baffling, self destructive move Trump makes, basically always aligns to a long stated goal of Russia.

Putin wanted Trump to decapitate the Iranian regime?

Let's be serious, that has nothing to do with the Canadian situation, which has more than enough going on without needing to imagine things.

Edit to add: the extent to which many of you will apparently blame anything and everything on Putin is extraordinary. Just because the sun shines on Putin as well does not mean he made it do so.

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

#268

Post by softwaredoug »

werrett wrote: post #262
softwaredoug wrote: post #195

Earlier quoted context omitted.

Lumber is not part of these tariffs. These are on a narrow set of products. Lumber is a different long standing trade dispute going back to the 80s unrelated to the industries targeted by the 50% tariffs. Trump created a 10% Lumber tariff in Sept 2025, but it was already tariffed before that. Canadian lumber today isn’t suddenly 50% more expensive. https://en.wikipedia.org/wiki/Canada%E2%80%93United_States_s...

> Canadian negotiators also hoped to achieve some relief on softwood lumber tariffs that go back decades and were augmented with additional tariffs from Mr. Trump. https://www.nytimes.com/2026/08/21/world/canada/trump-tariff...

These are preexisting trade issues that were being negotiated. The new 50% tariffs are on other industries. Lumber trade issues predate this administration, and aren’t involved in the new 50% that’s put on $20B on other industries.

https://en.wikipedia.org/wiki/Canada%E2%80%93United_States_s...

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

#269

Post by diego_moita »

cmiles8 wrote: post #152
andy_ppp wrote: post #147

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.

> is a relative term

More "relative" than you think.

Look at the wars the US fought after WWII: Korea, Vietnam, Afghanistan, Iraq, etc. The US suffered a lot less pain than any of those countries and was in a lot stronger position. But those countries were willing to face the pain, the US wasn't. That's why the US lost those wars. The same pattern goes now with Iran. You kill people on those countries, those countries hurt the American voters in their pockets.

In trade wars it might be the same mechanism. For the American people, a trade war is mostly to follow the glorious orange leader. For Canadians it is a matter of national sovereignty.

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