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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

#301

Post by bad_haircut72 »

bradley13 wrote: post #164

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 goo…

Europe/Canada should ban chatgpt/anthropic and say "ok we will use chinese models for our vibe coding I guess" and watch the stock market implode overnight. Remenber when they tried to ban non-US citizens from using Fable? best to remove that sword of damocles now regardless

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

#302

Post by angulardragon03 »

peterbecich wrote: post #218
bradley13 wrote: post #164

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 goo…

Agreeing with your larger point but on the other hand, Trump-voting districts with older industries probably have trade deficits, both with other American districts and especially internationally.

Yeah but this is the point, right? The guy thinks the US is still living in an era before it became a massive service economy

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

#303

Post by dessimus »

dbdr wrote: post #240
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.

Please be aware people reading don't know which country you are from, so using "our" is ambiguous. You could just as well have been Canadian, and it took extra deciphering to guess you're apparently from the US.

This comment seems exactly like the school room exercise where the teacher hands out a test with a paragraph of instructions that includes the text buried in it: "do not answer any questions below" and students rush through the test and fail because they didn't bother reading the entire comment before ripping off their own because "our" is ambiguous. There is plenty of context in the comment, even for non-North Americans, since its very unlikely "Donald" was referring to famed Canadian-actor Donald Sutherland.

Or would you prefer every comment on HN to begin with: "As a/an $CountryDemonym..." or other requisite bona fides?

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

#304

Post by sigspec »

maratc wrote: post #287
tw04 wrote: post #232

Earlier quoted context omitted.

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.

I'm confused. Is he a Putin's puppet or Netanyahu's? He can't be both: these two don't align.

With each other maybe? In practice they are very aligned.

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

#305

Post by sanderjd »

iNerdier wrote: post #242

Reciprocal tariffs alone don’t make much sense, it’s just making things for Canadians more expensive with an adversary that’s larger and can sustain them longer (although how long remains to be seen with guilt yields rising.) If they really want to hurt them start making it legal to circumvent DRM on American products and allow build meaningful replacements.

We, in the US, might be able to sustain this longer economically, but Canadians can sustain this longer politically.

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

#306

Post by Waterluvian »

K0balt wrote: post #86
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 t…

I’m curious just how much pain and abuse Americans need to feel before they do something about it. So far it seems to be record-setting.

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

#307

Post by kannanvijayan »

howmayiannoyyou wrote: post #210
llm_nerd wrote: post #38

Importantly Canada has committed to matching every American tariff dollar for dollar, which the US already considers unfathomable. Greer repeatedly cites that only Canada and China retaliated, which is such a weird criticism. Is he intending to compliment us? So expect Trump to start spiralling. Also expect lots of astroturfing about how desperate Canada is and that it has no choice (one of those hilarious slop purve…

Please have a look at the actual flow of trade between CAD and USA, and its components. The impact is nothing like what you suggest for the US. Canada can bend the knee to Trump, or it must gut its policies on natural resources and become an extractive economy similar to Russia pre-Ukraine war. There's no other option for Canadians and time is not on their side.

The direct impact of the Canadian economy on the US one is small, but thankfully for Canada the broader economic reality is that the US isn't picking a fight just with Canada. America is creating a lot of messes for itself around the world. The effects of any Canadian retaliation will not be felt in isolation.

Carney internally is playing to a domestic crowd that is actually more hardline on US trade policy than he has projected.

The issue with "bending the knee" so to speak is that the hardship is just as bad as the no deal situation, except with the worse outcome that Canada's future prospects for diversification are diminished.

There is hardship down both paths for Canada, but only one of those paths has a long-term future.

You're right that it likely involves a heavier investment in our own resource extraction, but that seems to be precisely what Carney is moving towards.

As for the amusing side-quip about Russia, chances are Canadians will likely look to emulate some other resource-extractive based economies, like the nordics. The issue is less the extraction and more how the wealth from that extraction gets hoarded. And there too, it would manifest as the need to move away from the American/Russian model of a small set of simple-minded, deranged oligarchs siphoning all the wealth in the economy towards themselves.

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

#308

Post by sigspec »

hereme888 wrote: post #270

In 2025 there was a $46 billion trade deficit with Canada. The U.S. was already buying considerably more Canadian goods than Canada bought from it.

How do you expect to have a trade balance with a country that is 10% of your population.

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

#309

Post by THX1137 »

dennis_jeeves2 wrote: post #165
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 go…

By definition if you isolate a country from the world it would be more self sufficient that very moment than it is the moment before it is isolated. Isn't that obvious?

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

#310

Post by unsupp0rted »

kimos wrote: post #162
unsupp0rted wrote: post #99

Earlier quoted context omitted.

What's wrong with Vermont maple syrup?

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

Sure, but that's no reason not to rely on locally-sourced products where possible, and Vermont makes it possible in this case
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