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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

#471

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

These countries need to grow a spine and make violating American copyright legal, or at least remove their anti circumvention laws.

Europe: here is a tome of regulations you need to follow to do business here. its kind a big deal. Also Europe: we don't care about copyright.

how did you dream this up?

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

#472

Earlier quoted context omitted.

> trade barriers for US goods and services are the trade barriers in the room with us?

To be fair, EU standards prevent the sale of lots of US products so that point, while misleading, is not entirely incorrect.

[deleted]

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

#473

The world should've collectively recognised what Liberation Day was and responded together, in lock step, and in kind. Instead, the Europeans caved, Japanese caved (PM resigned after doing so), Republic of Korea caved (PM resigned after doing so), India of course caved and so on, shattering any prospect of collective action which might pull the rogue hegemon back into line. Now, the US is simply able to renege or ren…

Everyone is banking on the current trade policy simply being temporary and whoever replaces Trump in the White House next will restore bilateral trade to normal. Why would you destroy your trade relation with the U.S. for decades to come when you can just ride out a bad deal for a few years? Not saying I agree with it, because it sends the wrong signal, but I can understand the reasoning at least.

I am not sure how much of it is that, versus a mix of tariffs being paid by the recipient rather than the vendor, versus all his unpredictable behaviour being an inherent non-tariff barrier, versus it not mattering much what a deal with the USA even looks like if we all transition to other trade partners.

The UK's Neville Chamberlain is remembered for saying of an agreement with Hitler, "peace for our time"*, and by this agreement, appeasement; less well known was that he did pursue re-armament and mutual defence agreements while attempting to deescalate.

Hopefully we won't be here in 8 years wondering how the USA got carved up into a Canadian zone, a Chinese zone, a European zone, and an Aztec zone. That last one might be from a TV show I watched as a kid.

* https://en.wikipedia.org/wiki/Peace_for_our_time

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

#475

Earlier quoted context omitted.

> trade barriers for US goods and services are the trade barriers in the room with us?

To be fair, EU standards prevent the sale of lots of US products so that point, while misleading, is not entirely incorrect.

> prevent the sale of lots of US products

Not only USA products. Most countries with low safety standards and known for dangerous products are barred from trading with the EU, or at least many of their products. Recently, even big Chinese on-line shops are being targeted for selling dangerous products and lying on the description on that products.

I understand that quality and safety is a diminishing goal for the USA. But I hope that other countries keep the care for their citizens as a achievable goal.

> is not entirely incorrect

With enough re-interpretation nothing is not entirely incorrect. Agree on the part that it is misleading.

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

#476

The world should've collectively recognised what Liberation Day was and responded together, in lock step, and in kind. Instead, the Europeans caved, Japanese caved (PM resigned after doing so), Republic of Korea caved (PM resigned after doing so), India of course caved and so on, shattering any prospect of collective action which might pull the rogue hegemon back into line. Now, the US is simply able to renege or ren…

Everyone is banking on the current trade policy simply being temporary and whoever replaces Trump in the White House next will restore bilateral trade to normal. Why would you destroy your trade relation with the U.S. for decades to come when you can just ride out a bad deal for a few years? Not saying I agree with it, because it sends the wrong signal, but I can understand the reasoning at least.

I think such people are delusional, I hope to be wrong and that the next elections are actually democratic, however I do have my doubts.

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

#477

Earlier quoted context omitted.

Everyone is banking on the current trade policy simply being temporary and whoever replaces Trump in the White House next will restore bilateral trade to normal. Why would you destroy your trade relation with the U.S. for decades to come when you can just ride out a bad deal for a few years? Not saying I agree with it, because it sends the wrong signal, but I can understand the reasoning at least.

Exactly. You can't assume it's a new normal until Trump is out of office.

His re-election suggests we need to. Even if good times return, we can now never be sure the bad are more than one election cycle away, and given the USA's bicameral government and staggered elections, that means 2 years, not 4.

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

#478
"Our existing free trade deals already provide Canada with preferential access to 1.5 billion consumers, and we are on track to double that market access by the end of this year."

the amount of mental gymnastics needed to believe this is off the charts.

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

#479

The world should've collectively recognised what Liberation Day was and responded together, in lock step, and in kind. Instead, the Europeans caved, Japanese caved (PM resigned after doing so), Republic of Korea caved (PM resigned after doing so), India of course caved and so on, shattering any prospect of collective action which might pull the rogue hegemon back into line. Now, the US is simply able to renege or ren…

>> India of course caved and so on,

India and US still have not signed any trade deal. Not sure what's the basis of your comment.

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

#480

The world should've collectively recognised what Liberation Day was and responded together, in lock step, and in kind. Instead, the Europeans caved, Japanese caved (PM resigned after doing so), Republic of Korea caved (PM resigned after doing so), India of course caved and so on, shattering any prospect of collective action which might pull the rogue hegemon back into line. Now, the US is simply able to renege or ren…

they carved because most of those places want access to the 'yuuuge' US market.

politics vs reality. they could correct though by selling US treasuries - but that would make the world economy sneeze which might result in pneumonia.

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