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That would be confusing considering he forced a vote to release the Epstein files.
Canada will match US tariffs 'dollar for dollar' as trade talks break down
651–660 of 1001 posts
Re: Canada will match US tariffs 'dollar for dollar' as trade talks break down
#652Earlier quoted context omitted.
No, not good for Canada. Free trade is optimal, even if its unilateral. Canada should abolish their tariffs and let the clowns in the US do whatever they feel like.
Tarriffs will hurt your existing industries, they will lose sales/revenue. Since you are getting hurt you play tit-for-tat to get the other to knock it off. So you add export taxes to items they care about (oil/fertilizer/...) and compensate the losses incurred by existing industries. You also add tarriffs on items that have alternatives, like alcohool. Maybe add tarriffs on items with elastic prices, say 100% tarrif…
Import tariffs and export tariffs have approximately equal influence on your economy. That's known as Lerner Symmetry. (A very narrow version of this can be proven in a mathematical sense, but the empirical effect is broader.)
For bilateral trade it doesn't matter much whether country A imposes import tariffs or country B exposes export tariffs.
Basically, the whole talk about retaliatory tariffs is silly.
Re: Canada will match US tariffs 'dollar for dollar' as trade talks break down
#653Seems like the only thing more expensive and damaging these days than being an enemy of the US is being an ally! Wonder how long it’ll be before Trump throws his toys out the pram again. Wouldn’t be surprised if he moans his allies have abandoned him.
Canada is the kind of ally that sends a chinese spy to NATO headquarters.
Re: Canada will match US tariffs 'dollar for dollar' as trade talks break down
#654Earlier quoted context omitted.
>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…
> The average Canadian has unwarranted sense of nationalistic pride about them (compared to their neighbors). If you think Canadians have more nationalistic pride than Americans, you seriously need to get glasses. Americans literally pledge themselves to their country every day of school.
You understand the word 'average'?
Re: Canada will match US tariffs 'dollar for dollar' as trade talks break down
#655Everything the current US administration has done has been an unmitigated disaster. Tariffs are taxes. Manufacturing is still declining, not returning and a man who could not run casinos successfully is not going to change that. His economic and foreign policy are dictated entirely based on who flatters him the most. Add to that continued environmental damage, domestic policy dictated by a regressive religious minori…
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Re: Canada will match US tariffs 'dollar for dollar' as trade talks break down
#656Earlier quoted context omitted.
Hope the voters remember this for the next couple election cycles.
The vast majority of voters don’t ever understand why they’re being screwed by economic policies, they just know when they are .
And they’re too dumb to remember who caused the problems and just blame the other team no matter what.
Re: Canada will match US tariffs 'dollar for dollar' as trade talks break down
#657The 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…
"Now, the US is simply able to renege or renegotiate the bilateral deals whenever he feels like it, forcing the other party to face down the US by themselves"
This won't last. There are consequences for behavior on all scales. If you prove yourself untrustworthy and treacherous, people will treat you as such. International politics don't move very quickly, especially if coordination is required. But it will eventually move.
"Winning" at all costs has never ever been sustainable and I don't think see why this time will be different, especially with diminishing real power.
"They make it a desert and call it peace(winning)."
Re: Canada will match US tariffs 'dollar for dollar' as trade talks break down
#658Won’t work out well for either side, namely citizens and leadership aside. Wearing my forecasting hat… Canada holding $200 billion in USA treasuries, one of the largest exporters of oil into the USA, and integrated supply chains for everyday goods. A fast and painful price shock is coming for every average American. Canada has and will continue to be very dependent on the USA. No amount of new trade partners can chan…
Australian beef is cheaper than Canadian beef, in Canada, the ocean is not the obstacle.
canadian beef is expensive in canada because canadian beef producers can make a bigger buck selling to the US
Re: Canada will match US tariffs 'dollar for dollar' as trade talks break down
#659Earlier quoted context omitted.
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I really don't want people to be left with the impresion that this is Democratic Party incompetence. It is not. They are complicit in pretty much everything the Trump administration has been doing. They know what works. Just do what Obama did in 2008 and run on a populist economic platform. They don't want to do that. It's a choice, not incompetence. If Chuck Schumer is asked about the weather, he'll first check with…
The vast majority of sitting Democratic senators voted against funding for Israel this year.
The DSCC funding is a drop in the bucket of the overall funding in these races, and they have their own goals which may or may not be aligned with the party as a whole.
If your single issue is Israel funding (which it probably shouldn’t be but that is your choice), the Democratic Party and presidents did far more to reign in Israel’s behavior than republicans.
Re: Canada will match US tariffs 'dollar for dollar' as trade talks break down
#660Earlier quoted context omitted.
You are both right. The world capitulates more than it should. But the world is also moving away and building contingencies. The world needs leadership. And Canada is helping with that. I do not think that reciprocal tariffs are actually the answer though. They hurt both sides and the US is not a rational enough actor to respond like you hope they will. The answer is in shifting trade away from the US and isolating t…
But what tool do you use to shift trade away from the US to other countries? Tariffs are perhaps the most efficient mechanism.
Create and serve better products more efficiently while the US insists preserving unproductive jobs and banning progress is more important than growth and affordability.
Learn from what they did well and what they did poorly, copy the good parts.