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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

#691

Post by lawsthro0532 »

brightball wrote: post #641
cdrnsf wrote: post #586

Everything 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…

I get that statistics can be manipulated but... https://www.ismworld.org/supply-management-news-and-reports/... > Economic activity in the manufacturing sector expanded in July for the seventh consecutive month, say the nation’s supply executives in the latest ISM® Manufacturing PMI® Report. > The report was issued today by Susan Spence, MBA, Chair of the Institute for Supply Management® (ISM®) Manufacturing Business…

PMI is a sentiment survey of 400 manufacturing executives. Vibes only.

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

#692

Post by overfeed »

armada651 wrote: post #454
hunglee2 wrote: post #413

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.

> 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?

This was a common attitude 2017-2020, and they got disabused of that notion when Trump won in 2024. I would further argue the muted response during Trump I based on an idea that thing would "return to normal" emboldened Trump II - so that was not a winning strategy. The only country that seemed to have the correct read, and translated it into policy was China. Every other trading partner of the US seems to be floundering still.

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

#693

Post by stouset »

Spooky23 wrote: post #603
cdrnsf wrote: post #586

Everything 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…

[flagged]

The Republican base doesn’t give a shit about “tax and spend” either. For all their hand-wringing about deficit spending, Republican administrations have for decades been the party of excessive spending and ballooning deficits.

They’ve demonstrated over and over that their core principles don’t actually exist, and are simply maxims that they have heard often enough that they blindly parrot them back.

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

#694

Post by fifilura »

8note wrote: post #635
fifilura wrote: post #492

Earlier quoted context omitted.

The parent point is that the response should have been done collectively. USA market is "yuuge", but rest-of-the-world market is much much bigger.

the market is bigger but doesnt necessarily have more USD to sownd on stuff

I don't understand.

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

#695

Post by senderista »

sanderjd wrote: post #281
LaurensBER wrote: post #170

Earlier quoted context omitted.

> 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…

There is no grand vision. Trump has an irrational love of tariffs. He just likes them, they feel right to him. It is entirely that we have a presidential system with an executive that is capable of too much unilateral action, and we elected someone to that office who is unfit for it.

I do think that Trump is irrationally attached to protectionism, but I also think that tariffs have at least 2 concrete benefits for him: 1) as a tool of economic coercion to achieve geopolitical ends, and 2) as a form of corruption to solicit de facto bribes in exchange for exemptions.

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

#696

Post by dennis_jeeves2 »

khriss wrote: post #276

The craziest thing is, that in spite of the obvious, balatant corruption and supreme incompetence of the US govt, Trump still has around 35% approval rating. That means the hardcore MAGA base is a third of the US population. I genuinely don't know how to reconcile that with the long term future of the United States.

>The craziest thing is, that in spite of the obvious, balatant corruption and supreme incompetence of the US govt, Trump still has around 35% approval rating.

Not to diminish you statement, but you are right.

Something similar can be said about Canada. In your sentence replace:

US with Canada

Trump with Carney/Trudeau/Others

35% with 95%

and the situation can be summarized as significantly worse in Canada.

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

#697

Post by samizdis »

The Atlantic has just posted a piece about this [0] in which it argues many points echoed in comments here. Chief among them:

> The Trump administration has one big idea about Canada: The U.S. is larger, stronger, and richer than Canada, so Canada must sooner or later surrender to Trump’s demands. That one big idea is wrong.

> Yes, Trump can hurt Canada more than Canada can hurt Trump. That part of Trump’s thinking is true. But wars are not decided only by the question Who can inflict more pain? Wars are also decided by the question Who can endure more pain? Trump’s failure to accept this truth is why he lost the Iran war—and why he is losing his trade wars.

[0] https://www.theatlantic.com/ideas/2026/08/why-us-canada-trad...

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

#699

Post by 01100011 »

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.

The US admin is basically Trump. Saying Trump will respect Canadian strength shows you are making the same mistake other people keep making in thinking Trump is somehow like them or is consistent enough to predict. I don't think Trump is a rational actor. He is a collection of ephemeral positions lacking coherence accumulated from random sources.

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

#700

Post by gyanchawdhary »

edgyquant wrote: post #673
brightball wrote: post #641

Earlier quoted context omitted.

I get that statistics can be manipulated but... https://www.ismworld.org/supply-management-news-and-reports/... > Economic activity in the manufacturing sector expanded in July for the seventh consecutive month, say the nation’s supply executives in the latest ISM® Manufacturing PMI® Report. > The report was issued today by Susan Spence, MBA, Chair of the Institute for Supply Management® (ISM®) Manufacturing Business…

[flagged]

it's remarkable how much presentation can distort ppls judgment .. they'll actually admire narcissistic behaviour as long as its wrapped in a polished and presentable package (the ex PM of cananda) and yet label the less polished, ill mannered person with common sense as the narcissist ..
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