I'm sorry. As an American. The United States has no business treating Canada like some hostile foreign power. We're a grotesque country right now.
Canada will match US tariffs 'dollar for dollar' as trade talks break down
721–730 of 1001 posts
Re: Canada will match US tariffs 'dollar for dollar' as trade talks break down
#722Earlier quoted context omitted.
One would think so, but is that really true? Some numbers I just got: - the US imports 60-70% of its oil from Canada - 100% of the natural gas - 85% of energy imports - 25% of Uranium - 20% of all mineral imports, ahead of China - the Great Lakes hold >80% of the USA's fresh water - patrolling the almost 9000km border is mostly up to Canada Despite the size disparities, they run close to a trade equilibrium: US expor…
And Canada has also been passing up an absolutely enormous opportunity for industrial growth by spending generations supporting American industry by remaining a primary resources economy.
... by choice/design of its own leadership :-(
Man, I remember watching the '88 election debate as a young teen. So many people were saying this then. Look at us now.
Re: Canada will match US tariffs 'dollar for dollar' as trade talks break down
#723Earlier quoted context omitted.
the bilateral deals signed means we (the world, minus the US) is already divided. Got to scrap those deals first, which isn't going to happen. The shark has scattered the shoal and we're all going to get picked off - perpetually signing worse deals, then having to renegotiate again before signing ever worse terms.
Why does any country need a deal with the US? Canada is more integrated than anybody and they are walking away. Canada believes productive trade with the rest of the world is better than a bad deal with the US. China was prepared to do the same. The world should take notice.
Exactly. If Canada can do it, who can't??!?
Re: Canada will match US tariffs 'dollar for dollar' as trade talks break down
#724Everything 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…
"regressive religious minority" yes, Israelis and the evangelicals that worship them.
Re: Canada will match US tariffs 'dollar for dollar' as trade talks break down
#725Earlier quoted context omitted.
Absolutely agree; but it's never too late to react. Europe could impose tariffs on US tech or forbid it altogether to bid on government contracts. Etc. What are we waiting for.
> What are we waiting for. Responsible governance around something like when and how to retaliate (if at all) against tariffs comes down to one of the most fundamental forces of economics and trade: real leverage. Whether or not the US should exercise its leverage to attain outsized and favorable terms on the economic stage is the peanut gallery conversation that happens on social media. The two worlds couldn't be fa…
That's just not true. Geopolitics isn't maths, never has been, never will be. Maths is an input amongst many, and doesn't decide the outcome.
Re: Canada will match US tariffs 'dollar for dollar' as trade talks break down
#726Earlier 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]
[deleted]
Re: Canada will match US tariffs 'dollar for dollar' as trade talks break down
#727Everything 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…
Hope the voters remember this for the next couple election cycles.
The voters watch Fox. They will not see this.
Re: Canada will match US tariffs 'dollar for dollar' as trade talks break down
#728Very interesting speech and Q&A from Prime Minister Carney on YouTube https://www.youtube.com/watch?v=Dx9ExdjaREg . He provides some details about the last minute demands that the US made including restricting Canada's ability to trade with other countries. He also refers to the US signature as being written in "pencil".
My favourite part was the face he made when he was asked about Lutnick's last minute involvement potentially changing the negotiations.
The words were mostly diplomatic. The expression was not.
Re: Canada will match US tariffs 'dollar for dollar' as trade talks break down
#729[deleted]
Re: Canada will match US tariffs 'dollar for dollar' as trade talks break down
#730A few months prior to the midterms is exactly the right time for this sort of action. If the voters keep seeing prices increase because of Trump's tariffs, it increases the odds that the republicans will lose the legislative branch and will be able to act as a check on Trump's power. Ideally some other countries will follow suit. This will cause some short term pain for Canada, but hopefully they'll have a less insan…
Unfortunately I think the only usable big lever we have as Canadians -- wine/beer liquor imports and people choosing to restrict personal travel to the US -- has already been used. We cannot and will not exercise energy or potash restrictions. And import tariffs are unlikely to be substantially impactful enough for Americans to notice enough that it alters their decisions at the ballot box.
I would however urge my fellow Canadians to continue to or start boycotting goods from the US and travel to there, generally.
And likely encourage Americans to come visit here. Come ski here this winter. You're more than welcome here.