Is everyone here sick? What's the reason to be on Canada's side here or is just always be on the opposing side of the "orange man"?
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Canada will match US tariffs 'dollar for dollar' as trade talks break down
821–830 of 1001 posts
Re: Canada will match US tariffs 'dollar for dollar' as trade talks break down
#822Re: Canada will match US tariffs 'dollar for dollar' as trade talks break down
#823Earlier quoted context omitted.
Tariffs end up being worse than taxes. They get collected, passed on to consumers, overturned by courts, and then handed to the companies that raided prices.
I think they proved last year that most of the tarrifs were not going to consumers. It actually worked as an excellent business tax that did not get passed on. High tariffs are leftist ideology.
Oh you think they did, huh?
Pack it in everybody! This guy thinks they worked as intended, that’s all the evidence needed! Case closed!
Ignore the way everything is more expensive. Ignore the way everything on digikey has a dedicated tariff column. Ignore the general chaos and the rest of what your lying eyes see, a hackernews throwaway account is pretty sure that the new tax on imports is unrelated to imports being more expensive.
Re: Canada will match US tariffs 'dollar for dollar' as trade talks break down
#824Earlier quoted context omitted.
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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.
Their core principles do exist. It’s really racism
Re: Canada will match US tariffs 'dollar for dollar' as trade talks break down
#825Everything 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…
Tariffs end up being worse than taxes. They get collected, passed on to consumers, overturned by courts, and then handed to the companies that raided prices.
They are worse in other ways as well. They reduce incentive for local businesses to be competitive. They also make it harder to be competitive because access to top manufacturing equipment becomes harder. To get incompatibility similar to Galapagos effect as tariffs remain.
Argentina and Brazil should be a warning example to everyone. The paper Argentina Paradox by Taylor gives good insights into how trade barriers played a fundamental role in hurting this once very prosperous economy.
Re: Canada will match US tariffs 'dollar for dollar' as trade talks break down
#826Everything 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…
That’s the point. He wants to crash the monetary market and he has allllll the investments in digital currencies, ai, data centers, energy, computation & weapons. Why prop up a system that literally tried to kill him and will wreck havoc on his family after he’s outta office stripped of power. Dude is operating on death ground right now.
> That’s the point. He wants to crash the monetary market and he has allllll the investments in digital currencies, ai, data centers, energy, computation & weapons.
I think you’re giving him too much credit. He is just a mouthpiece for various people, he can’t make a plan and stick with it, and never has.
Re: Canada will match US tariffs 'dollar for dollar' as trade talks break down
#827Earlier 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.
Yanis Varoufakis - aside from being radically left and becoming the finance minister in Greece after their financial crisis hit - is a professor in game theory and economics. He did a pretty good explanation of the difference between theory and practice in his Rest is Politics Leading podcast interview recently :). Sticks in my mind and well worth listening.
There's a reason his position ain't exactly the economic orthodoxy.
Re: Canada will match US tariffs 'dollar for dollar' as trade talks break down
#828Earlier quoted context omitted.
The sentiment here is that nobody wants U.S. citizens to be negatively impacted by trade restrictions or tariffs. We are figuratively and, in many cases, literally friends and family. (Aside, even if our provincial governments allow southern booze back on shelves, it'll stay there.) It would be decidedly un-Canadian to leverage electricity, potash, or other commodities necessary for survival in trade negotiations --…
You do realise it's the citizens that voted trump in? And you don't have to ban them, just make them more expensive. Your US brethren did vote for tarriffs. With that comes higher prices.
> You do realise it's the citizens that voted trump in?
When electing a candidate, not everyone endorses every specific policy of that candidate; casting a ballot does not imply total ideological alignment (nor even full knowledge of all policies), especially in a two-party FPTP electoral system. Many people vote based on broad messaging, loyalty, economic sentiment, or identity instead of in-depth platform analysis. To wit, Latino voters did not realise how helping to push ice-cold reds into power would affect their lives. They simply didn't know or understand. Now they do. Canada's next actions, counter-tariffs, and burgeoning global economic ties I hope will further open the eyes of mislead citizens.
Harris lost the popular vote by 1.5%, which does not a landslide make.
Re: Canada will match US tariffs 'dollar for dollar' as trade talks break down
#829Earlier quoted context omitted.
That not how politics works. It is much slower and hidden process. EU fast tracked Mercosur and other trade deals. China and Japan is slowly dumping US treasury bills, Canada is in open trade confrontation and is diversifying toward China. Everybody is shifting away from US weapons suppliers. Nobody is willing to help with Iran even on symbolic level.
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…
It's just for a headline. There is a folder with what they will actually tariff hidden in their treasury somewhere. Expect it to smash red states and things they want to protect - Expect Harley Davidson to take a kicking again. They can't reveal the contents of the folder until they are willing to announce the tariffs - it doesn't work.
Re: Canada will match US tariffs 'dollar for dollar' as trade talks break down
#830As a canadian, i'm so over this drama. They will either trade with us or they won't. If they don't it will be painful - but im happy with the government reciprocating in kind (so we arent being taken andvantage of), and then moving on as best as possible.
At some point you have to stop worrying about the things you cannot change. If trump wants a lose-lose deal, so be it.