Canada and Mexico hit back after Trump signs order for punishing tariffs
Canada and Mexico hit back after Trump signs order for punishing tariffs
Justin Trudeau, Canada’s prime minister, announces tit-for-tat 25% tariffs and warns of impeded access to ‘vital goods critical to US security’
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Damn it Canada! Tit for tat tariffs are not the answer.
Respond for sure, but now you're taking money out of your own citizens pockets to spite him. That idiotic.
Woah man, slow up with all the downvotes. This is a suggestion to think strategically instead of doing a reactionary show to "look strong". The reactionary show will fuck up small business and the majority of Canadians. Well thought out tariffs and other targeted measures will be more effective.
Tarrifs are simple, easy, and can be implemented immediately by the Prime Minister alone. All the other things listed in that comment are fine ideas, but require parliment pass laws, which is going to take time since we're approaching an election. I don't think it's appropriate to wait months before even starting the debate in parliment about what we should do.
There's also no guarantee any of those ideas would even pass into law. I doubt many politicians are keen on tearing up patent and copyright protection so Canadian companies can rip off American innovations.
So what do you suggest should be done instead?
I must admit that I'm curious if there are any goods from Canada that USA depends on. It could be hilarious if Canada chose to tax EXPORTS of such goods. Increasing US prices even more. Problem is I don't think there is much to do that on if any at all.
But an American lumber crisis like 2021 caused by Canadian export taxes undermining the entire US real estate market could be fun. 😋
Maybe Canada could tax oils exports, as USA despite being the biggest producer in the world, is still dependent on huge oil Imports.Examine CUSMA and do the opposite of what the US wanted...
Going after US tech is an obvious move. Digital services taxes, etc.
I feel like Canada being only 1/10th of the US's population, it doesn't matter much. It would be much better to hurt them with something fundamental to other parts of the economy, like lumber, oil, parts...
Some others have ideas.
That post by Merc has a lot of good ideas, when it comes to it, USA is making a lot more money on services, that could be freely copied, while USA is way more dependent on actual goods.
In such a trade war, I think USA would surely lose.
I doubt it would ever happen, but they could redistribute the money from those tariffs back to citizens. It would be a net positive for people who choose to get goods made locally or imported from friendly nations.
Would you like to turn the other cheek?
Self harm isn't an effective strategy. Do something that actually hurts the US.
Selective tariffs that impact exports from swing states without increasing the prices too much is an effective strategy. The EU already used it successfully against the US a few times (basically every republican president needed it as a warning shot)
YES. Can we listen to this? We do have complications of not being close to other trading partners, but this is a more reasoned approach that has worked.