Interestingly, Australia didn't retaliate against China. We keep buying the Chinese stuff at the usual cheap prices, and found other markets for our goods they banned. China paid more, or did without. So we didn't have any leverage, but China normalised trade with Australia after a while anyway.
I have no idea which way it will go here, but "USA big, Canada little, so USA wins" isn't a foregone conclusion.
Perhaps the most nimble nation wins. The most nimble nation usually isn't the one putting up trade barriers and antagonising neighbours and friends. I reckon you'll know the outcome by the end of Trump's term, if it said term doesn't continue forever.
Comments like this, sarcastic as it may be, help to normalize the idea.
America will not be able to do the same right now (due to Trump's rabid isolationism, and declining trust on the part of other countries).
USD to CAD has front ran a lot of this already. 1.45 is crazy.
The idea Canada can so easily re-route trade is absurd. Especially when the trade is going to be settled in USD.
I have been trying to understand the point of all this and come up empty this morning. I would have to assume it is for enormous leverage in the trade deal that ultimately ends all this. The leverage this gives the US in a trade deal, especially with Canada is pretty incredible.
25% is just so insane that it probably does cause Mexico and Canada to concede to whatever Trump wants in a trade deal and in short order. I think this is why Trump won't even take a call from Trudeau right now. It is a leverage tactic and then when they do talk what leverage does Trudeau have? Basically zero.
Our economy is already down. All of our tech elite move to Silicon Valley. Our energy infrastructure cant get off the ground. The USA dictates so much of what Canada is able to do.
What is the point of squeezing us more? We have so little we can offer you.
We've already given you the lives of our soldiers as we follow you into pointless wars. What more do you want? The pennies in our pockets?
Pretty much yeah. US wants to tax you, subject you to their religious laws, and take your oil. What are you willing to do about it?
In the meantime, we are carefully and cautiously reminding the United States that we fought many of the same wars and learned the same lessons as the US military about how insurgencies are fought, and while many of our friends, family, and neighbours are American, we are not, and do not want to, and will not be American. Do with that what you will.
Yeah, they are like 1933 Nazi camps, not 1945 Nazi camps...
The road to Nazi Germany was paved by people, like you, who looked at the obvious and dismissed it as hyperbole until the truth became unbearable. You're literally that guy in the "are we the baddies?" meme.
They are doing Nazi salutes and setting up out-of-country concentration camps to which they will send individuals they deem "illegal" who have been labeled by the head of state to be "poisoning the blood" of our nation.
This sentence is true in America today, and in 1933 Nazi Germany.
As for anyone who is offended, send them my way and they can give me an earful, and we can talk it out. But when I see a Nazi salute, I'm calling it out; I don't care who it offends.
> Late Saturday, Canadian Prime Minister Justin Trudeau said his country would impose 25% tariffs on more than $105 billion of U.S. goods. “We didn’t ask for this, but we will not back down,” he said, warning that American jobs in their auto and manufacturing industries were at risk.
> A first wave, set to take effect Tuesday, will hit $20 billion of imports from the U.S., including alcohol, coffee, clothing and shoes, furniture and household appliances. On Sunday, Canada released a list of tariff targets, including products from Republican-leaning states, such as whiskeys from Kentucky, oranges from Florida and appliances from South Carolina. Government officials on Sunday also said they were targeting motorcycles in Pennsylvania, which has a Harley-Davidson plant in York, Pa.
> A second wave on an additional $85 billion of goods would include tariffs on cars and trucks, agricultural products, steel and aluminum and aerospace products. The second phase will begin in three weeks, to give businesses enough time to stockpile and find alternatives.
https://www.wsj.com/economy/trade/canada-mexico-want-america... | https://archive.today/WRDZt
The only reason America will feel significant pain from our own tariffs on Canada is because without it, the tariffs on Mexico are voided as Canada has free trade agreement with mex that would make black market proxying through Canada trivial. I suspect that's what this is really about, Canada has to be in lockstep or themselves tariffed for the Mexico tariffs to be persuasive upon Mexico. Otherwise cartels just route white market goods to Canada under shell companies and then to us at no tariff.
The Canadians should find some other way to punish us than cutting off their nose to spite their face imo. A tariff is totally unpersuasive especially in light of the comparative trade dynamics.
This is the vibe of a bully taking a kids lunch money and then saying 'What are you gonna do about it?'
I'll never forget this feeling. The world is watching.
The world is transitioning from a "rule of law" order to a "rule of jungle" order, where might makes right.
People who understand this will have an easier time in the new world order. The goal now is to make it through the inevitable war, and try to set up a better rule of law next time.
Canada is the first test. The way to handle America is to use the only language bullies know: force and strength. Never back down. Never give an inch. If Canada tries to negotiate, it's done. Whatever agreement is reached, America will renege, and Canada will lose.
The problem is that the USA is capable of far more force and strength than Canada is. It's like an abusive relationship, but one where due to geography, Canada cannot simply leave.
The claim about drugs is a legal justification for the use of emergency power. Canada isn’t causing problems for US. These tariffs are harmful and unfair to Canada.
It makes you wonder what “ally” means with US.
* Canada funds and invents new technologies in early stages, but fails to commercialize them: AI, smartphones, pharmaceuticals, …
* Canada hasn’t introduce measures to retain its talent. It’s too easy to be trained in Canada and work in USA.
* Canada hasn’t diversified its trade. It exports around 80% of exports to a super power, putting itself in a vulnerable position.
* Canada’s economy focuses on natural resources, oil, finance and services. It should do a better job in more productive sectors (tech, manufacturing, etc).
* Canada’s immigration is insane.
* The housing crisis, inflation, reduced GDP per capita and productivity are the result of poor management.
* Canada should stay neutral with respect to internal politics of major powers. The power swings, and liberals should not speak ill of republicans.
* Canada should meet its NATO commitments. It contributes less than most members. It should think of defense.
* Canada’s universal healthcare system seems to me costly and hard to sustain, and needs to be reformed to lower public costs.
Thankfully, tariffs are delayed, and hopefully will not be slapped back.