this post was submitted on 01 Feb 2025
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Of the 14% of Americas imports that are from Canada under half are in energy or transport fabrication. The energy hits are much quicker to fix by importing more fuel from other nations.
I agree that the US auto sector hit will be harder but as for energy high enough tariffs will lead to a complete rejection of Canadian energy imports for US companies. This will be a loss for the US. But it will hurt Canada more. Tariffs are a zero sum game. The only way to win is to get everyone to agree to not play.
https://oec.world/en/visualize/tree_map/hs92/import/usa/can/show/2022
Hence my quote: