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[–] 42 points 1 month ago* (3 children)

Trump to hit Canada Americans with new 50% tarrif on Canadian goods.

FTFY. Mexico didn't pay for the wall, Americans did. Canada doesn't pay the tarrifs, Americans do.

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  • [–] 2 points 1 month ago (1 child)

    Sure but as prices increase people purchase less Canadian goods, so still hurts us.

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  • [–] 2 points 1 month ago

    Maybe there will be fewer purchases. But only if a few conditions have been met:

    • there is an alternative product; and
    • buyers can switch to the alternative product; and
    • the alternative has characteristics that make it more desirable than the Canadian product once prices rise from tarrifs;

    Or

    • people can choose to not buy a product at all.

    If the Canadian products are still the cheapest (or cheap enough), better enough in some other quality (e.g. not diarrhea inducing?), if buyers are locked into long-term supply agreements, or if people just need the product because there are no alternatives and not buying isn't an option, then tariffs don't impact total sales for those products directly.

    It would be interesting to see a breakdown of the tarrifed goods against how elastic the demand for them is.

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  • [–] 1 point 1 month ago (1 child)
  • [–] 2 points 1 month ago (1 child)

    Your statement is contrary to factual reality which can be physically verified. Trump built 705 km of new primary barrier in his first term. Biden actually ended up adding to the wall after initially stopping construction. Since Trump's second term, wall construction has restarted with plans to complete the wall before the end of his term. None of this construction has been financed by Mexico.

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