this post was submitted on 22 Aug 2026

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'Unfair': Canada suspends trade talks with US, PM Carney says will match tariffs 'dollar for dollar' (timesofindia.indiatimes.com)

submitted 1 week ago by stumu415@lemmy.zip to c/world@lemmy.world

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[–] rbos@lemmy.ca 52 points 1 week ago (3 children)

Matching "dollar for dollar" is dumb. We have to do things that hurt us little while maximizing their squeal.

Digital Services Tax needs to go in immediately. Tax exports of electricity and fuel. Lift trademark and patent restrictions. Repeal or amend the Copyright Modernization Act to eliminate DMCA style fuckery.

We can hurt them while benefiting from removing their shitty policies forced on us.

We should not try to fight toe to toe.

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[–] Rat_in_a_hat@lemmy.ca 30 points 1 week ago (1 child)

We need to do like Europe and get our government administration off of US tech companies

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[–] Frenchgeek@lemmy.ml 4 points 1 week ago (1 child)

Finally! The year of Linux on the (governmental) desktop!

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[–] grrgyle@slrpnk.net 3 points 1 week ago

Do schools too and watch what happens. Windows sucks prettty damn bad if you aren't indoctrinated to use it from a young age.

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[–] SpaceCowboy@lemmy.ca 19 points 1 week ago (1 child)

Canada owns near to half a trillion dollars in US bonds. Wonder what would happen if that was sold all at once?

We just saw the US bail out Japan (which owns about 1.2 trillion) to avoid Japan selling those bonds to bail themselves out. Really stupid of them to do that and then the next week play hard ball on another country that owns sizable chunk of US debt.

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[–] UnderpantsWeevil@lemmy.world 6 points 1 week ago (3 children)

Wonder what would happen if that was sold all at once?

Canada would take a massive loss on the sale while the private markets and the Federal Reserve casually absorbs the influx of new notes at a discount.

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[–] CeeBee_Eh@lemmy.world 2 points 1 week ago (1 child)

It would tank the value, which would trigger other parties to quickly do a sell-off, which would further tank the value.

It would ultimately result in a cascade effect that drops the US dollar value to unprecedented lows.

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[–] UnderpantsWeevil@lemmy.world 1 point 1 week ago* (1 child)

It would tank the value

Temporarily, and not nearly as much as you'd guess.

The appetite for treasuries vastly outstrips the supply.

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[–] CeeBee_Eh@lemmy.world 3 points 1 week ago

That's the traditional viewpoint, sure. But as each day goes by the rest of the world is looking for more ways to circumvent or outright cut out trade and reliance with the US.

There's a reason why 5 years ago BRICS was kindof a joke, but today it's taken very seriously.

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[–] SpaceCowboy@lemmy.ca 2 points 1 week ago

I'm not talking about US dollars, I'm talking about bonds.

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[–] rbos@lemmy.ca 1 point 1 week ago

It would definitely be dumb to let them go all at once. You'd want to dovest carefully. Or do some bond swaps, perhaps. Exchange some for euros or yuan.

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[–] SaveTheTuaHawk@lemmy.ca 3 points 1 week ago

For every $1 we get, they get $10.

Two fucking idiots posturing.

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