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Does this break/invalidate the existing free trade agreements between the countries? Does this mean that NAFTA and TRUMPFTA are now void?
Didn't he resign?
Hopefully this trade war doesn't devolve into an actual war....
Possibly why he decided not to tax energy.
How long does it take to reach the US? Couple months?
Why does this say 25 per cent instead of 25 percent?
That's just how it's spelled in some places, namely large parts of Canada. Which is likely where this article is from considering the website has Toronto in the name and is talking about the prime minister of Canada.
25 per hundred. 25/100. 25 per centum.
It means you pay 2500 on the dollar. Get tariffed bitch
As an American, I'm rooting for Canada.
But this all feels very by design of Putin to fracture US alliances.
both Canadian and American retirement portfolios will suffer. i don't know why anyone would root for such a thing at all
I’m so upset at my Canadian family members who supported Trump.
I got an uncle who was constantly saying he supports trump cause he’ll “run the country the country like a business” - i don’t think either trump or him actually understand business all that well.
I hope Canadian-European relations get stronger, and hopefully Canadian-American relations will be rebuilt once this fucker is gone
The "run government like a business" crowd gets to me. I'd like to see business run like a government. Owned and controlled by the workers.
It's one of the dumbest perspectives I've heard that continues to irk me. Why the fuck would you want something that's supposed to do X to do Y instead?
My mum last night on text.
"We’ll see what shithead Trump retaliates with tomorrow. The only way to stop the maniac is with a bullet!"
"Have you noticed how shithead has not left the White House since he was sworn in?"
"Trudeau is doing a great job!" (Referring to the presser)
I'm glad I don't have your family OP
Edit - for the kids out there my mum is 74. She's a baby boomer. Some of them are good people. They are not well off. I told my parents with the tariffs coming if they find themselves struggling to let me know because I will help in any way I can.
“Have you noticed how shithead has not left the White House since he was sworn in?”
I guess she hasn't noticed shithead was back on the golf course a week after he was sworn in.
Cut her some slack she's 74 lol
Does your uncle realize trump was able to bankrupt a casino? Where they can can almost literally print money. And not just one, but three of them. This man is literally one of the most inept businessmen I have ever seen.
He is incompetent, confused and weak. Just what Putin wanted.
3 casinos. Trump bankrupted 3 casinos.
That's the fallacy that I thought was learned back with Ross Perot. You don't run a country like a business. It's a government.
I'm pretty sure that people who say they want to "run the country like a business" just think it sounds good but haven't put 2 braincells worth of thought into it. Businesses exist to make money. Government exists to serve citizens.
Do you want firefighters showing up to your burning house and asking for a credit card before they put out the fire? Or maybe have the post office decide that it's not profitable enough to service entire states? The whole idea is moronic.
And it's dumb, because, in the end, where is all that profit supposed to go?
The answer obviously is, to improve the country and the quality of life of its citizens, so we're back to square one anyway
Also the USPS is too busy delivering papers full of ads and junk mail, rather than investigating mail theft.
I mean, America already charge their citizens for healthcare, so they're not that far off from your hypothetical
Do you tell him that Trump has filed for bankruptcy six times with his companies? What does that say about his business acumen? How often has your uncle filed for bankruptcy?
That doesn't work. The hardcore Trump supporters think bankruptcy is a genius life hack to get out from having to repay debts.
They actually believe it's smart to borrow money, hide them in other businesses and personal accounts, then declare bankruptcy to keep the money. To the rest of the world, that's called "embezzlement."
Don't forget the inflate the value of your assets so you can borrow even more money, but declare them as a lesser value on your taxes.
Now that is a leader! His comments underline the senselessness of these tariffs:
“If President Trump wants to usher in a new ‘golden age’ for the United States, the better path is to partner with Canada not to punish us. Canada has the ingredients necessary to build a booming and secure partnership for the North American economy and we stand at the ready to work together.”
“We will stand strong for Canada. We will stand strong to ensure our countries continue to be the best neighbours in the world.”
How could you not ask for a better friend even when you're (US) being an asshole?
Stupid Flanders!
Wouldn’t a subsidy or tax incentive for things produced domestically be a more beneficial way to combat tariffs?
How so? These would increase demand for things produced in Canada, not really harm America. These are retaliatory tariffs, so the latter is the point here.
Correct me if I'm wrong, but for things that are made in both Canada and the US, if you increase demand for the version made in Canada, your country benefits, while hurting the US, since less is sold, so less money earned. Citizens are the ones paying tariffs anyway
It also hurts every other exporter instead of just USA, so it's pissing everyone off.
One problem is that a lot of manufacturing has left Canada. So, with an increase in demand for Canadian products, it would take a while to ramp up production. Most likely what will happen is that we would just import more from other countries (most likely China). And, then, much like what happened after the government injected cash into the economy during the pandemic, we'll suffer more inflation than what is healthy for Canada.
If we had the manufacturing capacity to be self sufficient (oil refinement and gasoline production is a big one that we let USA do), then your idea might work.
However, I don't think that Canada's purchasing power (on an individual consumer level) is strong enough to put a dent into USA manufacturing sales... Our population is only approx 1/10th that of the USA.
The thing is: It'd be too roundabout to have the desired effect or message. Subsidies and tax incentives are good tools for strengthening your economy and lessening your dependence on exports, but they're not really going to create the kind of sharp downward curve on sharesholders' graphs that'd be considered retaliation.
The Trump administration says it put the tariffs in place to force China, Mexico and Canada to stop the spread and manufacturing of fentanyl, in addition to pressuring Canada and Mexico to limit any illegal immigration into the United States.
Can anyone else see any actual logic to this? Do the Trump Republicans really believe this, or are they just saying it? What do they really want to achieve, apart from Trump being able to see himself as a tough guy?
Saw a policy expert say it's a mixture of 3 things really:
source: https://youtu.be/2I1L1fXaYDs
Lol on the switch from income tax. I haven't heard a peep about that since before the election. Everything is just going to cost more now and I'm still going to be paying income taxes.
They absolutely want to implement a national sales tax. They've been talking about it for a very long time and now they have the power to do it. And it's very much a "fuck the poor" policy.
There's no logic to it at all. It's absolutely not about that.
Almost no fentanyl is getting into the US from Canada. A vanishingly small amount of illegal immigration occurs through the Canadian border.
It's just fascism and imperialism.
The majority of fentanyl being smuggled into America is being smuggled in by American citizens. It's not like cocaine or cannabis. You can smuggle a huge amount of fentanyl in a tiny bottle. Why risk sending it with an undocumented person?
Tat, meet Tit.
I order a decent amount of coffee from Canada and am pretty miffed about this on a personal level not to mention a philosophical one.