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.
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.
Canada has its own traitor in Washington who was involved in the Ohio fraud with JD Vance. They are besties. The fix was in as soon as they allowed this piece of shit sentient egg in the room.
EU has literally threatened USA that EU could stop respecting American IP in a trade war.
Trump and USA are getting what they asks for. Just not in the good way.
No if we really want to do that, we’ll jack up the price of electricity. The US imports a lot of electricity from Canada and it doesn’t have any other sources for it. US electricity demand has been skyrocketing due to data centre usage, so a massive price hike will grind the whole Al economy to a halt.
distract from Epstein files -> distract from war -> distract from tarrifs -> distract from Epstein files -> distract from war -> distract from tarrifs -> distract from Epstein files -> distract from war -> distract from tarrifs -> distract from Epstein files -> distract from war -> distract from tarrifs -> distract from Epstein files -> distract from war -> ...
Mr Carney said one reason the deal collapsed was US negotiators at the 11th hour introducing restrictions on Canadian trade deals with other countries.
I think this is the most important issue. The US administration is realising that other countries are making new deals around the US, and they are using trade pressure to revert that trend. Carney was right to reject the deal. It may hurt in the short term, but it also gives him the opportunity to develop new trade networks.
The problem in that scenario is that dollar for dollar will hurt the Canadian economy way more, as the American economy is literally 10 times bigger, it will also only hit USA 10% as much relatively.
We all need to boycott USA, because USA has become a rogue nation without respect for international law, and an international menace even to their "former" allies.
EU gave in pretty early on, and has accepted US tariffs without retaliation. But since that Trump has made threats on a couple of occasions, where EU has responded with threatening to escalate if USA doesn't stand by the agreement made last year.
Even threatening to not respect US IP. This has made Trump pull back and not escalate any further.
Yes. The EU accepted a deal they didn't like to buy time and pivot away from the US. Whichntheybare increasingly doing. People saw it as capitulation. The beurocrats saw it as not cutting off your nose to spite your face.
Most have learned that caving doesn't work. Standing up does. So they do.
There was quite a bit of disappointment when the deal was made, but EU had made the negotiation position of the negotiators impossible.
I think considering the madness on the other side, it was probably for the best, although it was a bad deal. And for sure in the long run, it will be bad for USA, because it is a significant part of why Europe is moving away from USA at double speed now.
Personally I would very much like to have our old friend (USA) back. But I don't think that will happen anytime soon. Because the distrust is not only in Trump, but in the American population. Which for some reason pisses many off when I state that in no uncertain terms here on Lemmy.
The alternative is the long term eroding of our ability to make sovereign trade and policy decisions.
We’re in this precarious spot because we relied on a single, stable majority trade partner for 30 years. The cost to prevent worse will not be nothing.
It's only natural to have the biggest trade relations with the countries closest to you. In that regard Canada is in a very bad spot geographically.
Canada has done very well fending for their interests, and I think the Canadian people has been a significant part in this, sanctioning American goods like Whiskey.
At least trade between EU and Canada is very good from what I hear, with Canada and EU making trade agreements that have been years in making, but were pushed forward by USA behaving like a maniac.
There has even been talk that Canada should be welcomed as an EU member if they want. 😎
I don't think that will happen. But I would be positively surprised if it does.
Canada has many friends around the globe, Canada is an extremely trusted country in basically all matters, very much unlike USA.
The US economy is AFAIK doing much worse than Canada, and the US dollar as a global reserve currency is declining rapidly. If that fails, it will be extremely expensive for USA, and you can easily add a couple of percentage points to their already high national bond yields. Making the US federal debt a HUGE burden for the economy.
The US has been rogue since WWII, they have just had CEO's and presidents who hid it better. Trump has no concept of this - he's a bully elected by his country to make America first. If anyone read Project 2025 they are in no way surprised by this avaricious and corrupt approach. The guy bankrupted five casinos. CASINOS!!!! They're made to make money and he fucked up five of them.
So toe-to-toe is like wrestling a pig, you both end up muddy and pig enjoys it.
We need to maximize our impact by going after the things only Canada can cost effectively provide: oil, LNG, tar, potash, lumber, water, financial products. And dump the F35 like a rock. It can only be used against us anyway; better we partner with the EU.
A small boat can maneuver better than a large ship.
It's more feasible for Canada to stop buying products from the US because it's possible to source products from elsewhere. Factories in Asia and Europe might have to hire some more people and put on an extra shift to meet the moderate increase in demand coming from changes in Canadian trade policies.
The US doesn't have that option in many sectors. It wouldn't be just hiring some more people to meet a shift in demand, it would require building whole new factories, establishing new mining operations, etc. That takes a lot of time. And given Trump's instability, no one wants to make long-term investment based on any of his policies. So Americans will just have to pay the tariffs on a lot of things.
The followup article with Kinew moreorless matches my opinion on it. This isn't going to be resolved this Election cycle. Carney really needs to just say "At this point trade negotiations are a waste of time and will not be looked into until at least 2028 and then we will go from there" because it's clear even if optimal conditions are met, this US administration wouldn't be trusted to actually follow the agreement regardless, and making concessions with the US over it is just going to get in the way of the Canada first mentality they are attempting to head towards.
The strategy should be to undo our reliance on the US for any trade at all and establish better global relations. Regardless of who comes into office in the future, the US has demonstrated they are not a stable or reliable partner in any respect.
This trade deal thing was always kind of a wishy-washy. On one hand we don't want people to lose their jobs and face economic hardship. On the other hand we don't want to give in to the US. Americans think it's about Trump, but we know that while some of his tariffs would be dropped by another President, not all of them will be. This is how it's always been with trading with the US. Trump is more extreme than most Presidents, but Americans in general don't deal with us honestly.
This is going to be rough. People lose their jobs on both sides of the border. But at least now there's clarity. No more maybe we should make a deal maybe we shouldn't. Now there's only: Let's fucking go!
Despite the US offer to Canada to receive the best treatment of any major exporter to our market. new demands and walk backs of other commitments by Canada have upended the careful balance reached in the past days," he said,
"This is a missed opportunity for Canada to partner with the United States, which is the fastest growing economy in the G7," the USTR added further
yeah, I don't care. you don't settle for a weekend of preferential treatment by an abusive partner
Let The Fun Begin! - Critical Minerals/NOPE - More Hydro Electric Energy/NOPE - Canadians Drinking American Booze/NOPE - Canadians Deciding To Visit The States In Big Numbers Like They Used To Before/NOPE - It's high time that our Canadian government, and all Canadians stand unwaveringly strong on this never ending train of ridiculous tariffs! ✅
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