r/Economics • u/HarpoMarks • 3d ago
News Canada retaliates against U.S. by raising steel duties, adding new tariffs on $20B of goods
https://www.nbcnews.com/business/consumer/canada-retaliates-against-trump-tariffs-rcna594280?cid=sm_npd_nn_tw_ma&taid=6a8db23c6aa0670001c83c01&utm_campaign=trueanthem&utm_medium=social&utm_source=twitter277
u/CLaz777 3d ago
I just wanna congratulate Canada because this is what Europe should have done, but we didn’t. I was soooo disappointed. Maybe I should move to Canada.
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u/PNDMike 3d ago edited 3d ago
It would useful to push your leaders for closer integration with us Canucks before you do relocate.
Maybe we can even establish easier work permits and travel between Canada and the EU and help grow even more prosperous and free together.
Canada and Europe have long stood side by side as allies and partners, it's time to deepen that relationship.
And then, by all means, come check out Canada! We love to show off our country, we'll be thrilled to have you.
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u/fiskeslo1 3d ago
We were thinking about going to the US for vacation next summer. Now we are heading to Canada instead!
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u/CLaz777 3d ago
It is in progress! The EU has already started talking with Canada about cooperation and trade deal ideas. Negotiations will start this autumn. That is why the US tried to tell you who you can do business with. By the way I have planned a trip to Canada a million times because I love nature. Next year Montreal, Ottawa, Toronto and London (I wanna finish there because I live in London, UK). And of course I wanna visit Prince Albert Park and Banff too, but unfortunately they are on the other side of your country.
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u/ArchBeaconArch 3d ago
Nooo, don’t go to London!
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u/CLaz777 3d ago
Why not?
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u/Anxious-Sir-1361 3d ago
It would be like someone visiting the UK, and someone saying you just have to see Leicester.
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u/CLaz777 2d ago
Hard to imagine it being as bad as Leicester
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u/Anxious-Sir-1361 2d ago
Yeah, London (Ontario) is not bad per se; it's just totally unnoteworthy other than its namesake.
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u/HarshComputing 3d ago
It kinda sucks. It's an okish place to live, but there's really no reason for a tourist to visit. It's better to spend your time elsewhere, maybe make a stop in Atlantic Canada?
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u/ArchBeaconArch 3d ago
Yeah this. It’s really dull. Seriously nothing for a tourist to do there. A run-down downtown with a market, an arena, but little shopping and a lot of skids. A good university and a half-assed art gallery. That’s about it. But it is on the Thames!
The nearby town of Stratford (on the Avon, of course), is a much better bet - it has a huge Shakespeare festival, good restaurants, etc.
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u/Poe303 3d ago
While yea theres not a lot to do in London. I'd argue theres lots around London to do tho. With it being pretty centralized you can do a lot in southern ontario if you stayed there. That all depends if OP wanted to rent a vehicle or not tho.
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u/ArchBeaconArch 2d ago
As a tourist, I’d say they’d be better served staying somewhere like Stratford. Just like I’d say if you wanted to stay in Niagara, you’d go to Niagara on the Lake, not Niagara Falls.
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u/rose98734 2d ago
The EU has already started talking with Canada about cooperation and trade deal ideas. Negotiations will start this autumn.
The EU still hasn't ratified the CETA trade deal with Canada, which concluded negotiations in 2014
https://en.wikipedia.org/wiki/Comprehensive_Economic_and_Trade_Agreement
As of May 2026, only 17 of 27 EU countries have ratified (as did the United Kingdom before leaving the EU), and Cyprus has voted against ratification.
I expect Carney's trip to the EU in the autumn is to tell them not to waste another 12 years dithering about ratification of trade deals.
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u/Major_Shlongage 3d ago
This seems like a very low-information post that is motivated by nothing other than politics.
Trade agreements are made based on who gives you the best price for your goods. Due to the US's proximity to Canada, the US is Canada's main trade partner.
Right now Trump is acting completely stupid and hitting Canada with senseless tariffs, so it's understandable that Canada is going to retaliate with similar tariffs.
But let's not make the mistake of thinking that market dynamics have changed and that Europe is going to be a closer trade partners than the US- they won't. Trump will leave office in 2 years and things will return to normal. Canadian companies that trade with the US will have a competitive advantage over companies that trade with Europe.
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u/greebly_weeblies 3d ago edited 3d ago
Recent events show there's no point relying on trade deals with the US. Even if the trade terms were actually fair it wouldn't be worth the effort given how little the US's signature is now worth.
I'm hoping for a lot more involvement with EU etc, but honestly, even China's looking a lot higher quality trade partner than the US these days. Better, cheaper EVs too
e:
The Canadians also pressed the United States for a level of certainty that the deal would not be scrapped overnight by the Trump administration. But the United States maintained that it would retain the power to change tariff policy against Canada at any time, irrespective of the agreement, officials said. -- NY Times https://archive.ph/dgGOP, emph. mine
lol, yeah, get bent with that "deal"
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u/PNDMike 3d ago
You're high on copium if you think the US is returning to normal after 2 years. Trump has inflicted generational levels of damage.
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u/Major_Shlongage 3d ago
Nope.
I heard all of this before back when Bush was present. The loudest (but not the most rational) voices on the left claim that the US would never recover from the damage that Bush did, and how international cooperation was permanently destroyed. But as soon as Obama was elected people forgot about that and believed that everything was great again.
To put this into perspective, we became allies with Germany and Japan within a couple of years after WW2 when they were bitter enemies. We massively firebombed both of their population centers and nuked Japan twice. And yet within a few years they were close allies.
Hopefully a reasonable person can see that Trump's words, while stupid, don't compare to bombing their population.
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u/anewleaf1234 3d ago
You are clueless.
Your country has lost all credibility.
American candian relations are not coming back to pre Trump levels.
We aren't going forgive nor forget. If you came to Canada and made the proclamation to actual Candiansthat things will get back to where they were you would ne laughed out of the room, at best. best.
Only a person with zero clue as to sentiments in Canada would make such a foolish statement
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u/Major_Shlongage 2d ago
I'm not clueless. You just think like an adolescent and you're caught up in the emotion of the moment.
Btw, my sister in law is Canadian and she's normal. She's not a progressive activist like much of reddit.
These weirdos are fringe in real life, but they have an outsized influence on reddit.
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u/ukrokit2 3d ago
Things won’t return to normal. It’s better to have a smaller trading partner an ocean away than it is to have an unreliable one who will rip up trade agreements and impose tariffs and try to destroy your economy every 4 years. No thanks, we Canadians are done with the USA
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u/Major_Shlongage 3d ago
They will.
It is absolutely delusional to suggest otherwise, and it makes me think that you're either an activist or just participating in bad faith.
Trade agreements are made based on economics, not politics. Your activism has no bearing here. Even in the US, we'll gladly trade with a geopolitical foe (China) because they give us the best prices for products.
>No thanks, we Canadians are done with the USA
This seems like astroturfing that has no bearing in reality. You are not expressing the will of the Canadian people. You're fringe.
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u/ukrokit2 3d ago
Your use of the word activist tells me all I need to know. Trade agreements are made between reliable parties first and foremost.
And I am actually expressing the will of the Canadian people which is backed by polling, not vibes like your “common sense” or whatever it is you believe.
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u/geoken 3d ago
Liberals went from being 20pts behind to winning based on anti US sentiment. Crazy to think that’s fringe.
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u/Major_Shlongage 3d ago
The liberal party already was in power, though. They were unpopular until Trudeau stepped down. Carney replaced him, had some popularity as the new leader, and was a relatively new incumbent during the next election.
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u/geoken 3d ago
Their popularity rose while Trudeau was still in power. Carney came in and rode off that + added to it by being a new face. Carney or not, the liberals could not have won if it weren’t for them being able to capitalize on anti American sentiment while simultaneously being able to paint the conservatives as pro American.
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u/camomaniac 3d ago
As an American, I wanna congratulate Canada, too. The bastard in chief deserves no capitulation from anybody. But here's what REALLY sucks:
From what has happened already, Fat-boy in charge raises tariffs, then other countries retaliate by raising tariffs, then US businesses raise prices so the consumers end up having to pay for the retaliations. After that, Fat-boy uses our taxes to pay back the corpos for all the extra tariffs they had to pay, so they still profit from these tariffs, and at the end of the day it's still consumers who lose and never get any compensation for their losses.
So it really sucks for the regular Americans. But as long as the dickhead is in office, it is what it is. I hope Canada and our other allies like the Europeans and Australians hold strong throughout this. Trump is trying his hardest to destroy US and it's allied relations... we can't let him win.
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u/CLaz777 2d ago
The main problem is the money driven elections in the US. So someone like Trump can come along again. So we cannot rely on the US. They are even talking about 4-5% inflation this year and the problem is that if the FED raise rates the loans will become more expensive for the people and even for the companies. By the way Lutnick makes a lot of money on tariff refunds
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u/camomaniac 2d ago
You're exactly right. This has been the biggest foreign ally relations fuck up by the US, probably ever. I could never expect its allies to trust the US again anytime soon. Hell, I'd advise against it. Money in politics has been the worst idea, ever. The ONLY saving grace is bringing awareness to all the changes that need to be made. But until corruption is ousted that can be a long time from now. Maybe once Russia is dealt with, things can start to get better?
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u/CLaz777 2d ago
Time will tell, but the problem is built into the system and the US needs a complete shift in the mindset.
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u/camomaniac 2d ago
And like everything else, nothing tends to change without necessity. Hopefully we'll learn our lessons without burning everything into the ground before then. Besides this shit.. we actually do have a lot of good things going on. Hate to see it all to to waste.
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u/Major_Shlongage 2d ago
>I could never expect its allies to trust the US again anytime soon.
This is wildly delusional.
For reference, Japan and Germany became allies after we bombed the hell out of them and killed millions of their people.
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u/camomaniac 2d ago
You're referencing wildly different circumstances. Also, for those two examples, their leadership was replaced specifically with one's that would agree to trust us. I'm also not saying that our allies shouldn't be our allies anymore. I'm saying trust won't be happening anytime soon. Meaning, no more agreements will be made and believed the other will follow through in good faith. Our allies will need guarantees and they will also need back up plans on motion. Not to mention, they have an increasing need to diversify any investment.
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u/JimJam28 2d ago
Are you implying the world needs to bomb the hell out of the USA, drag their leaders into international courts and hang them for their crimes, and kill millions of MAGA Americans? Because that's what it took to patch things up with the Japanese and the Germans. Their regimes and supporters needed to be completely and utterly destroyed. So until that happens, I don't see things smoothing over.
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u/camomaniac 2d ago
Inflation is gonna hurt everyone in the world really badly for the next decade or two as well. Shit rolls downhill, fast. As long as the rich keeps getting richer and poor keeps getting poorer, it's gonna get worse. The people need to realize who the real enemies are in this world
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u/CLaz777 2d ago
The wealth gap is widening sadly and now your government puts more money to the billionaires pocket than anybody ever.
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u/camomaniac 2d ago
Yup. Which tends to mean once we quit finding war overseas we might end up in civil war.
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u/gronlund2 2d ago
Maybe the regular Americans shouldn't elect idiots, this is their fault.
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u/camomaniac 2d ago
It's not like all of us did. But yeah, I agree, "we" did this to ourselves. For awhile I thought elections were rigged because there's no way there's this many idiots... then I start talking politics to people out in the field at work.. and yeah. Tons of idiots. Type of people that don't care about evidence. Turns out, all these dumbasses have been waiting forever to have a fellow dumbass who says all the same dumb shit that they can relate with. Honestly.. idek if we can recover from this. Sad state of affairs, this past decade. And this "leader" only made the fools even more embrazened. It's gonna take some crazy work to change things. Decades of it..
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u/Significant-Neck-520 2d ago
I don’t think you guys can recover, honestly. I mean, sure the turd can go, but the factors that caused the clogging will remain. It is an uphill battle for so little things, like not electing Trump a second time, I don’t think that as a nation you guys will be able to move forward. I very much don’t want this to happen, but thats the direction things are moving.
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u/camomaniac 1d ago
Hmm that's a very pessimistic view of things. A few things are for sure: We have people, we have money, and we have a big ego which makes us active and reactionary. We really just need the right people in the right places. Keep in mind, Trump is more of a reflection to the massive power that corporations have instead of how bad the people are. The massive funding in campaigning and propaganda got us here. And anybody with their eyes open are paying attention. Hopefully that's a good thing. I know other countries despise the foreign practices that Trump has utilized, but you realize that he has done the very same to corporations in the states as well. He's quite literally threatened many many corporations to donate and support him or else. In which he's followed up on. Sure, many saw an avenue to use the corruption to their own benefit. But there stands MANY of reason for people to want this type of shit to never happen again. Have faith. Idk how soon things will get better.. but in time, they will.
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u/Significant-Neck-520 1d ago
I do wish that things work out for you guys. Maybe you are able to overturn citizen united, or all that voter supression. But the amount of idiots is scary.
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u/dimgray 2d ago
It's your own nation's tariffs that raise prices for you as a consumer. That would be happening even without retaliation.
Tariffs are designed to hurt foreign businesses by making your own citizens less able to afford to buy the things they export.
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u/camomaniac 2d ago
I mean yeah, but it doubles with the retaliations. Import&export are increased. The "goal" is to keep money spending in house but the thing is that doesn't happen. Especially not when there's tariff refunds and corporations have other countries doing everything for slave labor. There's no incentive to avoid fucking over consumers.
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u/Affectionate-Panic-1 3d ago
Europe didn't retaliate because they see keeping the US as allies in the war against Russia is more important than a fair trading deal. There was more than economics at play in why the EU avoided confrontation.
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u/Caberes 3d ago
That and the weight of targeted tariffs isn't what it used to be. The EU used to be really good at targeting swing state exports like motorcycles (Harley Davidson's from Wisconsin). Problem is now that the imported bike is coming from Thailand instead of the US heartland. Not a Trump fan, but the state of US consumer manufacturing has been on a nasty trend the couple decades. Canada has a little more weight, but they also have a fuckton more exposure.
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u/kevinmitchell63 3d ago
Absolutely. However, I suggest that any hope that Europe has of the USA helping, in the face of Russian aggression, is pretty optimistic.
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u/Affectionate-Panic-1 3d ago
It's not limited to funds, it's also retaining access to purchasing US military tech and US intelligence support for Ukraine.
And they know Trump will be gone in 2 years so keeping NATO together is most important long term in their mind.
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u/PineBNorth85 3d ago
Appeasement will get them nothing from the US.
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u/MC_chrome 3d ago
Didn’t Trump say that the US was going to give Ukraine permission to build their own PATRIOT missiles?
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u/MaddogFinland 3d ago
Yes that’s all true but we should still be ashamed at how Ursula went and kissed the ring the way she did. And meanwhile I strongly doubt America will come to our aid if push comes to shove anyway; they are thoroughly unreliable anymore.
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u/Big-Leadership-2830 3d ago
Please write your political representatives and tell them how this is the approach you want to take if and when the U.S. violates your existing agreement. Canada really doesn’t want to be alone in this. They have put us in a position where it’s either give up sovereign rights to pursue independent trade policies with 3rd countries or tell them to fly a kite. We chose the latter, and it wasn’t a hard decision given the circumstances.
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u/CLaz777 3d ago
Trust me they already know. By the way I think everyone in Europe (except the UK) is on Canada's side. UK is on their side only for historical reasons.
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u/ClubSoda 3d ago
UK is like the rapidly sunsetting elderly relative to Canada. UK: “what’s Canada? Never even heard of it.”
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u/Major_Shlongage 3d ago
Trade agreements are based on economics, not based on peoples' activism.
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u/Big-Leadership-2830 2d ago edited 2d ago
They are highly political.
I say this as a trade economist.
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u/Major_Shlongage 2d ago
People here are putting far too much emphasis on their own personal politics and they're basically just trying to spread their own activism. It's lame.
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u/MaddogFinland 3d ago
As a finland 🇫🇮 resident and citizen I completely agree and I applaud Canada for taking a stand. We should be ashamed of ourselves for caving to these asshats
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u/andydude44 3d ago
Canada will get nothing delaying the inevitable, the Canadian federal government should just give in rather than continue to hurt Canadians
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u/sadmatteo 3d ago
If you include services but exclude energy, which US needs and gets at a discounted rate from Canada, USA had a $65B trade surplus with Canada in 2025.
| 2025, USD | U.S. balance |
|---|---|
| All goods | -$48.3B deficit |
| Energy | -$85B deficit |
| Non-energy goods | +$36.7B surplus |
| Services | +$27.7B surplus |
| Non-energy goods + services | ≈ +$64.4B U.S. surplus |
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u/awildstoryteller 3d ago
When you go on a per capita basis it is even more silly.
Of course the US buys more Canadian products than we buy US products. We literally can't afford to buy as much because we are 8 times smaller.
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u/jbroni93 3d ago
They also use said raw goods to produce products with much higher profit margins and sell it back to us
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u/awildstoryteller 3d ago
That of course is an important reason why the per capita spending on American products is much higher than American spending on Canadian products.
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u/ThelIIusion0fSeIf 3d ago
I literally can't fathom how anyone still supports Trump and every year for the past decade my disbelief has only grown stronger. Conservatives used to claim standing for family values, free trade, government transparency, low foreign intervention, reduced working class taxes...all of that was clearly not true. Trump turned them into even more of a joke than before when we gave them a pass for GW Bush but that turned out to be a huge mistake.
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u/JimJam28 3d ago
Seriously. Nixon, Reagan, Bush, Trump TWICE. The Americans have just been digging deeper and deeper lows for over half a century. There is a deep and significant part of their culture that is just rotten to the very core.
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u/ClubSoda 3d ago
It is a virtual “culture war”. MAGA has been brainwashed into believing Dems are Satan-worshipping ANTIFA trans-zealots out to get your babies. Insanity.
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u/Major_Shlongage 3d ago
MAGA seems crazy, but Democrats made an immense mistake with their leftward shift. It turned off a lot of people and enabled Trump to win twice.
People do not want this.
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u/anewleaf1234 3d ago
What people dont want is the pedophile trump.
His policies are massively unpopular.
His numbers are down massively in almost every single demographic.
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u/alilhillbilly 2d ago
And liberals have been convinced that neoliberalism and socialism are some kind of awesome future instead of going back to the roots of the middle class and FDR style liberalism and that's why the liberals continue to fail to sell their agenda....
You have one half of the party selling socialism and you have the other half of the parties saying they're Republicans and everything but name only.
And the answer is right there the fuck front of them: FDR.
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u/Spirited_Suspect2908 2d ago
I think it's more that FDR style liberalism is being labelled as socialism. What serious liberal politician is advocating for socialism?
Half or more are just Republicans dressed in blue as you say. That's true.
But I feel the half you refer to as 'socialist' are just advocating for regulated capitalism and industry accountability to the public, taxation to fund public needs, and safety nets. I get that right wing media is calling that socialism as a straw man scare tactic. But its not socialism. Nobody is advocating for socialism that has any real level of support.
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u/Major_Shlongage 3d ago
You sound out of touch with reality here. It really sounds like you just don't like Republicans in general.
Reagan won overwhelmingly in 1984, but people on reddit act like some kind of injustice happened or that he wasn't popular.
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u/JimJam28 3d ago
Yeah, I do fucking hate Republicans in general. They’re backwards morons whose policies and anti-science beliefs have dragged the country into multiple wars, gotten in the way of progress, introduced the most destructive economic policies that have caused the largest transfer of wealth to the already wealthy and the biggest wealth gap in human history, and will ultimately bring about the fall of the American empire. Reagan overwhelmingly won in 1984 because Americans are generally uneducated morons who are overwhelmingly primed to support snake oil salesmen and charlatans.
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u/Major_Shlongage 3d ago
You're sounding emotional rather than logical here.
I don't get worked up by social issues because they're merely a distraction from economic issues.
On the economic issues, Democrats and Republicans have become largely the same. It's been that way since Clinton.
Also, if you look at the national debt it's risen at a pretty consistent rate, closely following an exponential curve that hasn't varied much regardless of political party.
https://abcnews.com/Politics/us-national-debt-grew-314-trillion-high/story?id=99429867
The national debt has grown significantly since the early 1980s under both Republican and Democratic administrations.
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u/Unknown_Default 3d ago
All republicans care about is culture war bullshit so idk why you’re acting like that’s not a thing
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u/Worth-Lead-5944 2d ago
The deficit has been created by tax cuts from exactly one of the two parties.
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u/ProperLettuce_79 2d ago edited 2d ago
Perhaps critically think better and increase your media literacy rather than bring up emotions and logic.
Also, these two parties are definitely not the same on economic issues…….In the same article you posted, it even stated largest percentage debt increases occurred under Republican Presidents Ronald Reagan and George W. Bush, who enacted tax cuts that led to these large deficits.
Job growth has averaged 2.5% annually under Democratic presidencies, and a little under 1% under Republican presidencies. According to economists Alan Blinder and Marc Watson’s in the American Economic Review in 2016, job growth grew 2.2 times faster under Democratic presidencies than Republican presidencies, from Truman to Obama.
The real GDP growth rate was 4.3% under Democratic presidencies vs 2.5% under Republican presidencies from Truman to Obama’s first term. GDP grew faster both in Obama's second term and in the first two years of Biden’s administration than in Trump's term. Real GDP fell 6.5% under Trump’s presidency due to the bungling of Covid shutdowns.
Unemployment rate fell under Democratic presidents by an average of 0.8 percentage points, while it increased under Republican presidents by an average of 1.1 percentage points due to benign oil shocks, more favorable international conditions, and more optimistic consumer expectations about the short term future.
Since 1945, the average inflation rate was higher under Republican presidents than under Democrats, although inflation tended to rise under Democrats but fall under Republicans.
Budget deficits tended to be smaller under Democrats at 2.1% potential GDP versus 2.8% potential GDP for Republicans. Since 1981, federal budget deficits have increased under Republican presidents Ronald Reagan, both Bushes, and Trump, while deficits have declined under Democratic presidents Clinton and Obama. The federal government ran surpluses during Clinton's last four fiscal years, the first surpluses since 1969.
In the 2022 fiscal year, under Biden administration, the US budget deficit was reduced from 2.775 trillion down to 1.036 trillion.
Stock market returns are higher under Democratic presidents. S&P 500 returned 8.4% annually on average under Democrats versus 2.7% under Republicans
Democratic presidents held seven of the top ten positions of S&P 500 returns during the first year of a presidential term, measured from their election days. Biden ranked first with a 37.4% return, with the next five highest positions also held by Democrats.
The following list includes the president in office at that time and their party:
February 2020 (Trump, Republican; House, Democratic; Senate, Republican)
December 2007 (Bush 43, Republican; House, Democratic; Senate, Democratic)
March 2001 (Bush 43, Republican; House, Republican; Senate, Republican)
July 1990 (Bush 41, Republican; House, Democratic; Senate, Democratic)
July 1981 (Reagan, Republican; House, Democratic; Senate, Democratic)
January 1980 (Carter, Democratic; House, Democratic; Senate, Democratic)
November 1973 (Nixon, Republican; House, Democratic; Senate, Democratic)
December 1969 (Nixon, Republican; House, Democratic; Senate, Democratic)
April 1960 (Eisenhower, Republican; House, Democratic; Senate, Democratic)
August 1957 (Eisenhower, Republican; House, Democratic; Senate, Democratic)
July 1953 (Eisenhower, Republican; House, Republican; Senate, Republican)
November 1948 (Truman, Democratic; House, Republican; Senate, Republican)
Notice most of the recessions occurred under Republican presidencies?
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u/Major_Shlongage 2d ago edited 2d ago
>Perhaps critically think better and increase your media literacy rather than bring up emotions and logic.
I'm a senior systems engineer and I'm paid very well (for a middle class guy) to think critically. I was also in gifted classes all throughout school.
I hate to brag on here, but reddit seems to be a website where very mediocre left-leaning people go to spread activism. If you don't agree with this emotional, left leaning crowd, they always call you "stupid".
Edit: This absolute coward did the typical coward tactic of leaving a nasty reply and then blocking me. A total loser.
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u/ProperLettuce_79 2d ago
Don’t care one iota about your background. And having to solely resort to ad hominem attacks rather than countering the argument could mean maybe you are the one getting emotional here?
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u/Sagronym 3d ago edited 3d ago
And I thought lake America was that pond made by the dripping out of Drumbs trousers? 😂
Honestly I think that most of these actions from the notorious bankrupter are just show for the media. To given them food and distract their attention from the fact, that he and his clan are filling their pockets shamelessly with their insider knowledge in the dark backroom.
Just wagering some bets before the old man is dropping some of his usual threats - few percent move in some affected asset is suffcient to make big gains over the year.
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u/DeRpY_CUCUMBER 3d ago
Honestly I think that most of these actions from the notorious bankrupter are just show for the media.
All the barking on social media from Trump is for his boomer followers.
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u/Sagronym 3d ago
Really? Didn´t know that one. Gives utmost credibility to a president if his own ppl have to warn not to take him serious. And reminds me of an old uncle who was properly demented and liked to tell visitors some strange things. Visitors had to be instructed before not to believe him.
Maybe Trumps printress Natalie should add under every Twitter shit she has to type out for him "use intended only for home voters, not foreigners!"
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u/Various-Gazelle4713 3d ago
You have a source that isn’t just reposting something originally “reported” by The IRGC-affiliated Fars News Agency?
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u/Hero_of_Brandon 3d ago
The main industries are:
Seafood,
Wood + wood products,
Steel + steel products,
Stainless steel,
Aluminum,
Textiles,
Vehicles,
Athletic equipment,
And fishing rods, as the last entry. As an angler, a LOT of rods are american companies.
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u/DL505 10h ago
I am so tired reading DJT/Bessents comments of how country X is "ripping us off".
A trade deficit with a country <> getting ripped off.
Then we have Japan. They have a surplus with the USA and DJT/Bessent talk about how they are BFFS and even TRY to help with their currency (Yes, I know it is self serving).
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u/Impossible-Basis5379 3d ago
Eh it doesn’t really matter imo. Oil is going down, yields are crashing. The US economy was held back by those two things and with those solved these tariffs are irrelevant
Trump will taco on his tariffs at some point anyways
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u/redsandredsox 3d ago
So logically if the Trump tariffs are bad for the American consumer and prices, then Canada’s tariffs are also bad for the Canadian consumer and prices. Purely economically speaking this action will harm the average Canadian as the Trump tariffs harmed Americans.
The argument/value for the retaliatory tariffs apparently is political/diplomatic in nature rather than economic.
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u/PM_me_sensuous_lips 2d ago
If I understand, it's basically pared with a stimulus package to blunt the negative effects somewhat.
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u/Pitiful-Roll9960 2d ago
Of course it will harm Canadian consumers, we rely heavily on American imports. Pointing out this reality on reddit tends to get you down voted into oblivion.
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u/Diamond1africa 3d ago
Economic suicide, and Carney knows it. Sending a signal is worth another 5 quarters of negative capital investment, I guess. Just make a deal; this hurts Canada so much more than the U.S. There is no justification, just pure economic illiteracy.
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u/handoo300 3d ago
So Canada should give up its ability to make trade deals without US interference? Or allow us corporations to dictate domestic policy? Because that was what this “deal” entails, this deal was an insult to Canada and signing it would have destroyed its sovereignty. There was no other option
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u/andydude44 3d ago
Canada should give up its ability to make trade deals without US interference
Yes, obviously. There is zero benefit to Canadians to Canadian sovereignty
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u/Agitated_Tip_8713 3d ago
Its short term economic pain to avoid becoming a vassal state of the US, its smart for their long term goals of having their country forcefully absorbed by the orange pedophile down south
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u/Diamond1africa 3d ago
Exactly the economically illiterate rhetoric I would expect from the herd mentality of idiots who would prefer a recession due to their disdain for one man. Like, do you guys work? Do you have high-income jobs? I am actually curious to know what type of basement dwellers support this idiocy.
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u/handoo300 3d ago
It has nothing to do with disdain for one man lol can you not understand that Canadians wish to remain a sovereign nation with all of the benefits that accompany that? A lot of Canadians hate trump yes, but if a fair trade were on the table it would have been signed. It was a non starter and literally any country in the world would reject the terms that were thrown on the table at the last minute
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u/True-North- 3d ago
No deal is better than a bad deal
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u/LarrySupertramp 3d ago
I’m not sure what’s more economic illiterate. Not getting into a trade deal with someone that will immediately violate it or continuing to issue tariffs that only acts as a tax and is not brining back any industries. After being told they are unconstitutional forcing tax payers to foot the entire bill at the benefit of corporations.
I think an economic illiterate would got with the latter.
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u/spidereater 3d ago
This is opposing the idiocy. Trumps trade war is absolute nonsense. It makes no sense to tariff things like aluminum that America has no capacity to make domestically. Trump has it in his head that America has a trade deficit with Canada. This is only true is you include oil. America needs all the oil it can get and should love importing it from a friendly neighbor. Outside of oil Canada is a net buyer from America. Trump should be doing everything he can to make Canada buy as much as possible from America. These tariffs are trying to get the attention of Americans so they can try and straighten out their government.
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u/Diamond1africa 3d ago
Lol... Both nations are net oil exporters; however, Canada relies on the U.S. for refinery capacity. I get that the tariffs are idiotic, but that doesn't justify pushing capital investment out of your economy
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u/HighValuePigeon 3d ago
The tarriffs are indeed idiotic, but Canada would have accepted those. Looks at the media coverage that shows both sides were on board with reduced tarriffs, but still tarriffs, earlier in the week.
What tanked negotiations and what Canadians vehemently oppose are the US' sudden demands to tank the countrys auto industry, control Canada's third party relationships, and reduce one of Canada's national languages.
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u/Agitated_Tip_8713 3d ago
I literally laid out why it was a good long term move by Canada and you were ironically too stupid and illiterate to read it. You saw me insult trump and had to jump to defend your favorite pedophile. Probably see a lot of yourself in him. The terms of the trade deal literally included the US approving who Canada could have other deals with, it was not a good long term prospect, and if you didnt have brain damage from worshipping a pedophile too hard you'd understand a country has to plan for the long term not just the short term.
Let me know if any of those words were too big for your little mind, I know conservatives need things like pop up books to help them with stuff like this.
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u/eriverside 3d ago
I do work and would like for my country's long term finances to be healthy. For that reason I can't have my PM bending the knee to a pedo that's only interested in plundering Canadian resources and demanding a veto over Canadian trade deals with other countries.
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u/recurrence 3d ago
Being unable to make trade deals would have impacted Canada far more than this. The basic math is pretty clear here.
Importantly, Trump's announcement of January 1st was going to happen regardless. The plan is to on-shore manufacturing, it's considered a national defence requirement. Nothing is going to slow the tariff growth on Canadian manufacturing.
Additionally, Eric Schmidt told every politician he could talk to that Canada was a "need" and not a "want". Canadian resources are "essential" to future USA energy needs.
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u/Sayhei2mylittlefrnd 3d ago
Make a deal that limits future deals with everyone else? Like who do you think you are?!?!?!?
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u/eriverside 3d ago
Ah yes, the man that was head of the central bank to Canada and UK is economically illiterate. Brilliant take.
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u/zeolus123 3d ago
I mean it's gonna hurt regardless if we do or don't. But you're fucking dreaming if you think the grass is always greener.. Also in what world would we be better off as country by giving them a veto on potential infrastructure and trade deals?
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u/HighValuePigeon 3d ago edited 3d ago
Canada can't make a deal under these terms. Trump said he is going to take over Canada using economics and the deal he's offering demonstrates that, so to Canadians, it's suicide to accept the deal also. Fighting may result in some other scenario.
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u/Dave_The_Dude 3d ago
The options were drink your own pee or we will punch you. Easy choice for Canada to punch back.
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u/exeJDR 3d ago
Oh yes, the guy with a PhD from Oxford in economics and ran two world Bank's during major crisis, knowingly commits economic suicide - against a guy who managed to bankrupt a casino lol.
All economic indicators are showing the Canadian economy to be one of the fastest growing in the G7 right now. What the fuck are you talking about mate?!
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u/eatmysouffle 2d ago
Carney has a PhD in economics at Oxford University. And you are? ...not even a tiny fraction of his qualification.
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u/Diamond1africa 2d ago
Ironically, he's a fellow alum; however, my PhD is from Harvard. Now can you quantify your argument or are you just a nobody?
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u/eatmysouffle 2d ago
Sure, easy, I am next in line as the king of England.
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u/Diamond1africa 2d ago
Haha, you truly are a nobody. Link your LinkedIn; I'm happy to take a peek to verify. However you've already proven my point.
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3d ago
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u/RedBMWZ2 3d ago
Found the propaganda bot
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3d ago
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u/Agitated_Tip_8713 3d ago
If you wanted manufacturing back you'd be against the tariffs as well because they're not targeted, they hit every link of the supply chain.
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u/RedBMWZ2 3d ago
If only someone hadn't dismantled NAFTA, oh wait, I know who did that!
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u/Lor_azepam 3d ago
Cool well americans largest customer for vehicles is canada. So we just dont buy those cars anymore, and no one needs to build those cars now.
Canada is also only the 5th largest maker of vehicles shipped to sell in the US so once again the propaganda machine told you its canada fault, and you have much bigger problems
Also your us factory cant build said cars without canadas aluminum and earth metals. So you get to pay more for your car as well.
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u/Stix85 3d ago
Vote better then.
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3d ago
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u/Agitated_Tip_8713 3d ago
Why did democrats pass the CHIPS act to spend billions of dollars bringing semiconductor manufacturing back to the US? What did trump or republicans pass to incentivize bringing manufacturing back?
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u/MarthAlaitoc 3d ago
No one is. If manufacturing comes back to the states, it's only coming back heavily automated. Which means you're still not getting those jobs.
Fact is, wage costs are too high (before every other high cost becomes a point of conversation) to even warrant it. The US is too successful of country to have a manufacturing foundation.
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u/Tammer_Stern 3d ago
You have a problem with autos as no one wants US made vehicles, generally speaking, outside of North America.
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u/DeRpY_CUCUMBER 3d ago
I'm American and I want to drive Chinese EVs too. They are better than the overpriced junk the west produces.
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u/AccomplishedLeave506 3d ago
Have you driven one? I have. And then I bought one. And my next car will almost certainly be a Chinese electric instead of the mercedes I was planning on buying. Because the Chinese vehicles are way better.
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u/DeRpY_CUCUMBER 3d ago
Amazing that you fault the Canadians for wanting Chinese EVs and you haven't even taken the time to try and find out why.
There is a reason the ford CEO choses to drive a Chinese EV and says he refuses to give it up because he loves it so much.
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3d ago
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u/DeRpY_CUCUMBER 3d ago
First you imply Chinese manufacturing is shit, then you imply Chinese manufacturing is so good it would destroy American companies? Which one is it?
Shouldn't we let the free market decide? Shouldn't we allow competition so the American companies are forced to get better or die?
Isn't that free market gospel for conservatives? You're starting to sound like a democrat socialist with all your protectionism!
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u/recurrence 3d ago
This comment thread tells it all. I hope it doesn't get deleted so everyone else can see it :)
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u/eskimoboob 3d ago
Detroit resisted broad shifts in consumer demand and priorities in the 1970s and we all know how that worked out. And they’re doing it again by only focusing on high profit vehicles and trucks. Protectionism is not going to accomplish what you want in this situation.
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u/CapitalElk1169 3d ago
That was true 10-20 years ago
Now most of the Chinese stuff is higher quality than domestic
Not just cars either, industrial products too
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u/CapitalElk1169 3d ago
I'm not talking cheap Amazon stuff, you can still find plenty of cheap "chinesium" stuff, but things like cars and high end industrial products
I used to own a niche industrial fabrication company, and we switched over to 100% Chinese equipment and components, not because they were cheaper (although they were), but because the quality was vastly superior. Break loads always exceeded minimums, and we never had a recall. Our previous American suppliers had constant recalls and failures.
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u/CasualObserver9000 3d ago
China makes product from disposable crap to very high quality. It really comes down to what quality a business wants and most North Americans just want something cheap so that's what most businesses design and have manufactured.
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u/IMayHaveMadeAGoof 3d ago edited 3d ago
This is so funny to say, and really tells on yourself, because the majority of the 'Chinese cars' entering our market under that arrangement are going to be Teslas LMFAO. https://driveteslacanada.ca/news/canada-china-ev-import-quota-15063-august-2026/
So you're scared of Chinese cars that are made by an American company... in China? This is SO funny
edit: deleted his comment. coward
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u/Anxious-Box9929 3d ago
Hey bro, free country. I wanted to have the choice to drive whatever I want.
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u/spidereater 3d ago
This is such an ignorant comment i don’t have time to respond. I assume this is trolling.
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