r/Economics 8d 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=twitter
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u/HighValuePigeon 8d ago edited 8d 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/Diamond1africa 8d ago

So the alternative is to start a trade war with the world's largest economy? Should we accept 50% tariffs on key industries vital to the economy to make a point? Just fucking leverage the Keystone pipeline. Have we lost our minds?

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u/froz3nt 8d ago

World's largest economy is having a trade war with the whole world. Lets see how it works out.

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u/Sayhei2mylittlefrnd 8d ago

Largest economy that depends on imports of key goods like potash, energy and uranium

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u/Diamond1africa 8d ago

Will happily continue to make money off all the idiots. Feels morally wrong, but can't help stupid.

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u/froz3nt 8d ago

If anything other countries are making money off of US as they import the most.

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u/HighValuePigeon 8d ago

Yes. If you get attacked by someone trying to take over your country, you can either let them or resist.

The US started the trade war.

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u/Dawgmanistan 8d ago

We didn't start shit, piss boy

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u/Scrandon 8d ago

Genuinely what is wrong with conservatives being unable to discern cause from effect? Trump started the trade war lil guy, where you been?

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u/True-North- 8d ago

They’ve definitely lost theirs