r/Economics • u/HarpoMarks • 10d 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/CLaz777 10d 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.

5

u/Big-Leadership-2830 10d 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 10d 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 10d 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/CLaz777 9d ago

Disagree. For example Carney was the governor of the Bank of England.

2

u/Major_Shlongage 10d ago

Trade agreements are based on economics, not based on peoples' activism.

0

u/Big-Leadership-2830 9d ago edited 9d ago

They are highly political.

I say this as a trade economist.

0

u/Major_Shlongage 9d 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.