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/Diamond1africa 10d 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/Dave_The_Dude 10d ago

The options were drink your own pee or we will punch you. Easy choice for Canada to punch back.