No doubt slapping tariffs on Canadian goods will reduce the flow of said goods.
But that's a reduction, not a termination. US demand for those goods still exist. And it is US consumers that pay.
The reduction is a result of lower consumer spending power. Which will affect everything, not just the tariffed goods.
Some of the goods may end up being sourced in the US. However that won't affect consumer prices, which will remain high. (The whole point of tarifs is to drive up local prices so domestic production can compete. )
Some may be sourced from other countries. But since all countries are being tariffed there are only marginal gains here.
At the same time Canadian producers will actively explore alternate markets. This will (long term) improve Canada's economic security by reducing dependence on US markets.
All the above assumes T won't start negotiating again next week. Which since TACO is likely anyway.
Either way, this will be a long-term gain for Canada and long term pain for the US.
The world is simply moving on from dealing with the US. It’s too expensive, too much of a pain in the ass and requires mafia like payments. They will all just trade with each other instead.
Tourism in The US is down to the tune of billions of dollars, soybean exports have tanked, US liquor is basically non-existent across Canada and other countries, etc etc.
I don’t know how long this can go on , when will the average American not be able to take it anymore?
The ad aired a week ago and Trump said he’d do the same thing and didn’t care. However this development prompted a retaliation. There’s a low simmering trade war that Trump has been waging against partners and these are just excuses he claims so the media doesn’t focus on the actual details of the war but instead on BS culture war topics.
He probably feels powerful harming businesses (in the US and elsewhere) with his tariffs.
His inheritance performed worse than the s&p by a large margin under his stewardship.
He’s not a business man, he’s someone who inherited $450M in today’s dollars and wears a business suit as a costume, and incidentally more makeup than most drag queens.
He’s disgracing everything he touches and the Trump name will be hated and associated with stupidity and bigotry for a long time.
Why doesn't Canada reduce tariffs on Chinese cars? Instead they're making their citizens pay extra for American cars when they could be paying 1/4 price for better quality electric cars.
Why is this flagged? BBC seems like a trustworthy news source to me? I guess it might not be just due to the ad, but still it's a peculiar situation that's of interest to the world.
10 comments
[ 2.8 ms ] story [ 33.2 ms ] threadBut that's a reduction, not a termination. US demand for those goods still exist. And it is US consumers that pay.
The reduction is a result of lower consumer spending power. Which will affect everything, not just the tariffed goods.
Some of the goods may end up being sourced in the US. However that won't affect consumer prices, which will remain high. (The whole point of tarifs is to drive up local prices so domestic production can compete. )
Some may be sourced from other countries. But since all countries are being tariffed there are only marginal gains here.
At the same time Canadian producers will actively explore alternate markets. This will (long term) improve Canada's economic security by reducing dependence on US markets.
All the above assumes T won't start negotiating again next week. Which since TACO is likely anyway.
Either way, this will be a long-term gain for Canada and long term pain for the US.
Tourism in The US is down to the tune of billions of dollars, soybean exports have tanked, US liquor is basically non-existent across Canada and other countries, etc etc.
I don’t know how long this can go on , when will the average American not be able to take it anymore?
> Canada cuts tariff relief on some US cars due to Stellantis, GM ending some Canadian production
https://apnews.com/article/canada-us-auto-production-tariffs...
The ad aired a week ago and Trump said he’d do the same thing and didn’t care. However this development prompted a retaliation. There’s a low simmering trade war that Trump has been waging against partners and these are just excuses he claims so the media doesn’t focus on the actual details of the war but instead on BS culture war topics.
His inheritance performed worse than the s&p by a large margin under his stewardship.
He’s not a business man, he’s someone who inherited $450M in today’s dollars and wears a business suit as a costume, and incidentally more makeup than most drag queens.
He’s disgracing everything he touches and the Trump name will be hated and associated with stupidity and bigotry for a long time.