Summary
Canada is preparing to retaliate against Donald Trump’s proposed 25% tariffs on Canadian imports, which could trigger the largest trade war between the nations in decades.
Prime Minister Justin Trudeau promised counter-tariffs worth $37 billion, with potential for further measures, depending on Trump’s final order.
Canadian officials warn the tariffs could harm both economies, disrupting key sectors like automotive, energy, and agriculture.
Labor leaders expressed concerns over job losses and urged collaboration. Canada hopes to avoid tariffs by highlighting their mutual economic impact to U.S. lawmakers.
Please Canada listen to your best and brightest
This is pure genius. Hit them where it hurts the most while simultaneously benefiting consumers.
I don’t understand why this isn’t the first option when a treaty is violated? Whybwould Canada continue to enforce their side of a now nullified agreement? How does Canada benefit from this?
It’s a good thought but much less practical than retaliatory tariffs. I don’t think there is precedent (in recent times) of Western nations overtly violating each other’s intellectual property rights.
Well now seems like a very good time to set a precedent
Make smuggling contraband across the great lakes great again.
god imagine how much worse the gang violence will get when the canuck mafia starts mowing down border patrol agents.
Canadian Mafioso: “sorry” machine gun noises, screams
As an American, I want the world to punish us for our bullshit.
As an American, I really want to get the fuck out of here.
As a non-american, you’re doing about okay as everyone else.
For real. There is no escape unless you got a passport to a Scandinavian country. And then, it’s temporary. American nonsense is pervasive, it comes for everyone!
I’d say it’s time to leave the planet but I’m not a billionaire so… fuck me I guess.
as an american - yall need some laws against tech bullshit if you want to stop this
Do get out. I’m an Italian living in the UK and while no country is perfect, any first-world country is better than the US right now to live in. I can’t fathom the idea of dying for a miscarriage, or being forced to have a pregnancy I don’t want, or having my kids go through regular mass-shooting drills and actual mass shootings, or having to ration insulin, or going bankrupt for a cancer, or being shot by a neighbour, or having trials based on theatrics rather than law, or having for-profit prisons and for-profit hospitals, or not trusting our cops, or religious zealots making religion-based laws for everyone, or not having social services, sock leave, maternity and paternity leave, and so on and so on. Honestly our very imperfect countries are a social paradise compared to the USA.
Spank us, daddy! We’ve been so naughty…
name checks out
Take it all please, leave the rest of us able to fix what needs fixing.
As another American, most of us want you to leave.
I love long-discredited economic ideas making a comeback. As someone who studied Econ, it’s just peachy seeing people vote to be poorer because no one remembers the last 50 times this was tried and didn’t work.
Please, everyone read about the 1800s. I’m not completely hostile to crypto but so many crypto people are like, “What if we had a ‘free banking’ era? Surely, there’s no downside.” And you just slam your fist on the table and say “Please read one AP American history book. An actual textbook, not a YouTube video. I’m not a particle physicist because I watch PBS Space Time.”
I think it’s a bit late to tell people to look up why this won’t work, especially on Lemmy.
Everyone here knows Trump is not going to be good for the economy and can’t or won’t do anything about it.
I feel like in every field right now, experts are facepalming all the ignorant decisions being made.
They need to YouTube a few meditation videos so they can become experts in mindfulness and not worry about all that /s
Could you give me a quick summation of why a free banking era is a bad thing and how it relates to the 1800s?
Not trying to start an argument, just genuinely curious
So, essentially, every bank was issuing its own currency. But banks fail all the time. And no one knew what was real money. I’m saying this on Lemmy so I’m clearly for distributed things but cash money needs a central bank, for trust reasons. Gold is a stable element so it was that for centuries but it also led to horrible things. Like an entire hemisphere dying of smallpox.
So, long story short, after WWII. we settled on the U.S. dollar, which was then pegged to gold. Eventually, Nixon decided to unpeg it from gold. Which was fine because gold was arbitrary. We could have pegged it to any element on the periodic table. Bretton Woods is what to google to read more.
So, what is the dollar backed by now? Mostly the U.S. Navy and trust built over time. It’s not perfect. America has never defaulted on its debts and you can exchange dollars for local currency at any airport. The independence of the U.S. central bank is a big reason. But if you’re writing a contract for a global deal, you use dollars. If Argentina wants to buy something from Vietnam, the contract uses dollars.
In the 1800’s, there was no agreed upon currency. Banks made their own currencies. And it was a catastrophe.
I think you’re right, and all of this is a side effect of mortgage-level paywalling of such education, and subsequent devaluing and even demonizing of it.
Resources like AP textbooks don’t just come up in peoples’ feeds. So they’re probably not even aware of them even if they were interested in the subject. And if they are, they gotta scrounge around eBay or those “library” sites.
Either way, it won’t reach the people who need to hear it most.
YouTube’s gotten really bad with commercial and ideological interests, but I do appreciate some creators out there making an effort to create digestible educational material.
But yes, the cryptobros phenomenon , or “DOGE” just being a re-vomit of failed Reagan/Thatcher-esque grifting policies, it’s all being pitched as something brand new and never done before.
Thanks for highlighting that I should check out 1800’s era “free banking” economics though. I’m really curious. :)
Eggs are going to be so cheap bro.
some car parts cross the border as parts en route to assembly plants, and then back again in fully-assembled vehicles.
Some cars cross the border 5 to 6 times while being assembled. Car prices are going to sky rocket.
Just one more oil boom, bro. We promise not to piss this one away. C’mon, don’t hit us with oil tariffs on our marginal product we can’t get to market. Don’t be a dick bro.
Trump doesn’t understand that tarrifs go both ways.
It’s kind of amazing that his first priorty upon entering office is getting revenge and starting wars. What an incredible person and even more than that, an incredible leader. Amazing.
He doesn’t care if Americans get hurt or suffer his batshit policies. His moronic base will support him even if they’re suffering; they’ll blame it on the brown people.
Last time we had a tariff war like this was the great depression
Do it. Isolate this evil shithole until it collapses. Please do it.
The US needs to be broken up the way the USSR was.
Didn’t that also give us Putin?
Repeated prisoners’ dilemma. They have to threaten and they have to add tariffs if the US does, anything else would be bad strategy
It’s not helped by the fact that Trump is corrupt and might have different winning conditions like “make Putin happy”, but that doesn’t change what Canada has to do.
As an American surrounded by trump voting douchebags, I hope the economy crashes and people get a taste of what voting like a retard feels like.
when you have a certain world vue your frame of reference is this one. And you will prefer to hide reality for a very long time before admitting you made a poor decision. Worse admitting your point of view is not moral, or problematic.
All of this to say, people will not make a direct correlation between facts and their acts. They will find another plausible (for them) explanation.
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The economy will be fine and probably flourish. Let us know when you wanna apologize :)
Apologize for what?
Good, Do it. Every country should do it. Make it fucking hurt.
I can’t wait to not be able to afford diapers since racist rednecks elected a clown. It’s like being held hostage on a train that’s headed for a brick wall. Trying to raise a family through this is so hard.
“Trump is more respected by other nations than Biden” part deux dipshit boogaloo
Canada/Mexico Tarriffs are reportedly, -not- coming “right away”…
😐
billionaires would kill trump before they let him take a dollar from them
where were you when the billionares were lining up to kiss the ring of the man who was given clemency and immunity from literally murdering all of them with government spook squads?
Trump’s whole job is to create scapegoats while they plunder the public sector. The idea that billionaires are working for trump and not the other way around is laughable.
Watching the US dollar
Grabs popcorn
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Watching the already shit Canadian dollar…
looks up best noose rope
rope prices too high
Just in case…
Nah it’s joke.
Nice try but US used blind misplaced faith in your own superiority. It was super effective.
