Trump hits back at Carney, threatens to hike auto, truck, metals tariffs to 50%
https://www.nbcnews.com/business/economy/trump-canada-tariffs-autos-metals-rcna594108
https://www.nbcnews.com/business/economy/trump-canada-tariffs-autos-metals-rcna594108
6 Comments
eldavi@lemmy.ml · 9 pts · 1d
trump has been a godsend to the global south. lol
umbrella@lemmy.ml · 3 pts · 1d
yes please. tax yourself away into irrelevancy.
SaveTheTuaHawk@lemmy.ca · 3 pts · 20h
Infinity percent plus one.
Senile dementia is why we have to listen to infants arguing.
yogthos@lemmy.ml · 3 pts · 19h
After doing a bit of posturing needed to placate the hoi polloi, Canada will cave to everything the US demands. The reality is that the US accounts for a far bigger percentage of trade for Canada than the other way around. So, the damage to Canada is proportionally much higher, and there's no way that the capital owning class will accept losing that much profit.
AHemlocksLie@lemmy.zip · 2 pts · 19h
Maybe so, but consumer habits are changing up there. For example, I've heard there's a LOT less interest in US booze up there, and it seems VERY unlikely to change the instant Trump's bullshit ends. Some of those consumer habits will last years to decades.
yogthos@lemmy.ml · 3 pts · 18h
As somebody who lives up there, I can tell you that all this is very performative. It doesn't move the needle on the general trade imbalance. If Canada wanted to actually get serious about this then we'd be creating crown corps to kick start domestic industry.