Canada will survive with less trade with USA. Trump is already saying that he may exclude. Oil from tariffs, next maybe electricity, next maybe lumber .............
I hope Canada has enough fortitude to put countertariffs on American goods.
Trump says U.S. will “really have to” impose tariffs against Canada on Feb. 1
- Thread starter DesRicardo
- Start date
I hope Canada has enough fortitude to put countertariffs on American goods.
Canada going blow for blow with USA now is like Trudeau fighting Mike Tyson in his prime.
Someone should use their head. Hopefully sooner than later.
It will be an ordeal, like nothing we have never seen before, but we will survive, we will adjust, and in around 3 to 4 years a new Canada, one that is more self reliant and less dependent on the southern "friend" will arise
That doesn't seem to be the focus of why he threatens them.
Look at the Colombia kerfuffle earlier.
Eee is an nth level, 26 dimensional/demented, 17 sensory organ/grinder all rolled up into a marmalade infused stable genius eee iz, is what you're attempting to have us believe?
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he coasted around during the Biden Admin...it's basically a liberal / Democrat weakness they think people won't see through their bullshit...gaslighting everybody every step of the way hiding their fuck ups... when you oppose their policies on immigration - you're racist. on trans gender - you're transphobe, on DEI - you're racist...they drifted so far from common sense and now we're here...
deporting illegal immigrants who are not suppose to be in the country, benefiting from resources suppose to be for Americans...isn't that good news for Americans?
Yeah yeah, they will be ready. A friend of mine is a salesman in a steel structure production company. His American clients still have no clue, or receive any info, on how and if they need to pay an extra tax.
And yes my little maga champions you have read it correctly, the American buyer needs to pay the tax. Not the Canadian importer. As opposed to what your cheeto's in Chief is telling you from day one.
And yes my little maga champions you have read it correctly, the American buyer needs to pay the tax. Not the Canadian importer. As opposed to what your cheeto's in Chief is telling you from day one.
Canada will retaliate and both countries will come to some sort of agreement once Trump has the concessions he wants.
I dont think there's anything to worry about as far as an economic recession is concerned.
Thats just my opinion though
I dont think there's anything to worry about as far as an economic recession is concerned.
Thats just my opinion though
Except didn't you declare that trump didn't get elected for his tariffs, he got elected for his attacks on
Canadians will sell for the same price, american buyers pay more and trump collects the tariffs to divide amongst his cronies.
Sobering perspective from Bank of Canada
Evaluating the potential impacts of US tariffs - Bank of Canada
"In Canada, a trade conflict would negatively affect both exports and imports:
US tariffs make Canada’s exports to the United States—its largest trading partner—less competitive, leading to a significant decline in the volume of exports.
Because US tariffs are applied to goods from all its trading partners, global exports and GDP decline. Lower global demand in turn reduces commodity prices, including the price of oil—one of Canada’s major exports.
Lower global activity further reduces demand for Canadian exports.
Canadian imports decline because of Canada’s retaliatory tariffs on US goods. This leads Canadian households and businesses to substitute US goods for goods that are not subject to tariffs."
"On the whole, Canada’s trade balance worsens. Together, lower net export volumes and weaker terms of trade lead to a depreciation of the Canadian dollar. Canadian business investment also declines significantly due to a combination of weaker export activity and an increase in the cost of imported investment goods from the United States. The cost of machinery and equipment imported from the United States rises in response to Canada’s retaliatory tariffs and the depreciation of the Canadian dollar. Imports from the United States comprise about half of overall business investment in machinery and equipment in Canada. Lower business profits also weigh on business investment during the period when businesses partially absorb cost increases associated with Canadian tariffs.
Faced with less demand, Canadian exporters lower production and lay off workers. This, in turn, negatively affects the rest of the economy by reducing demand for goods and services that are not traded, such as housing and dining in restaurants. An increase in government transfers to households financed by tariff revenues provides a partial offset.
Over time, the decline in business investment significantly reduces potential GDP in Canada, leading to a permanent decline in GDP."
Evaluating the potential impacts of US tariffs - Bank of Canada
"In Canada, a trade conflict would negatively affect both exports and imports:
US tariffs make Canada’s exports to the United States—its largest trading partner—less competitive, leading to a significant decline in the volume of exports.
Because US tariffs are applied to goods from all its trading partners, global exports and GDP decline. Lower global demand in turn reduces commodity prices, including the price of oil—one of Canada’s major exports.
Lower global activity further reduces demand for Canadian exports.
Canadian imports decline because of Canada’s retaliatory tariffs on US goods. This leads Canadian households and businesses to substitute US goods for goods that are not subject to tariffs."
"On the whole, Canada’s trade balance worsens. Together, lower net export volumes and weaker terms of trade lead to a depreciation of the Canadian dollar. Canadian business investment also declines significantly due to a combination of weaker export activity and an increase in the cost of imported investment goods from the United States. The cost of machinery and equipment imported from the United States rises in response to Canada’s retaliatory tariffs and the depreciation of the Canadian dollar. Imports from the United States comprise about half of overall business investment in machinery and equipment in Canada. Lower business profits also weigh on business investment during the period when businesses partially absorb cost increases associated with Canadian tariffs.
Faced with less demand, Canadian exporters lower production and lay off workers. This, in turn, negatively affects the rest of the economy by reducing demand for goods and services that are not traded, such as housing and dining in restaurants. An increase in government transfers to households financed by tariff revenues provides a partial offset.
Over time, the decline in business investment significantly reduces potential GDP in Canada, leading to a permanent decline in GDP."
And? what has trump getting elected on the promise of removing Illegal immigrants got to do with my statement here?
I don't back Trump...he doesn't need my backing...I don't vote in the US...I just like a leader who's country first...you still mad about the 50M worth of condoms not going to Gaza?
You still repeating the lie about condoms? What a surprise.
You back trump, you are MAGA.
Are you canadian?
There are probably penalty clauses under NAFTA for breach of the treaty and the USA is going to end up owing Canada and Mexico $$$$ billions.
You don't know what you are talking about.
The Colombia situation had nothing to do with business.
