- cross-posted to:
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- cross-posted to:
- [email protected]
Summary
Donald Trump launched a trade war against Canada by imposing a 25% tariff on nearly all Canadian goods, including a 10% levy on energy products.
His action, intended to pressure Canada to curb fentanyl flows, contradicts official trade figures and ignores that most deficits result from American demand for cheaper Canadian oil.
The tariffs, set to remain until Canada complies, could cost billions to Canada’s economy and disrupt $800 billion in annual trade.
Canada is expected to retaliate, forcing Prime Minister Trudeau to respond amid escalating cross-border tensions.
that metaphor assumes that these tariffs are going to hurt america more than it hurts canada…
i’m pretty sure we’re the foot in your analogy. we’re getting fucked
We’re both getting fucked. We will buy fewer goods from Canada, but we will pay the tax (tariff) on them.