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Senior Canadian official says tariffs will take effect on Tuesday
President Donald Trump launched a trade war against Canada on Saturday by imposing a 25 per cent tariff on virtually all goods from this country — an unprecedented strike against a longstanding ally that has the potential to throw the economy into a tailspin.
Trump’s long-threatened plan to inflict economic pain on Canada has materialized on the day he said it would, and it includes a 10 per cent tariff on Canadian energy products, according to a senior Canadian official who shared details of Trump’s plan with CBC News.
These potentially devastating tariffs will take effect on Tuesday and remain in place until Trump is satisfied Canada is doing enough to stop the flow of fentanyl into the U.S., the government official said.
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As an American:
Whyyyyy what could we possibly stand to gain from doing this, ever? This is so stupid.
Unless the goal is simply to crash the economy so billionaires can buy businesses for cheap, I really have difficulty imagining why we would ever do this.
Remember who his boss is
It’s also good for Russia, so there’s that
Trump said he wanted to make Canada a US state, and he told Canadians they wouldn’t have to suffer tariffs if they were a state.
So… Can you guess?
It will likely have a larger impact on blue states (with some important exceptions) especially my previous home of VT which is dependent on Hydro Quebec for their electricity. Blue states tend to have more dependence on the global economy for economic inputs while red states are more export focused… that all said the retaliatory tariffs will likely really hurt O&G states like Texas.
Get fucked diaper boy. This trade war is going to hurt but it’s also an opportunity to diversify away from the American economy and develop our free trade relations with the great many other nations we’ve negotiated free trade deals with.
https://en.wikipedia.org/wiki/Free_trade_agreements_of_Canada
He wants to isolate the US and drag it into decline.
Looks around U.S.A. “Further into decline.”
I can totally see how this is going to lower the price of eggs.
I don’t know if it will lower the price of eggs, but it might shut down the auto industry, leave some border cities in ruins, result in shortages of many important industrial inputs and surpluses of others on both sides of the border, tank the Canadian dollar, cause a sudden jump in consumer prices, wreck the American economy, and consequently crash the world economy, leading to a dramatic realignment of world power and the start of some kind of new era the shape of which we can only guess at.
You know, unless they suddenly call it off next week which is also a possibility.
it might shut down the auto industry, leave some border cities in ruins, result in shortages of many important industrial inputs and surpluses of others on both sides of the border, tank the Canadian dollar, cause a sudden jump in consumer prices, wreck the American economy, and consequently crash the world economy, leading to a dramatic realignment of world power and the start of some kind of new era the shape of which we can only guess at.
So… Eggs are not affected.
Pfffew! I knew Trump knew what he’s doing.
It probably actually will… the tariff surcharge will make egg exports less profitable so its likely the domestic supply will increase.
Oh you meant for the Americans yeah… it makes as much sense as Trump adding a tariff on TSMC chips to uh… increase import volume? Wait no, it does the opposite… make US AI more competitive? Wait no, that also does the opposite.
Trumps a fucking idiot that just wants to personally enrich himself and doesn’t give a damn.
