Carney says Canada’s tariffs to stay until US shows ‘respect’
Carney says Canada’s tariffs to stay until US shows ‘respect’
(Bloomberg) -- Supply Lines is a daily newsletter that tracks global trade. Sign up here.Most Read from BloombergNJ College to Merge With State School After Financial StressTrump Administration Plans to Eliminate Dozens of Housing OfficesWhere New York City's Zoning Reform Will Add HousingBuffalo’s ...
Canada will keep in place its retaliatory tariffs against US-made products as long as President Donald Trump persists with a trade war, said Mark Carney, the Canadian prime minister-designate.
So for at least another 4 years?
Donald Trump is incapable of respecting anything.
Yep. I'm really glad we're adapting to that early.
Good luck -- E. Jean Carroll just kept getting excuses to re-sue him, which was hilarious, since he just could. not. resist. defaming her when legally ordered not to. :). The man seems absolutely compelled to double-down on his disrespect if he is pressured to act like a decent person. He just can't resist trying to "assert dominance" or something.
Carney should formally demand Krasnov "say Thank You" for our water, oil, wood, steel, potash and aluminum, before we drop tariffs. Heh.
EDIT: Vance, too. He should have to say Thank You, on the air, on Fox 'News', before we drop tariffs.
That’s the point. This will hopefully eventually pressure Congress to do their job.
I fear people think this will be a short term thing but in reality if we want to protect our sovereignty it has to be more permanent. We need to evolve other markets.
Canadians showing Trump you can put tariffs without shooting yourself in the foot.
Be careful, he might learn the trick. Or can he learn?
Can Donald "when I look at myself in the first grade and I look at myself now, I’m basically the same" Trump learn? You tell me.
https://theweek.com/speedreads/575962/donald-trump-tells-biographer-hes-same-now-first-grade
Since he subcontracts all his thinking and none of his talking out of both sides of his mouth, I would assume someone somewhere must hire some at least half-competent analytics guy before it all becomes distorted through their cronyist chain of command.
It seems selling Tariffs to his constituency as something that only affects other countries was his biggest grift after all.
Ah, who am I kidding. It's all grift. A gigantic hairball of grift.
I wish I knew enough about Canadian politics to have a deeper opinion, but afaics: Good
Oh and as a Eu citizen I feel very good about Canada maybe hopefully joining some sort of alliance with us. I didn't have it on my radar before 2025.
Canada has always seemed more European than not politically, so I hope we join the EU eventually
As a Canadian, we've had the attitude for awhile "at least we're not as bad as the USA" but we've definitely drifted from the EU way of doing things. I've always felt like a hybrid between the two (with leanings more to eu).
I wish as Canadians, instead of looking over the fence and patting ourselves on the back for not being the USA, we'd look over the fence and try to see what we can do to improve more (because why reinvent the wheel if you don't have to).
You know Canada is a NATO founding member, don't you?
Also we have a free trade agreement with Canada.
Meanwhile, in Canada..
But everybody said about Trumps tariffs, that the American people will have to pay them. Can somebody explain why Canada keeping the Tariffs is good then? Aren't it the Canadian people paying for them?
Honest question btw, I'm not trying to be snarky. I'm just a bit slow sometimes.
Edit: Thanks for the explanations, I think I have a better understanding now. Tariffs hurt the consumer and the foreign industrie, but Canadians are rdy to pay that price for their sovereignity.
You are correct, tariffs hurt everyone. The direct cost is paid by the importer not the exporter. Part of the reaction-turned propaganda point about the US is that American people will bear the brunt of the tariffs. This is because Trump/MAGA framed tariffs as a tax that other countries would pay the direct cost of, not the Americans importing the goods.
This led to a downplaying of how it would negatively affect the foreign industries exporting the goods, and apply political pressure on those countries. This is how tariffs usually work, you put tariffs on certain goods to apply economic/political pressure towards specific goals, e.g. tariffs on Chinese EVs to protect NA auto industry. This still hurts NA consumers in that they don't have access to cheap Chinese EVs, but gives NA auto a chance to catch up. Tariffs are a normal economic tool that can help with bringing industry back into your country, but it's a tricky balance.
Canada is under no illusions that we will have to pay tariffs on imported American goods. There's also a nationalist reaction to boycott American goods to an extent for starting this trade war, but Canadians will still hurt. The alternative would be to take it and submit to America's whims, which is not a real option.
This trade war is not within the norms of standard economic diplomacy/negotiation though, it's just unhinged chaos. IMO the chaos is the point, giving cover for Trump&friends to solidify complete control as they turn the US into an authoritarian regime and helps to bring American industries to heel under their rule.
I don't think they're saying it's good economics and yes, for the most part, we understand how these tariffs will affect us.
But there's a lot of anger at Trump here. Booing the American national anthem is not something we do lightly. I haven't seen people this united for a common cause for a long time. I regularly see people checking labels at grocery stores to avoid buying American even if we have to pay more.
We know a recession is likely for both countries and we'll be hit harder by it. It's a small price to pay for our sovereignty.
This is only marginally related but I just want to tell someone. I bought a more expensive Canadian bag of chocolate chips to make cookies today and holy smokes, they were immensely better than the other ones I usually buy. Way worth the extra 90c or whatever it was.
Hopefully this will all lead to us being more self reliant and having easier access to the awesome things that are already produced here. I'm also excited about more local beer in the liquor stores.
So: at least 4 years, probably longer :/
The Democrats don't tend to immediately back out of whatever direction the previous Republicans set the country in. maybe it has something to do with not being wasteful or respecting democracy or I don't know . I'd imagine this New foreign policy will last for 20 years.
There's a general governing philosophy that presidents tend to maintain agreements, policies, etc. agreed to by previous administrations. You want an international policy that is reasonably stable otherwise it makes it difficult for foreign nations to deal with the US.
Then we elected chucklefuck...
This is what the Orange Turd deserves. Act like a shit get treated like shit.
Tit4Tat will result in the USA always getting hurt worse than everyone else
Tit for tat is also the most effective strategy in game theory though.
Not saying this necessarily applies to this case or in general, but I just found out about this topic and I’m curious to see if and how well/poorly it applies.
Good they deserve it and have done since 1791.
Such a whiny brat about a needless tarrif war yam tits started himself. This orange turd has no clue how much Canadians hold grudges. This won’t ever be over. Canada is moving on.
Good to see Carney is holding the line. But will he keep/bulid off of the energy Trudeau used?
Good shit. Go Canada!