Summary
Canada is preparing to retaliate against Donald Trump’s proposed 25% tariffs on Canadian imports, which could trigger the largest trade war between the nations in decades.
Prime Minister Justin Trudeau promised counter-tariffs worth $37 billion, with potential for further measures, depending on Trump’s final order.
Canadian officials warn the tariffs could harm both economies, disrupting key sectors like automotive, energy, and agriculture.
Labor leaders expressed concerns over job losses and urged collaboration. Canada hopes to avoid tariffs by highlighting their mutual economic impact to U.S. lawmakers.
As an American, I want the world to punish us for our bullshit.
As an American, I really want to get the fuck out of here.
Do get out. I’m an Italian living in the UK and while no country is perfect, any first-world country is better than the US right now to live in. I can’t fathom the idea of dying for a miscarriage, or being forced to have a pregnancy I don’t want, or having my kids go through regular mass-shooting drills and actual mass shootings, or having to ration insulin, or going bankrupt for a cancer, or being shot by a neighbour, or having trials based on theatrics rather than law, or having for-profit prisons and for-profit hospitals, or not trusting our cops, or religious zealots making religion-based laws for everyone, or not having social services, sock leave, maternity and paternity leave, and so on and so on. Honestly our very imperfect countries are a social paradise compared to the USA.
As a non-american, you’re doing about okay as everyone else.
as an american - yall need some laws against tech bullshit if you want to stop this
For real. There is no escape unless you got a passport to a Scandinavian country. And then, it’s temporary. American nonsense is pervasive, it comes for everyone!
I’d say it’s time to leave the planet but I’m not a billionaire so… fuck me I guess.
Spank us, daddy! We’ve been so naughty…
name checks out
Take it all please, leave the rest of us able to fix what needs fixing.
That was my reaction exactly. “Good. Fuck us.”
Same
As another American, most of us want you to leave.
Last time we had a tariff war like this was the great depression
Please Canada listen to your best and brightest
This is pure genius. Hit them where it hurts the most while simultaneously benefiting consumers.
I don’t understand why this isn’t the first option when a treaty is violated? Whybwould Canada continue to enforce their side of a now nullified agreement? How does Canada benefit from this?
It’s a good thought but much less practical than retaliatory tariffs. I don’t think there is precedent (in recent times) of Western nations overtly violating each other’s intellectual property rights.
Well now seems like a very good time to set a precedent
I love long-discredited economic ideas making a comeback. As someone who studied Econ, it’s just peachy seeing people vote to be poorer because no one remembers the last 50 times this was tried and didn’t work.
Please, everyone read about the 1800s. I’m not completely hostile to crypto but so many crypto people are like, “What if we had a ‘free banking’ era? Surely, there’s no downside.” And you just slam your fist on the table and say “Please read one AP American history book. An actual textbook, not a YouTube video. I’m not a particle physicist because I watch PBS Space Time.”
Could you give me a quick summation of why a free banking era is a bad thing and how it relates to the 1800s?
Not trying to start an argument, just genuinely curious
So, essentially, every bank was issuing its own currency. But banks fail all the time. And no one knew what was real money. I’m saying this on Lemmy so I’m clearly for distributed things but cash money needs a central bank, for trust reasons. Gold is a stable element so it was that for centuries but it also led to horrible things. Like an entire hemisphere dying of smallpox.
So, long story short, after WWII. we settled on the U.S. dollar, which was then pegged to gold. Eventually, Nixon decided to unpeg it from gold. Which was fine because gold was arbitrary. We could have pegged it to any element on the periodic table. Bretton Woods is what to google to read more.
So, what is the dollar backed by now? Mostly the U.S. Navy and trust built over time. It’s not perfect. America has never defaulted on its debts and you can exchange dollars for local currency at any airport. The independence of the U.S. central bank is a big reason. But if you’re writing a contract for a global deal, you use dollars. If Argentina wants to buy something from Vietnam, the contract uses dollars.
In the 1800’s, there was no agreed upon currency. Banks made their own currencies. And it was a catastrophe.
Basically, if you go buy dope, the dope man isn’t taking foreign currency except maybe U.S. dollars. Euros are probably fine but the dope man isn’t taking shit that can’t be changed into local currency. He’s got bills to pay too.
American dollars have value for irrational reasons but they have proved the test of time.
the principal hypothesis of the bitcoin experiment is that a central ledger and issuer is not actually necessary, and it’s still going strong
central banks are a hell of a lot better than the hodgepodge that arose in the 1800s, but it’s not proven that they will outlast an adequately designed decentralized implementation (whether it’s bitcoin or something else)
there are plenty of problems down the road for bitcoin, but there are arguably more for central banks. can a centralized currency survive the failure of its backing empire?
If central banks are gone, you can probably assume the data centers are too. Crypto relies on a stable society far more than dollars.
I feel like in every field right now, experts are facepalming all the ignorant decisions being made.
I think you’re right, and all of this is a side effect of mortgage-level paywalling of such education, and subsequent devaluing and even demonizing of it.
Resources like AP textbooks don’t just come up in peoples’ feeds. So they’re probably not even aware of them even if they were interested in the subject. And if they are, they gotta scrounge around eBay or those “library” sites.
Either way, it won’t reach the people who need to hear it most.
YouTube’s gotten really bad with commercial and ideological interests, but I do appreciate some creators out there making an effort to create digestible educational material.
But yes, the cryptobros phenomenon , or “DOGE” just being a re-vomit of failed Reagan/Thatcher-esque grifting policies, it’s all being pitched as something brand new and never done before.
Thanks for highlighting that I should check out 1800’s era “free banking” economics though. I’m really curious. :)
I think it’s a bit late to tell people to look up why this won’t work, especially on Lemmy.
Everyone here knows Trump is not going to be good for the economy and can’t or won’t do anything about it.
Eggs are going to be so cheap bro.
Just one more oil boom, bro. We promise not to piss this one away. C’mon, don’t hit us with oil tariffs on our marginal product we can’t get to market. Don’t be a dick bro.
some car parts cross the border as parts en route to assembly plants, and then back again in fully-assembled vehicles.
Some cars cross the border 5 to 6 times while being assembled. Car prices are going to sky rocket.
As an American surrounded by trump voting douchebags, I hope the economy crashes and people get a taste of what voting like a retard feels like.
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when you have a certain world vue your frame of reference is this one. And you will prefer to hide reality for a very long time before admitting you made a poor decision. Worse admitting your point of view is not moral, or problematic.
All of this to say, people will not make a direct correlation between facts and their acts. They will find another plausible (for them) explanation.
What’s america? Ill just know rusmerica. There is no America.
I get the feeling many of these people are also preppers and actively yearn for a crash to justify spending their lives readying for it.
The economy will be fine and probably flourish. Let us know when you wanna apologize :)
Apologize for what?
Trump doesn’t understand that tarrifs go both ways.
It’s kind of amazing that his first priorty upon entering office is taking revenge and starting wars. What an incredible person and even more than that, an incredible leader. Amazing.
He doesn’t care if Americans get hurt or suffer his batshit policies. His moronic base will support him even if they’re suffering; they’ll blame it on the brown people.
Canada/Mexico Tarriffs are reportedly, -not- coming “right away”…
😐
billionaires would kill trump before they let him take a dollar from them
where were you when the billionares were lining up to kiss the ring of the man who was given clemency and immunity from literally murdering all of them with government spook squads?
Trump’s whole job is to create scapegoats while they plunder the public sector. The idea that billionaires are working for trump and not the other way around is laughable.
That would be idiotic and I imagine it’s just posturing.
Canada would lose that battle…hard.
Would it? It depends if all the other US trade partners also raise tariffs against the US (but not each other).
Canada has a much bigger GDP than you’d guess from their population.
Size of gdp gives no indication how reliant they are on trade with another country, though
Sorry I dropped my ‘‘obviously macroeconomics is more complex and nuanced than a single metric’’ warning for that reply.
There is no winning for Canada here. Most Canadians are well aware of that. The goal is to make it hurt enough for Americans for the mutual hurt be as short-lived as possible.
As an elected official, Trump has to answer to the American people. If his policies worsen the affordability crisis (and retaliatory tariffs from Canada will achieve so that for a notable subset of Americans) then he may be compelled to reverse course.
As an elected official, Trump has to answer to the American people.
Ha!
Apart from oil, what other significant import does Canada provide that will “hurt” the Americans soooo much?
It’s America we’re talking about. This is a nation that traverses oceans and continents to shed blood for oil. An export tax on it from one of its major suppliers would be enough. The US would no doubt be able to weather any import tarriffs imposed by Canada but it will be bad for business for them. Canadian officials have already made a list of items they’re going to target which would impact $35+ billion in American goods.
Doubt that Trump sticks with this, and if he does, Canada is going to bring the US along for the ride kicking and screaming until it stops hitting itself.
“Trump is more respected by other nations the Biden” part deux dipshit boogaloo
Good, Do it. Every country should do it. Make it fucking hurt.
I can’t wait to not be able to afford diapers since racist rednecks elected a clown. It’s like being held hostage on a train that’s headed for a brick wall. Trying to raise a family through this is so hard.
I’d like them to focus on taking all the Americans who can contribute to the economy. I volunteer for tribute.
The problem is Canada doesn’t want a bunch of Americans.
But but, I have good job, no guns, no criminal record, aaaaaannnnndddddd I like hockey. So, maybe? Like a trial basis? 😅
Hmmm…are you from Michigan? Minnesota?
I will be from wherever you want me to be.
We don’t want their guns, the litigiousness, the exceptionalism and the arrogance, but other than that, we actually love Americans.
Tell me about it. Buddy of mine married an American, a texan, she’s fairly liberal as far as they go…
She just had a baby and was granted 18 months maternity leave, didn’t pay a dime, had an in home nurse due to complications. All for free.
We just talked about how she would prefer to have to pay her employer for health insurance rather than “Lose so much to these crazy taxes.”
If a liberal minded, young person thinks like this, how many of them think like this? Stay to the south. Please.
The weirdest thing is that their thinking is so short-term. Like it didn’t occur to her that those “crazy taxes” would also cover someone else’s maternity process?
Texans seem to think they’re top of the world and unstoppable “without those pesky taxes” until some family-illness or accident shows up and threatens to bankrupt them overnight.
Like it didn’t occur to her that those “crazy taxes” would also cover someone else’s maternity process
It occurs to them fine. They don’t care. American attitude is “fuck you, I’ve got mine.”
It’s all very short sighted and to be honest I can’t blame them for their brainwashing most of the time.
They hear if places with 30, 40, 50% tax rates and are appalled but they don’t realize that the combined income of a nation can more than subsidise education, healthcare and so much more while still affording an amazing quality of life.
They call Europeans poor because they don’t own 50 acres and a McMansion with 3 mud crawlers in the garage.
My buddy’s wife just doesn’t understand how far out tax money goes and thinks our government is just as corrupt as hers.
Nothing is for free, taxation pays for the medical care.
Significantly less so when you don’t have to worry about copays, premiums and other services.
Civilised countries ask everyone to chip in and take care of one another. Your kid’s booboo tomorrow and your neighbours cancer the next. All taken care of because we can. No medical poverty.
Kind of. Some of my best friends and all that… lots of fabulous expats in my little exurban community. Usually great people with american cultural baggage that encourages a kind of heroic individualism that is no big deal until you’re organizing in a group or the like. Not smug, more… socially entitled? It grates on local sensibilities sometimes, and it’s hard to explain unless you apply an analysis of colonialism. We recognize the colonizers more than the other way around.
Are any of these lovable Americans in the room with us now?
I dunno I’d like to think we’d get along. :) (wave)
I’ve some of them in my family and my friend circles, so, yes sure.
I’m currently up in Canada for an extended stay, it’s honestly so much nicer than back home. I’m gonna be sad to leave. I too gladly volunteer as tribute.
Nice, what part of Canada?
Ontario :)
OooOoooO fancy
You should stay in Canada, at minimum, until Jan 2029.
I wish I could. The culture and city feel uncannily familiar, it’s a lot cleaner, and I made so many friends in my first few days here
You should probably wait until after Monday to come home. Maybe something catastrophic will happen and you’ll get stuck there. Oh noooo
Nice! I spent like one day in Vancouver and it blew my mind how CLEAN that big city was.
And also it was the first foreign country I had ever visited. I expected it to feel a lot…stranger? But nah. It felt like home. Just with occasional maple leaf flags instead of 1000 Stars and Stripes flying off every building lol.
People were super nice, too.
I got the vibe I could never afford to live there in a million years. Lol
We have no choice-- we must give California to Canada to assuage their anger. A tariff war would be bad for business. Its a shame its come to this, but jobs might be at stake here.
While I love the idea, they’d never go for it. It would double their population instantly and completely upend their political system.
Well okay fine, just SoCal then!
…damn, your point still stands. ._.
I’ve said this before, the EU should just invite Canada into the Union.
Canada would have to switch to European standards instead of US ones. Their companies wouldn’t be happy.
How do Canadian companies like tariffs? Just saying, it’s not impossible…
Nice idea, but it’s not a good thing to distance yourself from your closest trading partner…just ask the U.K.
I’m.not saying Canada has to take the offer, just that it’s something that should be on the table for trump to chew on.
I see your stance now. Down with that mate.
The Canadians can take the Blue States with them to the EU.
I’m not too sure they’d be such a great fit for the EU, culturally and socially. That sounds like we’d be taking in a Trojan horse.
I dream of this outcome. We’re more politically compatible with Western Europe than we are to the US.
Obligatory “Well, except Alberta” which you can literally derail any good idea with.
Nice try but US used blind misplaced faith in your own superiority. It was super effective.
