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.
Last time we had a tariff war like this was the great depression
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.
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.
As another American, most of us want you to leave.
Take it all please, leave the rest of us able to fix what needs fixing.
Spank us, daddy! We’ve been so naughty…
name checks out
That was my reaction exactly. “Good. Fuck us.”
Same
Please Canada listen to your best and brightest
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
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?
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.
Make smuggling contraband across the great lakes great again.
god imagine how much worse the gang violence will get when the canuck mafia starts mowing down border patrol agents.
Canadian Mafioso: “sorry” machine gun noises, screams
Do it. Isolate this evil shithole until it collapses. Please do it.
The US needs to be broken up the way the USSR was.
Didn’t that also give us Putin?
Nice try but US used blind misplaced faith in your own superiority. It was super effective.
US against all will not work. Course the orange buttboy has his gay lover putin but russia has nothing but vodka and fetal alcohol syndrome.
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Not homophobia. Just a observation that people who are extremely vocal and violent against the gay are usually in the closet. See j edgar hoover.
And like every hardcore anti gay religious leader too
So you’re profiling and somehow that’s better?
We both know you are full of shit with that response. Just stop. You know you are wrong.
I’m not but you are. I’m tired of having to worry about the feelings of everyone around me when Its clear the right and left are both hell bent on getting offended about something. Don’t tell me what I meant because it triggers you. Goodbye.
Oh wow a triggered dig. You gonna call me a snowflake too?
What else would you call a relationship where 2 men love each other so much they share a bed?
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That would be idiotic and I imagine it’s just posturing.
Canada would lose that battle…hard.
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.
Apart from oil, what other significant import does Canada provide that will “hurt” the Americans soooo much?
As an elected official, Trump has to answer to the American people.
Ha!
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
Would it? It depends if all the other US trade partners also raise tariffs against the US (but not each other).
Tommorrow, “America” will become “AmeriKa.” Canada will survive and make progress, while the US will regress and fall apart.
A lot of the issues in Canada are the same as the issues in America except dialed up to 11. It is way more likely that Canada falls apart before America does.
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.
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.
The economy will be fine and probably flourish. Let us know when you wanna apologize :)
Apologize for what?
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.
What’s america? Ill just know rusmerica. There is no America.
I’m prepared, are they?
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.
“Trump is more respected by other nations the Biden” part deux dipshit boogaloo
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.”
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. :)
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.
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.
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.
