‘No room left for Mexico or Canada’ to make a deal, Trump says
U.S. President Donald Trump says his long-threatened trade war is going ahead with tariffs on Canadian goods set to take effect just after midnight and there’s nothing Canada can do to stop them.
Speaking to reporters at the White House, Trump said the United States has been “a laughingstock for years and years” and he needs to take trade action against its continental neighbours.
He said Canada has allowed fentanyl to flood into the U.S. despite data that shows the claim is false.
“Very importantly, tomorrow, tariffs, 25 per cent on Canada and 25 per cent on Mexico, and that will start. So, they’re gonna have to have a tariff,” Trump said.
Ontario Premier Doug Ford, who just won a landslide majority government last week on an election promise to take on Trump and his tariffs, said the premiers are waiting to see what happens over the next 24 hours.
ffs my other side of country neighbors I trusted you guys to get rid of this useless fuck
Less than half of all eligible voters decided to show up. They must love the idea of FORD robbing Ontario blind.
Just so I’m clear, if/when Trump imposes tariffs on Canadian goods entering the US, Canada plans reciprocate with equal Teriffs on US goods entering Canada?
I/we know and understand that teriffs are basically an import tax, paid to the government by the companies which are bringing the product in, and generally that cost is passed down to consumers in the form of a higher price tag on goods.
Is the end goal here is to bolster our own economy by making US goods prohibitively expensive for Canadian citizens to buy, in turn making Canadians more likely to purchase Canadian goods (which is what we are trying to do anyway)?
What is stopping this from hurting out economy the same way it will likely hurt the US economy?
I feel like I need a stronger understanding of the situation.
Canadian tariffs are targeted in a number of ways. One of the ways is targeting American goods that have Canadian alternatives. So the goal is to make American products less attractive by making them more expensive, damaging the US economy while bolstering our own.
There aren’t really winners in trade wars but the goal is to minimize our pain while maximizing theirs.
What is stopping this from hurting out economy the same way it will likely hurt the US economy?
The main factor is that our tarrifs are likely to be more targeted, because we have a reasonably functional government
