- cross-posted to:
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- cross-posted to:
- [email protected]
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.
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
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.
Ha!