@[email protected] to World NewsEnglish • 20 hours agoThe absurdity of Donald Trump’s trade warwww.ft.comexternal-linkmessage-square23fedilinkarrow-up1212arrow-down15file-textcross-posted to: economy
arrow-up1207arrow-down1external-linkThe absurdity of Donald Trump’s trade warwww.ft.com@[email protected] to World NewsEnglish • 20 hours agomessage-square23fedilinkfile-textcross-posted to: economy
cross-posted from: https://lemmy.dbzer0.com/post/36891509 https://archive.is/2025.02.02-171159/https://www.ft.com/content/069a3af8-261b-4848-b19b-4fe82d324c64
minus-squareMaple EngineerlinkEnglish32•13 hours agoHere are some numbers to consider. The US sold $441 billion worth of goods and services to Canada in 2024. Canada sold $482 billion worth of goods and services to the US in 2024. The US has a populating of 334.9 million people. Canada has a population of 40.1 million people. Per capita, every American man, woman, and child spent $1,316.81 on Canadian goods and services. Candians spent $12,019. 95 on American good and services. Who isn’t pulling their weight in this trading relationship? This isn’t about illegal immigration and it isn’t about the 20 lbs of fentanyl that tried to cross the border from Canada. This is about the billionaire class raising taxes on the poor and raising prices for Americans.
minus-square@ChillPilllinkEnglish5•13 hours agoHe needed to find a way to bolster government revenue so that he could give his billionaire buddies that bought him the election a nice tax break. As they say: don’t let a good crisis go to waste.
Here are some numbers to consider.
The US sold $441 billion worth of goods and services to Canada in 2024.
Canada sold $482 billion worth of goods and services to the US in 2024.
The US has a populating of 334.9 million people.
Canada has a population of 40.1 million people.
Per capita, every American man, woman, and child spent $1,316.81 on Canadian goods and services.
Candians spent $12,019. 95 on American good and services.
Who isn’t pulling their weight in this trading relationship?
This isn’t about illegal immigration and it isn’t about the 20 lbs of fentanyl that tried to cross the border from Canada.
This is about the billionaire class raising taxes on the poor and raising prices for Americans.
He needed to find a way to bolster government revenue so that he could give his billionaire buddies that bought him the election a nice tax break. As they say: don’t let a good crisis go to waste.