Summary
Canadian Prime Minister Justin Trudeau announced retaliatory tariffs after Donald Trump confirmed 25% tariffs on Canadian goods and 10% on energy, set to take effect at 12:01 a.m. Tuesday.
Trump justified the move by linking it to fentanyl smuggling concerns.
Trudeau called the tariffs “unjustified” and imposed 25% tariffs on $155 billion in U.S. goods, with $30 billion effective immediately and the rest in 21 days.
He warned of price hikes and job losses in the U.S., arguing the move violates Trump’s own trade agreement from his last term.
Tariffs on imports make the imports more expensive and push people to buy non-tariffed goods. This causes the exporting company to lose income from their exports
Capitalist companies may lose income from lost sales, but they will be raising prices to match the tariff. Probably throw an extra 5-10% on top of that for greed, because they can blame it all on the tariff.
should double those tariffs.
If Trump escalates, so do we.
If we go “all in” on day one, we don’t have any future leverage.
you are right, got to strategically tariff so it hurts US but with minimal impact on Canada.
got to strategically tariff so it hurts US but with minimal impact on Canada.
Yup.
That’s why the initial list of counter-tariffs were specifically chosen to hit the overlap of red states and things we make ourself, or can easily get elsewhere, or can comfortably do without for an extended period of time.
unfortunately, America has created a system where we can’t really do anything about the president at this point I am really wondering how long will the global world order allow Donald Trump to continue to screw things up for everybody else? Not just talking about economics with Mexico, Canada and China. But also the military situation in Ukraine, which directly impacts the European Union as well as NATO 
Unfortunately Americans are convinced they can’t do anything about it, so they don’t.
I vote, I protest, I make convincing arguments to family members to not vote for morons…what else we got? I mean, within the boundaries of the law, of course
The boundaries of the law exist to protect the status quo, which is why every important movement has been illegal.
The law also exists to keep people like me in jail (I’m a racial minority, low income, and a history of violence), I could sneeze wrong near a cop and get arrested.
