this post was submitted on 18 Jan 2025
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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.

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[–] [email protected] 8 points 4 days ago* (last edited 4 days ago)

"Trump is more respected by other nations than Biden" part deux dipshit boogaloo

[–] [email protected] 68 points 4 days ago (6 children)

As an American, I want the world to punish us for our bullshit.

[–] [email protected] 10 points 4 days ago (1 children)

That was my reaction exactly. "Good. Fuck us."

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[–] [email protected] 48 points 4 days ago (5 children)

As an American, I really want to get the fuck out of here.

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[–] [email protected] 26 points 5 days ago
[–] [email protected] 32 points 5 days ago (3 children)

Watching the US dollar

Grabs popcorn

[–] [email protected] 6 points 5 days ago (3 children)

Watching the already shit Canadian dollar...

looks up best noose rope

[–] [email protected] 20 points 5 days ago

rope prices too high

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[–] [email protected] 42 points 5 days ago

Repeated prisoners' dilemma. They have to threaten and they have to add tariffs if the US does, anything else would be bad strategy

It's not helped by the fact that Trump is corrupt and might have different winning conditions like "make Putin happy", but that doesn't change what Canada has to do.

[–] [email protected] 18 points 5 days ago (5 children)

I've said this before, the EU should just invite Canada into the Union.

[–] [email protected] 4 points 4 days ago

I dream of this outcome. We’re more politically compatible with Western Europe than we are to the US.

Obligatory “Well, except Alberta” which you can literally derail any good idea with.

[–] [email protected] 10 points 4 days ago (1 children)

Nice idea, but it’s not a good thing to distance yourself from your closest trading partner…just ask the U.K.

[–] [email protected] 8 points 4 days ago (1 children)

I'm.not saying Canada has to take the offer, just that it's something that should be on the table for trump to chew on.

[–] [email protected] 4 points 4 days ago

I see your stance now. Down with that mate.

[–] [email protected] 6 points 4 days ago (1 children)

Canada would have to switch to European standards instead of US ones. Their companies wouldn't be happy.

[–] [email protected] 4 points 4 days ago

How do Canadian companies like tariffs? Just saying, it's not impossible...

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[–] [email protected] 22 points 5 days ago (2 children)
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[–] [email protected] -3 points 5 days ago* (last edited 5 days ago) (1 children)

If, as most economists agree, tariffs hurt the importing country most - why would Canada do that to its own people?

[–] [email protected] 26 points 5 days ago* (last edited 5 days ago)

You misunderstand. Both countries relies on the other for goods that they don't have. If one of the parties suddenly says that their goods now are worth more, for no economic reasons other than to punish the second party, they have to match it. It's like game theory, you respond to injustice with a measured response similar to the first infraction.

Doing nothing would - in fact - benefit Trump. But Trump lives in a reality where no one except the US have the power to impose their will. Make no mistake, it will hurt both countries.

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