this post was submitted on 24 Jan 2025
260 points (98.1% liked)

World News

35972 readers
899 users here now

News from around the world!

Rules:

founded 5 years ago
MODERATORS
 

cross-posted from: https://lemmy.world/post/24657192

Summary

In a virtual speech at the World Economic Forum, Trump suggested Canada could become a U.S. state to avoid his proposed tariffs on imports.

The remark elicited gasps from the audience.

Trump claimed the U.S. does not need Canadian lumber, energy, or vehicles, vastly overstating the trade deficit between the two nations.

He reiterated his intention to impose tariffs, potentially as high as 25%, on imports from Canada and Mexico starting February 1.

Economists warn such tariffs would raise prices for U.S. consumers.

(page 2) 50 comments
sorted by: hot top controversial new old
[–] lorty@lemmygrad.ml 0 points 3 months ago

I personally think this is bravado to negotiate something more realistic, although if he really wanted to it's unlikely Canada would resist.

[–] sircac@lemmy.world 30 points 3 months ago (1 children)

Why people keep listening to what that being says? Just respond to his actions, anthing else is useless...

[–] TrickDacy@lemmy.world 19 points 3 months ago (1 children)

I somewhat agree with your point but after years of him saying he would do fucked up shit and then him doing a lot of it, it helps to be prepared for his intentions as they manifest into actions in many cases.

load more comments (1 replies)
[–] WilfordGrimley@linux.community 0 points 3 months ago
[–] ksynwa@lemmygrad.ml 12 points 3 months ago (2 children)

What about the provinces within Canada? Are they gonna all merge to become one US megastate?

[–] Binette@lemmy.ml 8 points 3 months ago

All I know is that Quebec would never allow that

[–] UltraGiGaGigantic@lemmy.ml 4 points 3 months ago (1 children)
[–] Allero@lemmy.today 2 points 3 months ago* (last edited 3 months ago)

Finally, Hannah Montana!

[–] humanspiral@lemmy.ca 26 points 3 months ago (1 children)

There is no actual fentanyl or immigration basis for tariffs on Canada. Just submit to less representation than California, and help absorb large US debt with little in return for it.

[–] Grapho@lemmy.ml 16 points 3 months ago (1 children)

There's no basis for tariffs on Mexico either.

[–] bennieandthez@lemmygrad.ml 12 points 3 months ago

Really there is no basis for any tariffs, the richest nation in the world putting tariffs on other nations products because they can't keep up is embarrassing.

[–] Spacehooks@reddthat.com 47 points 3 months ago (10 children)

Us citizens pay tariff this doesn't hurt Canadians. They should call bluff and say do 30%.

[–] Banana@sh.itjust.works 4 points 3 months ago

We have a lot of resources. Ya our shit will get more expensive, but he's gonna fuck his own country doing this. Canada will survive.

[–] Revan343@lemmy.ca 16 points 3 months ago (1 children)

It potentially reduces exports from Canada to the US, hurting our economy. Nobody wins

[–] bstix@feddit.dk 24 points 3 months ago* (last edited 3 months ago) (1 children)

Canada imports more from USA than it exports to USA. A trade war that decreases exports would hurt USA more than Canada.

The largest exports from USA to Canada are cars and trucks. (Finished products) The largest exports from Canada to USA are minerals, fuels and pulp. (Raw material)

This puts USA at a disadvantage in a tariff game, because it's a lot easier for Canada to replace American cars with Asian or European cars, than it is for USA to replace the variety of ressources that Canada provides

It's also a lot easier for Canada to find other customers for raw materials than it is to sell American cars on other continents.

[–] bennieandthez@lemmygrad.ml 4 points 3 months ago

We'll have to analyze more deeply but it is very likely that these exports to Canada are actually coming from México.

[–] refalo@programming.dev 3 points 3 months ago (1 children)

My understanding is that tariffs in general can apply to both imports and exports, on either side.

[–] Spacehooks@reddthat.com 10 points 3 months ago (2 children)

Well according to wiki you are right. I was on ever taught tax on imports in school. Taxing exports only works of there is one possible vendor and if there is not then the competition will just has to charge slightly less while expanding production.

Imagine if China , EU, and or japan be like here is 10% discount. Or better yet Trade alliance among countries who Trump charges on exports would be hillarious.

load more comments (2 replies)
load more comments (7 replies)
[–] SneakyWeasel@lemmy.ca 11 points 3 months ago

How about trump can suck my left nut. There, I said it.

[–] PanArab@lemmy.ml 11 points 3 months ago* (last edited 3 months ago) (3 children)

Canada’s economy is dependent on the US. Trump might actually pull this off.

Edit: More context since people are downvoting. Consider the following now picture yourself one of the greedy capitalists in Canada, which is a preferred outcome? Losing your wealth or losing Canadian sovereignty?

Just because I think it is likely doesn’t mean that I think it’s right. This is clearly wrong.

[–] humanspiral@lemmy.ca 12 points 3 months ago

Canada's oligarchs like the fact that only Israel and US is allowed to compete with them, and elections are cheaper to buy. A single state makes them lose power. Population understands only negatives from US, and also would not vote for Trump.

Unfortunately for Canadians, they are still programmed to side with US over China and Russia, and that programming makes it a blasphemy to seek independence that would also protect them from the US. As long as Canada's position is to beg to restore its fully subservient colonial status, then the Trump extortion will continue.

One goal that Musk would have behind this is that it can destroy the big 3 automakers.

[–] benji@lemm.ee 5 points 3 months ago (1 children)
[–] PanArab@lemmy.ml 3 points 3 months ago

Likely doesn’t mean inevitable. I am the pessimistic type, so there’s that. I hope that I am proven wrong.

[–] Pyr_Pressure@lemmy.ca 22 points 3 months ago* (last edited 3 months ago)

Canada is also America's largest trading partner.

America had $357 billion dollars worth of imports from Canada in 2023, if they introduce a 25% tarriff Americans will pay $446 billion instead because it's not like you'll get all that stuff anywhere else for cheaper since America is going to put tariffs on practically every other country they trade with apparently.

Corporations spend billions on the current infrastructure and trade routes and logistics, they will not uproot everything and go through the pains of firing everyone then moving to America and retraining because of a short term loss. American administrations are fickle, many of them will simply wait out the 4 years hoping it will return to normal then. If it doesn't then maybe they might consider it then but for the next 4 years Americans are going to be paying a shitload more for anything that's not made in America.

American businesses will also find it a lot more difficult to sell their products out of the country when those countries retaliate with tarriffs against them.

load more comments