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Trudeau announces 25 per cent retaliatory tariffs on U.S. goods starting Tuesday
(toronto.citynews.ca)
Didn't he resign?
this post was submitted on 02 Feb 2025
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Hopefully this trade war doesn't devolve into an actual war....
How long does it take to reach the US? Couple months?
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(3 replies)
Why does this say 25 per cent instead of 25 percent?
25 per hundred. 25/100. 25 per centum.
That's just how it's spelled in some places, namely large parts of Canada. Which is likely where this article is from considering the website has Toronto in the name and is talking about the prime minister of Canada.
It means you pay 2500 on the dollar. Get tariffed bitch
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Wouldn’t a subsidy or tax incentive for things produced domestically be a more beneficial way to combat tariffs?
How so? These would increase demand for things produced in Canada, not really harm America. These are retaliatory tariffs, so the latter is the point here.
Correct me if I'm wrong, but for things that are made in both Canada and the US, if you increase demand for the version made in Canada, your country benefits, while hurting the US, since less is sold, so less money earned. Citizens are the ones paying tariffs anyway
One problem is that a lot of manufacturing has left Canada. So, with an increase in demand for Canadian products, it would take a while to ramp up production. Most likely what will happen is that we would just import more from other countries (most likely China). And, then, much like what happened after the government injected cash into the economy during the pandemic, we'll suffer more inflation than what is healthy for Canada.
If we had the manufacturing capacity to be self sufficient (oil refinement and gasoline production is a big one that we let USA do), then your idea might work.
However, I don't think that Canada's purchasing power (on an individual consumer level) is strong enough to put a dent into USA manufacturing sales... Our population is only approx 1/10th that of the USA.
The thing is: It'd be too roundabout to have the desired effect or message. Subsidies and tax incentives are good tools for strengthening your economy and lessening your dependence on exports, but they're not really going to create the kind of sharp downward curve on sharesholders' graphs that'd be considered retaliation.
It also hurts every other exporter instead of just USA, so it's pissing everyone off.
Tat, meet Tit.
I order a decent amount of coffee from Canada and am pretty miffed about this on a personal level not to mention a philosophical one.
Now that is a leader! His comments underline the senselessness of these tariffs:
“If President Trump wants to usher in a new ‘golden age’ for the United States, the better path is to partner with Canada not to punish us. Canada has the ingredients necessary to build a booming and secure partnership for the North American economy and we stand at the ready to work together.”
“We will stand strong for Canada. We will stand strong to ensure our countries continue to be the best neighbours in the world.”
How could you not ask for a better friend even when you're (US) being an asshole?