this post was submitted on 01 Feb 2025
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Summary

Donald Trump launched a trade war against Canada by imposing a 25% tariff on nearly all Canadian goods, including a 10% levy on energy products.

His action, intended to pressure Canada to curb fentanyl flows, contradicts official trade figures and ignores that most deficits result from American demand for cheaper Canadian oil.

The tariffs, set to remain until Canada complies, could cost billions to Canada’s economy and disrupt $800 billion in annual trade.

Canada is expected to retaliate, forcing Prime Minister Trudeau to respond amid escalating cross-border tensions.

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[–] [email protected] 13 points 18 hours ago (3 children)

Canada will probably just cut off the pipelines into the US and partner with Europe to get all that oil shipped there.

[–] Jimmycakes 11 points 18 hours ago* (last edited 17 hours ago) (1 children)

That's exactly what they want and what all this is about. America has access to all the oil it needs but there are too many pesky laws and environmental exclusion zones. This will create a "shortage" so they will need to start up new drilling operations in the gulf, in Alaska, fracking, national parks, any other shit they got cooked up. We can become a net exporter in the short term so these ghouls can get richer quickly and they will have all their money and it will be someone else's problem to fix

[–] LifeInMultipleChoice 8 points 18 hours ago* (last edited 18 hours ago)

I mean we knew his goal when he outwardly asked the oil executives to buy him

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