this post was submitted on 03 Feb 2025
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Canada
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Canadians stood up to the bully and the bully turned tail and ran home crying to mommy.
I feel like Trump is grandstanding.
He shot his mouth off, Canada did some stuff (mostly in the fall fiscal update), he looked tough for his base, but relented at the 11th hour.
That last minute save means Trump doesn't have to deal with the sustained economic impact of tariffs. He got to stir the pot and see how much he can get away with.
Coincidentally, Mexico got the exact same deal. We're gonna go through the same song and dance next month.
But it's a good wakeup call for US allies: it's time to start looking for other markets and building trade deals with less volatile partners.