this post was submitted on 18 Jan 2025

200 points (98.5% liked)

World News

552 readers

665 users here now

Rules:

Be a decent person
No spam
Add the byline, or write a line or two in the body about the article.

Other communities of interest:

[email protected]

founded 3 months ago

MODERATORS

[email protected]

200

'We will not hesitate': Canada prepares to hit U.S. with billions in tariffs (www.thecanadianpressnews.ca)

submitted 1 week ago by [email protected] to c/[email protected]

22 comments fedilink hide all child comments

"We will not hesitate to act," Trudeau said at a meeting of the newly formed Council on Canada-U.S. Relations in Toronto. "We will respond and, I will say it again, everything is on the table."

all 25 comments

sorted by: hot top controversial new old

[–] [email protected] 104 points 1 week ago

Weakening both the US and it's allies through completely pointless infighting is exactly why putin put trump in power.

[–] [email protected] 20 points 1 week ago (1 children)

A second term that will be just like the first, with red States suffering from tariffs on their products while blue States are ok.

[–] Pilferjinx 5 points 1 week ago* (last edited 1 week ago) (1 children)

Maybe this could break the disillusionment that their king has their best interest in mind.

[–] [email protected] 18 points 1 week ago

Didn't work the first time

[–] [email protected] 14 points 1 week ago (1 children)

[–] esc27 7 points 1 week ago

Somehow Trump returned

[–] P00ptart 11 points 1 week ago

"spank me maple daddy!"

[–] [email protected] 7 points 1 week ago

It's pretty cool how people vote against their interests and cause themselves harm but at least there aren't any drag queens reading books to children. /s

[–] [email protected] 4 points 1 week ago

There was a nice writeup on Cory Doctorows blog on Wednesday about why counter tariffs are kinda stupid and what else Canada should should maybe do, to strengthen its local and international position.

https://pluralistic.net/2025/01/15/beauty-eh/#its-the-only-war-the-yankees-lost-except-for-vietnam-and-also-the-alamo-and-the-bay-of-ham

[–] edg 3 points 1 week ago (1 children)

I've been wondering if there is anything I can do, as a not well off united statesians, to prepare for Trump's dumb ass tariffs?

I don't have any big purchases that need to be made soon. Maybe stock up on coffee and get used to eating nothing but rice and beans?

[–] [email protected] 1 points 1 week ago

Buy any electronics you will need

[–] [email protected] 0 points 1 week ago

Yet another reason to vote to secede

[+] [email protected] -17 points 1 week ago (4 children)

[deleted]

[–] [email protected] 33 points 1 week ago (1 children)

What Canada and the EU will do is the same that the EU did when there were trade conflicts before. Instead of imposing general tariffs, they'll put tariffs in some key US exports that impact mostly swing states and red states but are not critical imports.

For example, when there was a conflict with Bush, the EU put tariffs on Harley Davidsons (to target Wisconsin), Whisky (to target Kentucky and Mitch McConnell), and Levi's Jeans. The idea wasn't to make Americans pay (duh), but make them too expensive in comparison with the alternatives and crash American exports.

[–] [email protected] 5 points 1 week ago

I think those tariffs must still be going here because it is like 120€ for one pair of Levi's where in the US, it is 60€ or less per pair with much more variety. When my girlfriend and I visited, she bought like 4.

[–] [email protected] 4 points 1 week ago

It does both, as those entities are punished they will look for alternatives or reduce consumption.

That's why with trade wars everyone loses, especially little people like you and me.

[–] Maggoty 3 points 1 week ago (1 children)

Heheheheh

Exit Tariff - A border tax collected on goods leaving the country.

Combine that with handing the tariff straight to the company that should the product and all you've done is jack up prices in the target country.

There's so much fuckery that can go on with trade.

[–] [email protected] 2 points 1 week ago (1 children)

So much for real maple syrup.

[–] Maggoty 3 points 1 week ago

There would be some American maple syrup but yeah it's price would rise sharply too because they aren't dummies. Protectionism always hurts the consumer.

[+] kitnaht -16 points 1 week ago (3 children)

Yep, the people importing from the US within Canadian territories will pay a tax to Canada for the items. The US won't be bothered with it much. It only serves to raise prices for Canadians. Especially in instances where they don't have any domestic production of an alternative.

[–] [email protected] 17 points 1 week ago* (last edited 1 week ago)

Which will incentivise domestic consumers to reduce consumption depriving them of profits, encourage local alternatives or finding new markets reducing future profits, and be a net negative for the target country.

It’s very obvious sanctions are effective or places like Russia wouldn’t complain about them all the time.

[–] [email protected] 12 points 1 week ago

The US exporters will be bothered if their products are more expensive and thus less attractive to buy. Do you really think all the world politics, economists and business leaders are just too stupid to get which effects tariffs have?

Do you think they would bother with counter tariffs if the tarrifs imposed by Trump would only hurt the US?

[–] [email protected] 8 points 1 week ago

That's kind of the idea. It's a punitive measure to discourage Canadians from buying US goods.

We might not have domestic alternatives for some things, but we dont necessarily need to get those from the US either. There are other countries we can import from. Failing that, some people might decide that they don't really need whatever item is being tariffed and wait for prices to go down.