this post was submitted on 02 Feb 2025
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Summary

Trump signed an executive order imposing 25% tariffs on Canadian and Mexican imports—excluding Canadian energy at 10%—plus additional duties on Chinese products.

In response, Prime Minister Justin Trudeau announced a 25% duty on $155 billion in U.S. goods, beginning with $30 billion in tariffs Tuesday.

Mexican President Claudia Sheinbaum indicated reciprocal tariffs, rejecting claims that Mexico tolerates criminal groups trafficking fentanyl and insisting on respect for sovereignty.

Experts warn these tit-for-tat measures could drive up costs, disrupt supply chains, and mirror the previous U.S.-China trade war, possibly harming security.

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[–] whats_all_this_then 10 points 4 hours ago* (last edited 4 hours ago) (2 children)

Dunno enough to know how well it'd work but I read a comment here the other day saying Canada and Mexico shouldn't retaliate with tariffs but instead opt out of their side of UMCA and just not uphold US IP laws. They could individually or together invest heavily into forming companies that provide cheaper alternatives to whatever crap US companies pull for recurring revenue. Stuff like legally mandating that phones have a local-made app store pre-installed, subsidizing or outright investing in really well made and well maintained jailbreaks, third party repairs, and third party spare parts for stuff like John Deere products, Apple produccts, Tesla products...pretty much eat the tariffs on exports to the US, don't retaliate with own tariffs so prices locally don't go up, but hurt US profits everywhere else by becoming a provider of cheaper but still reliable (probably more reliable tbh) alternatives to anything US.

I'm kinda disappointed that's not what's happening rn

Edit: USMCA, not NAFTA

[–] Eagle0110 5 points 2 hours ago* (last edited 2 hours ago) (1 children)

Everything you described takes half a decade minimal to be put into reality. You are literally describing building a whole fricking industry. And we all know how fast you can establish industries in North America.

When a literal bully is stabbing you, you do NOT wait for half a decade to do something about that.

Instead, retaliatory tariffs are pretty much the only thing they can do instantly as a government.

[–] T00l_shed 2 points 2 hours ago

We should do both. And very targeted tarrifs, not stupid broad tarrifs

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

In reply to your edit: it's CUSMA if you want to annoy Trump :)

[–] dwalin 7 points 4 hours ago

As an European i'll be expecting a visit to Canada from our representatives in order start the negociations on a deal that bennefits both of us

[–] nogooduser 7 points 6 hours ago (3 children)

As tariffs hurt the importing country, not the exporting country I think that it’s odd that Canada would punish their own citizens in retaliation.

They should have added a 25% export tax on energy seeing as Trump clearly didn’t want to pay more for his imported energy.

[–] [email protected] 15 points 4 hours ago

If you heard the speech the fact that they are giving time for the full set of Tariffs mean we have a small set (booze) we are willing to cut right away. Ie. Jack Daniels is no longer on store shelves. Orange juice is no longer on store shelves.

The extra time is for Canadian companies to find alternative (non-American) suppliers. They may be more to import due to distance/time but less impact on tariffs and potentially still more cost at the end for consumers but at the same time not American goods.

The intention is to ween us off your teat.

I don't think Americans realize that long term this is not good for you. Once new trade routes come in, it's going to be hard for you to get those partnerships back on account of you showing yourselves as a horrible business partner.

Canada will hurt in the short term but we will be stronger in the long run.

The only thing I'm worried about now is a full on American invasion and I fear that's on the table.

[–] [email protected] -2 points 1 hour ago* (last edited 18 minutes ago)

The US President imposes taxes on Canadian imports that US citizens will have to pay. In response, the Canadian Prime Minister retaliates with taxes on US imports that Canadians will have to pay.

Basically, both just want to raise taxes.

[–] [email protected] 15 points 6 hours ago (2 children)

As tariffs hurt the importing country, not the exporting country

They very obviously hurt both so long as there's any demand elasticity and especially when there are alternatives sources for the products .

[–] GrammarPolice 1 points 5 hours ago (1 children)

Explain how demand elasticity affects both countries please. I expect Trump uses these tariffs as a scare tactic for countries who depend greatly on exports to America, but i don't know how elasticity of demand plays in.

[–] [email protected] 2 points 4 hours ago

Tariffs will drive the prices upward but consumers will still be compelled to make those purchases for a time, which is to say that they will just bite the cost because the alternative is less desirable. This demonstrates a lack of equilibrium between price and demand. In a non-elastic scenario, the rise in price would directly correlate to a decrease in demand.

[–] [email protected] -2 points 6 hours ago (1 children)

So, is Canada going to import what it gets from the US (it's only geographic neighbour) from elsewhere?

If the answer is "no, not without at least a 26% jump in cost" then the tariff is a bad response.

[–] [email protected] 7 points 4 hours ago (1 children)

Would you rather us bend over and take it?

Fuck America. You asked for this. Reap what you sowed. Unlike your trifling ass back home we are unified here. You have made us stronger as a nation.

[–] [email protected] 99 points 12 hours ago (3 children)

This fucking clown is going to push the whole world into a new recession.

[–] MyPornViewingAccount 50 points 12 hours ago

Trump Depression by 4th of July

[–] [email protected] 41 points 12 hours ago (2 children)

That way the rich capitalists can buy up EVRRYTHING at fire sale prices!

[–] [email protected] 19 points 10 hours ago

Remember when Biden was doing all he could to keep things in one piece while all the newspapers were trying to doom and gloom us into a recession just after the Great Resignation?

[–] [email protected] 6 points 11 hours ago (1 children)

Stability is bad for business

[–] obinice 4 points 8 hours ago
  1. War is good for business!
[–] TingoTenga 8 points 12 hours ago

The Great 1929 Recession boosted conservatives.

[–] [email protected] 28 points 10 hours ago* (last edited 6 hours ago) (1 children)

Can he also tell Google to NOT show both "names" for Gulf of Mexico in his country? This could spark a wave of international boycott of Trump's petty bullshit.

[–] FelixCress 6 points 8 hours ago (1 children)

I just checked on mine, it says "Gulf of Mexico". Perhaps it depends where a user is located?

[–] [email protected] 7 points 6 hours ago (1 children)

Idk when the change is implemented but Google said it would show

  • "Gulf of America" in the US
  • "Gulf of Mexico" in Mexico
  • Both names elsewhere

Nothing has changed for Czech users yet.

[–] [email protected] 2 points 1 hour ago

It annoys me so much. It hasn't updated yet in Canada but "Gulf of America" is just wrong for any country outside of the US. Why show me Gulf of America when that's not a recognised name for my own or any other country besides the USA.

[–] DicJacobus 41 points 12 hours ago (4 children)

Good morning American Neighbors. Have you classified me and mine as threats to your ~~world hegemony~~ National security yet?

[–] [email protected] 15 points 9 hours ago (3 children)

If you're Canadian, can you please come and burn down the White House again?

[–] AngryCommieKender 1 points 28 minutes ago

He's trying to fire all ATCs. Ukraine has shown how easy it is to turn a drone into a firebomb.

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

I'm about ready to ngl

[–] GrammarPolice 3 points 5 hours ago (1 children)

Just get the Jan 6 rioters on call, I'm sure they'd be happy to help with that

[–] PunnyName 1 points 5 hours ago (1 children)

Not with their God King in the building.

[–] [email protected] 2 points 4 hours ago

Yup they're now officially standing by.

[–] [email protected] 26 points 12 hours ago (1 children)

please, just put us out of our fucking misery. PLEASE.

[–] DicJacobus 14 points 12 hours ago (1 children)

too busy keeping an eye on our own fifth column, and potential collaborators/quislings should things go "there" .

Considering Trump's reaction to retaliation against his own divine authority, is to flip the fuck out and escalate.

"HOW DARE YOU RESIST"

[–] [email protected] 11 points 12 hours ago

I wish you the very best. know that many, many, many of us consider you to be true friends and neighbors. please be there and sane should we manage to reverse this disaster. we will need you.

[–] [email protected] 4 points 10 hours ago

Please marry me so I can get Canadian citizenship and escape this insane fascist hellhole, PLEASE

[–] SinningStromgald 3 points 12 hours ago

Coming soon.

[–] JeeBaiChow 14 points 11 hours ago

Trump: wait, they can DO that?

[–] [email protected] 6 points 9 hours ago

Can't wait to call and gripe loudly about the massive price increases to the staffers of my idiot congressman and senators.

[–] [email protected] 11 points 12 hours ago* (last edited 12 hours ago) (2 children)
[–] pyre 2 points 4 hours ago* (last edited 4 hours ago)

very nice: 🍊 🥭🥭🥭 🍌🍌🍌

[–] PunnyName 2 points 5 hours ago* (last edited 5 hours ago)

Correct. Fascist 47 is a terrible human.

He should no longer be permitted to breathe.

[–] Ensign_Crab 2 points 10 hours ago

Wonder who will be the first with sanctions.

[–] arunshah240 2 points 12 hours ago

Good response, world politics goes wild