But that's a reduction, not a termination. US demand for those goods still exist. And it is US consumers that pay.
The reduction is a result of lower consumer spending power. Which will affect everything, not just the tariffed goods.
Some of the goods may end up being sourced in the US. However that won't affect consumer prices, which will remain high. (The whole point of tarifs is to drive up local prices so domestic production can compete. )
Some may be sourced from other countries. But since all countries are being tariffed there are only marginal gains here.
At the same time Canadian producers will actively explore alternate markets. This will (long term) improve Canada's economic security by reducing dependence on US markets.
All the above assumes T won't start negotiating again next week. Which since TACO is likely anyway.
Either way, this will be a long-term gain for Canada and long term pain for the US.
Tourism in The US is down to the tune of billions of dollars, soybean exports have tanked, US liquor is basically non-existent across Canada and other countries, etc etc.
I don’t know how long this can go on , when will the average American not be able to take it anymore?
The average American loves this Right up until they lose their farms, their distilleries, tourism-based jobs and everything else.
This seems to be an emotional reaction by the observer, not a quantified study, so citation needed. The US market is so big and relatively unified in language and regulations and that make you willing to bite a lot of bullets. Have you ever listed an app on the App Store and dealt with French BS, for example, for a relatively tiny market?
> They will all just trade with each other instead.
Many of the US products and services are not as commoditized.
It's all tech / AI / crypto focus now.
Anyone with a shred of sense can see where this is heading: the inevitable collapse of the American empire and the end of its unparalleled global dominance. At this point, it’s unavoidable. The U.S. has alienated nearly every ally it once had. Ironically, Trump might be the one who saves Europe in the long run.
We are astonishingly bad at understanding abstraction. We understand that if Kevin shows up at our house and punches us in the face, we should avoid Kevin. But once you put a layer of abstraction between Kevin and the broken nose, we suddenly become baffled about how this could happen, and then we vote for Kevin.
> Canada cuts tariff relief on some US cars due to Stellantis, GM ending some Canadian production
https://apnews.com/article/canada-us-auto-production-tariffs...
The ad aired a week ago and Trump said he’d do the same thing and didn’t care. However this development prompted a retaliation. There’s a low simmering trade war that Trump has been waging against partners and these are just excuses he claims so the media doesn’t focus on the actual details of the war but instead on BS culture war topics.
The situation in Canada is kind of messed up. We literally have trade barriers between provinces, tariffs on a ton of stuff, government protected monopolies and all that has lead to capital either being allocated poorly or allocated right out of the country. Even government pensions put most of their capital in US markets instead of in our own country.
While US tariffs on Canada will obviously lead to economic malaise, I can't say it's undeserved. Hopefully it leads to a wake up call here (it probably won't though, Canadians will just become more and more insular).
It's funny, we've been trying to forge closer ties with the EU and China but again, we are rebuked because we have tariffs on a bunch of their goods.
> tariffs on a ton of stuff
> we are rebuked because we have tariffs on a bunch of their goods
I can guess why one might think some of this (tariffs on Chinese EVs directly led to agricultural counter-tariffs from them and dairy trade barriers have always been a source of frustration), but in general, Canada's tariffs and barriers are by all indications in line with peer countries (US, UK, EU, Australia, etc.) and not particularly noteworthy. If you have concrete evidence to the contrary (not just that some trade barriers exist between Canada and its trading partners, but that they are out of the ordinary and much higher than other countries'; and that the world, in particular EU does not want closer ties with us because of them), I would love to study your sources and update my understanding.
Sure, specific sectors and certain quotes but all countries have those.
His inheritance performed worse than the s&p by a large margin under his stewardship.
He’s not a business man, he’s someone who inherited $450M in today’s dollars and wears a business suit as a costume, and incidentally more makeup than most drag queens.
He’s disgracing everything he touches and the Trump name will be hated and associated with stupidity and bigotry for a long time.
seydor•2h ago