Summary
Canada is preparing to retaliate against Donald Trump’s proposed 25% tariffs on Canadian imports, which could trigger the largest trade war between the nations in decades.
Prime Minister Justin Trudeau promised counter-tariffs worth $37 billion, with potential for further measures, depending on Trump’s final order.
Canadian officials warn the tariffs could harm both economies, disrupting key sectors like automotive, energy, and agriculture.
Labor leaders expressed concerns over job losses and urged collaboration. Canada hopes to avoid tariffs by highlighting their mutual economic impact to U.S. lawmakers.
Trump doesn’t understand that tarrifs go both ways.
It’s kind of amazing that his first priorty upon entering office is getting revenge and starting wars. What an incredible person and even more than that, an incredible leader. Amazing.
As an American, I want the world to punish us for our bullshit.
Spank us, daddy! We’ve been so naughty…
As an American, I really want to get the fuck out of here.
As a non-american, you’re doing about okay as everyone else.
That was my reaction exactly. “Good. Fuck us.”
“Trump is more respected by other nations the Biden” part deux dipshit boogaloo
Repeated prisoners’ dilemma. They have to threaten and they have to add tariffs if the US does, anything else would be bad strategy
It’s not helped by the fact that Trump is corrupt and might have different winning conditions like “make Putin happy”, but that doesn’t change what Canada has to do.
Watching the US dollar
Grabs popcorn
Watching the already shit Canadian dollar…
looks up best noose rope
rope prices too high
I’m going to love watching that smug tone vanish when you come to the realization that the US Dollar is a world currency and without it, it will cause widespread economic depressions across the world.
*was a world currency
no…it’s still a global reserve currency.
Well yea, the clowns aren’t in charge yet. It won’t survive defaulting on our debt and systematically alienating all our allies.
Have you traveled much?
That still doesn’t mean that what Trump is doing isn’t a dumb mistake
not disputing that.
Gold, local currency, you dont need to be a rocket scientist to figure it out.
you’re thinking too locally. countries have a reserve of USD on hand to use as trade and an easy way to pay debts. this is why USD is called a “global reserve currency”
Countries hold reserves for a number of reasons, including to weather economic shocks, pay for imports, service debts, and moderate the value of their own currencies.
what do you think happens to those other countries that hold USD reserves when it drops in value?
it’s an economic depression! hope you’re ready for your grocery bill to quadruple. do you think your power company will accept payments made in gold? silver? pleasures of the flesh?
doesn’t take a rocket scientist to figure out what’s going to happen once the USD halves in value. complete economic meltdown.
the question you should be asking yourself is, who benefits from this?
LOL, gold… What year is it? If someone tried to give me gold for food in a global meltdown situation, I would tell them to fuck off.
Then you wouldn’t have anything but the rapidly depreciating asset known as food.
you’re not very pragmatic are you?
gold only holds value so long as it’s accepted as an exchangeable currency. if nobody accepts it, then its value is zero…
Gold holds a lot more value than that, being the only currency that doesn’t degrade or tarnish over time
Vlad and Xi hi-fiving.
Canada doesn’t have a military.
Nor would be able to be resupplied like Ukraine.It was a long us policy to keep it completely neutered so it will ultimately do whatever us asks, not sure why Trump had to aggravate it publicly cuz they don’t have a way out anyways.
Have read ANY Canadian military history? Theyll fight like animals and invent new warcrimes while at it. Also I suspect at least a few states would revolt and help the Canadians at minimum the west coast and vermont.
This is not 1812 when Britain ruled the sea and could resupply Canada. Nowadays u need drones, high tech weapons etc. None of which u have
Dude im Californian, just cause im historically literate doesnt make me a Canadian. Regardless Canada does in fact have that shit, sure its not the highest end but its still effective. Ignoring that they would probably switch over to asymmetric warfare pretty damned quickly, the Quebecois alone would probably set enough car bombs off to make a Irishman blush.
Also as I said if the US goes to war with Canada there is no way in hell you dont see at minimum the west coast and New England go into open and violent revolt. Also the rest of NATO is infact a thing. Canada may not hold out in open combat but the US would also be dealing with at minimum a three front war, two thirds of which would be a civil war.
You realise Britain survived both world wars because of Canada right?
Canada exited that era with the second largest navy in the world.
Canada fought hard enough in Korea that the Chinese feared Canadian soldiers.
Canada was one of the first Nations to enter the war in the middle east with the US. Sending tens of thousands of soldiers from the years 2001-2016.
Canada currently operates Leopard 2a6 MBTs, F16s, f35s and possesses what is largely considered one of the most defensible and inhospitable geographies. Has several shipping yards in northern territories that would be untouchable by ground offensives and a population of small town hicks that hate Americans.
Canada has a standing army of 100k soldiers largely trained in small party tactics, ambushing and booby trapping.
It won’t be pretty, I’ll tell you that. But you think Canadians or any other nation allied with Canada would stand for American aggression?
We don’t have F-16s, we have F-18s. We’re also still waiting for our F-35s.
Except we do. Canada’s military isn’t large, but it’s quite modern. We’ve been a significant part of training Ukraininian forces on how to use NATO equipment. I think you’re a bit confused.
And while I don’t agree with our participation, Canada hasn’t been a peacekeeping corp in a long time either, having been a player in the war in Afghanistan and Syria. We’ve pretty consistently assisted American troops in these areas. Canada is a member of NATO, and a developer of arms and munitions as part of the indistrial military complex. We aren’t reliant on an island across the ocean for our own protection.
I’ve said this before, the EU should just invite Canada into the Union.
Nice idea, but it’s not a good thing to distance yourself from your closest trading partner…just ask the U.K.
I’m.not saying Canada has to take the offer, just that it’s something that should be on the table for trump to chew on.
I see your stance now. Down with that mate.
Canada would have to switch to European standards instead of US ones. Their companies wouldn’t be happy.
How do Canadian companies like tariffs? Just saying, it’s not impossible…
I dream of this outcome. We’re more politically compatible with Western Europe than we are to the US.
Obligatory “Well, except Alberta” which you can literally derail any good idea with.
As an American surrounded by trump voting douchebags, I hope the economy crashes and people get a taste of what voting like a retard feels like.
when you have a certain world vue your frame of reference is this one. And you will prefer to hide reality for a very long time before admitting you made a poor decision. Worse admitting your point of view is not moral, or problematic.
All of this to say, people will not make a direct correlation between facts and their acts. They will find another plausible (for them) explanation.
I get the feeling many of these people are also preppers and actively yearn for a crash to justify spending their lives readying for it.
What’s america? Ill just know rusmerica. There is no America.
I’m prepared, are they?
I love long-discredited economic ideas making a comeback. As someone who studied Econ, it’s just peachy seeing people vote to be poorer because no one remembers the last 50 times this was tried and didn’t work.
Please, everyone read about the 1800s. I’m not completely hostile to crypto but so many crypto people are like, “What if we had a ‘free banking’ era? Surely, there’s no downside.” And you just slam your fist on the table and say “Please read one AP American history book. An actual textbook, not a YouTube video. I’m not a particle physicist because I watch PBS Space Time.”
Could you give me a quick summation of why a free banking era is a bad thing and how it relates to the 1800s?
Not trying to start an argument, just genuinely curious
So, essentially, every bank was issuing its own currency. But banks fail all the time. And no one knew what was real money. I’m saying this on Lemmy so I’m clearly for distributed things but cash money needs a central bank, for trust reasons. Gold is a stable element so it was that for centuries but it also led to horrible things. Like an entire hemisphere dying of smallpox.
So, long story short, after WWII. we settled on the U.S. dollar, which was then pegged to gold. Eventually, Nixon decided to unpeg it from gold. Which was fine because gold was arbitrary. We could have pegged it to any element on the periodic table. Bretton Woods is what to google to read more.
So, what is the dollar backed by now? Mostly the U.S. Navy and trust built over time. It’s not perfect. America has never defaulted on its debts and you can exchange dollars for local currency at any airport. The independence of the U.S. central bank is a big reason. But if you’re writing a contract for a global deal, you use dollars. If Argentina wants to buy something from Vietnam, the contract uses dollars.
In the 1800’s, there was no agreed upon currency. Banks made their own currencies. And it was a catastrophe.
Basically, if you go buy dope, the dope man isn’t taking foreign currency except maybe U.S. dollars. Euros are probably fine but the dope man isn’t taking shit that can’t be changed into local currency. He’s got bills to pay too.
American dollars have value for irrational reasons but they have proved the test of time.
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I think it’s a bit late to tell people to look up why this won’t work, especially on Lemmy.
Everyone here knows Trump is not going to be good for the economy and can’t or won’t do anything about it.
the principal hypothesis of the bitcoin experiment is that a central ledger and issuer is not actually necessary, and it’s still going strong
central banks are a hell of a lot better than the hodgepodge that arose in the 1800s, but it’s not proven that they will outlast an adequately designed decentralized implementation (whether it’s bitcoin or something else)
there are plenty of problems down the road for bitcoin, but there are arguably more for central banks. can a centralized currency survive the failure of its backing empire?
If central banks are gone, you can probably assume the data centers are too. Crypto relies on a stable society far more than dollars.
I’d like them to focus on taking all the Americans who can contribute to the economy. I volunteer for tribute.
The problem is Canada doesn’t want a bunch of Americans.
We don’t want their guns, the litigiousness, the exceptionalism and the arrogance, but other than that, we actually love Americans.
Are any of these lovable Americans in the room with us now?
Tell me about it. Buddy of mine married an American, a texan, she’s fairly liberal as far as they go…
She just had a baby and was granted 18 months maternity leave, didn’t pay a dime, had an in home nurse due to complications. All for free.
We just talked about how she would prefer to have to pay her employer for health insurance rather than “Lose so much to these crazy taxes.”
If a liberal minded, young person thinks like this, how many of them think like this? Stay to the south. Please.
But but, I have good job, no guns, no criminal record, aaaaaannnnndddddd I like hockey. So, maybe? Like a trial basis? 😅
Hmmm…are you from Michigan? Minnesota?
I will be from wherever you want me to be.
I’m currently up in Canada for an extended stay, it’s honestly so much nicer than back home. I’m gonna be sad to leave. I too gladly volunteer as tribute.
Edit: also everyone here has been so incredibly welcoming
You should probably wait until after Monday to come home. Maybe something catastrophic will happen and you’ll get stuck there. Oh noooo
Nice, what part of Canada?
Ontario :)
OooOoooO fancy
Eggs are going to be so cheap bro.
Just one more oil boom, bro. We promise not to piss this one away. C’mon, don’t hit us with oil tariffs on our marginal product we can’t get to market. Don’t be a dick bro.
some car parts cross the border as parts en route to assembly plants, and then back again in fully-assembled vehicles.
Some cars cross the border 5 to 6 times while being assembled. Car prices are going to sky rocket.
We have no choice-- we must give California to Canada to assuage their anger. A tariff war would be bad for business. Its a shame its come to this, but jobs might be at stake here.
While I love the idea, they’d never go for it. It would double their population instantly and completely upend their political system.
If, as most economists agree, tariffs hurt the importing country most - why would Canada do that to its own people?
You misunderstand. Both countries relies on the other for goods that they don’t have. If one of the parties suddenly says that their goods now are worth more, for no economic reasons other than to punish the second party, they have to match it. It’s like game theory, you respond to injustice with a measured response similar to the first infraction.
Doing nothing would - in fact - benefit Trump. But Trump lives in a reality where no one except the US have the power to impose their will. Make no mistake, it will hurt both countries.
So they’ll make Canadians pay import taxes on American goods. Do American exports to Canada compete with anyone on price? Surely it’s mainly availability of goods?
a lot of it is about choice. whether its by foreign culture brainwashing/advertisement spam, or canadian products just being less popular. people tend to buy american products because the retailers are locked into supplying them. if that were to change the average consumer might have to change brands for food, pay more for luxuries, and say goodbye to some specific things for a while until replacements are found, but when national security is on the line, canadians need to learn how to go cold turkey and abandon this dependence on an obviously untrustworthy, unreliable, and hostile United States.
an obviously untrustworthy, unreliable, and hostile United States.
Our countries were like best friends for so long. This makes me sad and angry. I feel like I’m gonna be this way for a while.
Our countries were like best friends for so long
If you guys could have not voted in a hostile garbage idiot whose idea of strength is going all bull in a China shop that friendship could have remained warn and fuzzy.
But now that you’ve gone and re-elected the guy who treated us like we’re a hostile enemy (and said as much 5-6 years ago), we don’t have much choice other than to take a few steps back and see other people.
.
I hope you guys can fix your issues, so we can feel like we can trust you again, but until then we have to do what’s right for ourselves.
I hope you guys can fix your issues, so we can feel like we can trust you again, but until then we have to do what’s right for ourselves.
In before the whining about National security starts again.
I dont get it. They say they dont want to pay others bills anymore, but when they start making moves to detatch themselves from the US (the only way to provide for themselves without leeching off the US is to detatch…). they cry about their national security, which is just another word for their hegemony.
America doesn’t want allies, America wants an empire of subservient vassal states who do nothing but buy their goods and services, and provide them raw materials and clients. this is not the behaivor of an ally, this is the behaivor of a hostile force. its just a shame that we’re dealing with multiple of those in the world at the same time. (Russia, China)
Yeah, I get it. I don’t know how to fix it because apparently we want this.
You don’t want this. I don’t want this. Not even half of the voting public want this. And yet it’s happening. We don’t know how to fix it because it’s broken by design. The purpose of a system is what it does.
Canadian friends, best of luck moving forward. I hope you can do a better job than we did of staving off the torrent of bullshit.
I just wish yall decided to have your meltdown -before- Russia turned fascist, got bold, and decided to start shooting wars.
Europe is asleep at the wheel, disarmed themselves a decade ago and are now playing catchup and sitting on their hands with a wait and see attitude. Its a very “Adults have left the room” feeling. New adults are going to have to step up.
At least the Russians are greedy fucking idiots or we’d all be in big trouble
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About 277 Billion worth of goods annually.
You can look it up if you just type the question into a search engine, instead of making up facts.
With about a $70bn trade deficit in Canada’s favour mostly due to oil and energy exports. Which are very likely to get very expensive should we enter a trading war.
Most likely serving to make that deficit worse for America.
Add a 5% levy on that and it’s nearly 12 billion in tax revenue extracted from Canadian business and consumers under the guise of sticking it to Trump.
Didn’t mean to represent my statements as factual, just personal observation.
I’d still argue that it’s not impossible for us to navigate around that. But I don’t have any statistical basis for thinking that. If our dependence is that large then maybe America will annex us. Lord knows I wouldn’t survive such a thing. So maybe I’m delusionally trying to be hopeful about having a future at all.
The US cannot “annex” or “invade” Canada.
Both are key members of NATO. That means that all other members must defend any fellow country if it’s invaded. Almost the entire western world - INCLUDING AMERICA - would have to defend Canada.
It’s just Trump spreading lies and misinformation to distract from him stealing American’s money. Same as always.
The NATO Alliance consists of 30 member states from North America and Europe. Article Five of the treaty states that if an armed attack occurs against one of the member states, it should be considered an attack against all members, and other members shall assist the attacked member, with armed forces if necessary.
I’d love to tell you that that’s comforting. But you’re saying this under the assumption that the American military wouldn’t be able to handle that. How many of those other nations even have standing militaries? Laws and treaties are just words. He will have nearly absolute power starting tomorrow. He can basically decide for himself what the rules are.
How many of those nations even have standing militaries?
Last I checked, all of them except Iceland. However, your point stands - the U.S. accounts for well over half of total NATO defence expenditure.
