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There's basically nothing that's manufactured only in Canada... The vast majority of our exports are raw materials, and of our manufactured goods most are fore
by dismalaf 2y ago
There's basically nothing that's manufactured only in Canada...
The vast majority of our exports are raw materials, and of our manufactured goods most are foreign multinationals that set up shop to take advantage of our cheap(er) labour versus the US... They can and will move to the US because of these tariffs.
This will decimate our economy and it really feels like Trudeau simply wants someone to blame our shit economic performance on...
- fspeech 2y agoUnless the world demand for these raw material goes down or production elsewhere goes up someone will still buy these raw materials. If tarriff is high enough to force US to source from and Canada to sell to more distant places the world will be less efficient.
- A_D_E_P_T 2y agoI've got one word for you: Potash. Hugely important for agriculture, barely produced in the US at all, mostly imported from Canada. If Canada retaliates by barring or limiting potash exports, it would be so harmful to the American agriculture sector that Trump would go ballistic. > They can and will move to the US because of these tariffs. That's a lot easier said than done, and as US policies might change at any time -- it's a coin-flip what'll be the case in four years -- they'll probably just decide to wait it out and let US consumers eat the tax. Seriously, you might think it's easy to relocate, e.g., a car manufacturing plant, but it sure ain't...
- dismalaf 2y agoPotash is important yes. Canada also imports a majority of our fruit and vegetables from the US. Over 90% of our leafy greens come from the US. We already have a massive cost of living crisis. And I'm not sure if American commentators have been paying attention to our economy or not but Canada's GDP per capita has gone down for 6 straight quarters. And here's the analysis from the Bank of Canada: https://www.bankofcanada.ca/publications/mpr/mpr-2025-01-29/in-focus-1/ https://www.bankofcanada.ca/publications/mpr/mpr-2025-01-29/... I know commentators want to stick it to Trump but Canada's economy has been in a bad place for years and this isn't good for us at all...
- deeg 2y agoI don't think anyone is saying it won't hurt Canada; trade wars hurt both sides. The discussion is whether Canada can make it hurt Trumps supporters enough to pressure him to remove the tariffs.
- dismalaf 2y agoMy perspective is as a Canadian. The US GDP per capita is 7% above pre-Covid numbers, Canada's is 2% below. Or you can say our GDP per capita has diverged by 9% since COVID. Canada's cost of living is actually untenable right now. Canada can't hold the line long enough to do anything to the US. We'll do it for political reasons until the election this year but it's going to decimate our economy even further.
- tokioyoyo 2y agoCost of living in Canada has been untenable for the past decade. The choice is to bend the knee or suffer more with the hopes you’ll at least go down with pride. I have no idea how the hell the government across the border got their citizens to start hating on us within a couple of weeks.
- School-Cotton 2y agoThey didn’t. The vast majority of Americans don’t hate Canadians. You don’t need a popular referendum to set tariffs, the president can just do it. One of the many downsides of electing a crazy person as president.
- tokioyoyo 2y agoFair, apologies for having a knee-jerk reaction to it. It just sucks to scroll a tiny bit on forums and get bombarded with pure hate. I understand that it doesn’t represent the majority, but makes you scratch your head and think why so many level headed people are willing to throw away trust that was built throughout decades. Like I get the whole America First approach, and understand the desire to build out the manufacturing locally… but is it worth it to turn away all of your allies and make them get closer with the actual super power that wants to dethrone you?