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Canada imposed tariffs on China last year [1]. Is that incompetence as well? [1] https://www.canada.ca/en/department-finance/news/2024/08/canada-implementing-m
by gadders 2y ago
Canada imposed tariffs on China last year [1]. Is that incompetence as well?
[1] https://www.canada.ca/en/department-finance/news/2024/08/canada-implementing-measures-to-protect-canadian-workers-and-key-economic-sectors-from-unfair-chinese-trade-practices.html https://www.canada.ca/en/department-finance/news/2024/08/can...
- iAMkenough 2y agoCanada imposed targeted tarrifs on certain Chinese products, increasing their cost for Candadian consumers to level the playing field. China didn't pay Canada a dime. The United States on the other hand is planning a blanket tariff with certain carveouts, and the current administration seems to believe it will be foreign countries paying the United States as a result. When in reality, it will be American consumers and business owners paying 100% of the tariff costs. That is incompetence.
- gadders 2y agoThe tariffs are for different purposes. Canada's tariffs were to prop up their automotive industry. America's tariffs are to encourage nations to so more to stop importing illegal drugs into the US.
- iAMkenough 2y agoThat doesn't make sense. How does charging American consumers and businesses an additional 25-50% tax on purchases and imports accomplish that?
- gadders 2y agoBecause people will stop buying products imported from those countries, and buy from their competitors instead.
- iAMkenough 2y agoIf the goal is really to increase law enforcement along the borders, this still does not make sense. There aren't really domestic competitors for much of the imported materials used to create American products, so the foreign suppliers have the upper hand in the "deal" since Americans are reliant on them and do not have their own competitors in place. To me this appears to be more about the federal government charging the majority of Americans more in taxes, to pay for the deficit being created by tax cuts for the few ultrawealthy Americans.