2 ms·
I am Canadian so I am "biased" (whatever that means in this context) but tariffs on resources are just non-sensical to me. Take Aluminium, it's produced in Can
by belval 2y ago
I am Canadian so I am "biased" (whatever that means in this context) but tariffs on resources are just non-sensical to me.
Take Aluminium, it's produced in Canada because our energy cost is low, we don't even have bauxite deposits and it is shipped by boat to the factories. Adding tariffs on that doesn't lead to better Aluminium production in the US since energy in the US is still expensive.
I thought the point was to on-shore manufacturing, so things like planes and cars, all of which would need cheap steel and aluminium to compensate for the higher US manufacturing cost.
Still confused about the tariffs on Canada at all though seeing as I thought the mindset was more us-vs-China, but I guess that deserves its own discussion.