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May as well hang a comment here, some blathering on a Canuck viewpoint, not directing this really at you toast0. You're not wrong in who imports the most Canad
by b112 1y ago
May as well hang a comment here, some blathering on a Canuck viewpoint, not directing this really at you toast0.
You're not wrong in who imports the most Canadian goods. Or on how we're all interconnected globally. But just for the record, if you take away oil, we import more from the US, than the US from Canada.
And our imports from the US are waaaay down. Funny thing, but when the US talks about annexing Canada, or applying tariffs until we "capitulate and join the US", we get a annoyed. Everywhere I go, especially for groceries, each price tag now has a Canadian or provincial flag on it. They didn't before, but they sure do now. And the outcome is obvious.
And really, it's buying from Canada or what... Middle East dictatorships? Or of course drilling more in US territory, which is fine, but hardly Canada's fault. And the funny thing is, we sell our oil at a massive discount to the US.
Like our copper. And iron. And 100 other things, all typically at a discount compared to world market pricing.
A funny thing has already started to happen, in fact the following video is 2 months old. Instead of trading with the US, and the US trading with the world? We're all just trading with each other instead. When this video was made, Canadian exports were up world wide, and down to the US. And overall?
Exports were just up.
Right now we're feeling some pain from recent tariffs on steel. But we'll just weather it, and bypass the US, like has happened with everything else:
https://www.youtube.com/watch?v=gCwQfSbAyeQ https://www.youtube.com/watch?v=gCwQfSbAyeQ
I believe the end result is the rest of the world will just trade with each other, not with the US, resulting in little difference for everyone else. And disaster for the US. Long term of course.
The weirdest part of all of this is, the US specifically wanted more integration. Forced us to take on the FTA then NAFTA in the 80s and so on. Told us we'd be screwed if we didn't comply. And every year since, our real world earnings have gone down per capita, as the US absorbs us economically.
And then some guy shows up and tries to claim we're taking advantage. Huh?! What? You made us take on free trade, forced us to integrate economically, we were worse for it, but.. we're taking advantage??
We're basically more than happy to use these opportunities to cut financial ties with the US, because they current arrangement wasn't working out well anyhow.
- toast0 1y ago> Exports were just up. That's great for you. We (US) messed up worse than I realized. Your economy will clearly turn out better after this mess (perhaps already), which is great... neighbors helping neighbors and all that. (I don't think we can claim a 3d chess victory of helping the world economy by shooting ourselves in the foot though) I think you would still be better off when the US is not in recession though... But our economy won't be better off. And even when we eventually return to sanity, we won't be able to return to where we were. Maybe we can import ketchup and all dressed chips when relations normalize! > And then some guy shows up and tries to claim we're taking advantage. Huh?! What? You made us take on free trade, forced us to integrate economically, we were worse for it, but.. we're taking advantage?? Yeah... the US clearly benefits from free trade and I don't understand how he thinks we're being taken advantage of by most countries. Like OK, maybe China but it's complicated. Blanket tarrifs are madness, especially when a lot of imports can't be sourced domestically.
- b112 1y agoI think the biggest issue is the rapidity of introduction, and secondarily, the 'on/off' nature of it. I'm sure it's been said to death, but stable means time to adapt and not random. Picture Trump sitting in his office. A concerned, confused look is on his face. Clearly his mind is dwelling on an issue, a problem. After a while, he picks up the phone and dials a number. The phone connects and a person wearing a headset, at a call centre answers. "Support!", they say, "How may I help you?" Trump replies "Hi. My tariffs aren't working. Can you tell me what's wrong?" Support answers "Have you tried turning them off and on again?" Makes as much sense as anything.