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US tariff negotiations with Canada terminated over advertisement
- pupppet 1y agoThe F your feelings crowd nodding and smiling to Trump ruling on feelings.
- seydor 1y ago[flagged]
- anigbrowl 1y agoA better write up with more context (although it's still just as stupid as it sounds): https://www.nbcnews.com/business/economy/trump-canada-trade-ronald-reagan-rcna239508 https://www.nbcnews.com/business/economy/trump-canada-trade-...
- bruce511 1y agoNo doubt slapping tariffs on Canadian goods will reduce the flow of said goods. But that's a reduction, not a termination. US demand for those goods still exist. And it is US consumers that pay. The reduction is a result of lower consumer spending power. Which will affect everything, not just the tariffed goods. Some of the goods may end up being sourced in the US. However that won't affect consumer prices, which will remain high. (The whole point of tarifs is to drive up local prices so domestic production can compete. ) Some may be sourced from other countries. But since all countries are being tariffed there are only marginal gains here. At the same time Canadian producers will actively explore alternate markets. This will (long term) improve Canada's economic security by reducing dependence on US markets. All the above assumes T won't start negotiating again next week. Which since TACO is likely anyway. Either way, this will be a long-term gain for Canada and long term pain for the US.
- FridayoLeary 1y ago[flagged]
- verdverm 1y agoIt's hard to say what the effects are so soon. Americans are starting to wake up to the impact of tariffs, R pols are starting to talk negatively about them, Dear Leader changes his mind quite often, and the tariffs issue is slated to be before SCOTUS (they have often been in the King's corner, but not always)
- uvaursi 1y agoPlay devils advocate with me: how do we know this isn’t staged?
- petesergeant 1y ago> Play devils advocate with me: how do we know this isn’t staged? Nobody involved has the attention span.
- nawgz 1y agoI mean, Canada has had a tepid response to the implosion of their neighbour and relations - I think they have done little outside some retaliatory tariffs and “committing” to a 10 year plan to double trade with non American partners. Is that really such a bold set of accomplishments that Ford should be shutting his mouth and falling in line behind? Trump could change his mind because Putin or Miller or Vought tell him to, no need to act like precarious progress is precious from my perspective
- petesergeant 1y ago>> Doug Ford, the governor of Ontario in his wisdom thought it would be a good idea > "Doug Ford’s approval rating rocketed to a four-year high for reaction to Donald Trump’s trade war"[0] (Mar '25) And, Doug Ford was right. Baiting Trump is a _great_ idea for Doug Ford. [0] https://www.thestar.com/news/canada/doug-fords-approval-rating-rocketed-to-a-four-year-high-for-reaction-to-donald-trumps/article_fee38ace-898d-4fa3-a4ae-b0472fd7d6be.html https://www.thestar.com/news/canada/doug-fords-approval-rati...
- jleyank 1y ago
- testing22321 1y agoThe world is simply moving on from dealing with the US. It’s too expensive, too much of a pain in the ass and requires mafia like payments. They will all just trade with each other instead. Tourism in The US is down to the tune of billions of dollars, soybean exports have tanked, US liquor is basically non-existent across Canada and other countries, etc etc. I don’t know how long this can go on , when will the average American not be able to take it anymore?
- hackyhacky 1y agoThe average American loves this, because it allows them to punish their perceived enemies. Cruelty trumps self-interest.
- testing22321 1y agoHow’s that working out for US soybean farmers? The average American loves this Right up until they lose their farms, their distilleries, tourism-based jobs and everything else.
- wood_spirit 1y agoTalking of farming, are there any numbers on if AcreTrader or other similar companies has been buying up farmland, and if so how JD Vance’s investment has been performing?
- polotics 1y agoDouble-plus-good upvote for your very good question. Tanking smaller players and putting more assets within the grap of current & future American Oligarchs seems to be the underlying playbook right now. This is 1991 Russia.
- jrs235 1y agoFannie Mae and Freddy Mac going public? An opportunity for billionaires to own the mortgages that will default as the economy [intentionally] continues to tank leading to defaults and transfer of the homes and properties backing the mortgages as collateral to the oligarch class.
- vlovich123 1y agoThis seems like poor reporting. It’s far more believable that the ad is an excuse and the real story is this: > Canada cuts tariff relief on some US cars due to Stellantis, GM ending some Canadian production https://apnews.com/article/canada-us-auto-production-tariffs-a64f16e120fca93af501fa9c8ce39866 https://apnews.com/article/canada-us-auto-production-tariffs... The ad aired a week ago and Trump said he’d do the same thing and didn’t care. However this development prompted a retaliation. There’s a low simmering trade war that Trump has been waging against partners and these are just excuses he claims so the media doesn’t focus on the actual details of the war but instead on BS culture war topics.
- kennywinker 1y agoStrong agree. If it was the ads, this would have come when the news about the ads broke, not now.
- tzs 1y agoThe ad ran last week, but the Reagan library tweeted the full video of Reagan's speech yesterday. Trump saw that, and then shortly after posted on Truth Social that the ad used fake video, which intended to influence the Supreme Court and the other courts against Trump on tariffs, and cancelled negotiations. That really does seem to be what set him off.
- csomar 1y agoDoesn’t this action from Canada explain Trump rhetoric though? Essentially, Canada is saying that you can only sell tariff-free if you manufacture their. That’s the same thing Trump is pushing for.
- beloch 1y agoThe North American auto sector is propped up by subsidies on both sides of the border. What the article in the parent post doesn't mention is that Stellantis and GM received massive handouts from the Canadian government to retool factories in Canada, contingent on actually operating those factories and employing Canadian workers. Abandoning them and moving production to the U.S. (because of tariffs) violated their agreements. Hence, no more tariff relief for them. North American auto companies are between a rock and a hard place right now, but it'd be folly for the Canadian government to let them ignore their agreements without consequence. TL;DR: It would be more accurate to say Trump tried to steal a cookie from the Canadian cookie jar and is now acting shocked that his hand has been slapped. Canada is merely reacting here, and rather mildly at that. Calling off trade negotiations entirely is clearly not warranted and everyone should expect another TACO Tuesday.
- resters 1y agoHe probably feels powerful harming businesses (in the US and elsewhere) with his tariffs. His inheritance performed worse than the s&p by a large margin under his stewardship. He’s not a business man, he’s someone who inherited $450M in today’s dollars and wears a business suit as a costume, and incidentally more makeup than most drag queens. He’s disgracing everything he touches and the Trump name will be hated and associated with stupidity and bigotry for a long time.
- comrade1234 1y agoWhy doesn't Canada reduce tariffs on Chinese cars? Instead they're making their citizens pay extra for American cars when they could be paying 1/4 price for better quality electric cars.
- sxzygz 1y agoThe auto industry is huge for Ontario, the province behind this ad, and tightly integrated with US auto makers. As a result I believe tariffs on Chinese cars are being maintained by the federal govt. to show the US that Canada is very serious about ending this pointless situation. If Chinese cars enter Canada and enter Mexico, you can say goodbye to the US auto industry. Recall, the most recent news is the bankruptcy of an auto loan firm in the US, itself a sign that cars are not affordable to workers, which is the only way these workers can travel for their jobs because public transit is so poorly funded. Car manufacturing is not going to get cheaper in the US without a whole lotta pain, and the loss of inertia is going to affect all industrial sectors.
- tzs 1y agoChinese cars have entered Mexico. Over the last couple of years 20% of new car sales there have been Chinese brands. JAC is also making cars in Mexico, and BYD and BAIC have plans to start building in Mexico. Mexico has increased tariffs, to 50%, but Chinese cars remain competitive even after that.
- Pxtl 1y agoI assume that's the big stick Carney is using behind close doors to negotiate with the USA.
- difosfor 1y agoWhy is this flagged? BBC seems like a trustworthy news source to me? I guess it might not be just due to the ad, but still it's a peculiar situation that's of interest to the world.
- jamincan 1y agoStuff that casts the current US administration in a less than favourable light tends to get flagged pretty quickly on here. It doesn't seem quite as bad as a earlier in the year, so I wonder if they've taken measures to counteract it. You can visit '/active' instead to make all posts, including flagged ones, visible.
- rufus_foreman 1y ago"Off-Topic: Most stories about politics, or crime, or sports, or celebrities, unless they're evidence of some interesting new phenomenon. Videos of pratfalls or disasters, or cute animal pictures. If they'd cover it on TV news, it's probably off-topic." -- https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html Hacker News is not a political news discussion forum. It is an AI news discussion forum.
- jleyank 1y agoSh*t that goes down that will probably limit your hiring ability and restrict where your "goods and services" will be received is pertinent to the HN community.
- deleted 1y ago[deleted]
- stunt 1y agoIt’s just off-topic for HN. P.S., > “BBC seems like a trustworthy” Indeed! That’s their best trick.
- array_key_first 1y ago