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Canada's Justin Trudeau announces retaliatory tariffs following Trump's executive order (www.nbcnews.com)
submitted 2 years ago* by to c/world@lemmy.world
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Summary

Trump signed an executive order imposing 25% tariffs on Canadian and Mexican imports—excluding Canadian energy at 10%—plus additional duties on Chinese products.

In response, Prime Minister Justin Trudeau announced a 25% duty on $155 billion in U.S. goods, beginning with $30 billion in tariffs Tuesday.

Mexican President Claudia Sheinbaum indicated reciprocal tariffs, rejecting claims that Mexico tolerates criminal groups trafficking fentanyl and insisting on respect for sovereignty.

Experts warn these tit-for-tat measures could drive up costs, disrupt supply chains, and mirror the previous U.S.-China trade war, possibly harming security.

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[–] 120 points 2 years ago (3 children)

This fucking clown is going to push the whole world into a new recession.

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  • [–] 51 points 2 years ago (2 children)

    That way the rich capitalists can buy up EVRRYTHING at fire sale prices!

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  • [–] 29 points 2 years ago

    Remember when Biden was doing all he could to keep things in one piece while all the newspapers were trying to doom and gloom us into a recession just after the Great Resignation?

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    • [–] 48 points 2 years ago (4 children)

    Good morning American Neighbors. Have you classified me and mine as threats to your world hegemony National security yet?

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  • [–] 28 points 2 years ago (2 children)

    please, just put us out of our fucking misery. PLEASE.

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  • [–] 16 points 2 years ago (1 child)

    too busy keeping an eye on our own fifth column, and potential collaborators/quislings should things go "there" .

    Considering Trump's reaction to retaliation against his own divine authority, is to flip the fuck out and escalate.

    "HOW DARE YOU RESIST"

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  • [–] 14 points 2 years ago

    I wish you the very best. know that many, many, many of us consider you to be true friends and neighbors. please be there and sane should we manage to reverse this disaster. we will need you.

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  • [–] 19 points 2 years ago (3 children)

    If you're Canadian, can you please come and burn down the White House again?

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    • [–] 33 points 2 years ago* (last edited 2 years ago) (3 children)

    Dunno enough to know how well it'd work but I read a comment here the other day saying Canada and Mexico shouldn't retaliate with tariffs but instead opt out of their side of UMCA and just not uphold US IP laws. They could individually or together invest heavily into forming companies that provide cheaper alternatives to whatever crap US companies pull for recurring revenue. Stuff like legally mandating that phones have a local-made app store pre-installed, subsidizing or outright investing in really well made and well maintained jailbreaks, third party repairs, and third party spare parts for stuff like John Deere products, Apple produccts, Tesla products...pretty much eat the tariffs on exports to the US, don't retaliate with own tariffs so prices locally don't go up, but hurt US profits everywhere else by becoming a provider of cheaper but still reliable (probably more reliable tbh) alternatives to anything US.

    I'm kinda disappointed that's not what's happening rn

    Edit: USMCA, not NAFTA

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  • [–] 19 points 2 years ago* (3 children)

    Everything you described takes half a decade minimal to be put into reality. You are literally describing building a whole fricking industry. And we all know how fast you can establish industries in North America.

    When a literal bully is stabbing you, you do NOT wait for half a decade to do something about that.

    Instead, retaliatory tariffs are pretty much the only thing they can do instantly as a government.

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  • [–] 8 points 2 years ago* (last edited 2 years ago) (1 child)

    Maybe they realize Trump is the enemy, not the rest of the US. How are they retaliating for a temporary and baseless trade war based on personal spite, with something that won’t work until after he’s gone? Why do something that affects both sides over the long term, when this could easily disappear if Trump is distracted or finds a way to yell “WIN”

    If this is anything like last time, Trump just wants to put his name on a new trade treaty, regardless whether anything changes, so he can brag about being a great negotiator. His followers eat that shit up

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  • [–] 3 points 2 years ago

    Not trying to get into an in-depth discussion (because I know nothing) but from the outside looking in, going tit for tat and hoping the next guy's better (or that Trump doesn't make himself President for life) doesn't seem like a good long term strategy. Tariffs may be necessary (convo above) but ultimately are going to hurt the people of the issuing country the most and at a time when most are struggling already.

    Trump's not the US and people in the US definitely shouldn't get punished for his crap (unless they actively voted red, abstaining...sucks but I get it tbh), but he's just proved he's willing to start a trade war with friendly nations and the US has proved it's willing to hand the country over to someone like that. Twice. Trying to find better firends (in terms of trade deals and whatnot) seems like the smart move here. Every other nation having to jump through hoops any time this guy wants to earn brownie points with his supporters doesn't seem like a good foundation for a trade agreement to me.

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    • [–] 30 points 2 years ago* (last edited 2 years ago) (1 child)

    Can he also tell Google to NOT show both "names" for Gulf of Mexico in his country? This could spark a wave of international boycott of Trump's petty bullshit. Yes, it's a minor thing but could hurt Trump's ego more than the whole economy thing.

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  • [–] 7 points 2 years ago (3 children)

    I just checked on mine, it says "Gulf of Mexico". Perhaps it depends where a user is located?

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  • [–] 7 points 2 years ago (2 children)

    Idk when the change is implemented but Google said it would show

    • "Gulf of America" in the US
    • "Gulf of Mexico" in Mexico
    • Both names elsewhere

    Nothing has changed for Czech users yet.

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  • [–] 4 points 2 years ago (2 children)

    It annoys me so much. It hasn't updated yet in Canada but "Gulf of America" is just wrong for any country outside of the US. Why show me Gulf of America when that's not a recognised name for my own or any other country besides the USA.

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    • [–] 15 points 2 years ago

    Trump: wait, they can DO that?

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    [–] 14 points 2 years ago* (2 children)

    Orange

    Mangoes

    Bananas

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    • [–] 13 points 2 years ago

    As an European i'll be expecting a visit to Canada from our representatives in order start the negociations on a deal that bennefits both of us

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    [–] 10 points 2 years ago (4 children)

    As tariffs hurt the importing country, not the exporting country I think that it’s odd that Canada would punish their own citizens in retaliation.

    They should have added a 25% export tax on energy seeing as Trump clearly didn’t want to pay more for his imported energy.

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  • [–] 21 points 2 years ago (1 child)

    If you heard the speech the fact that they are giving time for the full set of Tariffs mean we have a small set (booze) we are willing to cut right away. Ie. Jack Daniels is no longer on store shelves. Orange juice is no longer on store shelves.

    The extra time is for Canadian companies to find alternative (non-American) suppliers. They may be more to import due to distance/time but less impact on tariffs and potentially still more cost at the end for consumers but at the same time not American goods.

    The intention is to ween us off your teat.

    I don't think Americans realize that long term this is not good for you. Once new trade routes come in, it's going to be hard for you to get those partnerships back on account of you showing yourselves as a horrible business partner.

    Canada will hurt in the short term but we will be stronger in the long run.

    The only thing I'm worried about now is a full on American invasion and I fear that's on the table.

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  • [–] 5 points 2 years ago

    I don’t think Americans realize that long term this is not good for you

    Of course we do, or half of us do. The other half just want to bully someone and chant “USA! USA!”

    So far I’m hoping there’s a pattern of “doing something spiteful that will harm ourselves, but moving onto the next thing at the first hint of resistance”. The new administration is just doing a speed run of scapegoats and might be on to the next before you can say “WTF”. I’m hoping the booze will be enough: hurt jack daniels right in maga country, until we’re back to focussing on abusing immigrants and people who speak Spanish

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    [–] 7 points 2 years ago (1 child)

    excluding Canadian energy at 10%

    Dammit, importing more hydro was a big part of my state’s clean energy plan.

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    • [–] 6 points 2 years ago

    Can't wait to call and gripe loudly about the massive price increases to the staffers of my idiot congressman and senators.

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    [–] 4 points 2 years ago

    Wonder who will be the first with sanctions.

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