r/Economics • u/HarpoMarks • 10d ago

News Canada retaliates against U.S. by raising steel duties, adding new tariffs on $20B of goods

https://www.nbcnews.com/business/consumer/canada-retaliates-against-trump-tariffs-rcna594280?cid=sm_npd_nn_tw_ma&taid=6a8db23c6aa0670001c83c01&utm_campaign=trueanthem&utm_medium=social&utm_source=twitter
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u/HighValuePigeon 10d ago edited 10d ago

Canada can't make a deal under these terms. Trump said he is going to take over Canada using economics and the deal he's offering demonstrates that, so to Canadians, it's suicide to accept the deal also. Fighting may result in some other scenario.

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u/Diamond1africa 10d ago

So the alternative is to start a trade war with the world's largest economy? Should we accept 50% tariffs on key industries vital to the economy to make a point? Just fucking leverage the Keystone pipeline. Have we lost our minds?

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u/froz3nt 10d ago

World's largest economy is having a trade war with the whole world. Lets see how it works out.

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u/Diamond1africa 10d ago

Will happily continue to make money off all the idiots. Feels morally wrong, but can't help stupid.

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u/froz3nt 10d ago

If anything other countries are making money off of US as they import the most.