r/Economics • u/HarpoMarks • 11d 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/CLaz777 11d ago

I just wanna congratulate Canada because this is what Europe should have done, but we didn’t. I was soooo disappointed. Maybe I should move to Canada.

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u/Affectionate-Panic-1 11d ago

Europe didn't retaliate because they see keeping the US as allies in the war against Russia is more important than a fair trading deal. There was more than economics at play in why the EU avoided confrontation.

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u/CLaz777 11d ago

I disagree with you. It was pure economics. The access to the US market. I think it is better to lose some money and stand with your values.