Summary
Canada is preparing to retaliate against Donald Trump’s proposed 25% tariffs on Canadian imports, which could trigger the largest trade war between the nations in decades.
Prime Minister Justin Trudeau promised counter-tariffs worth $37 billion, with potential for further measures, depending on Trump’s final order.
Canadian officials warn the tariffs could harm both economies, disrupting key sectors like automotive, energy, and agriculture.
Labor leaders expressed concerns over job losses and urged collaboration. Canada hopes to avoid tariffs by highlighting their mutual economic impact to U.S. lawmakers.
That would be idiotic and I imagine it’s just posturing.
Canada would lose that battle…hard.
Would it? It depends if all the other US trade partners also raise tariffs against the US (but not each other).
Canada has a much bigger GDP than you’d guess from their population.
Size of gdp gives no indication how reliant they are on trade with another country, though
There is no winning for Canada here. Most Canadians are well aware of that. The goal is to make it hurt enough for Americans for the mutual hurt be as short-lived as possible.
As an elected official, Trump has to answer to the American people. If his policies worsen the affordability crisis (and retaliatory tariffs from Canada will achieve that for a notable subset of Americans) then he may be compelled to reverse course.
Ha!
Apart from oil, what other significant import does Canada provide that will “hurt” the Americans soooo much?
It’s America we’re talking about. This is a nation that traverses oceans and continents to shed blood for oil. An export tax on it from one of its major suppliers would be enough. The US would no doubt be able to weather any import tarriffs imposed by Canada but it will be bad for business for them. Canadian officials have already made a list of items they’re going to target which would impact $35+ billion in American goods.
Doubt that Trump sticks with this, and if he does, Canada is going to bring the US along for the ride kicking and screaming until it stops hitting itself.