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'We will not hesitate': Canada prepares to hit U.S. with billions in tariffs
(www.thecanadianpressnews.ca)
Eggs are going to be so cheap bro.
this post was submitted on 18 Jan 2025
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some car parts cross the border as parts en route to assembly plants, and then back again in fully-assembled vehicles.
Some cars cross the border 5 to 6 times while being assembled. Car prices are going to sky rocket.
Just one more oil boom, bro. We promise not to piss this one away. C'mon, don't hit us with oil tariffs on our marginal product we can't get to market. Don't be a dick bro.
I love long-discredited economic ideas making a comeback. As someone who studied Econ, it’s just peachy seeing people vote to be poorer because no one remembers the last 50 times this was tried and didn’t work.
Please, everyone read about the 1800s. I’m not completely hostile to crypto but so many crypto people are like, “What if we had a ‘free banking’ era? Surely, there’s no downside.” And you just slam your fist on the table and say “Please read one AP American history book. An actual textbook, not a YouTube video. I’m not a particle physicist because I watch PBS Space Time.”
Could you give me a quick summation of why a free banking era is a bad thing and how it relates to the 1800s?
Not trying to start an argument, just genuinely curious
So, essentially, every bank was issuing its own currency. But banks fail all the time. And no one knew what was real money. I’m saying this on Lemmy so I’m clearly for distributed things but cash money needs a central bank, for trust reasons. Gold is a stable element so it was that for centuries but it also led to horrible things. Like an entire hemisphere dying of smallpox.
So, long story short, after WWII. we settled on the U.S. dollar, which was then pegged to gold. Eventually, Nixon decided to unpeg it from gold. Which was fine because gold was arbitrary. We could have pegged it to any element on the periodic table. Bretton Woods is what to google to read more.
So, what is the dollar backed by now? Mostly the U.S. Navy and trust built over time. It’s not perfect. America has never defaulted on its debts and you can exchange dollars for local currency at any airport. The independence of the U.S. central bank is a big reason. But if you’re writing a contract for a global deal, you use dollars. If Argentina wants to buy something from Vietnam, the contract uses dollars.
In the 1800’s, there was no agreed upon currency. Banks made their own currencies. And it was a catastrophe.
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I think it's a bit late to tell people to look up why this won't work, especially on Lemmy.
Everyone here knows Trump is not going to be good for the economy and can't or won't do anything about it.
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As an American surrounded by trump voting douchebags, I hope the economy crashes and people get a taste of what voting like a retard feels like.
when you have a certain world vue your frame of reference is this one. And you will prefer to hide reality for a very long time before admitting you made a poor decision. Worse admitting your point of view is not moral, or problematic.
All of this to say, people will not make a direct correlation between facts and their acts. They will find another plausible (for them) explanation.
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As an American, I want the world to punish us for our bullshit.
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Repeated prisoners' dilemma. They have to threaten and they have to add tariffs if the US does, anything else would be bad strategy
It's not helped by the fact that Trump is corrupt and might have different winning conditions like "make Putin happy", but that doesn't change what Canada has to do.
I’d like them to focus on taking all the Americans who can contribute to the economy. I volunteer for tribute.
The problem is Canada doesn't want a bunch of Americans.
But but, I have good job, no guns, no criminal record, aaaaaannnnndddddd I like hockey. So, maybe? Like a trial basis? 😅
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I'm currently up in Canada for an extended stay, it's honestly so much nicer than back home. I'm gonna be sad to leave. I too gladly volunteer as tribute.
Edit: also everyone here has been so incredibly welcoming
You should probably wait until after Monday to come home. Maybe something catastrophic will happen and you'll get stuck there. Oh noooo
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Trump doesn't understand that tarrifs go both ways.
It's kind of amazing that his first priorty upon entering office is getting revenge and starting wars. What an incredible person and even more than that, an incredible leader. Amazing.
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Please Canada listen to your best and brightest
This is pure genius. Hit them where it hurts the most while simultaneously benefiting consumers.
I don't understand why this isn't the first option when a treaty is violated? Whybwould Canada continue to enforce their side of a now nullified agreement? How does Canada benefit from this?
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Good, Do it. Every country should do it. Make it fucking hurt.
I can't wait to not be able to afford diapers since racist rednecks elected a clown. It's like being held hostage on a train that's headed for a brick wall. Trying to raise a family through this is so hard.
I've said this before, the EU should just invite Canada into the Union.
Nice idea, but it’s not a good thing to distance yourself from your closest trading partner…just ask the U.K.
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So they'll make Canadians pay import taxes on American goods. Do American exports to Canada compete with anyone on price? Surely it's mainly availability of goods?
a lot of it is about choice. whether its by foreign culture brainwashing/advertisement spam, or canadian products just being less popular. people tend to buy american products because the retailers are locked into supplying them. if that were to change the average consumer might have to change brands for food, pay more for luxuries, and say goodbye to some specific things for a while until replacements are found, but when national security is on the line, canadians need to learn how to go cold turkey and abandon this dependence on an obviously untrustworthy, unreliable, and hostile United States.
an obviously untrustworthy, unreliable, and hostile United States.
Our countries were like best friends for so long. This makes me sad and angry. I feel like I'm gonna be this way for a while.
Our countries were like best friends for so long
If you guys could have not voted in a hostile garbage idiot whose idea of strength is going all bull in a China shop that friendship could have remained warn and fuzzy.
But now that you've gone and re-elected the guy who treated us like we're a hostile enemy (and said as much 5-6 years ago), we don't have much choice other than to take a few steps back and see other people.
.
I hope you guys can fix your issues, so we can feel like we can trust you again, but until then we have to do what's right for ourselves.
I hope you guys can fix your issues, so we can feel like we can trust you again, but until then we have to do what’s right for ourselves.
In before the whining about National security starts again.
I dont get it. They say they dont want to pay others bills anymore, but when they start making moves to detatch themselves from the US (the only way to provide for themselves without leeching off the US is to detatch...). they cry about their national security, which is just another word for their hegemony.
America doesn't want allies, America wants an empire of subservient vassal states who do nothing but buy their goods and services, and provide them raw materials and clients. this is not the behaivor of an ally, this is the behaivor of a hostile force. its just a shame that we're dealing with multiple of those in the world at the same time. (Russia, China)
Yeah, I get it. I don't know how to fix it because apparently we want this.
You don't want this. I don't want this. Not even half of the voting public want this. And yet it's happening. We don't know how to fix it because it's broken by design. The purpose of a system is what it does.
Canadian friends, best of luck moving forward. I hope you can do a better job than we did of staving off the torrent of bullshit.
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We have no choice-- we must give California to Canada to assuage their anger. A tariff war would be bad for business. Its a shame its come to this, but jobs might be at stake here.
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Do it. Isolate this evil shithole until it collapses. Please do it.
The US needs to be broken up the way the USSR was.
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