>President Donald Trump launched a trade war against Canada on Saturday by imposing a 25 per cent tariff on virtually all good from the U.S.’s neighbour — an unprecedented strike against a longstanding ally that has the potential to throw the economy into a tailspin.
>Trump’s long-threatened plan to inflict economic pain on Canada has materialized on the day he said it would, and it includes a 10 per cent tariff on Canadian energy products, according to a senior federal government official who shared details of Trump’s plan with CBC News.
>These potentially devastating tariffs will take effect on Tuesday and remain in place until Trump is satisfied Canada is doing enough to stop the flow of fentanyl into the U.S., the government official said.
>Canada is expected to hit back later Saturday with retaliatory tariffs of its own to make Trump think twice about taking on his country’s biggest customer.
!ping Can&Containers
Leonflames on
It’s been nice enjoying Biden’s economy while it lasted.
7-5NoHits on
America isn’t touching the stove, it’s bellyflopping on the stove.
>Democracy is the theory that the common people know what they want and deserve to get it good and hard
>-H. L. Mencken
HowIsPajamaMan on
Goodbye American auto industry.
You’ll be dead in a week.
But you voted for this, so I guess you got what you wanted
TheOneTrueEris on
seriously who the fuck wants this.
BroadReverse on
Remember when people were worried Trump would ride off Biden’s economy and take credit for it. Well that’s not an issue anymore lmao
Professional-Cry8310 on
Fucking insanity. The justification of “fentanyl flowing across the border” is an impossible task to fix.
Just blowing up a century long economic relationship for no fucking reason. And the losers will be both everyday Americans and Canadians alike.
WichaelWavius on
Please Xi let us into the BRI, we have a lot of natural resources that suddenly have no buyer, and that suddenly need a lot of rail and port infrastructure to ship off continent
tinuuuu on
I wonder when we will see countries retaliating by raising taxes on imported services. At some point, someone will find out that this will hurt the US much more than taxes on goods, since the US exports so little.
Lame_Johnny on
Speed running the “find out” stage
datums on
It was previously announced that tariffs would go into effect at midnight tonight. Now they are saying that they will go into effect on Tuesday. Nothing has actually happened yet.
13 Comments
>President Donald Trump launched a trade war against Canada on Saturday by imposing a 25 per cent tariff on virtually all good from the U.S.’s neighbour — an unprecedented strike against a longstanding ally that has the potential to throw the economy into a tailspin.
>Trump’s long-threatened plan to inflict economic pain on Canada has materialized on the day he said it would, and it includes a 10 per cent tariff on Canadian energy products, according to a senior federal government official who shared details of Trump’s plan with CBC News.
>These potentially devastating tariffs will take effect on Tuesday and remain in place until Trump is satisfied Canada is doing enough to stop the flow of fentanyl into the U.S., the government official said.
>Canada is expected to hit back later Saturday with retaliatory tariffs of its own to make Trump think twice about taking on his country’s biggest customer.
!ping Can&Containers
It’s been nice enjoying Biden’s economy while it lasted.
America isn’t touching the stove, it’s bellyflopping on the stove.
https://preview.redd.it/uk4xm3g3ykge1.jpeg?width=1170&format=pjpg&auto=webp&s=d2c8880154e42ee1f8947330aed54f51e37fcac3
>Democracy is the theory that the common people know what they want and deserve to get it good and hard
>-H. L. Mencken
Goodbye American auto industry.
You’ll be dead in a week.
But you voted for this, so I guess you got what you wanted
seriously who the fuck wants this.
Remember when people were worried Trump would ride off Biden’s economy and take credit for it. Well that’s not an issue anymore lmao
Fucking insanity. The justification of “fentanyl flowing across the border” is an impossible task to fix.
Just blowing up a century long economic relationship for no fucking reason. And the losers will be both everyday Americans and Canadians alike.
Please Xi let us into the BRI, we have a lot of natural resources that suddenly have no buyer, and that suddenly need a lot of rail and port infrastructure to ship off continent
I wonder when we will see countries retaliating by raising taxes on imported services. At some point, someone will find out that this will hurt the US much more than taxes on goods, since the US exports so little.
Speed running the “find out” stage
It was previously announced that tariffs would go into effect at midnight tonight. Now they are saying that they will go into effect on Tuesday. Nothing has actually happened yet.
So we are still in the negotiation phase.