Summary

Donald Trump launched a trade war against Canada by imposing a 25% tariff on nearly all Canadian goods, including a 10% levy on energy products.

His action, intended to pressure Canada to curb fentanyl flows, contradicts official trade figures and ignores that most deficits result from American demand for cheaper Canadian oil.

The tariffs, set to remain until Canada complies, could cost billions to Canada’s economy and disrupt $800 billion in annual trade.

Canada is expected to retaliate, forcing Prime Minister Trudeau to respond amid escalating cross-border tensions.

  • Flying Squid@lemmy.world
    link
    fedilink
    English
    arrow-up
    20
    ·
    3 months ago

    Implementing a tariff without giving businesses an alternative is a self-inflicted wound in a trade war.

    • LifeInMultipleChoice@lemmy.world
      link
      fedilink
      English
      arrow-up
      10
      ·
      edit-2
      3 months ago

      Being that we cut regulations over and over the number of refineries to oil in the U.S. decreased drastically over the years. It is why we had shortages while having loads of crude oil laying around. A quick search shows that building a refinery takes 3-5 years. So unless we can use the refineries we have to produce the fuel we need, we may hit years of higher prices. (Our lifting costs are much higher)

        • LifeInMultipleChoice@lemmy.world
          link
          fedilink
          English
          arrow-up
          7
          ·
          3 months ago

          I’m looking forward to not being able to afford to live anymore soon. It currently costs me $20 a day to go to work. Just the .75 cents on gas would cost me $120 a month extra right now. Food costs are already outrageous. Certainly going to need a lot more ramen. I have chickens for eggs, but I should figure out some good ways to can/preserve vegatables this season for next winter. I can’t just throw everything in the freezer, not enough room.

  • 𞋴𝛂𝛋𝛆@lemmy.world
    link
    fedilink
    English
    arrow-up
    15
    ·
    3 months ago

    Americans suffering from pain that are not serviced by a corrupt medical system, and the most peaceful way to punch one’s own timecard is under attack in a way that will increase the cost of goods and services to average serfs, peasants, and wage slaves in the USA.

  • otp@sh.itjust.works
    link
    fedilink
    English
    arrow-up
    14
    ·
    3 months ago

    His action, intended to pressure Canada to curb fentanyl flows,

    During the pandemic, when we (Canada) closed the borders, we saw an increase in fentanyl-related deaths.

    Rather than being caused by mental wellbeing issues, it was believed to be caused by poorer drug supply (more impurities).

    So if closing the border made our drugs worse-quality, isn’t the US the problem?

    This is like the US closing the border because they’re worried about all the illegal guns crossing into the US from Canada…

    • Savaran@lemmy.world
      link
      fedilink
      English
      arrow-up
      18
      ·
      3 months ago

      What makes you think it’s supposed to help anyone? This is them speed running tearing the US down to the nails and selling it off for pennies to themselves.

  • Riskable@programming.dev
    link
    fedilink
    English
    arrow-up
    8
    ·
    3 months ago

    Canada will probably just cut off the pipelines into the US and partner with Europe to get all that oil shipped there.

    • Windex007@lemmy.world
      link
      fedilink
      English
      arrow-up
      7
      ·
      3 months ago

      Canada (as a federal unit) has pretty desperately been trying to allow itself to trade oil on the global stage, but the infrastructure to allow that just isn’t there. To get meaningful quantities to Canadian ports required pipelines through to the west coast, and that was politically unpalatable to the people living there.

      Really sucks that Canada just plainly didn’t build the infrastructure to expand to global markets. Most intercontinental trade of Canadian petroleum is via Florida. It’d be great if Canada could flood the European and Asian markets to kneecap Russias war machine funding. But the infrastructure isn’t there.

    • Jimmycakes@lemmy.world
      link
      fedilink
      English
      arrow-up
      6
      ·
      edit-2
      3 months ago

      That’s exactly what they want and what all this is about. America has access to all the oil it needs but there are too many pesky laws and environmental exclusion zones. This will create a “shortage” so they will need to start up new drilling operations in the gulf, in Alaska, fracking, national parks, any other shit they got cooked up. We can become a net exporter in the short term so these ghouls can get richer quickly and they will have all their money and it will be someone else’s problem to fix

  • StopTouchingYourPhone@lemmy.world
    link
    fedilink
    English
    arrow-up
    5
    ·
    edit-2
    3 months ago

    O weird… Across every platform, I kept reading this would never happen and was just a distraction from some other terrible thing - or if it did happen it’d be our fault for paying attention in the first place (and Daddy drinks because you cry) - and here we are again. Murka doing exactly what they threatened to do.

    Looking forward to Trudeau’s response at 6. And the fuck Trudeau brigade can get bent.

    [edit bc nobody needs more allcaps]