Trump raises tariffs on Canada to 35% with no trade deal in sight - National | Globalnews.ca
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The White House said Trump was raising the tariff rate because Canada "has failed to cooperate in curbing the ongoing flood of fentanyl" and imposed retaliatory tariffs.
  • mikenurre@lemmy.world
    21·
    7 天前

    Dear Canada, please either A) Cut off all trade with the US, or B) add a 100% export tax on potash and lumber, and hold those until there is a regime change. He didn’t honor NAFTA or his MCA trade agreements, and has already broken the most recent tariff agreement. You keep giving inches and he will keep taking miles. ELBOWS UP!!!

    • TheFeatureCreature@lemmy.caEnglish
      9·
      7 天前

      Unfortunately we still rely on US trade at the moment. We are seeking alternative markets but it is going to take time.

      Also cutting off potash is certainly an option, but it is best reserved as a nuclear last resort. If timed right, it could potentially collapse the US agricultural sector but tariffs would be the least of our worries if we did that.

      Another option we need to consider is an other collaborative selloff of US bonds and other measures to devalue the US dollar.