> Before becoming President, William McKinley, was an Ohio congressman known as the Napoleon of protection. He championed the Tariff Act of 1890, that put 50 per cent tariffs on our imports to the United States. Does that sound familiar? McKinley's 50% Tariff was meant to pressure us into dependence and eventually annexation by the United States. In reality, it did the opposite. Rather than getting weaker, Canada grew stronger. Instead of becoming more dependent, we diversified by changing who we did business with. And at this same time, inflation rose in the United States, they had a financial crisis and a four year economic depression.
That's a chef kiss. Trump has publicly said McKinley is his favorite president. Carney weaponized Trump's own historical hero against him and he's twisting the knife telling Americans Trump can't even come up with an original strategy. He's running a losing playbook.
It really seems that the love of McKinley was very much an affair with a bullet point list of policies without ever looking into how those actually panned out.
Ya - sounds exactly like the curriculum of an MBA today and likely what was taught at Warton back when Trump was a student. ‘Here’s a problem and here’s what someone tried and lets never talk about how it turned out’.
I have a hunch that this is not how economic policy is discussed at Wharton. Just a hunch lol. And for what it's worth, I think it's a tall task to ever attribute Trump's thinking as being molded by any actual education.
As an American in a pretty deep red state (although not exactly a pro Trump state), not a single soul I’ve talked to blames Canada for anything. They all think a trade war with Canada is utterly ridiculous.
I really hope so, because at the end of all this it'll be the actions and words of the American people who can repair it. Countries are already skittish about trusting US politicians in the future, so the only thing that will fix that is seeing demands for change from the American people.
McKinley’s tariffs happened when the US was an exporter, and hence they were a bigger net loser from counter-tariffs. The US is in a goods deficit now (though a services surplus). That makes its ability to weather counter tariffs more durable.
To really hurt the US the rest of the world may have to enact a services tariff - say a 50% digital services tax on US based companies and so on.
There is nothing another country can do to hurt the US more than Trump's own tariffs. If your opponent is an 800 lbs gorilla furiously punching its own balls, what more is there to add?
In the short term, it is going to raise inflation in the US. Long term, it will foster an environment where US companies become lazy, and become uncopetitive internationally.
Trump is so completely outclassed and he knows it. And honestly that's what scares me about this whole situation, because Trump is a malignant narcissist who has a pathological need to bring Carney down a notch. And he isn't going to be able to do it. so he's just going to keep trying.
Canada may have come out stronger in the end, but let’s not pretend the road there was painless. Canada struggled through the 1890s too. Exports were hit, farmers suffered, growth was weak and Canadians left for the U.S. Diversification may ultimately be good for us, but there could be a lot of economic pain between here and there.
I don't think anyone imagines there will be no pain. For Canada this not just a tariff issue, it's a sovereignty issue, life or death (by being annexed by the US). Anyone under the illusion that the US is not slavering over Canada's resources like we're a 12 year old girl and feels completely entitled (sphere of influence) is missing the big picture.
It'll really piss Trump/Americans off when Canadians know more about their country than they do. They have no one to blame but themselves, and that's the best part. Flailing at other countries just shows how hollow your existence actually is. How's that victory against Iran looking, by the way?
That speech is called selective reading of history to present a staged picture. Canada suffered severe economic disruptions due to the tariffs, especially to farmers and those in the resources sector, because their operations were so intertwined with the US, as they are now. Canada eventually got out of its economic funk just as all nations do, but that happened in the latter half of the decade when global grain prices rose, which both Canadian and American farmers benefitted from, and the Klondike gold rush which had prospectors rush in from all over the world.
The US's economic turmoil came later and it wasn't inflation they experienced but rather deflation caused by bank runs from effects of the Silver Purchase Act and the collapse of England's Baring Brothers which literally shut the purse to all investments coming into the US. The US railroad bubble had also burst and saw a lot of related companies shutter operations.
The idea that an American economy driven overwhelmingly by manufacturing exports benefited from high tariffs is an idea long discredited by subsequent economists.
We ought not relitigate history to appease an ignorant president.
It seems they have made some effort to tariff things with alternatives either in Canada or internationally, hopefully this will minimize the pain and also create some urgency for the American companies losing business as they see customers not just buying less because of tariffs but finding alternatives and maybe never going back to these American companies. Phone calls from CEOs upset about losing business is the only thing Trump will hear.
I characterize this as a well-dialled-in retaliatory strategy at the end of the day. It's designed to effectively raise the prices on things that are effectively redundant in the Canadian market, and also maximize the likelihood of corporate whining in the US. It's going to be interesting to see the long term fallout from this trade dispute because it could very well end up with many American products finding little to no market share in the future as alternatives become front and center for Canadian consumers.
It's specifically targeted at industries prevalent in US swing states to up the political pressure. Stuff like seafood caught in ME/AK (both with competitive senate elections), Rugs in GA, Cheese in Wisconsin/Minnesota etc.
Canada also produces a lot of wine and has existing import arrangements with other parts of the world. The California wines are probably the easiest to replace and they will need to work to get that business back in the future.
Hoo boy. Before I stopped going to the US I used to drive down to an event in California on a route through the central parts of Washington, Oregon and Cali. A completely different universe from the "woke" coast.
Sounds great but when their revenue drops a mere 5% (since we are 1/10 the size and much less purchasing power) I doubt they will care. If anything the profit margins are less crossing borders so they cut out their least profitable sector of the business which juices the efficiency numbers even with a revenue reduction
? You're assuming all industries also have an equal distribution of customers from Canada. Whisky is being hit hard for a reason - a big chunk of their sales are from Canada.
I think it’s actually the opposite. If you are producing a certain output and get market access to 10% more customers that extra output is highly profitable. A factory producing 10% less product probably can’t lay off 10% of staff. The building doesn’t get 10% smaller. The overhead may not get smaller at all. Maybe just the raw material costs. The profits probably go down much more than 10% because that margin on the last bit of output is so much higher.
I understand your logic, except you are forgetting that there's now less competition in the states. That means more customers in the states (offsetting any 10% loss of Canadians) and more importantly they can charge more to the existing customers. Remember the 2018 washing machine/dryer tariffs? American companies were able to increase their prices 20% because there was no more Mexican competition. They essentially undercut the 25% tariffs so still the cheapest product in America and their profit exploded as a result.
This is highly dependent on the market and what the competition looks like. There are products where this it true and products where it isn’t.
I was originally thinking about this with tourism industries in Florida when Canadians stated to avoid America. Restaurants and Hotels will have very high margins on the last few customers while they will lose lots of money on the first few customers. The overhead is basically fixed and they just need as many people as possible through the door. For them losing 10% of their business could mean the difference between profitability and going out of business and it’s so competitive that when the industry loses some customers it doesn’t effect everyone the same. The nice hotels might remain at capacity while the loses are concentrated at the lower end of the market. There a few percent of the market likely means some business going under.
South Florida resident here, I can not remember the last time I saw a Canadian license plate on a car on our streets. They had a large presence here in the winter and are now long gone, much anecdotal evidence of Canadians selling their winter condos and taking their money home. Tourism is a clean non polluting industry, they did not ask for much and spent their money locally. They will be missed and never have a reason to come back. With a strong Canadian dollar I suspect many will opt for a European vacation.
Trade wars are about taking short term pain for long term rewards. Carney seems to have strong support from voters for battling with the US. Trump has cratered in the polls with cost of living is one of the big reasons and Americans linking Cost of Living to his trade war. Iran is playing the same strategy with Trump... They think Americans are going force Trump to reverse course... Me thinks they are both smarter than him...
This trade war is going to be a major part of the news cycle for the next couple of months. When you're looking at counter-tariffs hitting cross-border goods, ripples in supply chains, consumer pricing ... it's not going to come out in the wash in just a quarter. Grab some popcorn. It's going to be wild.
I'm in this for the long haul. I don't care. Right now Carney is the best to deal with this bullshit. (politics aside because I don't follow them, but look what's he's pulled off in the past).
I'm in this for the long haul to stand up to the fuckers below us. This is OUR country. Our politeness is not weakness.
Is anyone in the Canadian government monitoring whether the tariffs Canada is implementing on American imports are causing industrial customers (who 80% of the tariffs effect vs consumers) to choose alternative non-american sources (so Canadian, or European sources for their inputs instead of now more expensive american ones)? Or are Canadian companies still buying american products, because they need to and there are no other sources?
Read a few stories - one about a bc paper mill and another about alberta bee keepers where they seem to keep buying american products, because there are no other sources for what they need.
Does anyone really believe that a global banker walked away from millions in private assets just to save your paycheck? I don’t know about you, but my costs have gone up in the last 18 months.
There is no doubt that Carney’s policies aim to help business owners. But that has always been the policy of every Canadian government, the question has been which owners? When the Mulroney government championed free trade with the US the idea was that Canadian companies could get tariff-free access to the US market. Which sounds good, but the US wouldn’t give that access for nothing, so in return Canada changed a lot of its Canadian-ownership laws so US companies could buy up Canadian companies, close the Canadian branch plant and serve the Canadian market from the US. It probably wasn’t a great deal for Canada (especially any va,je-add or manufacturing industries) but we adjusted.
What’s happening now is kind of a reversal to the way it was pre-free trade. It’s unlikely we’ll get back things like Massey-Ferguson but we will make adjustments.
It is a loss for Canada. Carney is redirecting billions out of Canada, is running up the debt harder than even that idiot Trudeau, that is now jumping up on Kathy Perry tunes, at the age of 54.
Did you know that if Canadians buy USA products it will increase Canadas GDP . Was this a strategy by Mark Carney , because all these tariffs are just taxes by both governments.
No I am a guy who is not into partisan politics , is that okay with you ? By the way I never vote mainstream candidates in federal or provincial elections. I always vote for independent candidates, it that okay with you ?
No, because that makes no sense at all. You're motivated enough to consistently vote (while not being a partisan) but presumably throw away said votes to vote for "independent candidates" that have no shot of winning? Have you had a brain injury at some point in your life? You being a bot makes more sense then this response being from a genuine human being. Might as well have told me you're a martian.
The insults don’t bother me because the radical left wing do that all the time . In a Democracy you have right to vote for who you want . Why vote for the status quo when they have done nothing for poor or working poor . That is my opinion , give me some concrete reasons why these mainstream political parties benefit me .
Your playing into party politics. By rejecting the parties en-masse, your politics is simply "not mainstream". That's not a position that stands for anything, and depending where you're voting, it's likely that there are very few, if any, independent politicians who reflect your personal politics any better than any one of the parties would.
Politics isn't a one-and-done event - or at least not in a well-functioning democracy. It's ongoing effort that requires engagement. Anyone who thinks complex decision making only requires effort a couple times a decade is delusional. Get involved with parties and politicians and help shape their policies. It's a long and (mostly) boring grind, but it's how platforms are built and communicated. Otherwise, we're all just disconnected actors lacking coordination or communication of what/why issues are important.
Are you not Canadian??? NDP is right there and pushed the Trudeau liberals to do a free dental plan while being a minority party. They've never had a majority, so unless your stretching the meaning of the term enough to make it meaningless, they are not the status quo.
It isn't about partisan politics. It is about a leader of a country that has traditionally been our closest ally that has now threatened us with economic dominance to pressure us into accepting annexation. He has threatened to take us over, he has called out border arbitrary (a border in which thousands of Canadians literally died to protect in years past) he has belittled our leaders openly by calling them an American term, he has openly told the world he wants our resources and land as american, so threats left right and centre. This, now, has very little to do with tariffs.
They then backed those threats up in negotiations by almost reaching a 'not bad' deal, but at the eleventh hour slipped in conditions that weren't originally part of the negations that demanded we allow America first right of refusal in selling our strategic minerals, by telling us that we couldn't make trade deals with other nations without american approval, by telling us that we had to drop Canadian cultural protection laws for american companies, that we had to allow them tariff free access for their vehicles but charging a tariff on ours, by wanting complete unfettered access to Canada for dairy which would absolutely flood the market and destroy our native industry. In basic, they wanted Canada to concede on the ability to do anything meaningful that a sovereign nation does without permission of America. Those my friend, are acts of aggression to make us a vassal state.
This isn't about policits at all, it is about how America has gone looney toons and we just want to exist, as we were, before the USA government went all fucking crazy.
>Did you know that if Canadians buy USA products it will increase Canadas GDP .
False.
Gross domestic product (GDP) is the total monetary value of all final goods and services produced within a country during a specific time period, usually one year.
The only impact to Canadian GDP would be increased Canadian production to replace US goods no longer being imported.
PicoRascar | 18 hours ago
Great speech. Loved this part:
> Before becoming President, William McKinley, was an Ohio congressman known as the Napoleon of protection. He championed the Tariff Act of 1890, that put 50 per cent tariffs on our imports to the United States. Does that sound familiar? McKinley's 50% Tariff was meant to pressure us into dependence and eventually annexation by the United States. In reality, it did the opposite. Rather than getting weaker, Canada grew stronger. Instead of becoming more dependent, we diversified by changing who we did business with. And at this same time, inflation rose in the United States, they had a financial crisis and a four year economic depression.
That's a chef kiss. Trump has publicly said McKinley is his favorite president. Carney weaponized Trump's own historical hero against him and he's twisting the knife telling Americans Trump can't even come up with an original strategy. He's running a losing playbook.
Ov3rReadKn1ght0wl | 18 hours ago
It really seems that the love of McKinley was very much an affair with a bullet point list of policies without ever looking into how those actually panned out.
RelishedCrab | 18 hours ago
I believe that explains how all of Trump’s strategies are devised.
Fuddle | 17 hours ago
I’m gonna drive this economy like Thelma and Louise drove their car across America!! I didn’t see the end of that movie.
cbarrister | 14 hours ago
Policy decided by whatever aide can print in the largest size font.
Independent_Leg3957 | 15 hours ago
It's bold of the both do you to think he got through an entire bulleted list.
calgarywalker | 17 hours ago
Ya - sounds exactly like the curriculum of an MBA today and likely what was taught at Warton back when Trump was a student. ‘Here’s a problem and here’s what someone tried and lets never talk about how it turned out’.
grtyvr1 | 15 hours ago
I so want to see a headline like "Wharton Economics allum DJ Trump says..."
Bodoblock | 9 hours ago
I have a hunch that this is not how economic policy is discussed at Wharton. Just a hunch lol. And for what it's worth, I think it's a tall task to ever attribute Trump's thinking as being molded by any actual education.
Prestigious_Load1699 | 2 hours ago
Trump loves tariffs.
For my part, this is evidence of no meaningful education on economics.
Tariffs have been discredited for a century now.
He owns this ignorance.
AdministrativeLeg14 | 6 hours ago
I’m sure the school is not that bad. The problem may lie elsewhere.
>Donald Trump was the dumbest goddamn student I ever had!
—Trump’s Wharton professor, William T. Kelley
dust4ngel | 14 hours ago
> the love of McKinley was very much an affair with a bullet point list of policies without ever looking into how those actually panned out
"he failed the way a real american would fail!"
Ov3rReadKn1ght0wl | 14 hours ago
By getting assassinated?
mechajlaw | 16 hours ago
Not to mention McKinley is one of the only U.S. presidents to get assassinated.
Nikiaf | 17 hours ago
Hey! He was elected to lead, not to read. Although he’s not doing a good job at the former, either.
GemIsOutrageous | 17 hours ago
I think we need to give up on this notion that Americans will ever learn anything. I see so many of them still blaming Canada for this.
evilradar | 17 hours ago
As an American in a pretty deep red state (although not exactly a pro Trump state), not a single soul I’ve talked to blames Canada for anything. They all think a trade war with Canada is utterly ridiculous.
vickipaperclips | 17 hours ago
I really hope so, because at the end of all this it'll be the actions and words of the American people who can repair it. Countries are already skittish about trusting US politicians in the future, so the only thing that will fix that is seeing demands for change from the American people.
ReallyHappyHippo | 16 hours ago
Glad to hear this
urasawasmonster | 14 hours ago
But will they vote on principle against it?
anewleaf1234 | 14 hours ago
Well it is what they voted for.
teoshie | 18 hours ago
out of all the presidents his favorite is McKinley?
Fit_Diet6336 | 17 hours ago
His real favourite is himself
grumble11 | 17 hours ago
McKinley’s tariffs happened when the US was an exporter, and hence they were a bigger net loser from counter-tariffs. The US is in a goods deficit now (though a services surplus). That makes its ability to weather counter tariffs more durable.
To really hurt the US the rest of the world may have to enact a services tariff - say a 50% digital services tax on US based companies and so on.
Hudre | 17 hours ago
Yes but the US isn't just laying tariffs on Canada.
Caracalla81 | 16 hours ago
There is nothing another country can do to hurt the US more than Trump's own tariffs. If your opponent is an 800 lbs gorilla furiously punching its own balls, what more is there to add?
OkGrade1686 | 12 hours ago
In the short term, it is going to raise inflation in the US. Long term, it will foster an environment where US companies become lazy, and become uncopetitive internationally.
Moist_Presentation44 | 12 hours ago
Thanks for the comedic relief lol
Prestigious_Load1699 | 2 hours ago
Sounds like Sun Tzu, the Chinese Prince Matchabelli.
True_Heart_6 | 16 hours ago
These digital services taxes, regulations, and taxes / fines are all different ways that other countries have been “taxing” US tech companies.
More are being pushed and obviously the U.S. tech giants absolutely hate this. It’s a big sticking point in trade negotiations.
whydidistartmaster | 13 hours ago
His Davos speech about "middle powers" is heard by millions. Sane people in politics is just breath of fresh air in current political landscape.
ThrowRA_EducatedMan | 9 hours ago
Just wait until his speech in Europe in about ten days. There’s going to be major trade and military announcements.
Exciting_Turn_9559 | 11 hours ago
Trump is so completely outclassed and he knows it. And honestly that's what scares me about this whole situation, because Trump is a malignant narcissist who has a pathological need to bring Carney down a notch. And he isn't going to be able to do it. so he's just going to keep trying.
dogs_gt_cats | 16 hours ago
He also was obsessed with Jackson.
That said, IMO, he is far more like Hoover than anyone else.
_cob_ | 17 hours ago
Hopefully this diversification is permanent. This lesson should never be forgotten.
Proud_Platypus_8153 | 16 hours ago
Canada may have come out stronger in the end, but let’s not pretend the road there was painless. Canada struggled through the 1890s too. Exports were hit, farmers suffered, growth was weak and Canadians left for the U.S. Diversification may ultimately be good for us, but there could be a lot of economic pain between here and there.
dostoevsky4evah | 13 hours ago
I don't think anyone imagines there will be no pain. For Canada this not just a tariff issue, it's a sovereignty issue, life or death (by being annexed by the US). Anyone under the illusion that the US is not slavering over Canada's resources like we're a 12 year old girl and feels completely entitled (sphere of influence) is missing the big picture.
It's pain now or a LOT more pain later.
Edit: seppies are gonna whine, tho
ishtar_the_move | 12 hours ago
Not for a minute I would believe he knows any presidents other than Biden and Obama.
Narrow-Initial-5854 | 15 hours ago
It'll really piss Trump/Americans off when Canadians know more about their country than they do. They have no one to blame but themselves, and that's the best part. Flailing at other countries just shows how hollow your existence actually is. How's that victory against Iran looking, by the way?
Bitter-Variation-151 | 14 hours ago
Too bad speeches don't help Canadians.
biscuitarse | 14 hours ago
Beats a warmed-over plate of capitulation.
CauliflowerDaffodil | 12 hours ago
That speech is called selective reading of history to present a staged picture. Canada suffered severe economic disruptions due to the tariffs, especially to farmers and those in the resources sector, because their operations were so intertwined with the US, as they are now. Canada eventually got out of its economic funk just as all nations do, but that happened in the latter half of the decade when global grain prices rose, which both Canadian and American farmers benefitted from, and the Klondike gold rush which had prospectors rush in from all over the world.
The US's economic turmoil came later and it wasn't inflation they experienced but rather deflation caused by bank runs from effects of the Silver Purchase Act and the collapse of England's Baring Brothers which literally shut the purse to all investments coming into the US. The US railroad bubble had also burst and saw a lot of related companies shutter operations.
Prestigious_Load1699 | 2 hours ago
The idea that an American economy driven overwhelmingly by manufacturing exports benefited from high tariffs is an idea long discredited by subsequent economists.
We ought not relitigate history to appease an ignorant president.
spidereater | 18 hours ago
It seems they have made some effort to tariff things with alternatives either in Canada or internationally, hopefully this will minimize the pain and also create some urgency for the American companies losing business as they see customers not just buying less because of tariffs but finding alternatives and maybe never going back to these American companies. Phone calls from CEOs upset about losing business is the only thing Trump will hear.
Ov3rReadKn1ght0wl | 18 hours ago
I characterize this as a well-dialled-in retaliatory strategy at the end of the day. It's designed to effectively raise the prices on things that are effectively redundant in the Canadian market, and also maximize the likelihood of corporate whining in the US. It's going to be interesting to see the long term fallout from this trade dispute because it could very well end up with many American products finding little to no market share in the future as alternatives become front and center for Canadian consumers.
Affectionate-Panic-1 | 17 hours ago
It's specifically targeted at industries prevalent in US swing states to up the political pressure. Stuff like seafood caught in ME/AK (both with competitive senate elections), Rugs in GA, Cheese in Wisconsin/Minnesota etc.
DucksButt | 16 hours ago
It also effects wine from California. I think the political targeting is a little over blown.
Affectionate-Panic-1 | 16 hours ago
Yah it's also a question of where can you most easily procure stuff elsewhere. Tons of wine exports from Europe are available.
Fancy_Yak2618 | 15 hours ago
The Niagara region has award winning wineries we are good on wine.
dostoevsky4evah | 13 hours ago
And the Okanagan
spidereater | 16 hours ago
Canada also produces a lot of wine and has existing import arrangements with other parts of the world. The California wines are probably the easiest to replace and they will need to work to get that business back in the future.
proowl26 | 14 hours ago
fun fact much of california is republican outside the major city
dostoevsky4evah | 13 hours ago
Hoo boy. Before I stopped going to the US I used to drive down to an event in California on a route through the central parts of Washington, Oregon and Cali. A completely different universe from the "woke" coast.
DucksButt | 12 hours ago
I think it's more the east/west part of the state. But population wise it's pretty darn blue. Land doesn't vote.
Defiant-Classroom-20 | 17 hours ago
*Usian companies
ConnorWolf121 | 12 hours ago
Or “companies from the States”, whichever you prefer lol
grtyvr1 | 15 hours ago
Corporations elected him, so he should listen to his electorate. If he had any sense he would.
Equivalent_Song3771 | 17 hours ago
Sounds great but when their revenue drops a mere 5% (since we are 1/10 the size and much less purchasing power) I doubt they will care. If anything the profit margins are less crossing borders so they cut out their least profitable sector of the business which juices the efficiency numbers even with a revenue reduction
ThatPhatKid_CanDraw | 17 hours ago
? You're assuming all industries also have an equal distribution of customers from Canada. Whisky is being hit hard for a reason - a big chunk of their sales are from Canada.
spidereater | 17 hours ago
I think it’s actually the opposite. If you are producing a certain output and get market access to 10% more customers that extra output is highly profitable. A factory producing 10% less product probably can’t lay off 10% of staff. The building doesn’t get 10% smaller. The overhead may not get smaller at all. Maybe just the raw material costs. The profits probably go down much more than 10% because that margin on the last bit of output is so much higher.
Equivalent_Song3771 | 17 hours ago
I understand your logic, except you are forgetting that there's now less competition in the states. That means more customers in the states (offsetting any 10% loss of Canadians) and more importantly they can charge more to the existing customers. Remember the 2018 washing machine/dryer tariffs? American companies were able to increase their prices 20% because there was no more Mexican competition. They essentially undercut the 25% tariffs so still the cheapest product in America and their profit exploded as a result.
spidereater | 17 hours ago
This is highly dependent on the market and what the competition looks like. There are products where this it true and products where it isn’t.
I was originally thinking about this with tourism industries in Florida when Canadians stated to avoid America. Restaurants and Hotels will have very high margins on the last few customers while they will lose lots of money on the first few customers. The overhead is basically fixed and they just need as many people as possible through the door. For them losing 10% of their business could mean the difference between profitability and going out of business and it’s so competitive that when the industry loses some customers it doesn’t effect everyone the same. The nice hotels might remain at capacity while the loses are concentrated at the lower end of the market. There a few percent of the market likely means some business going under.
havedoggyhave | 16 hours ago
South Florida resident here, I can not remember the last time I saw a Canadian license plate on a car on our streets. They had a large presence here in the winter and are now long gone, much anecdotal evidence of Canadians selling their winter condos and taking their money home. Tourism is a clean non polluting industry, they did not ask for much and spent their money locally. They will be missed and never have a reason to come back. With a strong Canadian dollar I suspect many will opt for a European vacation.
dust4ngel | 14 hours ago
> Sounds great but when their revenue drops a mere 5%
american companies lay people off when they don't grow enough. a drop in revenue means HR will be dual-wielding axes akimbo.
MDLH | 15 hours ago
Trade wars are about taking short term pain for long term rewards. Carney seems to have strong support from voters for battling with the US. Trump has cratered in the polls with cost of living is one of the big reasons and Americans linking Cost of Living to his trade war. Iran is playing the same strategy with Trump... They think Americans are going force Trump to reverse course... Me thinks they are both smarter than him...
Prestigious_Load1699 | 2 hours ago
Trade wars act to the detriment of everyone involved.
That is, unless every 20th-century historian is completely wrong.
moneywiseteam | 15 hours ago
This trade war is going to be a major part of the news cycle for the next couple of months. When you're looking at counter-tariffs hitting cross-border goods, ripples in supply chains, consumer pricing ... it's not going to come out in the wash in just a quarter. Grab some popcorn. It's going to be wild.
urasawasmonster | 14 hours ago
I worry that mainstream news will suppress it or play it down. Social media will be a different story.
ryan8954 | 12 hours ago
I'm in this for the long haul. I don't care. Right now Carney is the best to deal with this bullshit. (politics aside because I don't follow them, but look what's he's pulled off in the past).
I'm in this for the long haul to stand up to the fuckers below us. This is OUR country. Our politeness is not weakness.
morecoffeemore | 13 hours ago
Is anyone in the Canadian government monitoring whether the tariffs Canada is implementing on American imports are causing industrial customers (who 80% of the tariffs effect vs consumers) to choose alternative non-american sources (so Canadian, or European sources for their inputs instead of now more expensive american ones)? Or are Canadian companies still buying american products, because they need to and there are no other sources?
Read a few stories - one about a bc paper mill and another about alberta bee keepers where they seem to keep buying american products, because there are no other sources for what they need.
Successpool | 8 hours ago
Sourcing is by far the most expensive part for most businesses. But it’s time to adjust and source our goods and materials elsewhere.
Sign_Outside | 18 hours ago
Does anyone really believe that a global banker walked away from millions in private assets just to save your paycheck? I don’t know about you, but my costs have gone up in the last 18 months.
jaymickef | 18 hours ago
There is no doubt that Carney’s policies aim to help business owners. But that has always been the policy of every Canadian government, the question has been which owners? When the Mulroney government championed free trade with the US the idea was that Canadian companies could get tariff-free access to the US market. Which sounds good, but the US wouldn’t give that access for nothing, so in return Canada changed a lot of its Canadian-ownership laws so US companies could buy up Canadian companies, close the Canadian branch plant and serve the Canadian market from the US. It probably wasn’t a great deal for Canada (especially any va,je-add or manufacturing industries) but we adjusted.
What’s happening now is kind of a reversal to the way it was pre-free trade. It’s unlikely we’ll get back things like Massey-Ferguson but we will make adjustments.
What else can we do?
vivalabongwater | 17 hours ago
Don't reply to bots.
Pretty_Dingo_1004 | 18 hours ago
>my costs have gone up in the last 18 months.
https://i.kym-cdn.com/photos/images/original/003/039/715/76d.jpeg
Dobby068 | 18 hours ago
Well, Carney is apparently more popular now than sliced bread, so, yeah, unfortunately lots of believers!
Fancy_Yak2618 | 15 hours ago
And milhouse is hated so it’s a win win
Dobby068 | 15 hours ago
It is a loss for Canada. Carney is redirecting billions out of Canada, is running up the debt harder than even that idiot Trudeau, that is now jumping up on Kathy Perry tunes, at the age of 54.
Fancy_Yak2618 | 15 hours ago
And milhouse would of been worse
Stop with Trudeau he’s not PM anymore and the obsession is pathetic
Dobby068 | 13 hours ago
STOP with Trump, he is not in charge of Canada!
Sorry I offended your idol, Junior! /s
BusLevel7307 | 17 hours ago
Did you know that if Canadians buy USA products it will increase Canadas GDP . Was this a strategy by Mark Carney , because all these tariffs are just taxes by both governments.
Olin_123 | 17 hours ago
We're sick of America, and would rather take the hit to our GDP then buy from it. Is that so hard to understand or are you a bot?
BusLevel7307 | 17 hours ago
No I am a guy who is not into partisan politics , is that okay with you ? By the way I never vote mainstream candidates in federal or provincial elections. I always vote for independent candidates, it that okay with you ?
Olin_123 | 16 hours ago
No, because that makes no sense at all. You're motivated enough to consistently vote (while not being a partisan) but presumably throw away said votes to vote for "independent candidates" that have no shot of winning? Have you had a brain injury at some point in your life? You being a bot makes more sense then this response being from a genuine human being. Might as well have told me you're a martian.
RealisticForYou | 14 hours ago
You are so right. Voting "independent" ultimately gave the win to Trump. What a stupid move.
BusLevel7307 | 13 hours ago
I am not an American so how can I vote for a Republican or Democrat candidate.
BusLevel7307 | 13 hours ago
The insults don’t bother me because the radical left wing do that all the time . In a Democracy you have right to vote for who you want . Why vote for the status quo when they have done nothing for poor or working poor . That is my opinion , give me some concrete reasons why these mainstream political parties benefit me .
DamionSipher | 12 hours ago
Your playing into party politics. By rejecting the parties en-masse, your politics is simply "not mainstream". That's not a position that stands for anything, and depending where you're voting, it's likely that there are very few, if any, independent politicians who reflect your personal politics any better than any one of the parties would.
BusLevel7307 | 12 hours ago
So then I guess I should not vote at all . What’s the point .
DamionSipher | 12 hours ago
Politics isn't a one-and-done event - or at least not in a well-functioning democracy. It's ongoing effort that requires engagement. Anyone who thinks complex decision making only requires effort a couple times a decade is delusional. Get involved with parties and politicians and help shape their policies. It's a long and (mostly) boring grind, but it's how platforms are built and communicated. Otherwise, we're all just disconnected actors lacking coordination or communication of what/why issues are important.
Olin_123 | 5 hours ago
Are you not Canadian??? NDP is right there and pushed the Trudeau liberals to do a free dental plan while being a minority party. They've never had a majority, so unless your stretching the meaning of the term enough to make it meaningless, they are not the status quo.
Thadius | 16 hours ago
It isn't about partisan politics. It is about a leader of a country that has traditionally been our closest ally that has now threatened us with economic dominance to pressure us into accepting annexation. He has threatened to take us over, he has called out border arbitrary (a border in which thousands of Canadians literally died to protect in years past) he has belittled our leaders openly by calling them an American term, he has openly told the world he wants our resources and land as american, so threats left right and centre. This, now, has very little to do with tariffs.
They then backed those threats up in negotiations by almost reaching a 'not bad' deal, but at the eleventh hour slipped in conditions that weren't originally part of the negations that demanded we allow America first right of refusal in selling our strategic minerals, by telling us that we couldn't make trade deals with other nations without american approval, by telling us that we had to drop Canadian cultural protection laws for american companies, that we had to allow them tariff free access for their vehicles but charging a tariff on ours, by wanting complete unfettered access to Canada for dairy which would absolutely flood the market and destroy our native industry. In basic, they wanted Canada to concede on the ability to do anything meaningful that a sovereign nation does without permission of America. Those my friend, are acts of aggression to make us a vassal state.
This isn't about policits at all, it is about how America has gone looney toons and we just want to exist, as we were, before the USA government went all fucking crazy.
Responsible_CDN_Duck | 15 hours ago
>Did you know that if Canadians buy USA products it will increase Canadas GDP .
False.
Gross domestic product (GDP) is the total monetary value of all final goods and services produced within a country during a specific time period, usually one year.
The only impact to Canadian GDP would be increased Canadian production to replace US goods no longer being imported.
Responsible_CDN_Duck | 15 hours ago
>Was this a strategy by Mark Carney , because all these tariffs are just taxes by both governments.
In the case of Canadian tariffs they're funds used to offset job and business loss due to US tariffs.