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Thread: Canada vows to fight back if hit with Trumpís tariffs

  1. #11
    Veteran Member Dr.Knuckles's Avatar
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    It would be to walk away from the current NAFTA renegotiations. Not actually withdraw from NAFTA.

    They’re going nowhere anyway. US negotiators are ashamed of their own instructions.

  2. #12
    Veteran Member Southern Dad's Avatar
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    If Canada walks away from NAFTA, what will Ford and GM do? Canada is the 9th largest producer of vehicles in the world. Many of those vehicles produced in Canada are sold in the US market. Want to know if your vehicle was made in Canada? Check the VIN. If the first digit is a 2, it was made in Canada. Just because it says Ford on the grill doesn't make it American.

  3. #13
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    On the long run the main consequence will be for the US dollar. If the USA stops to be an open country, others will no more trust the dollar, which actually is the most important reserve currency and is used as an international mean of payment. The result will be that many countries will turn progressively on the Euro, probably also the yuan and the yen. There is a growing feeling among foreign countries that the USA did abuse of the power the dollar granted to them to keep their leadership and that more neutral means of payments are needed. The main consequence will be that the US will be less able to just issue dollars to cover their balance of payments deficit and will have to pay higher interests for the money, one way or the other, they in fact borrow from other countries like China etc.... It will make investments in the US more expensive, will bring inflation and higher prices, without offering better salaries to most Americans. Furthermore the political influence of the USA in the world is already the victim of the policy of the Trump administration leading to cancel international agreements and to try to conclude only bilateral ones. At least Obama had a real vision and was trying to enhance softpower of the US to maintain their influence, knowing that his country although still great had only 6% of the world population, which gives little room to be as unique as before. Retreating from treaties and refusing to accept the same responsabilities as before can only harm what is left of the American leadership. It is rather surprising that the US at a time they much less master the complexity of the world follow a lonely way. Finally increasing tariffs is also to recognize that the USA are no more competitive enough to bear foreign concurrence, which is very surprising when it comes to Canada which has about the same production costs, the same wages as in the USA. So what is the problem with Canada ? The same with taxing European cars imports ?

  4. #14
    Nuisance Factor Yeti 8 Jungle Swing Champion, YetiSports 4 - Albatross Overload Champion, YetiSports7 - Snowboard FreeRide Champion, Alu`s Revenge Champion boontito's Avatar
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    If Canada wants to retaliate, they better drop the politeness.

  5. #15
    Established Member libertariat720's Avatar
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    Quote Originally Posted by Tedminator View Post
    All-out trade war: Canada vows to fight back if hit with Trump's tariffs | Financial Post

    Canada is vowing to retaliate if U.S. President Donald Trump makes good on his pledge to impose steep tariffs on steel and aluminum producers ó while holding out hope that it could be exempt.
    Trump said he intends to slap a 25 per cent duty on steel imports and 10 per cent on aluminum in order to protect the national industry, though details remain unclear. His words sent U.S.-based producers rallying but could hurt companies that ship steel and aluminum from Canada, including Rio Tinto Group and Stelco Holdings Inc., without an exemption.

    ďThe President has just initiated an all-out trade war,Ē said Jean Simard, chief executive officer of the Aluminum Association of Canada. Aside from the direct impact on the countries affected, Europe will need to protect itself from a flood of redirected metal because the U.S. is not an open market anymore, he said.
    ..snip..


    meh.. no specifics on how Canada will retaliate.
    Anyhoo trump declaring a trade war on our closest ally is not very neighborly.


    Don't like U.S. imposing tariffs but not too worried about Canada.


  6. #16
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    Quote Originally Posted by libertariat720 View Post
    Don't like U.S. imposing tariffs but not too worried about Canada.

    Are you kidding
    .... that picture should worry anyone that has to live with what that vegan soyboy feminist cuckold has to say.

  7. #17
    Veteran Member Eve1's Avatar
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    Quote Originally Posted by bmanmcfly View Post
    Are you kidding
    .... that picture should worry anyone that has to live with what that vegan soyboy feminist cuckold has to say.
    If given the choice=A picture of Trudeau to look at all day or a picture of Trump to look at all day? No contest, Trump loses.
    Thanks from HCProf

  8. #18
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    Quote Originally Posted by Eve1 View Post
    If given the choice=A picture of Trudeau to look at all day or a picture of Trump to look at all day? No contest, Trump loses.
    Trump - "if they aren't criminals and have lived here for a long time, they should be fast tracked."

    Trudeau - "I believe that terrorist sympathisers should not be prevented from working security at Canadian airports."

  9. #19
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    Quote Originally Posted by Tedminator View Post
    All-out trade war: Canada vows to fight back if hit with Trump's tariffs | Financial Post

    Canada is vowing to retaliate if U.S. President Donald Trump makes good on his pledge to impose steep tariffs on steel and aluminum producers — while holding out hope that it could be exempt.
    Trump said he intends to slap a 25 per cent duty on steel imports and 10 per cent on aluminum in order to protect the national industry, though details remain unclear. His words sent U.S.-based producers rallying but could hurt companies that ship steel and aluminum from Canada, including Rio Tinto Group and Stelco Holdings Inc., without an exemption.

    “The President has just initiated an all-out trade war,” said Jean Simard, chief executive officer of the Aluminum Association of Canada. Aside from the direct impact on the countries affected, Europe will need to protect itself from a flood of redirected metal because the U.S. is not an open market anymore, he said.
    ..snip..


    meh.. no specifics on how Canada will retaliate.
    Anyhoo trump declaring a trade war on our closest ally is not very neighborly.


    Really? This is your argument... we shouldn't place tariffs on steel because it isn't neighborly?

    I think protecting American jobs (something the President promised to do) is more important than bending over and taking it from other countries in some half-ass attempt to be neighborly or make them like us.

    So I guess my response to your OP would be that the President has his priorities in order - your OP doesn't.

    The democratic party would be wise to get on the right side of this issue. Sanders almost defeated Mrs. Clinton because of this issue - and if corporate power and influence inside the democratic party continues to corrupt their politicians against working Americans the defeats this party have suffered lately will just be the beginning.
    Last edited by Jeremy; 4th March 2018 at 08:50 AM.

  10. #20
    Junior Member Darkman's Avatar
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    Go pretty boy, go!

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