- cross-posted to:
- news@lemmy.world
- cross-posted to:
- news@lemmy.world
CTV News’ chief political correspondent Vassy Kapelos says Canada was notified this morning by the U.S. that China, Mexico and Canada will be subject to tariffs: 25 per cent across the board with the exception of energy, which will be 10 per cent.
It would take effect on Tuesday and would be in place until the fentanyl overdose issue is sorted.
Minister of Intergovernmental Affairs Dominic LeBlanc and Prime Minister Justin Trudeau will announce a Canadian response at 6 p.m. ET tonight.
A senior government source tells CTV News that Ottawa is expecting something formal at 2 p.m. EST. Cabinet is set to meet at 3 p.m. EST.
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It would take effect on Tuesday and would be in place until the fentanyl overdose issue is sorted.
Any retaliatory tariffs by Canada should be in place until the guns coming from the US issue is sorted.
I’ve said this elsewhere, but the fent thing is bullshit. Trump is using a 1977 law called the International Emergency Economic Powers Act to enforce these tariffs without going through congress. In order to do that he has to be applying them for the purpose of addressing a specific state of emergency. That’s why they keep talking about fent and migrants; it’s a figleaf to let them end run around congress because they don’t have the votes.
Look at thumbnail he doesn’t glance at the shit he signs. Money on him not being in control. He got dementia and they are just promoting him up. I mean man doesn’t read to begin with.
If Trump’s problem is with fentanyl, why didn’t he tariff fentanyl?
/s
If he wanted to stop fentanyl, maybe going after online sellers, shipping the precursors and equipment for next to nothing, might be a better idea…
Buuuuuut…that would make sense. So clearly not going to be happening…
The fentanyl thing is the manufactured crisis he needs to circumvent CUSMA without congressional approval. What’s really in his heart I couldn’t say, but we could end the cross border drug trade entirely and it wouldn’t change anything.
Nice to see I’m not the only person pointing this out. Yeah, he needs to invoke the IEEPA in order to be allowed to impose tariffs by executive order.
I suspect he wants a renegotiation of “the best trade deal ever”. If I’m not mistaken, the earliest he can pull out is when they meet in July ‘26 with a 6 month notice. This coincides with Midterms where tariffs could have electoral consequences.
What he wants is autarky.
Trump has always had this really skewed understanding of business and trade where he sees everything as a zero-sum game (whatever someone else gains, you must be losing). This, combined with his middle school understanding of economics, causes him to see trade deficits as fundamentally negative, as if they somehow represent money that the country is losing.
This just isn’t how reality works. I could look at the balance of trade between me and my grocery store and it would be 100% negative, but I’m still getting food in return for the money I spend. The question is “Am I getting good value for money, and am I spending within my means?” Trade deficits haven’t really mattered since we all moved off of precious metal backed currencies.
Trump doesn’t get that, so he thinks it’s somehow important for the US to at least run a surplus with all their trade partners, or better yet simply not trade at all and keep the entire economy 100% self contained.
Also, on a more personal level, he just wants trade wars because they make him feel good. He’s a deeply insecure man and slapping tariffs on other countries feels big and muscular, like he’s swinging punches but with money. That’s why his tariffs are always blanket, never precisely targeted.
That’s why NAFTA got renamed to the USMCA; a new name that put America first made Trump feel like he was getting a win.
Because Drug Fraud screamed about how much he’d lose in profits.
/s
until the fentanyl uverdose issue is sorted
Ah yes, make our international relationship dependent on some nebulous, unachievable standard that you just pulled out of your ass. Make us think we’ve been the shitty trade partner and give us the cold shoulder until we prove how much we really want this.
Trump is coming up with excuses after the fact and trying to blame us for his own toxic behaviour. Textbook abuser nonsense.
The fent issue is there so he can skip Congress on it.
Can we invite the Canadians to come burn the White House again?
No. Please tend do your own bitterly divided house first.
We’re not here to do your dirty work, we just help you in your time of need, like letting you land your planes in our country and housing your travellers when terrorists blow up your building and cause your airspace to be shut down.
You know. The kind of actions that earn you tariffs.
Some of us tried. I just hope that when it does crash, It doesn’t take the Great White North with it. I am on the west coast, maybe we can join Canada while the fascist idiots aren’t looking.
You guys will need to clean the orange shit stain from it before I’ll touch it with a 1000km pole. That’s toxic fascist shit.
I would like to apologize to my Canadian friends, some of us are trying to stop this. I hope you guys can get through this okay. The America I grew up in seems to have spun so wildly off the rails, that I now consider us a wrecking ball to the rest of the free world.
You kind of have been for quite a while, this is just the first time the damage has been big and close enough for the rubble to fall back on yourselves.
I support this plan
Honestly, we should probably burn it down ourselves. … … … In Minecraft if course
I’d sure love to see how this will improve the cost of living in the US…
Who am I kidding? It’s not like Trump has a track record of lying and taking people what they want to hear to get them to support him, then immediately stab them in the back.
What we should do imho, as a country, is launch a massive marketing campaign on all major networks in the US and tell people that the financial pain they’re now feeling is all the fault of DC and get them to pursue their representatives to get Trump to undo this madness. It’ll prove far more effective than retaliatory tariffs, because most folks in the US simply aren’t aware of what the government is doing.
list all the every day things the US imports from canada and mexico, or better yet… say if it doesn’t have an made in the US sticker it probably came from canada, mexico, or china
follow up with the fact that trump has added tariffs which directly increase those prices by up to 25%
so if you notice prices going up, you know who’s pocketing your money
