Trump slaps 50% tariffs on Canada and Carney vows to 'intensify' trade talks
www.bbc.com
The duties mark a major escalation in trade tensions between the North American neighbours.

These tariffs have been introduced under Section 338 of the 1930 Tariff Act, which covers trade discrimination rather than national emergencies (the mechanism used for the previous tariffs which the Supreme Court struck down recently).

  • partial_accumen@lemmy.world
    16·
    4 days ago

    In his first term trump himself signed the USMCA ensuring tariff free trade between the three countries. Yet this is yet another violation of his own promise to our ally nations and our closest neighbors. It should be no surprise to anyone that trumps promise is worth nothing. Were I in other countries positions, I’d write internal (and public) legislation saying that agreements with the USA under trump are all in bad faith and that the home country has no obligation to uphold its own side. Then I’d sign anything trump wants to get what I need for my nation, and ignore any obligations under the agreement to the USA. Its what the USA does under trump. Educated the trump administration on “Treat others as you want to be treated”.

    However, several key exports will be spared, such as energy, potash, critical minerals and fish.

    Well it sounds like Canada knows where to apply the Canadian side tariffs then. 10,000% tariff on critical minerals sounds like a good start for Canada to recoup some of their tariff losses to trump’s idiocy.

    • gaiussabinus@lemmy.world
      7·
      4 days ago

      Name checks out. Tarrifs are a tax on Canadians. Surcharge energy potash and critical minerals so that the outgoing goods are matched with the same price across the board exclusively to the us, no carve outs.

      • SaveTheTuaHawk@lemmy.ca
        2·
        3 days ago

        He has a point about the alcohol. We should put it back on shelves. At this point, no one will buy it. I’m even avoiding US soda companies.

        • SaveTheTuaHawk@lemmy.ca
          1·
          3 days ago

          That will just start bombing. Carney is blowing hundreds of billions of defence, which will all be useless.

      • rbos@lemmy.ca
        2·
        4 days ago

        Maybe a cap on exports to the USA. Set it just above the current amount and force them to negotiate if they want it increased.

    • HubertManne@piefed.socialEnglish
      3·
      4 days ago

      sorry funny he is shitting over his own hallmark deal from his first term. The current president sure does think the person holding the office two terms ago was a massive moron.