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31 sats \ 2 replies \ @HardMoney OP 31 Jan \ parent \ on: Does Trump have a strategy with these tariffs or is he just YOLOing econ
Yea the one on Canada specifically seems contradictory. In some cases he references fentanyl as the cause (although it seems statistically the north border has a fraction of issues vs south) and makes it seem like “if you fix this it goes away”. But then separately will reference trade deficit figures that are kind of moronic to use since the trade deficit is mainly driven by oil and gas being sold to USA at a steep discount to global prices which benefits the country.
I think it’s rather dumb to use net deficits or surpluses without applying context as a way to evaluate a trade relationship.
Agreed it’s a tool for leverage tho
As long as the liberals are in charge Canada is not a friendly neighbor
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Agreed liberals are terrible. However there’s potentially a lot of ramifications of escalating and ignoring trade agreements prev negotiated by the last trump admin. Discredits the ability to rely on terms
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