How should Canada respond to USA protectionism and tariffs? \ stacker news ~econ

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How should Canada respond to USA protectionism and tariffs?

686 sats \ 12 comments \ @HardMoney 8h econ

Some of my thoughts:

build pipelines north, east, and west. National emergency and expedite development to reach global markets
eliminate inter-provincial trade restrictions
capitulate with USA demands and fortify border / crackdown on fentanyl related crime

64 sats \ 0 replies \ @justin_shocknet 4h

The 4th or 5th largest state doesn't have the resources to be self-sustaining, not while maintaining a decent standard of living for its people anyway... it's ascension into the US is inevitable.

Tariffs are just the tip of the iceberg, Trump hasn't even mentioned Five-Eyes and countless other welfare programs yet... we're still slow-walking.

It took till today for him to mention Banking in Canada... drip drip

119 sats \ 2 replies \ @Undisciplined 8h

Radically deregulate the economy, including your second bullet point. If that leads to extra pipelines, great.

39 sats \ 1 reply \ @HardMoney OP 7h

Should have added:

Pivot away from pandering globalist climate change and woke bullshit and focus on developing the nations greatest assets - natural resources

Canada should be as rich as middle eastern countries if it could get out of its own way.

Ironically this tariff crises might be the kick in its ass that was needed to make the left realize how vulnerable we are when we don’t develop energy access to trade globally

19 sats \ 0 replies \ @Undisciplined 7h

Absolutely.

I edited out a comment about exploring statehood, that was predicated on there being no reason that Canada shouldn't be much more prosperous than it is.

9 sats \ 0 replies \ @rebel_nomad 7h

Lemme see, they will probably offer all their citizens suicide by government?

9 sats \ 2 replies \ @Satosora 7h

Is what trump is asking for unreasonable?

9 sats \ 1 reply \ @HardMoney OP 7h

He has some valid points but a lot of it is changing goal posts and lacking context.

More can definitely be done on crime and fentanyl.

The trade deficit is driven by us selling oil to you at a major discount to global prices. This benefits America greatly as you get to refine it and capture all the margin when either exporting the refined product or even selling it back to us.

Remove energy and it’s a trade surplus.

If Canada was smart we’d have other options to sell our oil outside of the USA and therefore won’t need to accept a perpetual discount on our prices. This is 100% due to woke retardation and anti development policies in the name of climate change that has left us vulnerable to only having one option.

Out of anything the biggest driver is a personal issue he has with Trudeau but the result is punishing the entire nation as well as components of the American economy that have benefit from trade.

0 sats \ 0 replies \ @Scroogey 4h

Since Trump will likely exclude oil from his import tariffs, you should introduce export tariffs on oil. Help him balance the trade deficit until he's had enough help.

1 sat \ 0 replies \ @Wetoshi 5h

Bend the knee.

0 sats \ 0 replies \ @030e0dca83 5h

Seems like Trump asked about something behind the curtain, and they refused. Mexico decided to help with border problem and tarrifs lifted down. If Canada won't give US their "maple syrup" we'll witness new episode of great movie

0 sats \ 1 reply \ @siggy47 6h

Banish Trudeau to the upper Yukon territory with a solemn promise that he is never heard from again? It might work.

41 sats \ 0 replies \ @HardMoney OP 6h

To some extent I think Trudeau and the libs are wanting to escalate this trade war for political gain