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9 sats \ 2 replies \ @Satosora 10h \ on: How should Canada respond to USA protectionism and tariffs? econ
Is what trump is asking for unreasonable?
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.
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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.
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