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Canadian Gov't Takes Another Gamble Imposing 25% Tariffs on $21B of U.S. Goodswww.cnbc.com/2025/03/12/canada-tariffs-steel-aluminum-trump-computers.html
156 sats \ 2 comments \ @Cje95 12 Mar Politics_And_Law
What has to be absolutely the stupidest thing about this is one of the things that they tariffed.... freaking steel and aluminum. Hitting pretty common things that are already expensive to consumers like computers and sports equipment really doesnt bode well for the population not getting upset. The US only tariffed steel and aluminum and the Canadian response has been to also tariff that but to expand it to their voters.... not sure I am seeing the logic here.
@grayruby you have any insight here? I just dont get it lol
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42 sats \ 1 reply \ @grayruby 12 Mar
They have some runway to damage the economy because it is in rough shape anyways so now they can just blame the inevitable recession on tariffs. Fighting back on tariffs is highly popular in Canada. Rightly or wrongly the US is now seen as a bully and Canadians are willing to sacrifice to fight back (at least for now, we will see when they start losing jobs and can't afford to pay their bills- easy to talk tough until it hits your pocket book).
The bank of Canada is likely going to lower rates again today and the previous Liberal party regime was perfectly happy to throw gobs of money around at anything they deemed a crisis or just to make themselves look good. I am not sure if that will change under Carney (one would imagine he would be concerned about the inflationary nature of tariffs coupled with direct payments to consumer but who knows, he also has an election to win and handing out money to fight big meanie Trump is popular).
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0 sats \ 0 replies \ @Cje95 OP 12 Mar
Since most of the tariffs with Canada have already been pulled is it more of a they see the US hit them with tariffs so lets hit them back even though the tariffs were for only steel and aluminum?
In the states right now people are definitely not reading what is being tariffed before complaining. Our steel manufactures have been getting crushed and a Japanese company attempted to buy I think it was US steel before Biden blocked it. We only have I want to say 2 big steel companies... US Steel and Clevland Cliffs so for us to protect ourselfs from imports is big... We hit Japan metals across the board even to try and help these businesses
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