this post was submitted on 03 Mar 2025
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Canada
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Just so I'm clear, if/when Trump imposes tariffs on Canadian goods entering the US, Canada plans reciprocate with equal Teriffs on US goods entering Canada?
I/we know and understand that teriffs are basically an import tax, paid to the government by the companies which are bringing the product in, and generally that cost is passed down to consumers in the form of a higher price tag on goods.
Is the end goal here is to bolster our own economy by making US goods prohibitively expensive for Canadian citizens to buy, in turn making Canadians more likely to purchase Canadian goods (which is what we are trying to do anyway)?
What is stopping this from hurting out economy the same way it will likely hurt the US economy?
I feel like I need a stronger understanding of the situation.
Canadian tariffs are targeted in a number of ways. One of the ways is targeting American goods that have Canadian alternatives. So the goal is to make American products less attractive by making them more expensive, damaging the US economy while bolstering our own.
There aren't really winners in trade wars but the goal is to minimize our pain while maximizing theirs.
Thank you for the response! I haven't seen a lot of specifics about the Canadian tariffs, but maybe I just haven't been looking in the right places. It makes a lot of sense to target particular items which have Canadian alternatives, and to put pressure on Red states as u/IslandLife mentioned below.
Edit: I was wondering why the word "Teriff" didn't look right. Apparently my phone decided that was the proper way to spell Tariff.
You can find a general list of the types of products covered by the initial $30B tariffs here. There's a very detailed list released by the government here.
I don't think they've released the details of the second wave of tariffs (~$155B) yet.
Fantastic, thanks again! Looks like I've got some reading to do.