this post was submitted on 04 Mar 2025
867 points (99.4% liked)

World News

41802 readers
5339 users here now

A community for discussing events around the World

Rules:

Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News [email protected]

Politics [email protected]

World Politics [email protected]


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 2 years ago
MODERATORS
 

Summary

Canadian Prime Minister Justin Trudeau announced retaliatory tariffs after Donald Trump confirmed 25% tariffs on Canadian goods and 10% on energy, set to take effect at 12:01 a.m. Tuesday.

Trump justified the move by linking it to fentanyl smuggling concerns.

Trudeau called the tariffs "unjustified" and imposed 25% tariffs on $155 billion in U.S. goods, with $30 billion effective immediately and the rest in 21 days.

He warned of price hikes and job losses in the U.S., arguing the move violates Trump’s own trade agreement from his last term.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 4 points 20 hours ago (1 children)

Not an economic, but everything is entangled

Say you have two products: one from USA ($110) and the same from Canada ($100). Now we impose a tariff of 25 pct on the Canadian product ($125).

This means that consumers are going to buy the cheaper product, resulting in less income for the Canadian manufacturer.

The USA manufacturer can increase the price to $120, and still be cheaper than their Canadian counterpart. All while prices for customers are increasing

[–] [email protected] 4 points 20 hours ago (1 children)

The USA manufacturer can increase the price to $120, and still be cheaper than their Canadian counterpart.

Unless there is no USA manufacturer, or there is but they don't make nearly enough of the product to satisfy demand. More importantly, if the manufacturers we (USA) have buy much of the needed raw materials to make their products from Canada or other places with tariffs imposed, then a USA-made product becomes that much more expensive.

It's stupid, and hard on everyone but the blame is entirely on trump. Canada (and hopefully Mexico) imposing retaliatory tariffs is basically the only way to get trump to back down. Like with MAD (mutually assured destruction), the assured part has to be there or it doesn't work. Even though it causes pain to everyone, retaliation is the most effective way to end this madness sooner--it will hurt the US economy, raise prices, and turn trump's supporters against him. The more it hurts, the sooner people will be out in the streets.

[–] [email protected] 2 points 11 hours ago (2 children)

turn trump's supporters against him

Other than this, I believe you are totally correct. After everything that's happened in the past 13 years, what makes you think this will change anyone's mind?

A scapegoat(s) will be found, and Trump will make himself out to be the victim. As sure as the sun rises in the east, this will happen. I do not believe his cultists can ever be turned.

[–] [email protected] 1 points 3 hours ago* (last edited 3 hours ago)
[–] [email protected] 4 points 10 hours ago

You may be right, it's certainly been that way so far. It's amazing how they never blame him for anything. But also, so far they've never experienced real negative consequences from his actions either, other than maybe a few small things they could easily dismiss as not related to trump (even if obvious to others). So we'll see what happens when they and their friends and families start feeling some real pain. Obviously some still won't be hurt much and some will never be able to admit trump screwed them no matter what, but others have already realized it and more of them will 'find out' as things keep getting worse for them.