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dutchbookmaker | 1 year ago

It is also through the exchange rates.

USD to CAD has front ran a lot of this already. 1.45 is crazy.

The idea Canada can so easily re-route trade is absurd. Especially when the trade is going to be settled in USD.

I have been trying to understand the point of all this and come up empty this morning. I would have to assume it is for enormous leverage in the trade deal that ultimately ends all this. The leverage this gives the US in a trade deal, especially with Canada is pretty incredible.

25% is just so insane that it probably does cause Mexico and Canada to concede to whatever Trump wants in a trade deal and in short order. I think this is why Trump won't even take a call from Trudeau right now. It is a leverage tactic and then when they do talk what leverage does Trudeau have? Basically zero.

discuss

order

nightowl_games|1 year ago

Yes, the USA has massive leverage over Canada on basically every front. We are a small child standing next to a massive person with a gun. But what is the point of destroying us?

Our economy is already down. All of our tech elite move to Silicon Valley. Our energy infrastructure cant get off the ground. The USA dictates so much of what Canada is able to do.

What is the point of squeezing us more? We have so little we can offer you.

We've already given you the lives of our soldiers as we follow you into pointless wars. What more do you want? The pennies in our pockets?

ModernMech|1 year ago

> What more do you want? The pennies in our pockets?

Pretty much yeah. US wants to tax you, subject you to their religious laws, and take your oil. What are you willing to do about it?

aborsy|1 year ago

I blame Canadian leadership. There should have understood the risk long ago. There are other problems as well due to weak management.

The claim about drugs is a legal justification for the use of emergency power. Canada isn’t causing problems for US. These tariffs are harmful and unfair to Canada.

It makes you wonder what “ally” means with US.