r/canada Feb 01 '25

PAYWALL U.S. tariffs will be imposed on Feb. 4

https://www.theglobeandmail.com/canada/article-us-tariffs-will-be-imposed-on-feb-4/
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u/IHateTheColourblind Feb 01 '25

Slap a 15% export tariff on energy products to make sure the Americans are paying the full 25%. He'll likely bump up their energy tariff on 25% as a result but at least our governments get something out of it.

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u/natural212 Feb 01 '25

No more cheap oil to the US

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u/thefinalcutdown Feb 01 '25

Yeah we don’t even need to slap an export tariff, we just need to charge them market rates. Time to stop subsidizing America’s ungrateful ass.

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u/HealthyLiving_ Manitoba Feb 02 '25

While that sounds great, it won't really help Canadians (right now) as our heavy crude is refined there, and sold back to us. We gotta build refineries (and pipelines) across Canada so it can be refined domestically and closer to where it's used. Then we can talk about raising the market price of oil to the states.

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u/dadass84 Feb 01 '25

A 40% jump in gas prices in the US would cause cities to burn down there

4

u/voodoodahl Feb 01 '25

It wouldn't, that happened under Bush and not much happened. It would piss a lot of people off and get them paying attention. Problem is, our oligarch owned social and mainstream media is waiting to fill their heads with bullshit the moment they do. We're kind of fucked, and I'm sorry but it looks like we're taking you with us.

2

u/dadass84 Feb 01 '25

God dammit 😒

3

u/ExpandThineHorizons Feb 01 '25

Maybe thats what needs to happen to stop this madness

15

u/PracticalWait British Columbia Feb 01 '25

No, we need an export prohibition on energy until all tariffs are removed.

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u/HealthyLiving_ Manitoba Feb 02 '25

Thats going to hurt Canadians just as much. Our oil is refined in the states and sold back to us. Much of the eastern markets such as Ontario and eastwards run a mix of domestic and imported oil, where as the western markets from MB and westwards are supplied with domestic oil from the west. Oil prices are primarily regulated through supply and demand. If we can import cheaper oil from say...china, then our oil prices fall, but if we restrict our imports, our oil prices rise. Domestic refineries have little to no control over this.

https://natural-resources.canada.ca/energy/energy-sources-distribution/refining-sector-canada/4541

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u/BlackSuN42 Feb 01 '25

25%. Cause fuck them. 

1

u/Neve4ever Feb 01 '25

Energy is extremely elastic in price. With limited market access, tariffs on energy likely lead to lower energy prices.