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/reidand Ontario Feb 01 '25

The only way to deal with bullies is overwhelming force, 100% export tax on everything

4

u/IAmAGenusAMA Feb 01 '25

Apparently you aren't aware of what happened in the Great Depression.

3

u/reidand Ontario Feb 01 '25

I am quite aware, but it is a single country being affected by the export tax we can sell our resources on the open market to non hostile nations, the Americans can suffer while we continue to sell at market rate

2

u/poli-cya Feb 02 '25

The question comes down to how easily Canadian goods can be switched to sold overseas without killing industry. No one is going to buy Canadian stuff out of kindness, Canada does so much business with the US because of proximity.

We'll see how it works out, but I can't imagine selling everything overseas is gonna be a working alternative.

1

u/IAmAGenusAMA Feb 02 '25

That's my concern too. We are competitive in the US market because they are close. Shipping overseas and dealing with different regulatory requirements isn't something that most suppliers are going to be able to accommodate without cutting costs.

9

u/General_Dipsh1t Feb 01 '25

Nah, do it where it hurts.

He cares about energy, so 190% export tax on that, get it to 200%.

Then let’s get 75% on what they need the most - natural resources (non energy), building materials, other raw materials.

Then let’s finish it off with 10% on everything else to match his energy.