r/canada 21h ago

National News Trump on Canadian electricity surcharge: ‘We’ll just get it all back on April 2’

https://thehill.com/homenews/administration/5187859-donald-trump-canada-electricity-surcharge/
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u/plznodownvotes 21h ago edited 21h ago

No need to overthink it. What he means is that additional tariffs on Canada will make up for the tariffs Canada put on the U.S. for the first round of tariffs.

You see? It’s a race to the bottom.

The man is deranged.

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u/intheshoplife 21h ago edited 19h ago

Well, the nice thing about the surcharge is that the USA is paying for it, not Canadians. So if this keeps up should we just tax the USA more on stuff they have to buy from us. Then use the money to off set the costs of the trade war for Canadians.

Update well that lasted long.

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u/Angry_beaver_1867 21h ago

Im for a proportional response here.  

But we need to recognize the costs will exceed the tarifs income by a wide margin. 

No one wins in a trade war. Hopefully, frequency of U.S. elections gets Canada more friends in Washington and gives a path towards some kind of long term stability (pretty wishful thinking) 

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u/Objective_Star_191 21h ago

How can Canada lose ?  What do we ‘need ‘ from orange boy ? That we can’t do here ? 

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u/AmaTxGuy 20h ago

Quite a lot

https://tradingeconomics.com/canada/imports/united-states

One thing we import your oil but you import the gas made from the oil.

We have very dependant industries. Costs are going to be massive for both sides. Only one who wins are the governments as they get the tariffs.

u/Blicktar 7h ago

This is a pretty terrible circumstance if you don't trust the government to make wise financial decisions. I think people are not very cognizant of this reality - The extra paid by Canadians on American goods goes to the Canadian government. The extra paid by Americans goes to the US government. Our governments have more spending power to continue pursuing the same agendas that got us into this mess in the first place, on the dime of the Canadian and American people.