Trump threatens immediate 25% tariffs on Canada

[‘Bob’]

TDS alive and well.

The tariff threat is an opening position to secure a better deal for the US. That's his job. And hopefully he snap a other countries to action, particularly our own which is extremely derelict in achieving or producing anything and meeting our commitments to our allies and our citizens.

When we get a new government next year we will reset the relationship with Trump and the US and find a new direction. We are going to get back to the real priorities of Canadian families, toss all this woke nonsense and steer back onto the track of just how great this country can be.

Haha. TRUDEAU Derangement Syndrome is alive and well.

Yeah.. I can’t wait for a dollar back in the toilet again, legislated back to work, TFWs, a roller coaster oil economy, borrow and spend, and for us to follow the US into more jingoistic invasions the blowback of which literally had our last PM hiding in a closet. Borrow and spend? WTF do you think is happening now after the deficit was finally reduced to near zero after 20 years of more disciplined management to make up for the last group of incompetents who saddled us with massive debt and high taxes.

Do people even think before they come to conclusions. The oil industry is around 10% of our GDP. When Harper was in power, our dollar was actually above the US dollar now. We have unions representing a thousandth of the population that literally try to cause massive damage to the economy a with port strikes, and they criticize someone for running into a closet when there is a guy with a gun trying to kill him as if this idiot Bob would have been confronting a shooter with his bare hands(and the leader always does get special protection, whether it is Trudeau, Trump, or Harper).

You represent so much of the destructive culture of this country with your lack of rational thought capability.

To be honest, its pathetic. The arguments are pathetic and laced with outright lies.

A full 25% was wiped off our dollar when oil crashed in 2014. But not before the high dollar you mentioned infected the country with Dutch Disease and chased away most of the manufacturing in our country.

The only way the deficit was eliminated was good old conservative trickery of selling assets and raiding bank accounts. In Harper’s case selling GM stock (paid for with previous debt) at a loss and raiding EI coffers.

Just imagine if you sold a truck you owed $60,000 for $40,000 and put your savings into your chequing account. Your bank balance would look good for day to day but you’d actually be poorer.

It’s not that Liberals are any better. It’s just that, somehow, people think the Conservatives are.

[rookiepilot]

A full 25% was wiped off our dollar when oil crashed in 2014.

Just imagine if you sold a truck you owed $60,000 for $40,000 and put your savings into your chequing account. Your bank balance would look good for day to day but you’d actually be poorer.

EVERYTHING is HARPERS Fault!

[khedrei]

And when it comes to defense, the Americans need us...

I'm still laughing out loud Bob. Please, give us some more.

[Squaretail]

And when it comes to defense, the Americans need us...

I'm still laughing out loud Bob. Please, give us some more.

I hate to tell you this, but they do. Canada being a stable country saves the US a ton of money, and while they defend us to a good degree, that's also because we provide a ton of buffer space that any possible conflict will happen over. All of Canadian infrastructure is basically a defense network that we maintain at zero cost to the US taxpayer. On top of that, Canada is also a politically safe source of a ton of resources (oil among them) that the US gets cheap. In spite of the fact that every Republican president likes to use as a source of ginning up votes. I mean think about dairy. If the US negotiates to sell 100% more cheese here, its peanuts. The Canadian market is smaller than California. Suddenly our oil will become "dirty", the cows will be mad, and lumber will become unfair.

Americans get a good deal from Canada existing for the most part. Just like they actually get a pretty good deal with Mexico existing.

[kgb531]

Our dollar being at par was horrible for the country.
The halfwit thinks, I can buy things cheaper though.
Meanwhile every single export commodity is priced in USD and manufacturing, oil, potash, uranium, lumber, wheat producers take a shit-kicking.
If you don't understand simple economics, perhaps refrain from commenting.

TDS alive and well.

The tariff threat is an opening position to secure a better deal for the US. That's his job. And hopefully he snap a other countries to action, particularly our own which is extremely derelict in achieving or producing anything and meeting our commitments to our allies and our citizens.

When we get a new government next year we will reset the relationship with Trump and the US and find a new direction. We are going to get back to the real priorities of Canadian families, toss all this woke nonsense and steer back onto the track of just how great this country can be.

Haha. TRUDEAU Derangement Syndrome is alive and well.

Yeah.. I can’t wait for a dollar back in the toilet again, legislated back to work, TFWs, a roller coaster oil economy, borrow and spend, and for us to follow the US into more jingoistic invasions the blowback of which literally had our last PM hiding in a closet. Borrow and spend? WTF do you think is happening now after the deficit was finally reduced to near zero after 20 years of more disciplined management to make up for the last group of incompetents who saddled us with massive debt and high taxes.

Do people even think before they come to conclusions. The oil industry is around 10% of our GDP. When Harper was in power, our dollar was actually above the US dollar now. We have unions representing a thousandth of the population that literally try to cause massive damage to the economy a with port strikes, and they criticize someone for running into a closet when there is a guy with a gun trying to kill him as if this idiot Bob would have been confronting a shooter with his bare hands(and the leader always does get special protection, whether it is Trudeau, Trump, or Harper).

You represent so much of the destructive culture of this country with your lack of rational thought capability.

To be honest, its pathetic. The arguments are pathetic and laced with outright lies.

[khedrei]

And when it comes to defense, the Americans need us...

I'm still laughing out loud Bob. Please, give us some more.

I hate to tell you this, but they do. Canada being a stable country saves the US a ton of money, and while they defend us to a good degree, that's also because we provide a ton of buffer space that any possible conflict will happen over. All of Canadian infrastructure is basically a defense network that we maintain at zero cost to the US taxpayer. On top of that, Canada is also a politically safe source of a ton of resources (oil among them) that the US gets cheap. In spite of the fact that every Republican president likes to use as a source of ginning up votes. I mean think about dairy. If the US negotiates to sell 100% more cheese here, its peanuts. The Canadian market is smaller than California. Suddenly our oil will become "dirty", the cows will be mad, and lumber will become unfair.

Americans get a good deal from Canada existing for the most part. Just like they actually get a pretty good deal with Mexico existing.

This is great. Keep the comedy coming.

The fact that the Americans get a good deal from us is much different than the claim that they need us MORE than we need them.

The US is about as self sustaining a nation as it gets. If ties were cut between us, things would be tougher and worse on both sides. But it would be clearly more worse for one of us. Hint... it isn't them

Also, one of our militaries is about as pathetic as it gets for a rich nation. Hint 2... it isn't theirs.

[‘Bob’]

Nothing says “self sufficient” like a 67 billion dollar trade imbalance.

[SpyPilot]

C-46 thread: The Best of AvCanada.
Trump thread: The Worst.

[oldncold]

jan 20 trump takes office. Jan 21 25 percent tarriffs. Team canada fails. Feb Justin goes for walk in the snow. Resigns , Freeland takes over. Election fall 2025. Conservative Landslide . Sound familiar. 1984. Yup

Reduce the national net debt and the economy will thrive. Dollar will climb and in flation will stay under control. As commodities like gas oil , food , and housing materials are all$$ usd based.

[khedrei]

Nothing says “self sufficient” like a 67 billion dollar trade imbalance.

A trade deficit means nothing if countries stop trading with each other and start producing everything they need in house (which seems to be happening more today than it used to). And there is no country in the world better situated to do that than the US.

You can hate them all you want. I'm sure they are happy we are here, but it doesn't mean they need us.

[lownslow]

Have high import tariffs ever been beneficial to a country? I can think of a couple examples where they went poorly.

[BigQ]

An increased tariff and lowered income tax and lowered energy cost US economy is a recipe for long-term massive growth in the US economy. Canadians would do well to accept it, or we will see our dollar at half-parity by 2030.

Did you know you can invest in US dollar denominated stocks, etfs, and bonds, within your RRSPs? A very good way to hedge against a joke of a Liberal government and an even bigger joke of a Conservative party poised to take over.

[cdnavater]

An increased tariff and lowered income tax and lowered energy cost US economy is a recipe for long-term massive growth in the US economy. Canadians would do well to accept it, or we will see our dollar at half-parity by 2030.

Did you know you can invest in US dollar denominated stocks, etfs, and bonds, within your RRSPs? A very good way to hedge against a joke of a Liberal government and an even bigger joke of a Conservative party poised to take over.

Just curious, since Canada is their number 1 supplier of imported “energy”, how do you propose they lower their energy costs with a 25% tariff?

[Inverted2]

jan 20 trump takes office. Jan 21 25 percent tarriffs. Team canada fails. Feb Justin goes for walk in the snow. Resigns , Freeland takes over. Election fall 2025. Conservative Landslide . Sound familiar. 1984. Yup

Reduce the national net debt and the economy will thrive. Dollar will climb and in flation will stay under control. As commodities like gas oil , food , and housing materials are all$$ usd based.

I’d prefer he goes back country snowboarding in BC.

[pelmet]

Haha. TRUDEAU Derangement Syndrome is alive and well.

Yeah.. I can’t wait for a dollar back in the toilet again, legislated back to work, TFWs, a roller coaster oil economy, borrow and spend, and for us to follow the US into more jingoistic invasions the blowback of which literally had our last PM hiding in a closet. Borrow and spend? WTF do you think is happening now after the deficit was finally reduced to near zero after 20 years of more disciplined management to make up for the last group of incompetents who saddled us with massive debt and high taxes.

Do people even think before they come to conclusions. The oil industry is around 10% of our GDP. When Harper was in power, our dollar was actually above the US dollar now. We have unions representing a thousandth of the population that literally try to cause massive damage to the economy a with port strikes, and they criticize someone for running into a closet when there is a guy with a gun trying to kill him as if this idiot Bob would have been confronting a shooter with his bare hands(and the leader always does get special protection, whether it is Trudeau, Trump, or Harper).

You represent so much of the destructive culture of this country with your lack of rational thought capability.

To be honest, its pathetic. The arguments are pathetic and laced with outright lies.

A full 25% was wiped off our dollar when oil crashed in 2014. But not before the high dollar you mentioned infected the country with Dutch Disease and chased away most of the manufacturing in our country.

The reason the manufacturing industry left(mostly Ontario) is because the many of the same incompetents that you voted multiple times in the federal government were the ones that raised energy costs in Ontario with their stupid green ideas. Now they are trying to do the same to Canada as a whole.

Read here about why manufacturing left Ontario.

https://www.fraserinstitute.org/sites/d ... sector.pdf

[BigQ]

An increased tariff and lowered income tax and lowered energy cost US economy is a recipe for long-term massive growth in the US economy. Canadians would do well to accept it, or we will see our dollar at half-parity by 2030.

Did you know you can invest in US dollar denominated stocks, etfs, and bonds, within your RRSPs? A very good way to hedge against a joke of a Liberal government and an even bigger joke of a Conservative party poised to take over.

Just curious, since Canada is their number 1 supplier of imported “energy”, how do you propose they lower their energy costs with a 25% tariff?

Any chance you've overflown the vast fracking fields in United States in the past 30 years?

[cdnavater]

An increased tariff and lowered income tax and lowered energy cost US economy is a recipe for long-term massive growth in the US economy. Canadians would do well to accept it, or we will see our dollar at half-parity by 2030.

Did you know you can invest in US dollar denominated stocks, etfs, and bonds, within your RRSPs? A very good way to hedge against a joke of a Liberal government and an even bigger joke of a Conservative party poised to take over.

Just curious, since Canada is their number 1 supplier of imported “energy”, how do you propose they lower their energy costs with a 25% tariff?

Any chance you've overflown the vast fracking fields in United States in the past 30 years?

Clearly you didn’t read the reports or the experts on tariffs, let’s say for the sake of argument that the 25% makes fracking their own supply cheaper, guess what happens! The companies fracking take advantage of the higher priced Canadian oil and jack up their prices, no lower energy prices.
How do you propose they lower the taxes, 36.5 trillion in debt, 107,000 per individual, versus Canada about 29,000, I only see taxes will need to go up but hell, what’s a few trillion extra dollars of debt why bother pay that down at this point!

[BigQ]

So... You forgot about the cheap oil in other parts of the world, huh?

OPEC+ keeps on cutting supply to prop-up the market. But Saudi Arabia produces oil at $8/barrel. There are plenty of other places. Besides, Alberta oil is heavier and needs to be mixed with light sweet crude... Which comes out of the Bakken, Nigeria, and the Middle-Eastern Sand Patch.

If the US keeps their interest rates high, OPEC+ countries will need to start pumping more oil in order to get more USDs to pay back USD-denominated bond payments. They have been countering the drop in worldwide demand with their cash, gold, and forex reserves. But as the US economy rebounds here in the coming 6 months, OPEC will need to increase their production to prop-up their currencies. Thereby further lowering the world market prices.

The world is scrambling to prepare for an American Economic Boom, Globalists are selling assets at a loss in order to prop up the derivatives market, and you're blackpilling?

[BigQ]

Also, friend, you really should ignore any headlines that use the following format: "XXXXXXXXX, experts say".

It's all media bullshit.

[Bingo Fuel]

The reason the manufacturing industry left(mostly Ontario) is because the many of the same incompetents that you voted multiple times in the federal government were the ones that raised energy costs in Ontario with their stupid green ideas. Now they are trying to do the same to Canada as a whole.

Read here about why manufacturing left Ontario.

https://www.fraserinstitute.org/sites/d ... sector.pdf

Solar and wind are the cheapest power source per kWH, but the Fraser Institute won't tell you that. They're busy taking money from Exxon Mobil, and companies owned by the Koch brothers. And Trudeau? He bought a pipeline, and subsidized oil and gas 18.5 billion dollars in 2023. Seems like he's getting a pretty poor return on his investment.

Jobs? If Trump get his way Canadian manufacturing will be decimated as those jobs go to America. Canadians will be poorer, and paying more for the same goods. Trudeau is ineffectual, and Poilievre can get away with blaming Trudeau for his first term while accomplishing nothing. Axing the Tax will have a negligible impact on prices.

Doug Ford certainly hasn't made things better in the six years he's been in power. He spent 231 million dollars cancelling green energy projects in 2018-2019. When the provincial liberals cancelled gas plants, and incurred a penalty of 230 million, it was a scandal. The conservatives cancel energy projects? Crickets.

Poilievre wants to build nuclear, the most expensive power source, and it takes forever to build. Plus he wants to invest in expensive direct air carbon capture, which only helps oil companies produce more, and does nothing for emissions at the point of combustion.

Just wait, things are going to get a lot more expensive for us over the next 10 years.

[cdnavater]

Also, friend, you really should ignore any headlines that use the following format: "XXXXXXXXX, experts say".

It's all media bullshit.

I don’t know if the tax foundation could be considered media bullshit, for what it’s worth I didn’t post anything from mainstream media or even the fringe media(which I never read)
https://taxfoundation.org/blog/trump-ta ... t-economy/

“That brings us to Trump’s proposals. A dozen macroeconomic estimates have taken different approaches to analyzing Trump’s proposed tariffs, from estimating the fall in aggregate demand arising from the tax hikes to using various trade models to our work at Tax Foundation estimating the effects of the tax increase on labor. All studies consistently find that Trump’s proposed tariffs would have a negative impact on the United States economy.“

Estimator. Tariff Policy. Change in Real GDP

Tax Foundation 10% Universal -0.5%

American Action Forum 10% Universal -0.16% GDP; -0.31% with retaliation

UBS Wealth Management 10% Universal Cumulative -1.0% to -1.5% over 3 years with retaliation

Peterson Institute for International Economics 10% Universal 10-year range, -0.36% (high) to -0.07% (final year); -0.88% to -0.24% with retaliation

Moody’s 10% Universal -1.04%, -2.82%, -3.45%, and -3.61% in years 2025-2028, with simulated retaliation

Euromonitor 10% Universal -0.5% in 2025, -0.9% in 2026, with retaliation (derived from growth rate projections)
IMF 10% Universal -0.4% to -0.6%, persisting at -0.4% with retaliation

Peterson Institute for International Economics 60% China 10-year range, -0.19% (high) to -0.12% (final year); -0.43% to -0.21% with retaliation

Tax Foundation 10% Universal, 60% China -0.8%, -1.2% with retaliation

Capital Economics 10% Universal, 60% China Up to -1.5%

RBC 10% Universal, 60% China -1.5% after 2 years

The Budget Lab 10% Universal, 60% China -0.5%; -0.64% with retaliation

EY 10% Universal, 60% China -1.18% in 2025 and -2.34% in 2026 with retaliation (derived from growth rate projections)

Tax Foundation 20% Universal, 60% China -1.3%, -1.7% with partial retaliation

The Budget Lab 20% Universal, 60% China -0.64%; -0.95% with retaliation

The Budget Lab 20% Universal, 60% China, Additional Mexico -1.15%; -1.43% with retaliation

Fitch Aggressive US Tariff Scenario -0.4% to -0.8%; up to -1.1% with retaliation

[pelmet]

Solar and wind are the cheapest power source per kWH, but the Fraser Institute won't tell you that. They're busy taking money from Exxon Mobil, and companies owned by the Koch brothers.

Unfortunately, supporters of foolish ideas endlessly post intentionally misleading info.

Unreliable power doesn't work well for manufacturing industries.

Here is what happened in Germany just this month....

https://oilprice.com/Latest-Energy-News ... Surge.html


Meanwhile...

"The promise was sweet: Germany's transition towards a low-carbon society would cost the average household no more than €1 ($1.1) per month, "the price of a scoop of ice cream," as Jürgen Trittin, then minister for the environment, put it in 2004.Since 2000, German households have seen their electricity bills double. With 30 cents per KWh, prices in 2017 were almost twice as high as in France, and 40 percent higher than the EU average.
That is largely due to generous subsidies for producers of renewable energy, from home owners with solar panels on their rooftops, to operators of wind farms and biomass plants."

https://www.dw.com/en/german-issues-in- ... a-38869543

Going green will put you in the poorhouse. Oh and guess what? Your tax dollars also go to third world countries that mostly hate you and say that you are not paying them enough.

Vote in a new government and end the stupidity.

[shamrock104]

Sock boy is down there now sorting it all out.

[mantogasrsrwy]

The art of the deal. Trump knows what tarrifs would do to US inflation. He is useing the threat of tarrifs to squeeze our weak PM into getting what he and millions of Canadian's also want.

[kevind]

https://www.youtube.com/watch?v=uhiCFdWeQfA