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| 2025-03-05 | 0 |
Based on the trade data, Canada would likely be in a worse position in a trade war with the United States. Here's why:\n\n1. Canada sends approximately 75% of its total exports to the US, while the US only sends about 18% of its exports to Canada. This creates a significant asymmetry in dependency.\n\n2. The US economy (around $27 trillion) is roughly 13 times larger than Canada's economy (about $2.1 trillion), giving the US more cushion to absorb economic shocks.\n\n3. he US typically runs a trade deficit with Canada (approximately $135 billion in goods in 2023), which means Canada sells more to the US than it buys, making Canadian producers more vulnerable to US tariffs.\n\n4. The US has more diversified export markets globally, while Canada is heavily reliant on the US market.\n\nThat said, a trade war would harm both countries:\n\n- Highly integrated supply chains, especially in automotive manufacturing, would be disrupted\n- Border regions in the US would face significant economic impacts\n- US consumers would face higher prices for Canadian goods (energy, raw materials)\n- Specific US industries dependent on Canadian inputs would face challenges\n\nWhile Canada would likely face more severe macroeconomic consequences, a trade war would ultimately be lose-lose, damaging industries and consumers on both sides of the border.
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| 2025-03-05 | 0 |
The real reason US put tariffs on Canada: \n\nCanada has zero nukes- so they have zero deterrence. The USA has 3,748 nukes.
\nCanada has zero aircraft carriers. The USA has 11 nuclear aircraft carriers. The entire rest of the world has 16, but only one is nuclear.
\nCanada has zero destroyers! The USA has 65 Top Tier destroyers.
\nCanada has only 85 operational fighter jets, but they are outdated and scheduled to be replaced. The USA has 2,740 with 786 being the latest Gen.
\nCanada has 82 Leopard 2 tanks and only some are third Gen. The US has 8,100 tanks and they are all third Gen.
\n2.3 million Canadians own 12 million guns, but many are low caliber and low use/capable. Canadians privately hold about 2.3 Billion rounds of ammo, but most is smaller caliber hunting rounds.
\n81 million Americans own about 400 Million guns with extensive capabilities and usability, including permitted full automatic. The storehouse of privately held ammo is massive in the range of 2 to 25 trillion rounds.
\n40% of Americans are raised in a gun culture and develop and hone their weapon use skills for a lifetime. 22% of Canadians have a similar gun culture.
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\nCanada has gotten away with having a weak military and saving enormous costs by not having to produce or buy military equipment. \n\nThe USA has never charged a fee for providing deterrence to potential enemies, and in fact pays Canada on a massive trade deficit instead. Canada exacerbates their precarious situation, by continuing to take guns away from their population.
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| 2025-03-04 | 0 |
Some persons were just talking about their sentiments on their personal point of view but looking at US point of view, know that the US trade deficit (Deficit exists where US import from another nation to US exceeds US export to that nation from US) with Canada exceeded 58 billion dollars in 2024; with Mexico is more than 170 billion dollars in 2024; and with China is more than 295 billions dollars in 2024. In the Philippines, Philippine entrepreneurs and the like who are exporting their products had been enjoying tax incentives (It does mean when exports live the country versus imports being received by the country then) as Philippine export earning is the one making the Philippine economy richer with money gained while import is making the money to go out of the country (going out as cost or expense) then while being revenue of another country (so that the profit of a country which is revenue less the expense is obviously what is the truth about any argument about tariff (which in a way is discriminating the deficit in becoming wider and wider to the pleasure of those who loved imported goods then).
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| 2025-03-04 | 0 |
Canada’s 25% Tariffs? A Win for American Businesses in the Long Run\n\nAt first glance, Canada slapping a 25% tariff on U.S. goods might seem like a negative for America. But in reality, this move could actually work in our favor by making the U.S. economy stronger, more self-sufficient, and less dependent on foreign markets.\n\t1.\tBoosting American Manufacturing & Production – When Canada makes U.S. goods more expensive with tariffs, American businesses have a huge opportunity to shift focus to domestic markets and new trade partners. This could bring more production back home and reduce reliance on Canada.\n\t2.\tEncouraging Trade Diversification – The U.S. isn’t limited to Canada. If they want to play hardball, we can expand exports to other countries with fewer trade restrictions. Canada makes up about 15% of U.S. exports, but the rest of the world is wide open. This is a chance to diversify and strengthen our economy.\n\t3.\tMaking Canada Pay More for U.S. Goods – Tariffs don’t just hurt exporters—they also raise costs for Canadian consumers. If Canada wants American products, they’ll end up paying more or have to settle for alternatives that might be lower quality or more expensive from other countries.\n\t4.\tStrengthening America’s Negotiating Position – If Canada wants to raise tariffs, that gives the U.S. even more leverage in future trade talks. The U.S. economy is far larger and more powerful than Canada’s, and in the long run, they need us more than we need them.\n\t5.\tReducing America’s Trade Deficit – If fewer goods are exported to Canada, that means more products stay in the U.S. This helps lower dependence on foreign markets and could even stabilize prices for American consumers.\n\nBottom Line: Canada’s Move Hurts Them More Than It Hurts the U.S.\n\nIf Canada wants to put tariffs on U.S. goods, let them. In the long run, it pushes America to be more self-reliant, strengthens our industries, and forces Canada to pay the price for their own policies.\n\nAt the end of the day, America has the stronger economy, better resources, and more trade options—Canada needs U.S. trade more than we need theirs. If they want to make American goods more expensive, they’ll feel it a lot more than we will.
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| 2025-03-04 | 0 |
All these years US has a trade deficit of 1 trillion dollars every year. With tariffs we could have recovered 250 billion every year. That is a lot of money. Currently every American owes $110,000 because of the accumulated debt of 36.5 trillion.\n\nJustin, how long are we supposed to bend back wards while US has a trade deficit of trillion dollar over the past 20 years. Why cant to you balance the imports and exports so that you don't have to keep taking advantage of USA. CNN did not see the trade deficit every single year for 20 years? what are they talking about? Our news channels have just become political entities rather than looking for the greater good of the Americans. One is for Republicans and others for Democrats - ridiculous. \n\nCanada and Mexico are saying, please stop tariffs, it is going to hurt America. LOL. No it is not. If tariffs were there in 2024, US would have gotten back 15 billion dollar revenue from Canada and Mexico would have paid 46 billion to USA. All this time, this was affecting only Americans and while you are enjoying not paying for your share, you have made US pay by taking loans to pay for the imports increasing our Debt. Yes it has been hurting America for the past 20 years, otherwise how did we accumulate 36.5 trillion debt.\n\nLike Justin said, if Canada can survive while paying 15 billion to USA, of course USA will do fine while collecting the 15 billion from Canada and 46 billion form Mexico. What do you all think that the public is blind?\n\nTo the American Public: Why would we impose tariffs, if that is going to hurt the US. And why are Canada and Mexico shaking in their boots? It would be naive, if you think it is out of their good heart. It had been hurting US for the past 20 years and they did not care. This time it is going to hurt them so all this fuss. The bottom line is that they don't want to pay all the excess that they have been dumping on us while they were benefiting. USA will use the revenue generated (total around 250 billion for 2025 form tariffs) to reduce our tax, make things more affordable, inject in to our own businesses and generate more employment.
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| 2025-03-04 | 0 |
Trudeau is a joke. While he is pushing his agenda. Fur starters, he fails to mention the trade deficit with the usa. So bottom line while everyone loses, canada loses more. The us can survive a lot easier without canada, while canada will suffer a lot more without the usa.\n\nWhen i bring cheese from the usa to canada, there is a 200% tax on anything above my $20 personal exemption, the save is not the same when bringing dairy to the usa.\n\nIf you want to be treated fairly, treat others fairly.\n\nAfter watching zelensky from Ukraine, Trudeau is pretty stupid if he thinks he will win this one.
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| 2025-03-04 | 0 |
Us trade deficit with Canada is $63 BILLIONS !!!! How is it fair?
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| 2025-03-04 | 0 |
the US didnt launch a trade war you stupid fux.. we have had a trade DEFICIT with Canada and just about every other country for YEARS. Trump wants reciprocal trade. congratulations Mr. Prime Minister you just dug your own grave. Canada cannot survive without the US.
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| 2025-03-04 | 0 |
There's a trade deficit with Canada.....if you actually think US will be worse in the long run compared to Canada, you would not go on TV like this Trudeau. You would just tariff
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| 2025-03-04 | 0 |
From the USA: Why is it right for Canada to tariff us more than we tariff them? Trump pointed out that there was a 200 billion a year tariff deficit for the USA. Some say that number is inflated and the real number is somewhere around the 70 billion mark in Canada's favor. No one disagrees that the US has a huge tariff deficit with Canada. So, the USA is just leveling the playing field. It's time to truly have level trade with the rest of the world, not just Canada. No more free lunch from the US to the world. We want free and fair trade, but for that to happen we must tariff other countries goods at exactly the same level they tariff our goods.
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| 2025-03-04 | 0 |
This is very scary. Again, what Trump is doing makes no sense - there is no economic or political sense to it. So what is he doing it for ?? To reduce our trade deficit? We have a huge deficit with Canada because we import so much oil from them, which our refiners require. On top of that we get Canadian oil for first cheap when compared to the global price mark for oil. This keeps US petroleum prices LOW! So okay if this is the issue, why not just find ways to improve the economics of U.S. oil production instead of smacking all Canadian imports with a 25% hammer ??? He has ulterior motives and it’s to weaken the American spirit and sell what he has on American to Russia. And our Congress isn’t doing anything !!!
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| 2025-03-04 | 0 |
All BS. We are in a trade deficit it with Canada. We haven’t been partners. Our leads in the past have catered and cost Americans future prosperity. Trump is equalizing the trade partnership. Stay out of American politics if you don’t live here, and if you do, try to see the long game! This is for our children, not us!
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| 2025-03-04 | 0 |
Is the world having a problem with the US having a strong leader? I think so! The US is no longer taking your unfairness and your grifter expectations toward us. For example, we do 68% of the monetary support of NATO. Let that sink in. Also, we have billions of dollars of a trade deficit with Canada. These leaders of other countries just can not understand why we will no longer be their piggy bank. In conclusion, my son has lived and traveled in Europe. I learned a lot just from his experiences in general. I love my president, Trump!❤❤❤❤❤❤❤ I have felt blessed to be an American all my life.
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| 2025-03-04 | 0 |
Trump's Import Tariffs Are To Combat a Non-Existing Problem
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\nThe import tariffs that US President Donald Trump has imposed on Mexico, Canada and China are meant to combat a non-existent problem, economics editor Jonathan Witteman recently analysed. Trump sees the structural trade deficit (the difference between the export and import of goods and services) that the United States has with almost all of its trading partners as a sign of weakness. Contrary to almost all political left-wing and also right-wing economists, he believes that a trade deficit is bad for a country's economy and believes that the US is being cheated by countries that export more to the US than they import.
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\n'I have said that the EU must make up for its enormous deficit with the US by purchasing our oil and gas on a large scale. If not, punitive tariffs will follow', Trump said last December, for example, about the trade balance between the US and the European Union.
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\nA connection between a bad economy and having a trade deficit cannot be found, political economy professor Andres Freytag concludes in the analysis. There are many countries in the world, such as Germany, with a trade surplus but a poorly performing economy. The opposite is more likely to be true: in countries with a trade surplus, more people are unemployed. This was shown by the Peterson Institute.
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\nTrump's tariffs are more dangerous for the economy, because they reduce imports and exports, partly because other countries in turn impose punitive tariffs in response. Trump's announced import tariffs during his first term even led to a larger trade deficit and to 7.2 billion dollars in welfare losses in the US.
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| 2025-03-04 | 0 |
Sh-t for brains Trump is using fentanyl as an excuse with Canada for the tariffs. What is really eating at Trump is what Trump calls the “trade deficit” between US & Canada trading which is NOT the fault of Canada but ignorant Trump seems to think it is so he is trying to punish Canada but really punishing the US
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| 2025-03-04 | 0 |
Canada needs the United States more than we need the Canadians. They have a 200 billion trade deficit with the US and just about everything we get from Canada, we can produce right here in our country. Energy, lumber, produce etc.\nThere might be a little discomfort in the beginning but a year from now America will be better off.
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| 2025-03-04 | 0 |
Wow, articulate strong talk, no lies, no propaganda, no bluster, none of the total and complete unrelenting bullshit we have endure on a daily basis from the sociopathic delusional asshole that currently occupies the White House. It should be no surprise that our leadership chooses to blame all of our problems on someone else, because that's exactly what they do every day. We have a drug problem, it's because of Canada and Mexico. We have an immigration problem, likewise Mexico and Canada. We have a deficit problem, that's because of the EU and NATO. Our problem is our government, specifically Republicans who won't accept the simple truth: you want to solve problems you have be disciplined and smart. You have to spend money to fix your problems instead of blaming some else and trying to get them to pay for it. You pay to solve your problems instead of giving huge tax cuts to people who don't need them. You stop lying to your people. You want to change the trade imbalance? Build products that other countries want at a price that makes sense. The EU has no laws that prevent American car manufacturers from selling their cars in Europe. American car companies make shitty cars. They make cars that are too big, that don't make sense for European where streets can be very small and gas is very expensive. The US manufacturers don't make a single small car in thos country that can compete with European cars. US agricultural products are laced with poisonous chemicals that are outlawed in the EU because they kill people. Our governmeent doesn't give a shit about that because to grow healthy food means you have to cut profits, almighty dollars, instead of grow things that the rest of the world will accept. We have an idiot for president who thinks he knows more than anyone else and an idiot party that won't tell him the truth. This is going to cost us big time. We are going into recession, probably a long one because we don't have real leaders and the president on his best day is nothing more than a reality TV personality, and not a very entertaining one at that.
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| 2025-03-04 | 0 |
As far as alcohol exports Canada exports over 600 million dollars to the us while the us exports 255 million to Canada. Both countries lose. But this does highlight the trade deficit between the two countries. 63 billion dollar trade deficit with canada is enormous. I don't know what the solution is, but i know this will be painful for all.
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| 2025-03-04 | 0 |
Canada been mooching off the usa for decades! Maybe Canada should volunteer to drop all the tariffs they have on us if they want to be friends. Why is it ok for them to have tariffs on us but we can't have tariffs on them? Canada started this terrific war years ago and the USA NEVER DEFENDED THEMSELVES! Why do we call them our ally when all they do is take? We have a hundred billion dollar trade deficit with them already. Canada funds their imaginary socialist utopia off the backs of Americans and it's time to stop the bleeding.
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| 2025-03-04 | 0 |
Let me explain the trading relationship briefly that occurs between Canada and the US for context.
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\nCanada Has a LOT of natural resources, more than our domestic manufacturing base needs (Uranium fuel, Lumber/paper products, Steel and other metals, Fertilizer for farms...etc). Therefore we sell those raw materials to the states where they are manufactured into goods, which we then buy back. a LOT of American service companies like tech, media (And yes, even banks)...etc also operates in Canada as well. (For the auto sector the parts flip back and forth across the border like 8 times)
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\nThis relationship alone has the American economy see a large trade surplus with Canada, however there is another element to it: Energy.
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\nCanada is also home to a LARGE amount of really cheap renewable hydro power in the east, and a LOT of oil in the west, due to a lack of infrastructure we really can only sell that oil to the states and therefore it is done at a discount. America refines this cheap oil into gas and is a large part of the reason why American gas is so cheap. They use this energy to power the same factories mentioned above. (Oh and also the NE states import a lot of that clean hydro electricity for the same reasons)
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\nThe US Buys SO MUCH of that cheap energy from us to power your industrial base, that it swings the numbers on the trade balance into a small deficit for the USA. (41 billion out of a TRILLION dollars total trade, or about -4.1% of total trade so literally a pretty small deficit) It also swing back and forth every year so
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\nThen comes Trump. He wants Canada as a 51st state and own the entire continent, therefore he manufactures an excurse that our border is leaky and that migrants and fentanyl are flowing over. (In actual case migrants and the flow of Fent is about 1% the amount that's crossing at the Mexico border but he needs an excuse)
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\nHe therefore puts 25% tariffs on us. Those tariffs will hit Canada harder than the 2008 financial crisis just for scale.
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\nOh and also for the most part American Refineries literally cant process any other oil than ours or Venezuela's because its thicker so tariffs on our oil will also really increase the priced of energy in the states by a huge amount just for the LOLs. As we've seen during the post covid recovery, since gas is priced in to the supply chain at every step (Manufacturing, transportation...etc), any increase at the pump will snowball into higher costs for everything at the store, on top of the extra cost of the tariffs on consumers. (Since every step will need to add it into their markup.)
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| 2025-03-04 | 0 |
The trade deficit is because of crude oil which the US buys cheaper from Canada btw and keeps their economy running. Fentanyl and the trade deficit are no good reasons to begin a trade war with Canada. I am beginning to think that he just wants to please Russia... or he is just dumb.
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| 2025-03-04 | 0 |
The reality is: the US has reached a record high trade deficit with Canada. This deficit has grown steadily since 1976 (today it is just shy of $100 billion - meaning the US purchases $100 billion more worth of goods from Canada than Canada does from the US). The US imposing tariffs on Canada is a tactic to incentivize US companies who import goods from Canada to move manufacturing/production sourcing back to American soil. This promotes investment and expansion into the US economy. It will also incentivize Canada to commit to investing in the US economy. This would be a negotiation move by Trudeau: we (Canada) will commit to purchasing $25 billion (for example) dollars more of goods from the US if you agree to reduce the tariffs you've imposed on us to blank (maybe 5%). This is likely the end goal Trump is aiming for in the long run.
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| 2025-02-03 | 0 |
Trump says EU tariffs will ‘definitely happen’ as Mexico, Canada and China retaliate
\nTrump takes softer line on UK, saying ‘I think that one can be worked out’, while Mexico and Canada vow levies and to strengthen ties with each other
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\nPhilip Wen, Léonie Chao-Fong and agencies
\nMon 3 Feb 2025 03.57 GMT
\nShare
\nDonald Trump has threatened to widen the scope of his trade tariffs, repeating his warning that the European Union – and potentially the UK – will face levies, even as he conceded that Americans could bear some of the economic brunt of a nascent global trade war.
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\nIt comes as Trump’s tariffs on Mexico, Canada and China, announced on Saturday, sparked retaliation from all three countries. Mexico and Canada have vowed levies of their own while China and Canada are seeking legal challenges.
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\nTrump said on Sunday night that new tariffs on the EU will “definitely happen”, repeating previous complaints about the large US trade deficit with the bloc and his desire for Europe to import more American cars and agricultural products.
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\nEmpty shelves remain with signs ''Buy Canadian Instead'' after the top five US liquor brands were removed from sale at a British Columbia liquor store in Vancouver.
\nAsian sharemarkets tumble in response to Trump tariffs
\nRead more
\n“It will definitely happen with the European Union, I can tell you that,” he told reporters. “I wouldn’t say there’s a timeline but it’s going to be pretty soon.”
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\nTrump appeared to take a softer line on the UK, citing a good relationship with prime minister Keir Starmer while saying tariffs still “might happen”. “The UK is out of line but I’m sure that one, I think that one can be worked out,” he said.
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\n“Well Prime Minister Starmer’s been very nice, we’ve had a couple of meetings, we’ve had numerous phone calls, we’re getting along very well, we’ll see whether or not we can balance out our budget.”
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\nIn Canada, the department of finance published a list of US products imported into Canada that it will target with a 25% retaliatory tariff starting on Tuesday.
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\nThe list shows products that will be hit in the first round of retaliatory tariffs by Canada starting on Tuesday, and mounts to $30bn Canadian dollars’ worth of goods (about US$20bn). The impacted products include tobacco, produce, household appliances, firearms and military gear.
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\nCanada is also preparing for a second, broader round of retaliatory tariffs in 21 days that will target an additional C$125bn (US$86bn) worth of US imports. The second list would include passenger vehicles, trucks, steel and aluminum products, certain fruits and vegetables, beef, pork, dairy products and more.
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\nFILES-US-CANADA-MEXICO-CHINA-TRADE-TARIFFS<br>(FILES) US President Donald Trump speaks to the press after signing an executive order in the Oval Office of the White House in Washington, DC on January 31, 2025. Trump is imposing steep tariffs on major US trading partners Canada, Mexico and China, with a lower rate on Canadian energy imports, said the White House on February 1, 2025. Washington will impose a 25 percent levy on imports from Canada and Mexico, with a 10 percent rate on Canadian energy resources, until both work with the United States on drug trafficking and immigration. Goods from China, said the White House, would face 10 percent tariffs. (Photo by Mandel NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images)
\nTop Democrats warn tariffs will hit Americans hard as Trump says it’s ‘worth the price’
\nRead more
\nClaudia Sheinbaum, Mexico’s president, said her government will provide more details on the retaliatory tariffs she ordered on US goods on Monday. Sheinbaum, in a statement on Sunday, said she will announce details on her government’s “plan B” as she insisted that Mexico “doesn’t want confrontation”.
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\n“Problems are not addressed by imposing tariffs, but with talks and dialogue,” she said. “Sovereignty is not negotiable: coordination yes, subordination no.”
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\n'Coordination yes, subordination no': Mexican president responds to Trump's tariffs – video
\nSheinbaum and Canadian prime minister Justin Trudeau spoke by phone on Saturday after Trump’s administration imposed the new tariffs – 25% on goods from Canada and Mexico, with a lower rate of 10% for Canadian oil, and 10% on imports from China.
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\nTrudeau’s office said in a statement that Canada and Mexico agreed “to enhance the strong bilateral relations” between their countries. Canadian officials have had extensive dialogue with their Mexican counterparts, but a senior Canadian official said he would not go as far as to say the tariff responses were coordinated.
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\n“Now is the time to choose products made right here in Canada,” Trudeau posted Sunday on X. “Check the labels. Let’s do our part. Wherever we can, choose Canada.”
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\nTrump acknowledged the sweeping tariffs he has imposed on Mexico, Canada and China may cause “short term” pain for Americans as global markets reflected concerns the levies could undermine growth and reignite inflation. Asian markets, cryptocurrencies and US and European stock futures slumped in early Asian trading on Monday.
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\n“We may have short term some little pain, and people understand that. But long term, the United States has been ripped off by virtually every country in the world,” he said. day, Trudeau said: “We’re certainly not looking to escalate, but we will stand up for Canada.” However on Sunday evening, a senior government official from Canada briefing reporters in Ottowa on condition of anonymity said: “We will obviously pursue the legal recourse that we believe we have through the agreements that we share with the United States.”
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\nThe official said the Canadian government considered the move by Trump illegal and said it violates the trade commitments between the two countries under their free trade agreement and under the World Trade Organization.
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\n“If other legal avenues are available to us, they will be considered as well,” the official said.
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\nCanada is the largest export market for 36 states, and Mexico is the largest trading partner of the US.
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\nCanada and Mexico ordered the tariffs despite Trump’s further threat to increase the duties charged if retaliatory levies are placed on US goods.
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\nChina also said it would file a lawsuit against the tariffs. The imposition of tariffs by the US “seriously violates” World Trade Organization (WTO) rules, China’s commerce ministry said in a statement, urging the US to “engage in frank dialogue and strengthen cooperation”.
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\nFiling a lawsuit with the WTO would be a largely symbolic move that Beijing has also taken against tariffs on Chinese-made electric vehicles by the EU.
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\nThe commerce ministry also said the tariffs were “not only unhelpful in solving the US’s own problems, but also undermine normal economic and trade cooperation”. China has said it would take countermeasures to “safeguard its own rights and interests”. It is not clear exactly what form these will take yet. But for weeks Chinese foreign ministry spokesperson Mao Ning has said Beijing believes there is no winner in a trade war.
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\nLate Sunday night, Trump said he would speak with Trudeau on Monday morning and shortly after said he would speak with Mexico as well, although he did not specify that he would speak with Sheinbaum.
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\nBeyond the official response, people were already thinking of ways to cope with Trump’s decision, including by sharing suggestions on social media for alternatives to US products.
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\nCanadian hockey fans booed the US national anthem on Saturday night at two National Hockey League games. The booing continued on Sunday at an NBA game in Toronto where the Raptors played the Los Angeles Clippers.
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\nFrom left to right, Toronto Raptors forwards Bruce Brown, Scottie Barnes and Chris Boucher react as fans boo the United States national anthem before NBA basketball game action against the Los Angeles Clippers in Toronto, Sunday, Feb. 2, 2025. (Frank Gunn/The Canadian Press via AP)
\nToronto Raptors fans boo US national anthem after Donald Trump tariffs
\nRead more
\nOne fan at the Raptors game chose to sit during the anthem while wearing a Canada hat. Joseph Chua, who works as an importer, said he expects to feel the tariffs “pretty directly”. “I’ve always stood during both anthems. I’ve taken my hat off to show respect to the American national anthem, but today we’re feeling a little bitter about things,” he said, adding that he will start to avoid buying US products.
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\nIn the streets, people in Mexico were trying to absorb the announcement on Sunday, although some in the capital acknowledged that they were unaware of the measures.
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\nIn the border city of Mexicali, across from Calexico, California, some people were concerned about the wider implications of a trade war.
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\nDriver Alejandro Acosta says that he crosses the border weekly in his truck to deliver vegetables to US companies. He said he fears US businesses in the Mexicali Valley will no longer want to operate in Mexico and they will move to the US.
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\n“If they raise taxes on the factories here, jobs may also decrease,” he said.
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| 2025-02-02 | 0 |
With reciprocal tariffs of 25%, the US is the winner, having a trade deficit of about 55 billion dollars in 2024 with Canada. That is, exports of Canadian products to the US are significantly higher than imports of US products to Canada.
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| 2025-02-02 | 0 |
The US has been running a trade deficit with Mexico, China, and Canada for almost two decades now—Canada only makes up 6% of all US imports while the US makes up 63% of all Canadian imports.\n\nCanada will have to find more trade partners besides the US if it doesn't want its consumers paying 25% more for US goods, most of which are mechanical machinery, automotive parts and vehicles, minerals, medical equipment, energy products, and consumer goods.
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| 2025-02-01 | 0 |
Yeap I buy absolutely nothing from Canada I can’t get from somewhere else. It’s about time we stop adhering to unbalanced trade agreements with our so called friends and if they rather take advantage of us rather than make a more fair deal then let’s do it. Let’s see if we really need Canadian goods to survive so bad we need to trade and a deficit. But no being mad if we find out we don’t need you at all.
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| 2025-02-01 | 0 |
US-Canada Trade Balance\nThe US has a trade deficit with Canada. In 2024, the US imported $377.24 billion worth of goods from Canada, while exporting $322.24 billion worth of goods. This resulted in a trade deficit of $54.99 billion.\n\nUS-Mexico Trade Balance\nSimilarly, the US also has a trade deficit with Mexico. In 2024, the US imported $412.34 billion worth of goods from Mexico, while exporting $346.78 billion worth of goods. This resulted in a trade deficit of $65.56 billion.\n\nExpect those figures to increase by about 25% in the next year or so.
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| 2025-02-01 | 0 |
If the US has a trade deficit with Canada of 200 billion, America has nothing to lose if it completely shuts down trade all together, the alternative is for Canada to set up shop in America.
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