> This was totally the right move, if for no other reason than it's the only thing that this US admin will respect in the long run.
Unfortunately, Canada (where I live) will feel way more pain from this than the US. I am not sure Trump will have respect for this at all, but the alternative was to put in a permanent trade deal that significant disadvantaged Canada.
There is also the factor that Canada has been propping up unsustainable dead end industries on a massive scale for years, and that this will make any pain from such a situation, deal or no deal, that much worse.
Most obviously Southern Ontario is living in a dreamland where inexplicably ICE autos remain a viable industry ad infinitum.
Some forced reality, by any means, will in the long run prove to be welcome.
As a Canadian, I am willing to suffer if it means long term benefits.
Carney is very popular for a reason.
You can't respect someone who doesn't respect their self. It's a mistake to attribute personality features to countries, but not to their leaders.
Similarly, people who don't have self-respect don't respect others.
I think you're right that this will be more painful for Canada, economically, but I'm not so sure about "way more". But politically, it will be much more painful for the US side of the negotiation than for the Canadian side. The Carney administration is on much firmer political ground than the Trump administration. Time is on Carney's side.
> Unfortunately, Canada (where I live) will feel way more pain from this than the US. I am not sure Trump will have respect for this at all, but the alternative was to put in a permanent trade deal that significant disadvantaged Canada.
It's unfortunate and in some ways unfair. I hope the Canadian economy will move towards more open trade partners and will proposer.
The thing that I really struggle to understand is what the grand vision behind this is. A logical consequence of the tariffs is that Canada, Europe and other American allies focus more on those who are willing to trade with them, including China.
If I put a 2/3y contract in place with an American supplier, there's a fair chance that I might have to deal with 10-50% tariffs at some point during the contract. This does make (long)-term business deals with the US risky.
Perhaps, but Canada will emerge stronger. The US doing to flip Congress by a margin of 2 and just lock in Trump insanity until something really bad pops.
I know that this is insanely complex with everybody protecting their own economies, but I think this is where middle powers working together more strongly could help. Imagine that Canada, the EU, and Britain worked together as an economic NATO, where a tariff attack on one is a tariff attack on all. It would hurt the US much more to bully one of these economies.