alt Hacker NewsYes but since Canada is also initiating new tariffs (they've had existing ones for specific products and industries already) so anything said here applies to Canada as well.
For example Canadian tariffs increase prices and their retaliatory tariffs also reduce demand for Canadian products leading to job losses.
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They are willing to bear some pain in order to hit back at the US administration. And they're pretty united - Doug Ford for instance is not on the same team as Mark Carney - but has been very vocal about striking back.
It's really a singular achievement to piss off such a good neighbor so badly.
> anything said here applies to Canada as well.
Correct. But Canada didn't start this trade war, all it can do is respond to it.
And the correct way to respond to a bully, fraud, and liar is tit-for-tat. Tax his exports, tax your irreplaceable exports. Tax and block his digital and media services.
Yup! Just like a game of chicken that goes a little too far.