One thing is for sure, we need to respond to this attack and immediately counterveil with a tariff that is punishing to US interests. It is imperative that we do so swiftly to strengthen our bargaining position going into revamping NAFTA. It should a really bad idea to break out the white flag on the first shot or the Americans will end up eating your lunch. They subsidize their economy a thousand different ways. Choose a product that will sting. How about something like light industrial machinery? With our newly negotiated trade treaty with the EU, we can now bring in top quality machinery from Germany and Italy at par with American products. It is doubtful that the Americans can compete with European machines (I buy machinery, periodically and I look at everybody's) as they tend to be clunky and backwards. Anyway, Canadians buy $20 billion of industrial machinery from the US every year. The industrial heartland of America won't notice the softwood lumber fight but they might just notice that.
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