Canada authorized $3.2 Billion in Retaliation Against US Tariffs

[mentalfloss]

First Boeing gets destroyed by Bombardier and now this.

These truly are tariffs of love.



Take that, Trump: The WTO can authorize Canada to hit U.S. with $3.2 billion in trade retaliation

Canada would be entitled to trade retaliation measures of US$3.2 billion if U.S. President Donald Trump’s proposed tariffs on steel and aluminum are found to have violated World Trade Organization rules, according to a report from the Washington-based Peterson Institute for International Economics.

Relying on data from the Trump administration’s own models, the report found that Canada would endure the toughest trade losses under the tariffs. Of a total US$14.2 billion in losses imposed on partners, the European Union would take the next largest hit at US$2.6 billion followed by South Korea and Mexico at around US$1 billion each, according to Chad Bown, senior fellow at the institute and author of the report.

China – targeted by Trump as the main culprit in flooding the world with steel and aluminum – would suffer only US$689 million in estimated trade losses, according to the report.


Take that, Trump: The WTO can authorize Canada to hit U.S. with $3.2 billion in trade retaliation | Financial Post

 

[DaSleeper]

Why did the Pakistani cross the road? Because the American government was subsidizing the construction of mango harvesting and preservation infrastructure in the region on the other side, allowing farmers with the necessary means to develop strong ties to American markets and earn significant profits.

 

[mentalfloss]

 

[petros]

Why did the Pakistani cross the road? Because the American government was subsidizing the construction of mango harvesting and preservation infrastructure in the region on the other side, allowing farmers with the necessary means to develop strong ties to American markets and earn significant profits.

Fruits and nuts for a Merry Christmas.

 

[Hoid]

The American trade deficit with Canada is $3.6 billion.

The American trade deficit with China is $36 billion.

Trump's first year in office sets record for trade deficit.

By next year as the tax cut fuels US demand and that demand is supplied via imports the US trade deficit will climb to levels never even imagined before - because America First is an illusion

 

[DaSleeper]

Waldo to flossy's recue....ROFLMAO

Women in Washington DC were asked if they would have sex with the President. 86% of those responding said, ''Not again.''

 

[mentalfloss]

Interesting how a self-professed conservative defends deficits and debt.

At this point, you might as well proclaim that the budget will balance itself.

 

[DaSleeper]

Q: What do you call a basement full of Liberals?

A: A whine cellar.

 

[mentalfloss]

Are you a liberal?