The Canadian government's fiscal year is April 1 to March 31.
The Tarriff Hype.
- Thread starter petros
- Start date
I guess what Canadians can do is raise the price of what Americans want from Canada, more than they did before, plus 25%, and if Americans want to buy from home, let them do that. What creates a problem for the USA is they have to produce it, at home, at a price that they can then sell it, at the cheap price that they all expect.
…& the retaliatory tariffs, while parliament is on hold through proroguation, have been called by the lame duck “supposedly outgoing” yet still PM in a minority gov’t situation without (I’m assuming) consulting with the opposition parties who currently represent the majority of Canadians.
(He’s “committed to resigning” at a future date based off of the Liberal Party selection process for Leadership candidates, which isn’t resigning)
Ugh…here we go. Mr. Trudeau said Canada in response will impose 25 per cent tariffs on $155-billion of American imports, starting with $30-billion of goods on Feb. 4 and $125-billion 21 days later. Feb. 4 is the day U.S. tariffs hit Canadian products. America is (population wise) the dog and Canada is the tail. The tail doesn’t wag the dog.
Further, Trudeau said Canada is considering “non-tariff measures” on exports including critical minerals, energy and government procurement. “We will stand strong for Canada,” Mr. Trudeau told reporters in Ottawa…probably not while boxing up his personal possessions at the Prime Ministerial Cottage.
The executive order signed by Mr. Trump threatens further escalation if Canada retaliates, setting the stage for an economically dangerous trade war between two of the wealthiest countries on earth, while striking away the free movement of goods that has for decades underpinned commerce in North America.
Trump: China, Canada, Mexico Can't Escape Tariffs
President Donald #Trump said he would impose #tariffs on a wide range of imports, including oil and metals, in the coming months, expanding his plans to enac...
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Canada hits back against Trump tariffs — The Globe and Mail
Trudeau announces 25 per cent staggered tariffs against billions in U.S. goods after Trump’s executive order targeting Canadian exports, energy
(In the retaliatory clause, the order says the U.S. “may increase or expand in scope the duties” if Canada levies import duties or similar measures against U.S. goods)
(This is ‘before’ the US election & Trumps tariff announcement now that he’s in power)
He has not threatened Australia with tariffs yet…just say’n…back in October, Sheinbaum proposed the strength of the treaty, of the USMCA," responded the president of Mexico, Claudia Sheinbaum, in her morning press conference on Thursday in Mexico City, to a question from a reporter.
Sheinbaum has been in office as president of Mexico for less than 20 days. In the previous government, international media mentioned that Mexico was interested in joining the BRICS. “Our interest is to strengthen the trade agreement with the United States and Canada (USMCA) (...) There is a lot of interest in investing in Mexico and, regardless of the election in the United States, whether Donald Trump or Vice President Kamala Harris is president, this commercial relationship will continue,” she said. Another newbie…
From months ago…Considering both nations’ relationships with the USA currently, it is unlikely that Canada and Mexico would join BRICS to rid US Dollar. The greenback’s dominance over the world was challenged last year, in part due to internal factors and regulation in the US, as well as inflation.
While BRICS has aspirations to dump the US Dollar altogether for a BRICS global currency alternative and local currency, neither Mexico nor Canada appears interested. Both countries would have access to large markets and bargaining power in international affairs.
However, as mentioned previously, both Mexico and Canada have ties to the US. Hence, they will very unlikely join BRICS in 2024 to get rid of the US Dollar…& this was before Feb 1st, 2025.
BRICS already has the majority of the global GDP behind it. G7 and US is aboot 10 points behind.
EU, G7 and Pacific partners need a single currency just to stay in existence.
EU, G7 and Pacific partners need a single currency just to stay in existence.
Single currency with whom? The US? Mexico? The US & Mexico? The US is tariffing Canadian & Mexican goods supposedly as of today (yesterday actually) for the privilege of being physically connected to the US and thus naturally America’s largest trading partners. Would that be in our (or Mexico’s) best interests at this point?
Mexico vows retaliation to Trump tariffs without detailing targets — Reuters
Mexican President Claudia Sheinbaum on Saturday ordered retaliatory tariffs in response to the U.S. decision to slap [USN:L1N3OS02C TEXT:"25% tariffs"] on all goods coming from Mexico, as a trade war broke out between the two neighbors.
Is America right now, with this current ‘Trumpian’ behaviour, a wagon we want to hitch ourselves to further than we already are?
Canada will always only be physically connected to just that one nation to the south of us, but could something like the BRICS be a way to divest ourselves (and our currency) away from being further under Donald Trumps threats and manipulation? If not BRICS then the EU or something else, or both or whatever?
(China said in a statement that it was strongly dissatisfied with the levies and "firmly opposes" them. The 10% tax will be added over and above tariffs already imposed on China by Trump in his first term and by President Joe Biden)
Could Mexico & Canada bypass the US to some degree, increasing trade with each other, minimizing (it’ll never be eliminated) the effects of an America run by someone like Trump?
To beat BRICS its going to take everybody not BRICS having a single currency.The USD is dieing. A currency not USD will have to be created.Single currency with whom? The US? Mexico? The US & Mexico? The US is tariffing Canadian & Mexican goods supposedly as of today (yesterday actually) for the privilege of being physically connected to the US and thus naturally America’s largest trading partners. Would that be in our (or Mexico’s) best interests at this point?
{What would be on the dollar (?) or Americano (?) or North American Peso or whatever? George Washington? A Mayan Pyramid? A semi-polite Beaver? A Bald Eagle? The McDonald’s Golden Arches?}
Mexico vows retaliation to Trump tariffs without detailing targets — Reuters
Mexican President Claudia Sheinbaum on Saturday ordered retaliatory tariffs in response to the U.S. decision to slap [USN:L1N3OS02C TEXT:"25% tariffs"] on all goods coming from Mexico, as a trade war broke out between the two neighbors.apple.news
Is America right now, with this current ‘Trumpian’ behaviour, a wagon we want to hitch ourselves to further than we already are?
Canada will always only be physically connected to just that one nation to the south of us, but could something like the BRICS be a way to divest ourselves (and our currency) away from being further under Donald Trumps threats and manipulation? If not BRICS then the EU or something else, or both or whatever?
(China said in a statement that it was strongly dissatisfied with the levies and "firmly opposes" them. The 10% tax will be added over and above tariffs already imposed on China by Trump in his first term and by President Joe Biden)
Could Mexico & Canada bypass the US to some degree, increasing trade with each other, minimizing (it’ll never be eliminated) the effects of an America run by someone like Trump?
Gold didnt go up to an all time high, the USD is falling to an all time low and CAD PESO Euro Yen etc are all going along for the ride to hell.
Historically, Gold reached an all time high of 2817.12 in January of 2025. $4096.80 CAD
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If America (via Trump) is attacking Mexico & Canada…more so that China that’s the ‘C’ in BRICS…is affiliating ourselves with the BRICS & EU (& Mexico and Canada more closely with each other) part of the solution to divesting at least partially away from the US?
Does that currency have to involve the US while it’s behaving like it currently is? Does having a common currency with others excluding the US help buffer against the next time the US behaves like this?
Good times. China is likely breathing a sigh of relief. Policymakers in Beijing have to be wondering how it happened that the United States tariffed its allies at 25 percent and its greatest economic challenger at 10 percent.
Of course, the 10 percent comes on top of the already existing tariffs in several sectors, but it still means that most goods from Mexico and Canada will face a steeper fine than those from China.
China’s economy is less dependent on trade than Canada and Mexico—and only 15 percent of its exports go to the United States, compared to nearly 80 percent for Washington’s neighbors.
We still have until Tuesday. Nobody is going to stop buying commodities. That shit gets ordered months and years in advance and sometimes exclusive. Theyll be dropped before Canada or US economy is impacted.
Are we anywhere near the threat that Mexico is? Mexican labour is cheaper than Chinese. China has been taking advantage of that and so has US manufacturing specifically auto industry.
As usual Liberals have driven down the dollar to keep Ontario auto manufacturing and parts alive which is making other products too cheap. Its not our commodities that are the bee in Grumpy Trumpy's bonnet, its the auto industry.
This trade battle with Canads is as old as we are and especially under Trudeau the elder. North American autos are garbage. If it werent for trucks manufacturers would have all died decades ago because of higher quality imports. Now China is in the game and dominating EVs globally.
The bargaining with Trump is the auto issue. Hes mentioned that issue consistently.
China has been moving on Trumps threats in ways that do impact BRICS.
G7 in June is when the dust will settle.
Are we anywhere near the threat that Mexico is? Mexican labour is cheaper than Chinese. China has been taking advantage of that and so has US manufacturing specifically auto industry.
As usual Liberals have driven down the dollar to keep Ontario auto manufacturing and parts alive which is making other products too cheap. Its not our commodities that are the bee in Grumpy Trumpy's bonnet, its the auto industry.
This trade battle with Canads is as old as we are and especially under Trudeau the elder. North American autos are garbage. If it werent for trucks manufacturers would have all died decades ago because of higher quality imports. Now China is in the game and dominating EVs globally.
The bargaining with Trump is the auto issue. Hes mentioned that issue consistently.
China has been moving on Trumps threats in ways that do impact BRICS.
G7 in June is when the dust will settle.
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In response to Trudeau's counter tariffs..
Canadians won't be able to afford the shit paper to wipe your ass when Trudeau is done with Canada.
Canadians won't be able to afford the shit paper to wipe your ass when Trudeau is done with Canada.
This is the beginning of the acquisition of Canada
Trump did say he would take Canada by economically crushing it... and he will.
Trump did say he would take Canada by economically crushing it... and he will.
Guess the Liberal race is over, Private Citizen Mark Carney (Trudeau 2.0) has weighed in.
USA Fix the border, Canadians yeah but Mexico is far worse..
