Summary

In a virtual speech at the World Economic Forum, Trump suggested Canada could become a U.S. state to avoid his proposed tariffs on imports.

The remark elicited gasps from the audience.

Trump claimed the U.S. does not need Canadian lumber, energy, or vehicles, vastly overstating the trade deficit between the two nations.

He reiterated his intention to impose tariffs, potentially as high as 25%, on imports from Canada and Mexico starting February 1.

Economists warn such tariffs would raise prices for U.S. consumers.

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[–] ikidd@lemmy.world 3 points 1 day ago (1 children)

Canada will absorb most of the extra cost if we want to sell product to the US.

[–] Spacehooks@reddthat.com 4 points 21 hours ago (1 children)

Will it though. Seems like Mexico will build the wall talk.

[–] ikidd@lemmy.world 1 points 16 hours ago (1 children)

Honestly, the only way to keep that cost in the US is to mandate that anyone selling across border has a price set as of the day of the tariffs. If they sell under that price, they get export tariffed for the difference. Then at least there's a chance that the tariff burden will be passed on to the US consumers and maybe they'll do something.

But we don't have anything in place to make something like that happen at this point, and even if we did, I doubt we have the political will to shelter Canadians that way. Sure as fuck Polievre won't do any such thing.

[–] Spacehooks@reddthat.com 1 points 13 hours ago

Maybe someone whipping up a plan. Would be nice to only see one party victimized by this bs.