733
Trudeau announces 25 per cent retaliatory tariffs on U.S. goods starting Tuesday
(toronto.citynews.ca)
Hopefully this trade war doesn't devolve into an actual war....
this post was submitted on 02 Feb 2025
733 points (99.5% liked)
News
24288 readers
5080 users here now
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
founded 2 years ago
MODERATORS
Possibly why he decided not to tax energy.
Ah, so America will hardly notice.
load more comments
(1 replies)
load more comments
(2 replies)
Why does this say 25 per cent instead of 25 percent?
That's just how it's spelled in some places, namely large parts of Canada. Which is likely where this article is from considering the website has Toronto in the name and is talking about the prime minister of Canada.
25 per hundred. 25/100. 25 per centum.
It means you pay 2500 on the dollar. Get tariffed bitch
load more comments
(1 replies)
As an American, I'm rooting for Canada.
But this all feels very by design of Putin to fracture US alliances.
both Canadian and American retirement portfolios will suffer. i don't know why anyone would root for such a thing at all
Trump started it, now is not the time to think how this is bad. You need to choose a side and act accordingly with countermeasures, which will likely escalate further.
I’m so upset at my Canadian family members who supported Trump.
I got an uncle who was constantly saying he supports trump cause he’ll “run the country the country like a business” - i don’t think either trump or him actually understand business all that well.
I hope Canadian-European relations get stronger, and hopefully Canadian-American relations will be rebuilt once this fucker is gone
The "run government like a business" crowd gets to me. I'd like to see business run like a government. Owned and controlled by the workers.
It's one of the dumbest perspectives I've heard that continues to irk me. Why the fuck would you want something that's supposed to do X to do Y instead?
My mum last night on text.
"We’ll see what shithead Trump retaliates with tomorrow. The only way to stop the maniac is with a bullet!"
"Have you noticed how shithead has not left the White House since he was sworn in?"
"Trudeau is doing a great job!" (Referring to the presser)
I'm glad I don't have your family OP
Edit - for the kids out there my mum is 74. She's a baby boomer. Some of them are good people. They are not well off. I told my parents with the tariffs coming if they find themselves struggling to let me know because I will help in any way I can.
“Have you noticed how shithead has not left the White House since he was sworn in?”
I guess she hasn't noticed shithead was back on the golf course a week after he was sworn in.
Cut her some slack she's 74 lol
I appreciate your mom. My old man is a crass Appalachian boomer and speaks in a similar tone and diction with respect to Trump.
Does your uncle realize trump was able to bankrupt a casino? Where they can can almost literally print money. And not just one, but three of them. This man is literally one of the most inept businessmen I have ever seen.
3 casinos. Trump bankrupted 3 casinos.
That's the fallacy that I thought was learned back with Ross Perot. You don't run a country like a business. It's a government.
I'm pretty sure that people who say they want to "run the country like a business" just think it sounds good but haven't put 2 braincells worth of thought into it. Businesses exist to make money. Government exists to serve citizens.
Do you want firefighters showing up to your burning house and asking for a credit card before they put out the fire? Or maybe have the post office decide that it's not profitable enough to service entire states? The whole idea is moronic.
And it's dumb, because, in the end, where is all that profit supposed to go?
The answer obviously is, to improve the country and the quality of life of its citizens, so we're back to square one anyway
Also the USPS is too busy delivering papers full of ads and junk mail, rather than investigating mail theft.
I mean, America already charge their citizens for healthcare, so they're not that far off from your hypothetical
load more comments
(2 replies)
load more comments
(9 replies)
load more comments
(10 replies)
Now that is a leader! His comments underline the senselessness of these tariffs:
“If President Trump wants to usher in a new ‘golden age’ for the United States, the better path is to partner with Canada not to punish us. Canada has the ingredients necessary to build a booming and secure partnership for the North American economy and we stand at the ready to work together.”
“We will stand strong for Canada. We will stand strong to ensure our countries continue to be the best neighbours in the world.”
How could you not ask for a better friend even when you're (US) being an asshole?
Stupid Flanders!
I wouldn't be surprised if people voted for drump because he's like Homer Simpson (except he's not loyal to his wife)
load more comments
(2 replies)
The Trump administration says it put the tariffs in place to force China, Mexico and Canada to stop the spread and manufacturing of fentanyl, in addition to pressuring Canada and Mexico to limit any illegal immigration into the United States.
Can anyone else see any actual logic to this? Do the Trump Republicans really believe this, or are they just saying it? What do they really want to achieve, apart from Trump being able to see himself as a tough guy?
There's no logic to it at all. It's absolutely not about that.
Almost no fentanyl is getting into the US from Canada. A vanishingly small amount of illegal immigration occurs through the Canadian border.
It's just fascism and imperialism.
The majority of fentanyl being smuggled into America is being smuggled in by American citizens. It's not like cocaine or cannabis. You can smuggle a huge amount of fentanyl in a tiny bottle. Why risk sending it with an undocumented person?
load more comments
(1 replies)
Saw a policy expert say it's a mixture of 3 things really:
- Trump likes to blame outsiders for problems and this is well received by his loyal base and gives off strongman vibes
- long term plan to switch from income tax (scales the more you earn) to consumption taxes (the poorer you are the more you pay for for consumption, relatively speaking) which benefits the rich at the expense of the poor. this wealth transfer is easier to sell when the populace is focused on outsiders
- Trump doesn't understand basic economics
source: https://youtu.be/2I1L1fXaYDs
Lol on the switch from income tax. I haven't heard a peep about that since before the election. Everything is just going to cost more now and I'm still going to be paying income taxes.
load more comments
(1 replies)
load more comments
(7 replies)
load more comments
(16 replies)
Wouldn’t a subsidy or tax incentive for things produced domestically be a more beneficial way to combat tariffs?
How so? These would increase demand for things produced in Canada, not really harm America. These are retaliatory tariffs, so the latter is the point here.
load more comments
(4 replies)