(Bloomberg) -- Supply Lines is a daily newsletter that tracks global trade. Sign up here.Most Read from BloombergNJ College to Merge With State School After Financial StressTrump Administration Plans to Eliminate Dozens of Housing OfficesWhere New York City's Zoning Reform Will Add HousingBuffalo’s Billion-Dollar Freeway Fix Is on Ice, But Not Because of TrumpInside the ‘Not Architecture’ of High Line Designers Diller Scofidio + RenfroCanada will keep in place its retaliatory tariffs against US-

Canada will keep in place its retaliatory tariffs against US-made products as long as President Donald Trump persists with a trade war, said Mark Carney, the Canadian prime minister-designate.

  • Gloomy@mander.xyzEnglish
    4·
    4 days ago

    But everybody said about Trumps tariffs, that the American people will have to pay them. Can somebody explain why Canada keeping the Tariffs is good then? Aren’t it the Canadian people paying for them?

    Honest question btw, I’m not trying to be snarky. I’m just a bit slow sometimes.

    Edit: Thanks for the explanations, I think I have a better understanding now. Tariffs hurt the consumer and the foreign industrie, but Canadians are rdy to pay that price for their sovereignity.

    • neograymatter@lemmynsfw.comEnglish
      11·
      4 days ago

      The Canadian Tariffs are targeted at certain goods that Canada knows it can ramp up production internally, or source from Europe/Asia. they are not broad tariffs on everything. It will cost some some, but there has been alot of thought to maximize pressure on American business while minimizing pressure on Canadian consumer.

    • darcmage@lemmy.dbzer0.comEnglish
      9·
      4 days ago

      I don’t think they’re saying it’s good economics and yes, for the most part, we understand how these tariffs will affect us.

      But there’s a lot of anger at Trump here. Booing the American national anthem is not something we do lightly. I haven’t seen people this united for a common cause for a long time. I regularly see people checking labels at grocery stores to avoid buying American even if we have to pay more.

      We know a recession is likely for both countries and we’ll be hit harder by it. It’s a small price to pay for our sovereignty.