Quote:
Originally Posted by Cowboy89
https://www.cbc.ca/news/politics/jus...iffs-1.7423756
The tariff issue is really the biggest tragedy for Canada in how Trudeau exited. Canada needs leadership that has a mandate to navigate the next few months starting basically yesterday (now is the next best time). You can expect pretty much as a certainty, a 25% tariff on all CAD exports to the US starting in two weeks and lasting at minimum most of the year to allow for a Liberal Leadership contest, parliament to come back to session, a non-confidence vote to occur, at minimum a 30-day election, and finally a new government to form and get started. So at least June before anyone can actually even begin to seriously engage with the US on trade and then however long that takes with whatever new items Trump feels increasingly emboldened to extract.
Regardless of the impact of the eventual deal end result, the massive delay in it's own right will cost the Canadian economy at least tens of billions. That's going to be many lost jobs, many more families struggling for longer than necessary. And for what?
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A government with no ####s to give in someways is in a more power negotiating position.
You want to turn off power exports or oil exports for a few days and you are going to hurt your chances with the electorate. You want to enact counter Tarrifs that increase the cost of everything that hurts you with the electorate.
All of the responses in a trade war are politically damaging. Having someone who doesn’t care is an advantage.
The negative side is the run out the clock aspect. Trump can just wait to get a more sympathetic negotiator. But that should delay the implementation of Tarrifs. Overall while I think the risk of Tarrifs is high, I don’t think the current state of government negatively affects our position unless PP chooses to undermine Trudeau to try to win an election.
Smith also needs to shut up as Canada needs to present a united front on whatever the chosen strategy of the government is.
So any negative aspects will be inflicted by groups putting electoral politics over the negotiating position. (One might argue that Trudeau as done the same thing though)