Quote:
Originally Posted by Cappy
Trump is Trump. He's either going to impose tariffs or he isn't.
If he imposes tariffs, then we need to retaliate. That's the threat, and it always has been.
Maybe we get our heads out of our asses as a country and start diversifying our trade (and i mean that in a non-partisan way)
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The most substantial hurdle we have to climb for diversifying our economy is not desire to do so, it's an infrastructure barrier. We have overbuilt export capacity to our southern border, and virtually no large scale export facilities for our energy products. Because of the Canadian court system and some policy decisions, we are basically prevented from building new export facilities in economically reasonable time frames.
Private capital will not allocate itself because of uncertainty. This is why the government had to buy the trans mountain pipeline to get it done. Likely we are stuck in this morass until the court situation is fixed, somehow. Frankly I dont know if it can under the current legal structure of the country.