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Originally Posted by Mr.Coffee
Okay so quick check but I’m seeing Canada’s NATO spend as about 1.37% GDP or roughly 34B. They want us at 2% which is a little over $50B. Delta of like $16B let’s call it.
Meanwhile the tariff threat according to Financial Post is supposed to entirely wipe out GDP growth forthcoming and cost estimates of 3.4-3.7% GDP (call it $85B).
Not clear anywhere why it takes so long to ramp up spending on defence so not sure on that or why it must take to 2032 the way the feds are saying (I’m sure there’s some reason just not sure how much of it is bull####).
So if we promise to ramp the $15B spend to avoid $85B hit and actually honour what we actually already committed to anyway, does that get the tariffs removed?
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It's like whack-a-mole. One day it's about no US banks in Canada, or the 2% GDP spending. It's a moving target, and there's no real way to meet the demands because it's economic warfare. We all know there is no border issue at their north border, and we flew around the helicopters, added a billion dollars to the border security budget, and still have this threat.