Quote:
Originally Posted by direwolf
CBC mentioned this morning that Canada is now the only member of the G7 with retaliatory tariffs in place on the U.S. No doubt that when Trump sits down on the toilet this morning, his swiss cheese brain will realize this fact and he’ll likely blow a gasket and threaten 100 bajillion % tariffs on Canada. So the question is, do we continue to stay the course with our current countermeasures, or do we back off like every other country has done?
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Canada is in a very different place than other G7 countries, we are the major export market for the US consumer goods, but we do still largely have options for many things outside of their market, including over seas imports, internal trade and austerity. We can get Volkswagen, or re-orientate our steel shipments more internally, but also many of the goods we buy from the US we can go without out, we don't need boutique vitamins or hot sauce that we heard about in a podcast ad. We are really the only market outside of domestic the US has for that stuff. For other countries the US is either the only option for a good and the tariff wont change sourcing, just make things more expensive, or they are already the expensive backup option.