Quote:
Originally Posted by Sylvanfan
I don't think that's a very good deal for Canada. We trade a low value good to have a 15% tariff for a 6.1% on a finished product that our local market can't compete with. China thinks in much longer time frames than we do and they just got us to step in the pool and let them fit an anvil on our head.
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I get it, I do. But we need to be honest about what we are as a country. Canada has a great deal of natural resources. We sell those natural resources on the global market in return for finished products.
We send oil to gulf coast refineries, timber to U.S. pulp mills, minerals and ore to U.S. smelters....etc. etc. etc.
The only difference here is we are receiving a finished product from China instead of the U.S.
And frankly, China was our largest market for canola exports. Having that market open again to our farmers will be a huge benefit to the prices they get.
Now, do we need to be clear eyed about what engaging with China means? Of course. But diversifying from the U.S. right now is and must be the goal for the long term stability of our country. We can't simply ignore the second largest economy in the world, while trying to diversify away from the largest.