The Tariff Thread

[FlameyMcFlameFace]

Originally Posted by Weitz

Why not just phase 4 first? Would do the most damage the quickest. I’m not even sure phase 1-3 would even matter to the USA in the short term.

I genuinely dont know so these are just questions:

1) How much revenue does Ontario make for selling our electricity to the USA? Will that revenue result is a huge loss? Cut backs and/or layoffs? Im not opposed to cutting off electricity. Im just curious about our own people in Ontario.

2) Any markets in Canada that need electricity? How can we get that electricity to other Canadian markets instead of just the USA?

[CroFlames]

The US isn't buying power from the Canadian government. They can't just "shut of the power" to the US because we are upset with them.

Customers in the US are buying power from Canadian companies. Sure, the Canadian government could declare the US an enemy and force the companies to shut off the power, but then those companies would need to be compensated. And those US customers could pursue legal restitution under USMCA, WTO, etc.

Not only that, but what would the Canadian power companies do with the excess capacity? It would be a double whammy for the Canadian economy.

[StickMan]

Originally Posted by TherapyforGlencross

How would you apply pressure?

Pressure won't work, they are our only customer, you'd just be hurting Canadians. This is poor planning and incompetence by the Canadian federal government.

[nik-]

Originally Posted by Weitz

Why not just phase 4 first? Would do the most damage the quickest. I’m not even sure phase 1-3 would even matter to the USA in the short term.

If you start the volume at 10, you can't turn the music up when the party gets more rowdy.

[Weitz]

Originally Posted by Nancy

I don't work in O & G, but wouldn't any tariff, either import or export, simply get added to the discount that WCS sells for? The market price won't go up unless supply goes down, which I suppose could happen if WCS starts becoming uneconomical to produce.

Basically. Any tariff or export tax is just going to result in a larger discount. Which is why there has been so much push on carving out O&G.

[Weitz]

Originally Posted by nik-

If you start the volume at 10, you can't turn the music up when the party gets more rowdy.

Don’t disagree, but I feel there is a portion of this where trump just thinks we don’t have the guts to do anything substantial in return. In the mean time he can just blame Canada on prices increasing and Americans will eat it up - just look at Ukraine.

[Fuzz]

The problem is that nothing we do will negatively affect Trump. We may #### over Americans, but Trump and all their cronies will be just fine. The only negative thing they ever need to worry about is assassination(which is why Elon has his little Baby Kevlar on his shoulders all the time.) So, uhm...

[MegaErtz]

Originally Posted by CroFlames

You may have missed it last month (or are just being obtuse), but the Canadian government already published a list of retaliatory tariffs. The only question is the date & time in which it will be implemented.

Oh yes, I'm sure the "retaliatory" tariffs on orange juice will make Uncle Sam stand up and take notice of Canada!

[5abi]

We need to mentally prepare for short/medium term value destruction (housing and your investments).

I do however have my doubts that even an elected Dem President in 2029 would reverse these tariffs if they stay on as long.

[Barnet Flame]

Originally Posted by Slava

The one interesting thing about this point in time, is that I am not entirely sure who you're referring to, and there are plenty of right answers!

Hah! You’re so right.

I meant Trump and the tariffs, but where my post ended up, it could have been that Jackass neighbour.

And of course there are so many others.

This is becoming a 24 hour a day stress dream.

[Paulie Walnuts]

Originally Posted by Drak

A house down the street that was recently flying a Trump flag has had the cops there multiple times over the last few years. So I assume they are pretty terrible people. What’s interesting is the Trump flag is now gone and they’re flying the Canadian flag. Wonder if someone said or did something to set them straight.

The Canadian flag is iffy as well ever since the Convoy.

Hard to tell if the people flying it are showing unity with Pat King or are they showing national pride.

[direwolf]

So if the tariffs actually go through at midnight and Trump doesn’t delay again at the last second, can we take that $1.3 billion we were throwing at the border and just re-invest it back into our economy? We might as well, since the fentanyl/border security excuse was clearly a load of bull***.

[Manhattanboy]

I would have expected a larger decline today in the C$.

I suspect the slide will continue over the next days and weeks.

[puckedoff]

The nice part about not doing any retaliatory tariffs, is that when prices increase on US consumers (due to the US tariffs), they won't be able to point at us and claim it is due to our counter-tariffs. (I'm sure Trump would anyways, but still)

[dissentowner]

We need to build better trade relations with other countries and those countries need to build better trade relations with eachother. Everybody cuts the US out, whatever is needed can be gotten from other countries. Nobody trade with these bastards, sink their economy right into the crapper.

[FlamesAddiction]

Originally Posted by CroFlames

The US isn't buying power from the Canadian government. They can't just "shut of the power" to the US because we are upset with them.

Customers in the US are buying power from Canadian companies. Sure, the Canadian government could declare the US an enemy and force the companies to shut off the power, but then those companies would need to be compensated. And those US customers could pursue legal restitution under USMCA, WTO, etc.

Not only that, but what would the Canadian power companies do with the excess capacity? It would be a double whammy for the Canadian economy.

OPG is a government owned crown corporation. I am not sure if that changes anything or not. Interestingly, OPG privately owns some powerplants in the U.S. as well and runs them as a separate business. They basically sell electricity to themselves.

The thing that always gets me though, is that American customers pay less for per kWh generated in Canada than what Canadian customers pay. So who is subsidizing whom? I don't think we should cut them off, but make them pay through the nose. They don't have any quick or easy replacements.

[GGG]

I would like to see us shut off Twitter in Canada using national security as the reason. To much misinformation.

I think the Tarrifs went though because the market didn’t react until close. People believed it was a boy who cried wolf scenario. Hopefully Trumps love of the scoreboard will help us out.

[WideReceiver]

Shut the U.S. out of our (country’s) lives and establish or strengthen relationships with other countries. We’re at war economically. If all reasonable nations did this the U.S. would suffer a deserved fate. I have great American friends I feel bad for but the MAGAts can **** off.

I just threw away my pin with the Canadian and American flags. I don’t see myself ever again.

[Looch City]

My disdain for Trump and this tariff crap has started to morph into general disdain for American people.

Seriously how did you dumb ####s manage to elect this dumb ####?

Like ####ing come on. You deserve all the economic hardships coming your way.

[Paulie Walnuts]

Still 3 years 11 months left with this moron in power.

It’s not just the ones who voted for him it’s the one who sat at home and didn’t bother to vote and keep him out.