The Tariff Thread

[direwolf]

Originally Posted by Icantwhisper

sounds like the effective tariff rate is 2.5%, Trump probably doesn't want his constituents to know that. Sucks if you are in industry not covered by CUSMA but for the overall economy it's not as bad as stated.

Sure it's not as bad right now, and we're certainly in a better spot that most other countries because of that. The problem is that Trump has already s*** all over CUSMA with this tariff nonsense and could potentially rip it up any time he wants. Canada needs to be prepared for if or when that happens, which is why the government has been busy signing new trade deals with reliable partners and strengthening current ones with our allies around the world.

CUSMA is up for review in 2026, but who knows how that's gonna go. This current administration can't be trusted with anything right now, and they haven't been negotiating in good faith.

[MegaErtz]

Looks like China have slapped Canada with a huge 75.8% tariff on canola in response to Canada freezing out Chinese electric vehicles.

[Fuzz]

Some stats on Canola exports.


https://www.canolacouncil.org/markets-stats/exports/


Under the historic data by year you can see China's imports vary a lot, but the vast majority has been going to the US.

[activeStick]

Watched a news story last night about how retailers have started taking Bick's Dill Pickles off their shelves. Grilled cheese sandwiches won't be the same for a while!

[Fuzz]

Originally Posted by activeStick

Watched a news story last night about how retailers have started taking Bick's Dill Pickles off their shelves. Grilled cheese sandwiches won't be the same for a while!

[Firebot]

Originally Posted by Fuzz

Some stats on Canola exports.


https://www.canolacouncil.org/markets-stats/exports/


Under the historic data by year you can see China's imports vary a lot, but the vast majority has been going to the US.

Not sure we are reading the same graph. China imports more than the US when all 3 are included (especially Canola seed). And the main reason for the export gap 10 years ago is because of a previous dispute on Canadian canola by China.

https://www.cbc.ca/news/politics/can...nola-1.3773980

Canada is the world's largest canola exporter. Over 40 per cent is exported to China.

This is not a nothingburger, and disproportionally impacts prairie provinces, while conceding to China (EV tarrif) would impact Ontario

[Fuzz]

Oops, I thought I had read canola oil exclusively so just looked at that.

[Johnny Makarov]

I think we need to man up and let BYD sell in Canada with 25-40% tariffs. Only caveat. You can only buy 1 per household or the 2nd one is taxed at 200%.

[Senator Clay Davis]

Another case of "Damn, I didn't think he'd actually do what he said"



https://www.nytimes.com/2025/08/20/b...importers.html

[Duruss]

The leopards are becoming obese and it's going to get worse.

[puffnstuff]

The fact they voted for him after he told them he would put tariffs on is hilarious to me. Dummies. And then thinking a letter would sway his 'thinking' just adds to the comedy.

[Fighting Banana Slug]

Originally Posted by Senator Clay Davis

Another case of "Damn, I didn't think he'd actually do what he said"



https://www.nytimes.com/2025/08/20/b...importers.html

Oof, helicopter parent writing to the President asking for a little help to his kid? C’mon, bootstraps and all that.

[Barnet Flame]

"But I wanted you to hurt other people. Not me, and MY family"!

[Red Potato Standing By]

Originally Posted by barnet flame

"but i wanted you to hurt the libtards.not me, and my family"!

fyp

[undercoverbrother]

Originally Posted by activeStick

Watched a news story last night about how retailers have started taking Bick's Dill Pickles off their shelves. Grilled cheese sandwiches won't be the same for a while!

Sweet pickles for the win

[Fuzz]

Pickle talk! In Germany when the pickle jar says spicy, it just means they use spices, so they are Locke friendly.

[puffnstuff]

Seventeen days ago, President Donald Trump made a dramatic claim in an#interview#on the business news channel CNBC. As part of his#July trade agreement#with the European Union, he said, the EU gave the United States a $600 billion present he could spend however he wanted.

“They gave me $600 billion. And that’s a gift,” he said. “That’s not like, you know, a loan, by the way. That’s not a loan that, oh gee, three years comes up, we have to pay it back. There’s nothing to pay back. They gave us $600 billion that we can invest in anything we want.”

The "framework” was released on Thursday. It’s brief and vague – but it shows there is no $600 billion gift.

That doesn’t match Trump’s claim that the EU “gave me” a $600 billion sum to “invest in anything I want.” Justin Wolfers, a University of Michigan economics professor,#said#on social media on Thursday that Trump “didn’t get a penny” of the $600 billion “gift” he had claimed to receive.

https://www.cnn.com/2025/08/22/polit...ump-eu-us-gift

[Barnet Flame]

Wait a minute.

Is this implying Trump was lying?

[activeStick]

Seeing a headline on CityNews right now with Carney speaking: "Canada to drop many retaliatory tariffs on US goods - PM Carney"

[Cowboy89]

Originally Posted by activeStick

Seeing a headline on CityNews right now with Carney speaking: "Canada to drop many retaliatory tariffs on US goods - PM Carney"

Verified by the Globe and Mail as well. Makes sense. US continues the carve out for CUSMA goods. Make this a negotiation about CUSMA. Up to Canadians to simply not buy US goods at any price.