Trump launches trade war against Canada with a 25% tariff on most goods (www.cbc.ca)

submitted 5 months ago* (last edited 5 months ago) by breakfastmtn@lemmy.ca to c/canada@lemmy.ca

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Senior Canadian official says tariffs will take effect on Tuesday

President Donald Trump launched a trade war against Canada on Saturday by imposing a 25 per cent tariff on virtually all goods from this country — an unprecedented strike against a longstanding ally that has the potential to throw the economy into a tailspin.

Trump's long-threatened plan to inflict economic pain on Canada has materialized on the day he said it would, and it includes a 10 per cent tariff on Canadian energy products, according to a senior Canadian official who shared details of Trump's plan with CBC News.

These potentially devastating tariffs will take effect on Tuesday and remain in place until Trump is satisfied Canada is doing enough to stop the flow of fentanyl into the U.S., the government official said.

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[-] xmunk@sh.itjust.works 3 points 5 months ago

It probably actually will... the tariff surcharge will make egg exports less profitable so its likely the domestic supply will increase.

Oh you meant for the Americans yeah... it makes as much sense as Trump adding a tariff on TSMC chips to uh... increase import volume? Wait no, it does the opposite... make US AI more competitive? Wait no, that also does the opposite.

Trumps a fucking idiot that just wants to personally enrich himself and doesn't give a damn.