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this post was submitted on 10 Mar 2025
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Canada’s total exports are about 35% of total GDP. So that puts US exports at somewhere around 24% of GDP. Pretty high but then if we exclude oil and gas and potash exports it’s a much, much smaller number. So small in fact that we would probably replace those exports within 12 months.
I wonder if anyone else other than the US wants some oil, natural gas, or potash? And yes I know we currently lack pipeline capacity but at this point I’d be willing to let the government finance it all to move oil and gas to the east coast.
I really think Americans over played their hand.
You're not alone! It looks like investors also think they overplayed their hand, judging by the reaction of the markets. Terrible combination of Trumps silky smooth brain and US exceptionalism.
Also, not the first time I've seen the 40% GDP figure make an appearance. Must be doing its rounds on US propaganda networks.
4/5ths of a country's exports do not get rerouted in 12 months.
i feel like the most likely outcome is that Canada (and Mexico) end up playing ball with Trump once he feels he did enough of whatever stupid PR stunt he needs to do and ameliorates a bit
Canada is not gonna get a better market for its goods than the largest economy in the world that speaks the same language and has had decades of integration. point blank isn't happening
right now there's a wave of nationalism sweeping canada (maybe that was trump's goal- encourage populism) but reality sets in eventually and the banking class will do whatever they have to do to keep those economic indicators up