Canada to Drop Many Counter-Tariffs in Olive Branch to Trump (www.bloomberg.com)

submitted 1 day ago by cm0002@piefed.world to c/canada@lemmy.ca

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[-] Typhoon@lemmy.ca 3 points 1 day ago

Corporations won’t stop if they don’t want to. Why? They pass on the cost to the consumer anyways.

Correct, and then the consumers are less likely to buy them and will pick the ones that are made from non-tariffed materials.

The point of tariffs is to lower purchases from countries who are waging economic warfare on us, even when we can't directly see the source.

[-] bowreality@lemmy.ca 4 points 1 day ago

Tariffs have never worked when broadly applied.

Btw here is a post with a clip from what Carney said: https://www.threads.com/@team_canada_forever/post/DNq05s-y7XE That’s exactly what I was mentioning in my earlier comment about CUSMA we have the best deal. Let’s stand down on the tariffs and not jeopardize that. We Canadians can still do a lot of harm to them and we have. The gov can’t stop us and the gov can’t be nailed for that in the negotiations.