• Bruncvik@lemmy.world
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    8 hours ago

    Mr Carney said one reason the deal collapsed was US negotiators at the 11th hour introducing restrictions on Canadian trade deals with other countries.

    I think this is the most important issue. The US administration is realising that other countries are making new deals around the US, and they are using trade pressure to revert that trend. Carney was right to reject the deal. It may hurt in the short term, but it also gives him the opportunity to develop new trade networks.

  • x00z@lemmy.world
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    21 hours ago

    distract from Epstein files -> distract from war -> distract from tarrifs -> distract from Epstein files -> distract from war -> distract from tarrifs -> distract from Epstein files -> distract from war -> distract from tarrifs -> distract from Epstein files -> distract from war -> distract from tarrifs -> distract from Epstein files -> distract from war -> …

    Anybody keeping count?

  • Pika@sh.itjust.works
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    19 hours ago

    The followup article with Kinew moreorless matches my opinion on it. This isn’t going to be resolved this Election cycle. Carney really needs to just say “At this point trade negotiations are a waste of time and will not be looked into until at least 2028 and then we will go from there” because it’s clear even if optimal conditions are met, this US administration wouldn’t be trusted to actually follow the agreement regardless, and making concessions with the US over it is just going to get in the way of the Canada first mentality they are attempting to head towards.

    • iegod@lemmy.zip
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      19 hours ago

      The strategy should be to undo our reliance on the US for any trade at all and establish better global relations. Regardless of who comes into office in the future, the US has demonstrated they are not a stable or reliable partner in any respect.

  • rbos@lemmy.ca
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    1 day ago

    Matching “dollar for dollar” is dumb. We have to do things that hurt us little while maximizing their squeal.

    Digital Services Tax needs to go in immediately. Tax exports of electricity and fuel. Lift trademark and patent restrictions. Repeal or amend the Copyright Modernization Act to eliminate DMCA style fuckery.

    We can hurt them while benefiting from removing their shitty policies forced on us.

    We should not try to fight toe to toe.

    • SpaceCowboy@lemmy.ca
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      24 hours ago

      Canada owns near to half a trillion dollars in US bonds. Wonder what would happen if that was sold all at once?

      We just saw the US bail out Japan (which owns about 1.2 trillion) to avoid Japan selling those bonds to bail themselves out. Really stupid of them to do that and then the next week play hard ball on another country that owns sizable chunk of US debt.

      • UnderpantsWeevil@lemmy.world
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        21 hours ago

        Wonder what would happen if that was sold all at once?

        Canada would take a massive loss on the sale while the private markets and the Federal Reserve casually absorbs the influx of new notes at a discount.

        • rbos@lemmy.ca
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          21 hours ago

          It would definitely be dumb to let them go all at once. You’d want to dovest carefully. Or do some bond swaps, perhaps. Exchange some for euros or yuan.

  • Danika7@lemmy.world
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    21 hours ago

    Let The Fun Begin! - Critical Minerals/NOPE - More Hydro Electric Energy/NOPE - Canadians Drinking American Booze/NOPE - Canadians Deciding To Visit The States In Big Numbers Like They Used To Before/NOPE - It’s high time that our Canadian government, and all Canadians stand unwaveringly strong on this never ending train of ridiculous tariffs! ✅

  • MinnesotaGoddam@lemmy.world
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    10 hours ago

    “because you punish your citizens we must punish ours” y’all elected a real dipshit and I’m a Californian

  • stumu415@lemmy.zipOP
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    1 day ago

    “Last-minute changes in the US proposed terms were unfair, uneconomic, and called into question the reliability of any deal.”

    That is how trustworthy the US is. Even if they would sign a trade deal, it would not be worth the paper it was signed on.

    Let the world move on without the US.

    • TankovayaDiviziya@lemmy.world
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      7 hours ago

      I have no love for CCP but i love China’s response on tariff wars. One of the officials said they don’t care what US does because China existed for hundreds of years before USA even existed, and China will continue to do so even if USA ceases to exist.

  • rose56@lemmy.zip
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    1 day ago

    Bravo to Carney saying no and to Canada standing on their feet! I stand with Canada, Elbows up!

    • Tiral@lemmy.world
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      1 day ago

      So like as an American, cool. Also as an American, and I’m sure I speak for most of us, we didn’t give a crap. Like as much as you think we care, it’s like 100th of that in reality.

      • quarkquasar@lemmy.world
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        7 hours ago

        Speak for yourself.

        Also, telling people you don’t care isn’t considered cool by anyone above the age of 14, and the older you get, the more pathetic it is.

      • KoboldCoterie@pawb.social
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        1 day ago

        …what? As an American, I care. I hope Canada comes out on top of this exchange and every exchange they’re unfortunate enough to be forced to have with us right now. I hope our economy gets fucked (just like it did previously).

        I applaud Canada and every country that stands up to Trump. If the whole world just collectively cut us out of global politics and the economy, I’d applaud even louder. We deserve it.

      • corsicanguppy@lemmy.ca
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        1 day ago

        as an American, and I’m sure I speak for most of us, we didn’t give a crap

        I get it. False consensus aside, it’s a trope that Americans don’t much care about things outside their borders. Many Americans never cross a border, and for many people if it doesn’t affect them directly then it’s just noise in a busy day.

        But with such long unguarded borders, minimal manufacturing, insufficient resources and a surplus of cash crops, it needs friends who will deal squarely with it and help secure those borders.

        And when the oil and electricity run short, I hope America is cool paying “market prices” if we’re no longer best-buds.

    • UnderpantsWeevil@lemmy.world
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      21 hours ago

      Canada and the US engage in bilateral trade across the supply chain. And they are on generally good terms with the northern liberal neighbor states.

      Canadians would be better off working with their US neighbors to evade tariff collections than increasingly the policing on people who share a broad class interest

  • Mouselemming@sh.itjust.works
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    1 day ago

    Canadian dollar to US dollar, seems good.

    Besides, standing up to him is the only way to deal with TACO.

    Spit in his face and wait 'til Tuesday.

  • SpaceCowboy@lemmy.ca
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    1 day ago

    This trade deal thing was always kind of a wishy-washy. On one hand we don’t want people to lose their jobs and face economic hardship. On the other hand we don’t want to give in to the US. Americans think it’s about Trump, but we know that while some of his tariffs would be dropped by another President, not all of them will be. This is how it’s always been with trading with the US. Trump is more extreme than most Presidents, but Americans in general don’t deal with us honestly.

    This is going to be rough. People lose their jobs on both sides of the border. But at least now there’s clarity. No more maybe we should make a deal maybe we shouldn’t. Now there’s only: Let’s fucking go!