"I think it's gonna be shock and awe," said a staunch Trump ally prior to the inauguration. After a 25% tariff on Canadian and Mexican imports was imposed, this was the headline in The Globe and Mail: “A declaration of economic war.”
I think it should be noted that the Canadian tariff on oil is 10%, 25% on other trade. If I were the Canadian government I'd reduce the amount of oil sold to the US in retaliation. Trump supporters were lead to believe the tariffs would be paid by the affected countries rather than the truth that importers pay the tax which is then passed on to the consumer. Once our prices go up, does anyone believe they'll go back down when the tariffs are removed? Unlikely.
Saw the writing on the wall and now we’re living it! 🤦🏼♀️
You’re right, it’s no surprise to us but it’s so infuriating!
I think it should be noted that the Canadian tariff on oil is 10%, 25% on other trade. If I were the Canadian government I'd reduce the amount of oil sold to the US in retaliation. Trump supporters were lead to believe the tariffs would be paid by the affected countries rather than the truth that importers pay the tax which is then passed on to the consumer. Once our prices go up, does anyone believe they'll go back down when the tariffs are removed? Unlikely.
Good points!
The looting and pillaging has begun by those who have grabbed power: the uberrich.
It is SO maddening🤬