Tariffs on Canadian Goods

[I am Groot]

The impact of across the board tariffs at 25% has been estimated at a 6 point drop in GDP. Without oil, perhaps 4 points. 

The impact on the GDP of interprovincial trade barriers has been estimated at between 4 and 7 points. This is the equivalent of a 21% tariff on goods and services moving from province to province. Quebec, naturally, is the worst, at 25%. Largely eliminating these would nullify the economic impact of tariffs. However, no one is going to drop their barriers unless Quebec does and Quebec will threaten to separate before dropping theirs. 

[Aristides]

4 minutes ago, I am Groot said:

You mean dishonest and unethical?

Yes, Dougie is a good liberal.

Quebec still insists they will never approve a pipeline. Ever. For any reason. 

It wouldn't enter Quebec. 

[I am Groot]

Just now, Aristides said:

It wouldn't enter Quebec. 

The idea for energy east was to eventually get to the Atlantic to send oil to Europe. Yes, it would also feed into Ontario and Quebec, but without an export market the cost is largely not recoverable. At least that is the way I understand it.

[Aristides]

3 hours ago, I am Groot said:

The idea for energy east was to eventually get to the Atlantic to send oil to Europe. Yes, it would also feed into Ontario and Quebec, but without an export market the cost is largely not recoverable. At least that is the way I understand it.

I know but using the pipe already constructed would avoid having to ship crude to Ontario refineries via a pipeline in the US as it is now.

[NAME REMOVED]

 

 

it's somewhat surreal when high ranking Republicans like Rand Paul and Mitch McConnell are pleading with Trump not to impose the tariffs. This will ultimately lead to perhaps the greatest recession since the 1930s

Edited January 31, 2025 by DUI_Offender

[NAME REMOVED]

 

The Dow Jones tanks, after Trump announced he is definitely going through with the tariffs.

[NAME REMOVED]

BREAKING: Donald Trump has caused a serious crash in the American auto-industry following the announcement of tariffs against Mexico and Canada.

[I am Groot]

2 hours ago, Aristides said:

I know but using the pipe already constructed would avoid having to ship crude to Ontario refineries via a pipeline in the US as it is now.

Doesn't Line 5 also supply Quebec? Mind you, I'm fine with cutting them off.

[NAME REMOVED]

 

Even Harper is calling Trump out on his BS.

[Dougie93]

8 hours ago, I am Groot said:

The impact of across the board tariffs at 25% has been estimated at a 6 point drop in GDP. Without oil, perhaps 4 points. 

The impact on the GDP of interprovincial trade barriers has been estimated at between 4 and 7 points. This is the equivalent of a 21% tariff on goods and services moving from province to province. Quebec, naturally, is the worst, at 25%. Largely eliminating these would nullify the economic impact of tariffs. However, no one is going to drop their barriers unless Quebec does and Quebec will threaten to separate before dropping theirs. 

inter provincial trade barriers costs the economy $200 billion per year

that's 10% of GDP lost

[Aristides]

1 hour ago, DUI_Offender said:

 

Even Harper is calling Trump out on his BS.

Trump knows that too but he's a lying scumbag.

Just now, Dougie93 said:

inter provincial trade barriers costs the economy $200 billion per year

that's 10% of GDP lost

Ya but that's our problem. 

[Dougie93]

4 minutes ago, Aristides said:

Ya but that's our problem. 

a problem which is inflicting twice as much damage as Trump's tariffs will

[Gaétan]

The media keeps spreading Trump's lies. Trump's tariff hike is not caused by drugs or illegal border crossings but because he is trying to increase his revenues to reduce the huge deficit caused by the unnecessary wars that the beloved CBC, that corrupt Democratic regime, has organized to enrich the arms industry and the millions of free bombs sent to Ukraine and Israel. The billion Trudeau spent on guarding the border is money wasted needlessly and  he should not buy American drones to replace Chinese drones. It's against journalistic rules to propagate the lies of a recognized liar like Trump because it makes people believe what is not true and it's not an excuse to say that it was others who said that.

[Aristides]

20 hours ago, I am Groot said:

Doesn't Line 5 also supply Quebec? Mind you, I'm fine with cutting them off.

The original Energy East proposal was to convert an existing NG line to carry crude.

[SpankyMcFarland]

Trump’s tariffs on businesses and ordinary people will be spent on tax giveaways to the ultra-rich and the deportation industry. 

[Aristides]

49 minutes ago, SpankyMcFarland said:

Trump’s tariffs on businesses and ordinary people will be spent on tax giveaways to the ultra-rich and the deportation industry. 

Of course but they won't bring anywhere near what he thinks. If companies continue to import, prices will rise because of the tariffs. If companies stop importing, he will collect less tariffs. MAGA's ain't too bright though, they think it is a win win.

Edited February 1, 2025 by Aristides

[Gaétan]

It is to deny what Christ taught to believe that the words: Make the United States great again means to make Americans a richer people, but it rather means to make them a more just people, that's what realy make you great.

[SpankyMcFarland]

No Canadian should visit the US unless they absolutely have to until this is sorted out. 

[BeaverFever]

14 hours ago, Gaétan said:

The media keeps spreading Trump's lies. Trump's tariff hike is not caused by drugs or illegal border crossings but because he is trying to increase his revenues to reduce the huge deficit caused by the unnecessary wars that the beloved CBC, that corrupt Democratic regime, has organized to enrich the arms industry and the millions of free bombs sent to Ukraine and Israel. The billion Trudeau spent on guarding the border is money wasted needlessly and  he should not buy American drones to replace Chinese drones. It's against journalistic rules to propagate the lies of a recognized liar like Trump because it makes people believe what is not true and it's not an excuse to say that it was others who said that.

America has run huge deficits for most of it’s history, that nothing new, certainly can’t blame it on Ukraine and Israel. 

[User]

2 hours ago, SpankyMcFarland said:

No Canadian should visit the US unless they absolutely have to until this is sorted out. 

LOL, almost all of the Canadians I know near the border come down regularly because the prices are better and they can't get the crap they need in Canada. 

There is an entire industry along the border with warehouses and shipping post offices for folks in Canada to come across to get stuff with a US mailing address. 


 

[CdnFox]

4 hours ago, User said:

LOL, almost all of the Canadians I know near the border come down regularly because the prices are better and they can't get the crap they need in Canada. 

There is an entire industry along the border with warehouses and shipping post offices for folks in Canada to come across to get stuff with a US mailing address. 


 

And if it stops or at least slows down those people aren't going to be very happy. Maybe they'll have a word with their representatives that things need to go back the way they were.

Like I said, I doubt this is going to end exactly the way trump thought it was going to

[Gaétan]

12 hours ago, BeaverFever said:

America has run huge deficits for most of it’s history, that nothing new, certainly can’t blame it on Ukraine and Israel. 

These wars have caused the glass to overflow and they are in a state of panic

[Aristides]

11 hours ago, User said:

LOL, almost all of the Canadians I know near the border come down regularly because the prices are better and they can't get the crap they need in Canada. 

There is an entire industry along the border with warehouses and shipping post offices for folks in Canada to come across to get stuff with a US mailing address. 


 

Don't count on that continuing. Our depressed dollar has made the US much less attractive and I don't think you understand how really p*ssed off Canadians are at how they are being treated by people they had always assumed were friends. Never underestimate the animosity of a betrayed partner.

We are in Mexico and have friends here from Quebec. They say that all the Quebecers they know who have gone to Florida for years and own homes there are trying to dump their properties and leave. The result is a glut of homes on the market and depressed prices for everyone, not just Canadians.

[I am Groot]

11 hours ago, User said:

LOL, almost all of the Canadians I know near the border come down regularly because the prices are better and they can't get the crap they need in Canada. 

Prices are better? When the Canadian dollar is worth 0.69c?

[Aristides]

2 minutes ago, I am Groot said:

Prices are better? When the Canadian dollar is worth 0.69c?

Not really, the only people I know who are still going down are going to Trader Joes for things they can't get in Canada.