IMPORTANT: If you live in the United States or Canada, you’ve probably heard Trump‘s constant claim that the United States is “subsidizing” Canada. It’s wrong of course, but here’s the best explanation I’ve seen about how & why it’s wrong. PLEASE WATCH & SHARE IT A LOT. Kudos to Andrew Chang & CBC.
Comments
But this is certainly not what he had in mind, is it?
Many times I told the children you can not believe everything you see on television
My eldest still in grade school stated Mother you can not believe everything you read
Out of the mouths of babes
So much bombardment of misinformation
Hard to filter through the trash to know what is true
We’d get more selling that oil internationally & not get constantly kicked in the face by Trump all the time!
Look at EV sales in China (now the majority, more than the total cars sold in Canada) vs. 4 years ago
- NOT A SUBSIDY
- trade deficit is smaller than claimed; trade is mutually beneficial; & this deficit reflects U.S. having more people with more money to buy stuff
- deficit disappears if you remove ENERGY
- it’ll be very hard for US to produce more & import less
- NOTHING UNFAIR HERE!
Once again: Trade is mutually beneficial.
Conventional wisdom to that point was that importing is bad, exporting is good.
The invention of economics thoroughly and decisively proved this wrong.
It really annoys me that there is pretty much zero attempt to educate the public on this well settled economics.
Well, we all know this is insane --it's a claim made by Trump. It's not supposed to be true or even to make sense, it's just supposed to make noise.
US imports lots of energy from Canada because we wanted to reduce dependence on Saudi Arabia/OPEC after 9/11.
Canada is subsidizing U.S. energy producers.
Stop the charity.
@brenttoderian.bsky.social @timglowa.bsky.social
https://www.theglobeandmail.com/business/article-tariffs-have-forced-a-sea-change-in-provinces-support-for-new/
Canada only ships goods to the US that it wants and needs, we don't force them. With the US almost ten times the size of Canada it makes sense they would need more stuff than Canadians.
I'm sure trump knows his .
Amazingly the same guy did just declare English as the official language of the USA
https://bsky.app/profile/milesklee.bsky.social/post/3ljo2c5uyfc2s
stop the vicious lies of #tegm donald, aka felon trump, the president-convict of US!
O&G in particular has a very low job/revenue ratio. US exports have much greater ratio.
Stop trade, kill more US jobs than it creates.
Canada has a King already, it does not need a new one.
My comment was about the economists missing the deleterious effects of this particular threat, now reality, of the US tariffs on Canada. Trade deficit numbers today, employment tomorrow. Stay tuned!
Does this mean, #Trump lies?
No way!
Canada, it’s ok. We understand. Do what you need to do.
Every single day they save $13/barrel x 4million = $52million / day subsidy to America
That’s about $19 billion subsidy each year …
The entertainment industry is responsible for creating and promoting the image of Trump as a great deal-maker.
All he does is bully until he gets his way.
He's been a 'celebrity' for a while...