I live in Mexico, I buy imported goods from the US. The tariffs imposed today will only lead to Mexico reciprocating with a 25% tariff of their own on the states. This will result in a boycott of American goods, only to be replaced with Mexican made goods. This will hurt American businesses.
Just wanna clarify, but that applies to import tariffs. Export tariffs tax exports, which are paid by the people in the country being exported to via price increases. Like for example what should happen with Canadian oil in the face of an exemption to tariffs by America.
True-ish. Not if your own country produces the thing that is being tariffed. There is certainly an argument for protectionist tariffs to support your own industry.
Consider the tariffs that Canada has had on US dairy products for ages.
Totally,but Americans fall under the irony that they’ve elected a thug aspresident who elects to punish the USA with a self imposed 25%tax b/c he is so lamentably silly he doesn’t understand how tariffs work.He doesn’tlikeCanadians.
That’sDT.This will unify Cda & it will slowly diversify its exports
I hope the tariffs get Trump impeached. The American people shouldn’t have to suffer because of Trump’s paranoia and delusions. Canada shouldn’t have to suffer and neither should Mexico.
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Consider the tariffs that Canada has had on US dairy products for ages.
That’sDT.This will unify Cda & it will slowly diversify its exports