I see our friends to the north is now back peddling.
Maybe it’s not a good look to raise people electricity…or maybe once United States start firing up their old coal power plants it would make those brand new nuclear plants useless.
Our naysayers seem to ignore the power the United States can flex while working to achieve fair trade, and trade policies which advance the common defense and general welfare of the United States.
The United States has been taken advantage of for over 30 years when it comes to trade. It’s time for the United States to use its big stick to achieve fair and free trade.
Summer electric usage = 1.3X winter usage.
Donald Trump’s actions regarding Canada confuse me a bit, but “Canada shuts off electricity to a few states,” simply won’t matter until summer.
Not only did Trump put this deal in place, but as part of the deal there are procedures for dealing with disputes, none of which involve one country slapping new tariffs on other countries in the agreement.
So the question actually becomes “What kind of trade deals can happen with the United States under Trump if Trump can’t be trusted to honor the agreements?”
This is a question more and more countries are going to start asking.
But MAGAs…go ahead and keep assuming the United States is invulnerable.
Trump threw out NAFTA.
Renegotiated a deal with Canada and Mexico.
Called it the best, most fair deal ever.
Corps spent billions retooling operations to take advantage of the new deal.
What’s changed? Why start a war with canada and Mexico? Why should these corps suffer for following Trumps deal?
I agree with Trump in his use of specific tariffs where they are used to force neighbors to stop dumping drugs or illegals in our country or to take back their own citizens who are here illegally.
Beyond that, when lower or higher tariffs are long run an advantage or harming to our economy? I don’t really have a strong sense of that so I have little to say on the subject.
Beyond tariffs-for-an-objective
tariffs are no better and no worse than any other tax.
All taxes make ‘A’ or ‘B’ or ‘C’ more expensive.
All taxes always reduce the quantity of ‘A’ or ‘B’ or ‘C.’
Hate fossil fuels? Tax that.
Hate items made in dirty low wage economies? Tax those.
Hate middle-class labor? Tax that.
Reducing taxes on overtime, reducing taxes on SS etc. and replacing them with tariffs is a good plan.
"Since the agreement came into force in 1994, Canada has been sued 39 times by foreign companies claiming Canadian policies have violated their rights under NAFTA.
That is almost half of the 84 challenges made against all three nations under the investor state provisions.
Canada has lost or settled eight cases and paid more than $215 million in compensation, while the United States has still not lost a single case or paid out a single dollar in compensation."
We really need wood from Canada… we just don’t have the forestry they do to keep up with manufacturing demand.
If we pay more for their wood than they pay for our diary… is that a fair deal? Maybe… depends on how bad we need their wood vs how bad they want our dairy.
But as long as both parties get what they need… that is considered fair.
Right now… Canada doesn’t think it’s fair that Trump is going against a deal HE NEGOTIATED.