What will be the impact of a North American trade war?
What will be the impact of a North American trade war?
www.ft.com
What will be the impact of a North American trade war?
9 comments
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I'm not going to put much faith in an article which purports to ask the question of why they've done this and gives no answer other than that Trump says it's about "migrants and drugs." I don't know what the real reasons might be, but if there's one thing that's obvious it's that it has nothing at all to do with migrants or drugs.
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That is Trump's official reasoning for the tarifs, although Canada is responsible for <1% of drug imports and illegal immigrants into the States. Makes no sense. I think it's part of a bigger plan to weaken our economy and make the prospect of annexation more likely in the future.
Support Canadian producers and suppliers as much as possible!!!
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Canada holds natural resources that Trump wants to control, including the future potential arctic route.
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I believe it is to weaken Americans so they cannot resist the fascist takeover.
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This is all about migrants and drugs like their election was about eggs, Trump voters were just "economically anxious," and non-voters cared so much about genocide in Palestine. Nonsense.
That said, there's good historical info in this link I didn't know about, like:
Trump used the International Emergency Economic Powers Act of 1977 (IEEPA) to apply the tariffs, marking the first time the law had been used to apply levies to countries.
and
Trump threatened to apply broad tariffs to Mexico in 2019 over immigration issues, invoking IEEPA, but ultimately did not use them. Richard Nixon used a precursor to IEEPA, the Trading With the Enemy Act of 1917, to briefly apply tariffs of 10 per cent on US trading partners.
For anyone scrolling, read a more Canadian perspective about the impact of this trade war here.
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9 comments
Article is paywalled on mobile. Not sure why I was downvoted for pointing this out.
Here’s a bypass: https://archive.ph/qc7hE
How dare you be helpful!
Archive already on the cross post
Have you considered that some folks don’t go visit the cross posts?