Experts say annexing by ‘economic force’ involves more than just tariffs
The first shots of the trade war between the United States and Canada have been fired.
Whether it escalates beyond the planned 25 per cent tariff into a wider economic war depends upon how genuinely serious President Donald Trump is about annexation, experts say.
Tariffs are one thing. While painful and destructive, experts agree duties alone would not crush the Canadian economy, nor the political establishment, into submission.
Prior to his inauguration, Trump threatened to use “economic force” to compel Canada to become the 51st state in the union.
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What does a full-blown economic war look like? Think sanctions, import and export restrictions, trade embargoes, theft of intellectual property.
Well if he does that then we’d likely have to take drastic measures that I imagine would like it or not include emergency cooperation with China. Don’t know if there’s anyone else that can absorb what we make and provide what we need as quickly as they could. I think Xi already offered help.
We should do everything to avoid any attempts to force shock therapy on us. That may be on the cards.
As a silver lining, I think we’ll avoid a conservative government. Mark Carney gets to look more and more like the economic crisis manager for the job, given his past experience.
not so loud let PP make his fuck up that’s bound to be in the works.
I bit the bullet and joined the Liberals just to support Mark Carney. I also think highly of Chrystia Freeland, but Carney’s background is exactly what I’m coming around to thinking this country needs right now,
It’s kind of too bad, I think Chrystia would make a good first elected female PM, in addition to just being a good PM, but Carney’s history with BoC in 2008 and later BoE along with what I’ve heard him say just seems what’s needed right now.
Freeland says too many austerity-adjacent things as well as makes pro capital statements for my taste.
Did you join before the deadline?
The day before. Mixed feelings about being a member of a political party, but give it a whirl for a year I guess. Probably about to get bombarded with hyperbolic fundraising spam.
On the plus side, get to contribute to getting better leaders to vote for. Democracy at the federal election ballot box isn’t enough. Too often we end up in the “least worse” or “they’re all shit” situations when there were much better people who lost by a sliver during the party leadership elections. We need to take more active role further down the chain of democracy. This is one way. I know I’ll be switching party membership in order to vote in future leadership elections. Perhaps even in the conservative one although I’m not sure I want to have that in my record. 😂