Summary
Canada will maintain its initial $30 billion (CA$) in retaliatory tariffs despite Trump postponing 25% tariffs on many Canadian imports for a month.
A second wave of tariffs, originally planned at $125 billion (CA$), has been suspended. Ontario will still raise electricity prices for U.S. customers, and B.C. is considering tolls on U.S. trucks going to Alaska.
Trudeau expects a prolonged trade war, following a heated call with Trump.
About 62% of Canadian imports remain subject to tariffs, as Trump pushes for U.S. companies to shift production domestically.
Unfortunately, it has quickly become our (the US) primary export.
Yeah but you’re massively increasing your imports of resentment and grudges so it’ll balance out.
Actually I’d say it’s a modest increase in their grudge imports, but it feels like a lot because it’s in English rather than, for example, Arabic or Persian where it can be safely ignored.
ugh…yep 🎉