| supafamous | 08-06-2025 07:24 PM |
Quote:
Originally Posted by whitev70r
(Post 9188477)
I wonder if I'm reading Carney right. He's reserved, holding back, when US upped the tariff to 35% for things outside CUSMA after Aug 1st, he didn't pound his chest (like a Doug Ford) and countered with raising tariffs on certain US goods. He looks soft and like he's not fighting back, no 'elbows up', but instead he is considering lowering or removing some US tariffs. BECAUSE in the end, raising tariffs on US goods might make you look tough but essentially, tariffs make things more expensive to the avg Canadian consumer. Meanwhile, Trump raising tariffs on everyone in due time will see inflation go up in the US. There are indicators that their economy slowing down.
Is the US headed toward a recession? Experts weigh in https://abcnews.go.com/Business/us-h...y?id=124407347
| Carney's been explicit that the US trade deal stuff is his 3rd priority when it comes to the economy - it comes after resolving interprovincial trade barriers and finding new trade partners. The former, he believes, would more than overcome the GDP impact of the tariffs, the latter is finding redundancy from an unreliable trade partner.
He's been pretty pointed about how the relationship with the US has changed forever and I don't believe he's saying that just as talk, his POV is that we need to work with other nations.
He's not the only one who isn't making the US a priority - Brazil has 50% tariffs on them and they're moving on with life rather than trying to negotiate with the US. Why negotiate? Japan allegedly had a 15% agreement with the US a couple weeks ago (Japan said this was untrue) and now the US is saying it'll be 30%. It's total chaos with the US. | 