Canada makes retaliatory tariffs official: 'We will not back down'

Source: CNBC

Canada’s foreign minister announced Friday that Ottowa plans to impose about $12.6 billion worth of retaliatory tariffs on U.S. goods on July 1.

This story is developing. Please check back for updates.

Read more: https://www.cnbc.com/2018/06/29/canada-makes-retaliatory-tariffs-official-we-will-not-back-down.html

Canadian tariffs will take place on July 1st, this Sunday

CNBC saying Canada will be placing tariffs of 25% and 10% on two separate tariff lists.

They do so until Trump lifts his steel & aluminum trade measures against Canada.

Minister of foreign affairs Chrystia Freeland saying, "We do this in sorrow not in anger".

Per CNBC statement

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4 replies	Author	Time	Post
Canada makes retaliatory tariffs official: 'We will not back down' (Original post)	Wwcd	Jun 2018	OP
What did the asshole think other countries would do?	Maraya1969	Jun 2018	#1
Yup. He wanted to belong to the dictator's club.	Wwcd	Jun 2018	#2
He started a six-front trade war. He thought everyone would simply fold up. But they go around him.	Bernardo de La Paz	Jun 2018	#3
I keep telling wingers this	Cosmocat	Jun 2018	#4

Response to Wwcd (Original post)

Fri Jun 29, 2018, 01:00 PM

Maraya1969 (20,856 posts)

1. What did the asshole think other countries would do?

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Response to Maraya1969 (Reply #1)

Fri Jun 29, 2018, 01:09 PM

Wwcd (6,288 posts)

2. Yup. He wanted to belong to the dictator's club.

At the expense of us all.

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Response to Maraya1969 (Reply #1)

Fri Jun 29, 2018, 01:48 PM

Bernardo de La Paz (44,791 posts)

3. He started a six-front trade war. He thought everyone would simply fold up. But they go around him.

MAGA: Making America Go Alone.

Rest of world trade big enough it will just trade around USA. And not invest.

Won't happen overnight, but it is already beginning, as new free trade agreements are being signed and negotiated.

Meantime, Chinese have stopped buying soybeans from MidWest, a $13,000,000,000 (13 billion) a year loss. They are now buying from Brazil and Canada.

Investors won't bring money to the USA because of the instability.

Tourism is down 4 to 7 %. Normally a growth industry.

Instead of developing solar power technology to export goods to the rest of the world, the US will before long be importing, if it can find anyone willing to sell.

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Response to Bernardo de La Paz (Reply #3)

Fri Jun 29, 2018, 04:05 PM

Cosmocat (14,317 posts)

4. I keep telling wingers this

How is going to turn out when a country is alone, fighting trade wars with the rest of the world.

It does not even register ...

You can be the biggest bad ass around but if you go into a bar and throw beer in the faces of a dozen dudes, your getting our ass kicked.

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