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

[Wwcd]

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

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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

[Maraya1969]

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

[Wwcd]

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

At the expense of us all.

[Bernardo de La Paz]

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.

[Cosmocat]

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.