this post was submitted on 04 Mar 2025
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Summary

Canadian Prime Minister Justin Trudeau announced retaliatory tariffs after Donald Trump confirmed 25% tariffs on Canadian goods and 10% on energy, set to take effect at 12:01 a.m. Tuesday.

Trump justified the move by linking it to fentanyl smuggling concerns.

Trudeau called the tariffs "unjustified" and imposed 25% tariffs on $155 billion in U.S. goods, with $30 billion effective immediately and the rest in 21 days.

He warned of price hikes and job losses in the U.S., arguing the move violates Trump’s own trade agreement from his last term.

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[–] Kimmy@lemmy.world 12 points 1 week ago* (last edited 1 week ago) (18 children)

Excuse my ignorance but wouldn't that make things more expensive for Canadians as well?

:edit: thank you all for answering me. I totally understand now.

Fuck trump

[–] yes_this_time@lemmy.world 10 points 1 week ago (1 children)

Yes, but items are targeted to inflict the least amount of pain. We don't neeed orange juice or bourbon for example.

[–] CanadaPlus@lemmy.sdf.org 6 points 1 week ago* (last edited 1 week ago)

And inflict the maximum amount of pain on specifically the bad Americans who are doing this.

[–] Insayn@reddthat.com 9 points 1 week ago

I am starting to understand how felon tRump bankrupted casinos

[–] ArchRecord@lemm.ee 4 points 1 week ago

Yes, tariffs increase prices in almost any case they're implemented, which is the goal. Trudeau seems to be hoping that by adding these tariffs, it will become even easier to shift consumer behavior to buy non-American made goods, which could possibly either lead Trump to reduce/remove his tariffs, or at least make Americans feel more of the economic impact of those reductions in sales, which could then push more people to go against Trump politically.

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[–] Litebit@lemmy.world 7 points 1 week ago (1 children)

should double those tariffs.

[–] kent_eh@lemmy.ca 8 points 1 week ago (1 children)

If Trump escalates, so do we.

If we go "all in" on day one, we don't have any future leverage.

[–] Litebit@lemmy.world 5 points 1 week ago* (last edited 1 week ago) (1 children)

you are right, got to strategically tariff so it hurts US but with minimal impact on Canada.

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[–] HRP58@lemmy.ca 3 points 1 week ago (2 children)

Tariffs on imports make the imports more expensive and push people to buy non-tariffed goods. This causes the exporting company to lose income from their exports

Capitalist companies may lose income from lost sales, but they will be raising prices to match the tariff. Probably throw an extra 5-10% on top of that for greed, because they can blame it all on the tariff.

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