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<blockquote data-quote="RobGMN" data-source="post: 8884470" data-attributes="member: 683408"><p>Last time, the threat was enough for Canada to counter our 10% tariff with a 25% retaliatory tariff, and Trump backed down.</p><p>I wonder if Trudeau wants to meet with Trump to give him advance warning that doing the same thing and expecting different results is the "definition of insanity".</p><p></p><p><em>"...Trump <a href="https://globalnews.ca/news/7258571/trump-tariffs-timeline-since-2017/" target="_blank">announced the tariffs on May 31, 2018</a>.</em></p><p><em>Canada announced its own retaliatory tariffs on roughly $16.6 billion worth of steel, aluminum and hundreds of other products from the U.S., which <a href="https://globalnews.ca/news/4304743/canada-retaliatory-tariffs-final-list-trump-steel-tariffs/" target="_blank">also included things</a> like maple syrup, shaving products, ketchup and even coffee."</em></p><p><em>"By October 2018, a new NAFTA had been negotiated, the Canada-U.S.-Mexico-Agreement (CUSMA) — which the U.S. refers to as the USMCA — but it still took until May 2019 for an agreement to be reached to lift the tariffs on both sides."</em></p><p><em>"Trump then imposed another 10-per cent tariff on aluminum products from Canada in August 2020, only to back down a month later before Canada implemented their own retaliatory tariffs."</em></p><p><em></em></p><p><em>"On March 1, 2018, the United States announced its intent to impose import tariffs of 25% on Canadian steel products and 10% on Canadian aluminum products; these tariffs came into force on June 1. In response, on May 31, Canada announced its intent to impose retaliatory tariffs of 25% on imports of US steel products and 10% on imports of US aluminum products and various other products; these tariffs were implemented on July 1. Both governments lifted their respective tariffs on May 20, 2019. The impact of these tariffs on Canada's exports and imports was noteworthy and varied by product group."</em></p><p><em></em></p><p><em>In 2018, Canada's exports of goods increased 6.5% to $585.2 billion, outpacing imports, which rose 5.8% to $607.2 billion.</em></p><p></p><p>Fast-forward to the present day: </p><p><em>"Canada is considering retaliatory measures against the United States, a government source said Friday, as the country was urged to take seriously Donald Trump's threats to impose tariffs on Canadian imports.</em></p><p><em>A senior official, speaking on background, told AFP the government is preparing for all eventualities, including possible retaliatory tariffs."</em></p><p></p><p>It's deja vu, all over again.</p></blockquote><p></p>
[QUOTE="RobGMN, post: 8884470, member: 683408"] Last time, the threat was enough for Canada to counter our 10% tariff with a 25% retaliatory tariff, and Trump backed down. I wonder if Trudeau wants to meet with Trump to give him advance warning that doing the same thing and expecting different results is the "definition of insanity". [I]"...Trump [URL='https://globalnews.ca/news/7258571/trump-tariffs-timeline-since-2017/']announced the tariffs on May 31, 2018[/URL]. Canada announced its own retaliatory tariffs on roughly $16.6 billion worth of steel, aluminum and hundreds of other products from the U.S., which [URL='https://globalnews.ca/news/4304743/canada-retaliatory-tariffs-final-list-trump-steel-tariffs/']also included things[/URL] like maple syrup, shaving products, ketchup and even coffee." "By October 2018, a new NAFTA had been negotiated, the Canada-U.S.-Mexico-Agreement (CUSMA) — which the U.S. refers to as the USMCA — but it still took until May 2019 for an agreement to be reached to lift the tariffs on both sides." "Trump then imposed another 10-per cent tariff on aluminum products from Canada in August 2020, only to back down a month later before Canada implemented their own retaliatory tariffs." "On March 1, 2018, the United States announced its intent to impose import tariffs of 25% on Canadian steel products and 10% on Canadian aluminum products; these tariffs came into force on June 1. In response, on May 31, Canada announced its intent to impose retaliatory tariffs of 25% on imports of US steel products and 10% on imports of US aluminum products and various other products; these tariffs were implemented on July 1. Both governments lifted their respective tariffs on May 20, 2019. The impact of these tariffs on Canada's exports and imports was noteworthy and varied by product group." In 2018, Canada's exports of goods increased 6.5% to $585.2 billion, outpacing imports, which rose 5.8% to $607.2 billion.[/I] Fast-forward to the present day: [I]"Canada is considering retaliatory measures against the United States, a government source said Friday, as the country was urged to take seriously Donald Trump's threats to impose tariffs on Canadian imports. A senior official, speaking on background, told AFP the government is preparing for all eventualities, including possible retaliatory tariffs."[/I] It's deja vu, all over again. [/QUOTE]
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