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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[–] [email protected] 28 points 1 day ago

I was going to buy an item but the price went up since yesterday. Not going to buy it now. It's his tax on us. Not going to finance Krasnov's destruction of America.

[–] HRP58 3 points 1 day 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

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[–] [email protected] 35 points 2 days ago (2 children)

By the end of these 4 years, everyone will be jobless and prices will be unreasonably high. Wonderful.

[–] [email protected] 18 points 1 day ago (2 children)

4 years? Do people really think that there will be mid-term election? and presidential one in 4 years? really?

[–] adespoton 14 points 1 day ago

I thought the point of all this was to ratchet up tensions so Trump could declare martial law and suspend democracy indefinitely.

“We have always been at war with everyone but Russia and China….”

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[–] [email protected] 21 points 2 days ago

Just like, checks notes 96 years ago!

[–] [email protected] 15 points 1 day ago (11 children)

Ok I've been wanting to ask this and all the articles don't really address it so I'm confused.

The whole rhetoric is that Trump's tariffs will impact the citizens with increased prices and it's really just going to cause economic harm. Like cool, I can understand that. But why is Canada then performing the same action effecting their citizens? I get it's retaliatory, and suppose to expedite (hopefully) a return to normal trade policy. I just don't get why this is the move when it's a bad move in the first place (two wrongs don't make a right and all). Please be gentle, I'm honestly just confused.

[–] [email protected] 21 points 1 day ago

My understanding is that when the americans institute their tariffs, all canadian products become more expensive for americans and not price competitive with local american products. This results in a decrease of purchasing from Canada.

If we do nothing, then Canadians are still buying just as much american as before and there are little to no consequences for the tariffs

With tariffs on both sides, the effect is roughly "equalized" in that we are both now buying more local goods and less trade over the border

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