Trudeau decided to go ahead with retaliatory tariffs even though Trump’s order includes a mechanism to escalate the rates if Canada retaliates against the U.S.
How so? These would increase demand for things produced in Canada, not really harm America. These are retaliatory tariffs, so the latter is the point here.
Correct me if I’m wrong, but for things that are made in both Canada and the US, if you increase demand for the version made in Canada, your country benefits, while hurting the US, since less is sold, so less money earned. Citizens are the ones paying tariffs anyway
Wouldn’t a subsidy or tax incentive for things produced domestically be a more beneficial way to combat tariffs?
How so? These would increase demand for things produced in Canada, not really harm America. These are retaliatory tariffs, so the latter is the point here.
Correct me if I’m wrong, but for things that are made in both Canada and the US, if you increase demand for the version made in Canada, your country benefits, while hurting the US, since less is sold, so less money earned. Citizens are the ones paying tariffs anyway