"Canada will be implementing 25% tariffs against $155 billion worth of American goods

[Wingnut]

Will Canada de-value its currency to maintain American export markets in spite of the tariffs?

Their currency is below water vs the Dollar.  I think a Canadian quarter is worth about the same as a US nickel.  And I'm damn tired of getting their fake ass coins back as change at the Kwik Mart.

[mystery-ak]

https://twitter.com/GuntherEagleman/status/1897040942647144760

[roamer_1]

Their currency is below water vs the Dollar.  I think a Canadian quarter is worth about the same as a US nickel.  And I'm damn tired of getting their fake ass coins back as change at the Kwik Mart.

A Looney buck is worth around 70 cents against a Yankee buck.It seems to hover right there... between a quarter and thirty cents discount most of the time.

[mystery-ak]

https://twitter.com/libsoftiktok/status/1897061625796153647

[Weird Tolkienish Figure]

https://twitter.com/libsoftiktok/status/1897061625796153647

Probably just a publicity stunt.

[IsailedawayfromFR]

Apparently tariffs on dairy/cheese products are very high. I don't know what else.

Canada only allows a very small amount of American dairy products to enter the country either duty free or at very small tariffs.  Above that amount, Canada slaps tariffs like 245% on cheese and 298% on butter.

American places almost zero tariffs on Canadian dairy

Anybody think that fair?

AP FACT CHECK: Trump partly right on Canada’s dairy tariffs
https://apnews.com/article/north-america-donald-trump-international-news-politics-united-states-b53ebe62051f45c18aa355edfe1d3c04

[Wingnut]

Canada only allows a very small amount of American dairy products to enter the country either duty free or at very small tariffs.  Above that amount, Canada slaps tariffs like 245% on cheese and 298% on butter.

American places almost zero tariffs on Canadian dairy

Anybody think that fair?

AP FACT CHECK: Trump partly right on Canada’s dairy tariffs
https://apnews.com/article/north-america-donald-trump-international-news-politics-united-states-b53ebe62051f45c18aa355edfe1d3c04

Fact check. Partly true means MOSTLY true.

[mystery-ak]

https://twitter.com/factpostnews/status/1896993126234865890

[Wingnut]

Seriously.  Does anyone GAF about Canada?  I mean seriously. Like maple syrup, Canada's evil oozes over the United States.
Come on now WTF, have you ever heard anyone ever say, "Honey, lets stay in and order Canadian food"? I'll tell ya another thing their beer sucks!  Canadians suffer from a serious inferiority complex. That's why they built the Canadian National Tower! World's largest free-standing structure!  Not sure what they call that POS  building now.  Maybe Canuck whatisname can chime in and tell us about the metric system and the Celsius system or that ass hole Neil Young!

[jmyrlefuller]

https://twitter.com/factpostnews/status/1896993126234865890

Even at the old price, it's triple the reasonable price for any motor vehicle that isn't a luxury sports car.

[roamer_1]

Come on now WTF, have you ever heard anyone ever say, "Honey, lets stay in and order Canadian food"?

POUTINE!

I'll tell ya another thing their beer sucks!

Molson/Miller/Coors?

ass hole Neil Young!

Well... That's right.

[Smokin Joe]

Their currency is below water vs the Dollar.  I think a Canadian quarter is worth about the same as a US nickel.  And I'm damn tired of getting their fake ass coins back as change at the Kwik Mart.

A Canadian dollar is worth about 69 cents US.

[GtHawk]

Seriously.  Does anyone GAF about Canada?  I mean seriously. Like maple syrup, Canada's evil oozes over the United States.
Come on now WTF, have you ever heard anyone ever say, "Honey, lets stay in and order Canadian food"? I'll tell ya another thing their beer sucks!  Canadians suffer from a serious inferiority complex. That's why they built the Canadian National Tower! World's largest free-standing structure!  Not sure what they call that POS  building now.  Maybe Canuck whatisname can chime in and tell us about the metric system and the Celsius system or that ass hole Neil Young!

There are a few Canucks I’d like to return to sender, like Jim Carrey, but be honest there are quite a few talented ones that came here and aren’t A-holes, well okay Shatner is not one of them.

[MeganC]

A Canadian dollar is worth about 69 cents US.

CANADA: NOW 31% OFF!!!

[IsailedawayfromFR]

Maybe we don't have to watch as much hockey on tv this year.

NHL commissioner says league could be affected by U.S.-Canada tariffs
Mar 5 2025

NHL Commissioner Gary Bettman said the league might be affected by tariffs and relations between the U.S. and Canada because players in both countries are paid in U.S. dollars.
Bettman joined CNBC’s “Squawk Box” to discuss the league’s 2024-25 season, geopolitical effects and more.

NHL commissioner Gary Bettman on state of the league: The game has never been better
National Hockey League Commissioner Gary Bettman said Wednesday that the league could be affected by the current tensions between the U.S. and Canada.

Bettman said 25% of the league’s revenue comes from its Canadian clubs. Though he said the Canadian teams perform well, Bettman added that there could be ramifications for the league depending on the state of Canadian tariffs.

“All players, no matter which country they play in, get paid in U.S. dollars,” Bettman told CNBC’s Becky Quick on “Squawk Box.” “So if the impact of the tariffs is to see the Canadian dollar drop relative to the U.S. dollar, it will make it more difficult and more painful.”

Bettman said he has not yet engaged in any conversations with the Trump administration, but he believes the core of the tension between the two countries is a “policy issue,” with Canadians and Americans getting ”caught in the middle.”

“I’m hoping that this is a moment in time and both countries find a way to work through this,” Bettman said, adding that the uncertainty and tariffs may also cause difficulties with the NHL’s sponsors.

The league currently has seven Canadian teams, including the Toronto Maple Leafs and Vancouver Canucks.

Despite the uncertainty, Bettman said the league is expecting to exceed revenue of $7 billion in mixed currency for the current 2024-25 season. The NHL has also seen record ratings and strong attendance, he noted, with teams playing at 96.7% capacity season to date.

According to CNBC’s 2024 Official NHL Team Valuations, the average NHL franchise value was $1.92 billion.

“Our ratings are strong and we have great media partners in Canada and the United States,” Bettman said. “And we’re in a good place because the game has never been better.”
https://www.cnbc.com/2025/03/05/nhl-commissioner-gary-bettman-us-canada-tariffs.html

[Wingnut]

I forget how it works but I remember our Canadian employees who I worked with bitched about the payment system they dealt with when paid.

[libertybele]

https://twitter.com/factpostnews/status/1896993126234865890

Getting tariffs aligned so we are on an equal playing field isn't going to happen over night. Nor is bringing jobs back to the U.S.  As Trump stated last night give him time.

How much time will be needed is an unknown as well as how long his voting base and others are going to accept the inevitable hurdles that we as a nation are going to have to face.

[GtHawk]

My daughter has a large client in Ontario, she was just there last week getting them set up, I will have to ask her how the tariffs and Douggy are affecting her companies business with them.

[verga]

Has anyone figured out Trump’s rationale for this trade war with Canada?  As in, a particular import duty or cross border policy.  The reasons he shared do not make sense, and he needs to spend political capital elsewhere.

Right now there is a 200% tariff on some American goods. It isa bout time our people were not hurt by the Canadians.

[verga]

Seriously.  Does anyone GAF about Canada?  I mean seriously. Like maple syrup, Canada's evil oozes over the United States.
Come on now WTF, have you ever heard anyone ever say, "Honey, lets stay in and order Canadian food"? I'll tell ya another thing their beer sucks!  Canadians suffer from a serious inferiority complex. That's why they built the Canadian National Tower! World's largest free-standing structure!  Not sure what they call that POS  building now.  Maybe Canuck whatisname can chime in and tell us about the metric system and the Celsius system or that ass hole Neil Young!

You have never had John Labatt's Extra Stock. Pure GOLD.

[mountaineer]

Canada long has imposed a 298% tariff on U.S. butter, I understand. 

[libertybele]

Canada long has imposed a 298% tariff on U.S. butter, I understand. 

Oh, Canada, me thinks you are going to lose this battle.

[Wingnut]

You have never had John Labatt's Extra Stock. Pure GOLD.

In college we were fond of Labatt's Blue. It wasn't that much more expensive than PBR, Hamms, and Schlitz which we drank back then.  This was before the watery crap like Natty Light and Keystone gen-x swilled. 

[DB]

Tariffs are a bit like nuclear weapons. Better to not play. But if forced to play, demonstrate the chain reaction that follows in no uncertain terms.

[verga]

In college we were fond of Labatt's Blue. It wasn't that much more expensive than PBR, Hamms, and Schlitz which we drank back then.  This was before the watery crap like Natty Light and Keystone gen-x swilled.

1980 (still lived just outside Buffalo NY) during our lunch break at college, we would drive over the border on Fridays fill the gas tank and swap a case of empties for a case of fulls, pay the $1 duty (If they asked us to) and head back for the afternoon class. D@MN I miss those days sometimes.

[Weird Tolkienish Figure]

Oh, Canada, me thinks you are going to lose this battle.

You're not wrong, the US is by far an importing nation, Canada is an exporting one relative to us. Importing nations almost always hold the cards when it comes to tariffs.

That being said I'm worried consumers will also lose this battle. We'll see where prices go.

[catfish1957]

And then Canada will increase their tariff by the same amount ... and so on, and so on ... as both economies get destroyed

All because Trump has a petty personal grudge with Trudeau

Brilliant strategy there, Team Trump ... create a trade war when none existed before

Are you kidding?  Canada threw the first 2 or 3 vollies in this trade war.  Trudy's folly about killed our dairy industry.

[Weird Tolkienish Figure]

Canada exports more than foodstuffs, also exports energy (which helps) and lumber (which also help). More competition is a win for consumers.

[catfish1957]

Seriously.  Does anyone GAF about Canada?  I mean seriously. Like maple syrup, Canada's evil oozes over the United States.
Come on now WTF, have you ever heard anyone ever say, "Honey, lets stay in and order Canadian food"? I'll tell ya another thing their beer sucks!  Canadians suffer from a serious inferiority complex. That's why they built the Canadian National Tower! World's largest free-standing structure!  Not sure what they call that POS  building now.  Maybe Canuck whatisname can chime in and tell us about the metric system and the Celsius system or that ass hole Neil Young!

Good point, I was looking at a list of largest Canadian companies, and there isn't basically shit that they provide that think is important to me.  Power generation might be an issue up north, but i think we can make some transmission lines adjustments on the grid pretty quickly , and tell the Canucks to GF themselves.

[catfish1957]

Canada exports more than foodstuffs, also exports energy (which helps) and lumber (which also help). More competition is a win for consumers.

Yes, if they play equitably   If not.....

And all three of those we have an abundance of.  Squeeze 'em, and make 'em squeal.

[catfish1957]

And one last point....  Not even those in a trade war threaten embargoes, which is what that one Canuck is threatening with cutting off power to Michigan.

Embargoes are the tools of enemies. Want to go there?

[mystery-ak]

Treasury Secretary Scott Bessent: Justin Trudeau Is a ‘Numbskull’

Secretary of the Treasury Scott Bessent called Canadian Prime Minister Justin Trudeau a “numbskull” on Thursday, in response to Trudeau declaring Canada will continue a “trade war” with United States.

https://www.breitbart.com/tech/2025/03/07/treasury-secretary-scott-bessent-justin-trudeau-is-a-numbskull/

[Right_in_Virginia]

Canada long has imposed a 298% tariff on U.S. butter, I understand. 

[roamer_1]

Y'all crack me up.

You've got a good 'them damned dirty Canucks' against 'them damn dirty Americans' sh*t fight goin on...

But the point of order SHOUD BE that BOTH governments are getting MORE money in tariffs, at the EXPENSE of BOTH the Canucks and the Yanks.

All y'all can't see any farther than the end of your noses... which are getting cut off to spite your faces.

[MeganC]

Y'all crack me up.

You've got a good 'them damned dirty Canucks' against 'them damn dirty Americans' sh*t fight goin on...

But the point of order SHOUD BE that BOTH governments are getting MORE money in tariffs, at the EXPENSE of BOTH the Canucks and the Yanks.

All y'all can't see any farther than the end of your noses... which are getting cut off to spite your faces.

The Laffer curve comes into play here. US Tariffs on Canada have a proportionately higher impact than do Canadian tariffs on the US.

I suspect as things unfold that the US Government will indeed see higher revenues overall via tariff revenues and increased domestic production for US consumption. The Canadian government on the other hand may see higher tariff revenues but overall losses as their domestic trade sectors retreat as their exports to the US decline.

[catfish1957]

Y'all crack me up.

You've got a good 'them damned dirty Canucks' against 'them damn dirty Americans' sh*t fight goin on...

But the point of order SHOUD BE that BOTH governments are getting MORE money in tariffs, at the EXPENSE of BOTH the Canucks and the Yanks.

All y'all can't see any farther than the end of your noses... which are getting cut off to spite your faces.

For someone who I thought was up there with me, in financial acumen, I find your comment here strange.  I'd like to live in the world of unicorns farting skittles over the rainbow too, but in the sand box of geo-finance, there has to be some level of fairness in the systems that we play in the box.  When you have one kiddy who continually kicks sand in the eyes of  another with unfair accrued penalities, at some point you have to start throwing sand  back.  It was up to me, I'd wipe the slate clean, and say that there are none for anyone.  But we all know that head kiddie Trudy, basically has had us help subsidize his economy the past 10 years, and I applaud DJT for trying to do something to rectify it.

I am still hoping and thinking this thing is averted, and we all can play nice.

[roamer_1]

The Laffer curve comes into play here. US Tariffs on Canada have a proportionately higher impact than do Canadian tariffs on the US.

I suspect as things unfold that the US Government will indeed see higher revenues overall via tariff revenues and increased domestic production for US consumption. The Canadian government on the other hand may see higher tariff revenues but overall losses as their domestic trade sectors retreat as their exports to the US decline.

Which would still be a damn cryin shame. Our prosperity at the Canadians' expense. That's a piss pour solution right there (meaning no disrespect to your person).

What a feller ought to be doing is the sort of thing that raises all boats.

They are not Americans, but they are our next-door neighbors and closest allies. Making our prosperity on their sorrow is a damn small thing.

[DB]

The only winning move is for both sides to remove tariffs.

[roamer_1]

For someone who I thought was up there with me, in financial acumen, I find your comment here strange.  I'd like to live in the world of unicorns farting skittles over the rainbow too, but in the sand box of geo-finance, there has to be some level of fairness in the systems that we play in the box.  When you have one kiddy who continually kicks sand in the eyes of  another with unfair accrued penalities, at some point you have to start throwing sand  back.  It was up to me, I'd wipe the slate clean, and say that there are none for anyone.  But we all know that head kiddie Trudy, basically has had us help subsidize his economy the past 10 years, and I applaud DJT for trying to do something to rectify it.

I am still hoping and thinking this thing is averted, and we all can play nice.

Except it ain't gonna rectify it, it's gonna make it WORSE.

And all for naught, since Trudy is walking off soon enough and the Canucks will put another bastard in place... Might have been prudent for our bastard to hold his damn water till he knows who he is really dealing with...
Which is why I know it is all bullshit, and nothing but low-hanging fruit designed for no other thing than to get all y'all hepped up and throwing a hissy.

Far better to throw his weight behind the Conservative provinces so their weight could be brought to bear for Conservative leadership. But no... He jacks everybody up so they will roll their sh*t in little balls and start pitching it at each other. A pissin match solves nothing. NOTHING.

[roamer_1]

The only winning move is for both sides to remove tariffs.

That's right. And barriers.

[cato potatoe]

What portion of imports actually exceed the quotas and are subject to these rates?  From what I have read it isn’t that common, although certain carveouts were negotiated (by the Trump admin) as part of the USMCA.  They act as anti-dumping measures. 

[roamer_1]

What portion of imports actually exceed the quotas and are subject to these rates?  From what I have read it isn’t that common, although certain carveouts were negotiated (by the Trump admin) as part of the USMCA.  They act as anti-dumping measures.

Pointing sat dairy is dumb anyway. MANY US states protect their dairy industry (which includes eggs, and therefore chickens too), including right here where I live, until very recently. For a long time, most of my life, you could only buy local Lucerne or Darigold products here. We didn't even have Tillamook (which is our neighbor, Oregon) here until the Costco and the Walmart showed up. Now we have more... Kroger is here... Costco and Wallyworld.... and prices are rising. Go figger.

[bigheadfred]

Canada imports 87% of it's TP from the U.S. Cut it off and see what happens.

[GtHawk]

 

Canada imports 87% of it's TP from the U.S. Cut it off and see what happens.

🤔What’s thae last line of that little parody song we used yo sing as kids? ‘To prove you’re a man you must use your hands’.

[mountaineer]

🤔What’s thae last line of that little parody song we used yo sing as kids? ‘To prove you’re a man you must use your hands’.

To the tune of the theme song of the Chuck Connors TV show, "Branded." 

[Wingnut]

To the tune of the theme song of the Chuck Connors TV show, "Branded." 

🤔What’s thae last line of that little parody song we used yo sing as kids? ‘To prove you’re a man you must use your hands’.

Stranded, Stranded on the....

[MeganC]

Which would still be a damn cryin shame. Our prosperity at the Canadians' expense. That's a piss pour solution right there (meaning no disrespect to your person).

What a feller ought to be doing is the sort of thing that raises all boats.

They are not Americans, but they are our next-door neighbors and closest allies. Making our prosperity on their sorrow is a damn small thing.

Currently America subsidizes Canada to the tune of $200 billion per year. And they tariff all sorts of our stuff while we do nothing in return.

$200 billion per year.

[roamer_1]

Currently America subsidizes Canada to the tune of $200 billion per year. And they tariff all sorts of our stuff while we do nothing in return.

$200 billion per year.

You ain't tellin me nothing. Remember, I am a Western man... A Northwestern man. I saw our livelihood utterly destroyed as our lumber industry was purposefully curtailed. All those western lumber contracts moved to Canada. So I get it, probably better than most.

But the problem ain't the Canadians. The problem is that they won't open the damn timber sales and support the mills DOWN HERE. That's why the Canadians can get away with lumber tariffs. But fixing that ain't a matter of retaliatory tariffs. The answer to that is rebuilding American Lumber. The Canadian tariff will go away the moment that cheap American lumber arrives.

[libertybele]

You ain't tellin me nothing. Remember, I am a Western man... A Northwestern man. I saw our livelihood utterly destroyed as our lumber industry was purposefully curtailed. All those western lumber contracts moved to Canada. So I get it, probably better than most.

But the problem ain't the Canadians. The problem is that they won't open the damn timber sales and support the mills DOWN HERE. That's why the Canadians can get away with lumber tariffs. But fixing that ain't a matter of retaliatory tariffs. The answer to that is rebuilding American Lumber. The Canadian tariff will go away the moment that cheap American lumber arrives.

Trump mentioned bringing back the logging industry in his SOTU.

Trump's executive order to ramp up US timber production hailed as a win by logging industry leader

President Donald Trump's executive orders to bring "attacks" on the American logging industry to a halt by stifling timber imports and ramping up domestic production are receiving praise after trade and environmental policies "shut down" the industry for years, according to logging executive Scott Dane.

"We welcome those [executive orders] and look forward to rebuilding the American timber industry," Dane, executive director for the American Loggers Council (ALC) said Tuesday on the Fox News Channel.

The ALC, according to a biography sheet from the House of Representatives, is a nonprofit trade association "comprised of 30 timber industry state associations representing nearly 10,000 companies and 50,000 employees...........

https://www.foxbusiness.com/media/trumps-executive-order-ramp-up-us-timber-production-hailed-win-logging-industry-leader

[roamer_1]

Trump mentioned bringing back the logging industry in his SOTU.

Yeah... He said it the first time around too. What he says and what actually sticks are two different things.