Mr Carney said one reason the deal collapsed was US negotiators at the 11th hour introducing restrictions on Canadian trade deals with other countries.
I think this is the most important issue. The US administration is realising that other countries are making new deals around the US, and they are using trade pressure to revert that trend. Carney was right to reject the deal. It may hurt in the short term, but it also gives him the opportunity to develop new trade networks.
The Canadians are 100% correct. They will continue to make global trade progress and leave the regressive USA choking in their dust trail.
all this just to stop epstein/ghislaine from spilling into the airwaves.
So true bestie no one knows about that
Matching “dollar for dollar” is dumb. We have to do things that hurt us little while maximizing their squeal.
Digital Services Tax needs to go in immediately. Tax exports of electricity and fuel. Lift trademark and patent restrictions. Repeal or amend the Copyright Modernization Act to eliminate DMCA style fuckery.
We can hurt them while benefiting from removing their shitty policies forced on us.
We should not try to fight toe to toe.
We need to do like Europe and get our government administration off of US tech companies
Finally! The year of Linux on the (governmental) desktop!
Do schools too and watch what happens. Windows sucks prettty damn bad if you aren’t indoctrinated to use it from a young age.
Canada owns near to half a trillion dollars in US bonds. Wonder what would happen if that was sold all at once?
We just saw the US bail out Japan (which owns about 1.2 trillion) to avoid Japan selling those bonds to bail themselves out. Really stupid of them to do that and then the next week play hard ball on another country that owns sizable chunk of US debt.
Wonder what would happen if that was sold all at once?
Canada would take a massive loss on the sale while the private markets and the Federal Reserve casually absorbs the influx of new notes at a discount.
It would tank the value, which would trigger other parties to quickly do a sell-off, which would further tank the value.
It would ultimately result in a cascade effect that drops the US dollar value to unprecedented lows.
It would tank the value
Temporarily, and not nearly as much as you’d guess.
The appetite for treasuries vastly outstrips the supply.
That’s the traditional viewpoint, sure. But as each day goes by the rest of the world is looking for more ways to circumvent or outright cut out trade and reliance with the US.
There’s a reason why 5 years ago BRICS was kindof a joke, but today it’s taken very seriously.
I’m not talking about US dollars, I’m talking about bonds.
It would definitely be dumb to let them go all at once. You’d want to dovest carefully. Or do some bond swaps, perhaps. Exchange some for euros or yuan.
For every $1 we get, they get $10.
Two fucking idiots posturing.
distract from Epstein files -> distract from war -> distract from tarrifs -> distract from Epstein files -> distract from war -> distract from tarrifs -> distract from Epstein files -> distract from war -> distract from tarrifs -> distract from Epstein files -> distract from war -> distract from tarrifs -> distract from Epstein files -> distract from war -> …
Anybody keeping count?
“Last-minute changes in the US proposed terms were unfair, uneconomic, and called into question the reliability of any deal.”
That is how trustworthy the US is. Even if they would sign a trade deal, it would not be worth the paper it was signed on.
Let the world move on without the US.
I have no love for CCP but i love China’s response on tariff wars. One of the officials said they don’t care what US does because China existed for hundreds of years before USA even existed, and China will continue to do so even if USA ceases to exist.
This is literally the only way forward
Good for Carney. I wish more world leaders would stand up for themselves.
sighs disappointedly in Australian
ʎlpǝʇuᴉoddɐsᴉp sɥƃᴉs
Yeah. I share your disappointment
We are fucking spineless, and it’s shamefully embarrassing
The followup article with Kinew moreorless matches my opinion on it. This isn’t going to be resolved this Election cycle. Carney really needs to just say “At this point trade negotiations are a waste of time and will not be looked into until at least 2028 and then we will go from there” because it’s clear even if optimal conditions are met, this US administration wouldn’t be trusted to actually follow the agreement regardless, and making concessions with the US over it is just going to get in the way of the Canada first mentality they are attempting to head towards.
The strategy should be to undo our reliance on the US for any trade at all and establish better global relations. Regardless of who comes into office in the future, the US has demonstrated they are not a stable or reliable partner in any respect.
The strategy should be to undo our reliance on the US for any trade at all and establish better global relations
That is a long term project, and has been a work in progress since Trump was reelected
moreorless
? that’s three words…
I don’t see no spaces
Canadian dollar to US dollar, seems good.
Besides, standing up to him is the only way to deal with TACO.
Spit in his face and wait 'til Tuesday.
Bravo to Carney saying no and to Canada standing on their feet! I stand with Canada, Elbows up!
So like as an American, cool. Also as an American, and I’m sure I speak for most of us, we didn’t give a crap. Like as much as you think we care, it’s like 100th of that in reality.
Also as an American, and I’m sure I speak for most of us
The hell you do. A lot of Americans don’t like this. We’re shitting on our closest allies while trying to suck off North Korea.
…what? As an American, I care. I hope Canada comes out on top of this exchange and every exchange they’re unfortunate enough to be forced to have with us right now. I hope our economy gets fucked (just like it did previously).
I applaud Canada and every country that stands up to Trump. If the whole world just collectively cut us out of global politics and the economy, I’d applaud even louder. We deserve it.
Speak for yourself.
Also, telling people you don’t care isn’t considered cool by anyone above the age of 14, and the older you get, the more pathetic it is.
You don’t speak for me.
as an American, and I’m sure I speak for most of us, we didn’t give a crap
I get it. False consensus aside, it’s a trope that Americans don’t much care about things outside their borders. Many Americans never cross a border, and for many people if it doesn’t affect them directly then it’s just noise in a busy day.
But with such long unguarded borders, minimal manufacturing, insufficient resources and a surplus of cash crops, it needs friends who will deal squarely with it and help secure those borders.
And when the oil and electricity run short, I hope America is cool paying “market prices” if we’re no longer best-buds.
Go eat yourselves! Thanks!
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lol canada was apparently doing a climbing down and agreeing to some of the terms until jd vance decided to open his stupid mouth
I read it was Nutlick this time.
When Lutnick coughs it’s because the Idiot moved the hand that’s up his posterior. I doubt these two said anything without being directed to.
Canada has its own traitor in Washington who was involved in the Ohio fraud with JD Vance. They are besties. The fix was in as soon as they allowed this piece of shit sentient egg in the room.
Let The Fun Begin! - Critical Minerals/NOPE - More Hydro Electric Energy/NOPE - Canadians Drinking American Booze/NOPE - Canadians Deciding To Visit The States In Big Numbers Like They Used To Before/NOPE - It’s high time that our Canadian government, and all Canadians stand unwaveringly strong on this never ending train of ridiculous tariffs! ✅
Hit the us where it hurts, stop respecting us digital locks and actually start repairing your tech
EU has literally threatened USA that EU could stop respecting American IP in a trade war.
Trump and USA are getting what they asks for. Just not in the good way.No if we really want to do that, we’ll jack up the price of electricity. The US imports a lot of electricity from Canada and it doesn’t have any other sources for it. US electricity demand has been skyrocketing due to data centre usage, so a massive price hike will grind the whole Al economy to a halt.
How about both?
This might be overselling it. Only some provinces produce/export and only some states benefit, mostly regional and mostly northern states. There would certainly be an impact, especially short term, but claiming it hits their entire infrastructure is a stretch.
Fuck the States. Sell them no minerals. Buy no products.
Canada and the US engage in bilateral trade across the supply chain. And they are on generally good terms with the northern liberal neighbor states.
Canadians would be better off working with their US neighbors to evade tariff collections than increasingly the policing on people who share a broad class interest
