• kava@lemmy.world
    link
    fedilink
    English
    arrow-up
    5
    ·
    4 hours ago

    American trade is nearly worth half of Canada’s total GDP. something like 75~80% of total Canadian exports go to the US. if they actually retaliate in force they could be dooming their country to an economic crisis if Trump is spiteful enough. so far the Canadian tariffs have only touched about $30B worth of goods, or 7% of the total trade.

    • DarkFuture@lemmy.world
      link
      fedilink
      English
      arrow-up
      12
      ·
      1 hour ago

      Bottom line is Canada can’t rely on an unreliable country that literally threatens them.

      It’s time for the world to move away from working with the U.S. We’ve shown we aren’t trustworthy. Canada needs to increase trade to other countries to compensate.

      • kava@lemmy.world
        link
        fedilink
        English
        arrow-up
        1
        ·
        22 seconds ago

        sounds nice in theory but i don’t think people realize just how integrated their economy is to the US

        entire industries are completely dependent on US trade. they traded large swathes of their economic autonomy away for easy access to the US market.

        it’s a decision that was decades in the making and it will likely take decades to reverse.

        and if we’re being honest it shouldn’t have exactly taken Trump to make Canada realize the US acts in its own interests. Look at NAFTA signed by Bill Clinton. We pressured Canada into accepting a deal that forced them to maintain a certain level of oil export to the US even if there were domestic shortages.

        It’s not the type of agreement equal parties or allies come to. It’s a relationship of domination. Always has been