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'We will not hesitate': Canada prepares to hit U.S. with billions in tariffs
(www.thecanadianpressnews.ca)
this post was submitted on 18 Jan 2025
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Yep, the people importing from the US within Canadian territories will pay a tax to Canada for the items. The US won't be bothered with it much. It only serves to raise prices for Canadians. Especially in instances where they don't have any domestic production of an alternative.
Which will incentivise domestic consumers to reduce consumption depriving them of profits, encourage local alternatives or finding new markets reducing future profits, and be a net negative for the target country.
It’s very obvious sanctions are effective or places like Russia wouldn’t complain about them all the time.
The US exporters will be bothered if their products are more expensive and thus less attractive to buy. Do you really think all the world politics, economists and business leaders are just too stupid to get which effects tariffs have?
Do you think they would bother with counter tariffs if the tarrifs imposed by Trump would only hurt the US?
That's kind of the idea. It's a punitive measure to discourage Canadians from buying US goods.
We might not have domestic alternatives for some things, but we dont necessarily need to get those from the US either. There are other countries we can import from. Failing that, some people might decide that they don't really need whatever item is being tariffed and wait for prices to go down.