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'We will not hesitate': Canada prepares to hit U.S. with billions in tariffs (www.thecanadianpressnews.ca)

submitted 2 days ago by MicroWave@lemmy.world to c/world@lemmy.world

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Summary

Canada is preparing to retaliate against Donald Trump’s proposed 25% tariffs on Canadian imports, which could trigger the largest trade war between the nations in decades.

Prime Minister Justin Trudeau promised counter-tariffs worth $37 billion, with potential for further measures, depending on Trump’s final order.

Canadian officials warn the tariffs could harm both economies, disrupting key sectors like automotive, energy, and agriculture.

Labor leaders expressed concerns over job losses and urged collaboration. Canada hopes to avoid tariffs by highlighting their mutual economic impact to U.S. lawmakers.

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[–] MonkeMischief@lemmy.today 2 points 1 day ago (1 children)

...it's an economic depression! hope you're ready for your grocery bill to quadruple.

complete economic meltdown.

Aw man I seem to vaguely remember a short time when this wasn't happening ever since I've been of working age, but it already feels so distant now...

[–] GreenKnight23@lemmy.world 0 points 1 day ago (1 children)

I think you're taking it too lightly.

you should read up on the fall of the Soviet Union and what life was like after.

waiting in lines for hours for the possibility of buying a pound of beef
not having access to consumables like toilet paper for months
medication becoming nonexistent
cheap government subsidized vodka
further corruption of local administration and public police

really, go read up on it. I'm sure it'll blow your mind.

[–] MonkeMischief@lemmy.today 2 points 1 hour ago

I think you're taking it too lightly.

Sorry, there was no way I could find to phrase that without it reading sarcastically but sincerely, I wasn't trying to downplay your insights!

I was being mildly sarcastic, but also totally serious, in that the birthright of Millenials and onward has been on the "and find out" end of eroding social safety nets and a generally declining civilization.

The idea of living in peace without constantly playing the "weather the next socioeconomic crisis" roguelike dice game is basically a foreign concept at this point. (To anybody who must work for a living.)

"Oh wow, what a major recession! The worldwide economy sucks! There's no jobs! Groceries are expensive! Bosses are kings! Wages are frozen!" (Which year, amirite?)
"Wow these natural disasters are crazy! Look, the water catches fire! Woah, everyone's full of plastic!"
Hey that thing there was a steady supply of? Everybody's freaking out and ready to fight over it.(Jobs, toilet paper, gasoline, twinkies, silicon, whatever.)
"Hey everything was alright for a while! Workers are winning raises and sick days! But corpos complain and fire everybody to make line go up. Unemployment at record highs again. Here's 42 ways to suck up to your boss and beg to keep your income."
"Haha wow we were SURE that plague was extinct."
"Rents skyrocketing. Nobody's having children. People who want them are increasingly infertile. People who don't, make it an entire political identity.
(Insert the entirety of 2020-onward here)
Everything is hyper competitive and a requires luck. The lucky want to tell you it's all about Just Working Harder and "everything is actually better than it's ever been!"
Hey remember when the whole world went to war against fascists? Ha they're seen as legitimate again because they've got memes now.

**TL;DR: **

I agree with you, it's like watching the fall of the Soviet Union, except instead of The Party chanting "everything is fine keep working", it's mainly private interests. And nobody's learned anything.

I'm trying to keep my head up lol...