Canada Says "Trade Wars Don't Work," Then Launches Trade War With U.S.Chris Menahan
Jun. 01, 2018
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According to free traders, tariffs are terrible and hurt the countries who put them on, yet for some reason Canada, Mexico, China and the EU are all moving to retaliate against Trump's tariffs with tariffs of their own.
Really makes you think!
From CTV News:
OTTAWA -- Prime Minister Justin Trudeau is calling U.S. President Donald Trump's decision to place tariffs on Canadian aluminum and steel "punitive" and "totally unacceptable," and has outlined dollar-for-dollar retaliation.
During the press conference, Trudeau described this moment as “a turning point in the Canada-U.S. relationship.”Trump's tariffs are theoretically making the U.S. less competitive. If we're shooting ourselves in the foot as free traders claim, you should be rejoicing.
Among the additional products originating from the U.S. that may be subject to surtax, pending a 15-day consultation with Canadians for further refinement, are specific types of: coffee, prepared meals, pizza, chocolate, condiments, toiletries, beer kegs, whiskies, various household items, and motorboats.Again. Trump is making a stupid move... so the response is to make the same stupid move?
Trump is placing a 25 per cent steel tariff and 10 per cent tariff on aluminum on Canada, effective [on June 1]. This decision was made under section 232 of the U.S. Trade Expansion Act, U.S. Secretary of Commerce Wilbur Ross announced Thursday....Then why are you starting one in response to Trump's allegedly foolish decision?
These nations' retaliatory actions in response to Trump's tariffs shows what a total fraud their claims of believing in free trade are. America had strong tariffs throughout its history, including during our earlier periods of rapid growth. China and South Korea similarly had high tariffs in recent times during their periods of rapid growth.
The fact our globalist elites fetishize free trade so much is reason enough to try something different.
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