Trade War part Deux

TOPDAWG

Based Member
Bombardier be like we still love you bro. Remember we friends.




Canadian planemaker Bombardier responded to President Donald Trump’s threat to ban the sale of its jets in the U.S. by touting the “tens of thousands” of American jobs it has created, after Canada’s retaliatory tariffs of up to 50% on some U.S. goods went into effect.

I had no idea alcohol apparently was so important to the world economy.


The US is banning a slew of Canadian products, including alcoholic spirits, dairy goods and motor vehicles, as Canadian retaliatory tariffs on American goods come into force.

In a series of executive orders on Tuesday, US President Donald Trump said that Canada is "discriminating" against the United States and outlined the import ban, to begin 29 September.

Earlier on Tuesday, Canada Prime Minister Mark Carney said in a video address that his country's pivot away from the US as its largest trading partner "will come at a cost".
 
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If that were to happen, Canada’s real gross domestic product would fall by 1.6 per cent, or $402-billion, over the next decade relative to the status quo baseline – U.S. tariff levels as of July 1 of this year and USMCA intact. It projects employment would shrink by 163,000 jobs annually on average, dragging wages and consumer spending along with it.

10 years of 0 GDP growth and in fact a shrinking over those 10 years. 150k less jobs a year.

It's over for Canada. Boomers get to die without facing the consequences of their actions. Millennials are going to be the worst off. I wish I could get out of this country so bad.
 
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