Although Trump has since lifted some of the tariffs imposed this week and put others on pause until 2 April, many Canadians say the damage has already been done.
The Cheeto Devil started backtracking already?
this post was submitted on 10 Mar 2025
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Good
Some highlights I found interesting:
The tariffs have been met with deep anxiety in Canada, whose majority of exports are sold to companies and clients in the US. Officials predict up to a million job losses if a 25% across the board levy went ahead, while economists warn that a recession is imminent if they persist.
Even with the tariffs being scaled back temporarily, the uncertainty alone is hurting both American and Canadian economies, says Rob Gillezeau, an assistant professor of economic analysis and policy at the University of Toronto.
"The most sensitive thing to uncertainty is business investment," Prof Gillezeau says, adding that firms are "not going to want to spend a dime anywhere" until they have some clarity.
That trepidation is also seen in the stock market, which had erased virtually all its gains since Trump won the presidency in November.
million job losses if a 25% across the board levy went ahead, while economists warn that a recession is imminent if they persist.
Obviously this will harm the economy initially, probably much like when Finland lost most of Nokia. (Nokia was a huge part of Finish economy and jobs)
But Finland rose again quickly, and Canada will too, because Canada is a country that is very well liked in most of the world, and will have no problem increasing trade elsewhere.
There will be a transitional period, but on the upside also greater independence from USA.
Luckily Canada does not suffer from Dutch disease like Finland did. So Canada will be more flexible in the ways it can recover quickly.
https://en.wikipedia.org/wiki/Dutch_disease
USA on the other hand, will not be in similar position to recoup their trade losses with, Mexico, Canada, EU, UK and China.
So USA will probably face a harder recession than Canada.
And that's probably Trump's plan, to weaken the entire west, including USA, NATO and of course Europe to benefit Russia.
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Proof that the rug can be pulled out from under you is a good sign that you need to prepare for that.
These sorts of preparations speak about the uncertainty mentioned in the article. That kind of uncertainty also hurts both countries. I don’t think there’s any net benefit to anyone.
Honest question - are Canadians generally fine with normal US citizens with no untoward agenda still coming to visit and shop in Canada? I love partaking in the cuisine, a museum, and a library in a relatively nearby border town. Especially the more ethnically-diverse cuisine, because shitty generic Americana fare gets tiresome. Canadian Tire is fun, too, although I do secretly wonder why it's not Canadian Tyre. Curious to know if US plates on a car in Canada generate a negative response nowadays.
Also, I'm sorry about the reality for which I felt the need to ask this question.
Come spend your money, just don't act all full of yourself like some Americans do.
Also, "tyre" is British spelling. We kind of have our own spelling where we generally use British spelling, but not for everything. For example, we don't spell fetus as "foetus" or estrogen as "oestrogen" either. There's probably some fancy official name for it.
I like to think of it as Canadish.
Come and spend your money in our economy, sure!
I doubt you'll have any trouble unless you have MAGA bullshit on display or are driving a Tesla.
We dislike your president and the shit show he's caused. If you're willing to spend your hard earned money here though we'll welcome you with open arms.
We were recently in Vancouver, and people were happy to have us! You shouldn’t worry. We did some extra shopping in solidarity and they appreciated our support.
Most of the people I know are not okay with Americans right now. I’m in Alberta tho.
That is surprising. I would anticipated the opposite in Alberta.
“Well, they’re very… sensitive.”
-BC
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The title could really use an extra comma and some quotation marks...
It took me a while to work out why they were so critical of Canada