Buy Canadian
A community dedicated to buying Canadian products.
Une communauté dédiée à l'achat de produits Canadiens.
Rules:
1. Posts must be related to buying Canadian-made goods and / or using Canadian-owned services
2. Absolutely no bigotry will be tolerated. This includes, but is not limited to, racism, sexism, homophobia, transphobia, etc.
3. AI Content Policy
Not allowed: AI-generated images or articles
Tolerated: AI-generated post summaries
4. Only content in French and English is permitted
5. Declare all self-promotion
Users are encouraged to report any content that violates our community guidelines
Règlements :
1. Les poteaux doivent être en lien avec l'achat de produits et / ou de services opérés par des canadiens
2. Aucune bigoterie ne sera tolérée. Ça comprend, mais sans se limiter à, le racisme, le sexisme, l’homophobie, la transphobie, etc.
3. Politique sur le contenu IA
Non permis : Images ou articles générés par l'IA
Toléré : Résumés IA de publications
4. Seul le contenu en français et en anglais n'est toléré
5. Déclarez toute auto-promotion
Les utilisateurs sont encouragés à signaler tout contenu qui ne respecte pas nos directives communautaires
Related communities: Communautés connexes :
!buyeuropean@feddit.uk !buyafrican@baraza.africa !boycottus@lemmy.ca !canada@lemmy.ca !canada@lemmy.ml ___
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I read recently that the Aluminium industry will be mostly unaffected. It's difficult to see how the US would be able to replace Canadian steel imports in the short term, especially not before the next US election. In saying that, I've no clue how quickly a country like the US can increase its manufacturing capacity to produce an additional 25% of their steel consumption.
Manufacturers may also be anxious to invest in an expansion like that when there's no guarantee that the tariffs will remain in place to keep their product competitive, although there's always the ever reliable lobbying.
If the tariffs had been applied to Canada alone, then it might have become cheaper for US businesses to import from elsewhere, but since the tariffs are a universal 25%, the playing field remains more or less unchanged for all steel imports to the US.
Over time, maybe the US will successfully build up its steel industry and replace their Canadian imports with domestic supply. Hopefully that's more than enough time for Canada to diversify its trade relationships.
My guess is that this particular Tantrump will be inflationary for all of North America more than anything else.
Krasnov already tried this all before, in his first term. And failed miserably.
Same old weird tired Putin-puppet needs new tactics, lol.
He did, and the US lost about 70,000 or so jobs in steel and related industries and increased the US trade deficit further. What's the opposite of The Midas Touch?
Trumps first term tarrifs and effects.
And it skyrocketed the spot price of steel so much that the company I worked for ate the tariffs and still did record profits.
Oh man. He's such a stupid bitch.