this post was submitted on 09 Apr 2025
106 points (99.1% liked)
Canada
9464 readers
1227 users here now
What's going on Canada?
Related Communities
🍁 Meta
🗺️ Provinces / Territories
- Alberta
- British Columbia
- Manitoba
- New Brunswick
- Newfoundland and Labrador
- Northwest Territories
- Nova Scotia
- Nunavut
- Ontario
- Prince Edward Island
- Quebec
- Saskatchewan
- Yukon
🏙️ Cities / Local Communities
- Calgary (AB)
- Comox Valley (BC)
- Edmonton (AB)
- Greater Sudbury (ON)
- Guelph (ON)
- Halifax (NS)
- Hamilton (ON)
- Kootenays (BC)
- London (ON)
- Mississauga (ON)
- Montreal (QC)
- Nanaimo (BC)
- Oceanside (BC)
- Ottawa (ON)
- Port Alberni (BC)
- Regina (SK)
- Saskatoon (SK)
- Thunder Bay (ON)
- Toronto (ON)
- Vancouver (BC)
- Vancouver Island (BC)
- Victoria (BC)
- Waterloo (ON)
- Windsor (ON)
- Winnipeg (MB)
Sorted alphabetically by city name.
🏒 Sports
Hockey
- Main: c/Hockey
- Calgary Flames
- Edmonton Oilers
- Montréal Canadiens
- Ottawa Senators
- Toronto Maple Leafs
- Vancouver Canucks
- Winnipeg Jets
Football (NFL): incomplete
Football (CFL): incomplete
Baseball
Basketball
Soccer
- Main: /c/CanadaSoccer
- Toronto FC
💻 Schools / Universities
- BC | UBC (U of British Columbia)
- BC | SFU (Simon Fraser U)
- BC | VIU (Vancouver Island U)
- BC | TWU (Trinity Western U)
- ON | UofT (U of Toronto)
- ON | UWO (U of Western Ontario)
- ON | UWaterloo (U of Waterloo)
- ON | UofG (U of Guelph)
- ON | OTU (Ontario Tech U)
- QC | McGill (McGill U)
Sorted by province, then by total full-time enrolment.
💵 Finance, Shopping, Sales
- Personal Finance Canada
- BAPCSalesCanada
- Canadian Investor
- Buy Canadian
- Quebec Finance
- Churning Canada
🗣️ Politics
- General:
- Federal Parties (alphabetical):
- By Province (alphabetical):
🍁 Social / Culture
- Ask a Canadian
- Bières Québec
- Canada Francais
- First Nations
- First Nations Languages
- Indigenous
- Inuit
- Logiciels libres au Québec
Rules
-
Keep the original title when submitting an article. You can put your own commentary in the body of the post or in the comment section.
Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage: lemmy.ca
founded 4 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
The funniest thing about this is, if you're a US manufacturer with a lot of inputs from China and you're selling to a global market, the smartest thing to do now is very likely going to be moving your manufacturing outside of the US.
Does that prevent any tariff hits?
Asking as someone not sure what happens to the American/Texas international mega corp that owns the manufacturing plant I work at in Alberta.
Exporting TO the USA will still suck, as I understand. Even if they're an American company? Idk. The corpo bots say so anyways. China economy is/was stagnant, so there isn't actually any room to expand market there is what I was told.
idk I'm expecting layoffs, plant closure, or the plant goes Canadian owned. They tried being privately owned a couple decades in the past but, it was difficult for them to network sales.
It's a risk I knew existed, manufacturing is so fragile.
Canadian, Chinese, and Mexican countries are still being tariffed by the USA at full announced rates currently.
That might change next time they're lined up for another options run on the market.
The 3 largest US trading partners are tariffed higher than everyone else. AFAIU, only energy being taxed is Canadian.
Trump, has also consistently begged for a deal with China, and the very obvious bilateral reduction of 84%, in next few days, would also put Chinese tariffs below Canada.
I still hope world unites to destroy/pressure/boycott US, instead of thanking them for their tariff levels.
Honestly, it's only a few countries that can do much to fight things. Canada due to how critical our outputs are for them is one, though we're going to suffer a ton for the ordeal (still worth it IMO), Mexico as well for the same reasons, but the EU and China are basically it for being able to make any notable impact.
In fact, this is actually the best time for China to stand up to the US, because of their imploding economy and population (some estimates put it as low as 400million), they won't have the international power to do much in a decade, like how little influence Russia has now. Not to mention that the EU's been declining for a while now, though they feel like they might be in a resurgence since Russia kicked them in the asses before Trump started backing a dump truck of salt their way.
If this happened just a few years later, the US's relative position in the world would've been twice as strong, so we're lucky it's happening now since the rest of the world has the power to resist effectively. But thanks to Trump, all nations that have strong trade relations with the US will have no choice but to diversify in the fear of Trump doing this sort of stuff for the next four years (or more if he amends the constitution for a third term like what Putin did).
You can only feel for the little guys like the Philippines that gets their entire industries rocked by the US tidal wave when they're so poor that all they can do is beg and hope the US realizes that they're too poor to give Trump anything at all.
You have to stop believing absurdities. Their economy is strong and manufacturing center, but 400M would give them 2x the number of cars per capita than US, as well as double GDP/capita and 5x PPP GDP per capita. Russia is a military peer to US, and has passed Germany and Japan to be 4th in PPP GDP.
US has been on a decline path. Accounting tricks (mainly owner's equivalent rent) is 15% of GDP, and healthcare 5% of GDP higher than any other country. Manufacturing decline too. Overconfidence in its own (yours?) disinformation and strength explains their current behaviour. It is certain that they would have/will be relatively weaker in 4 years.
It prevents tariffs on inputs, which lowers costs of goods sold for products sold outside the US. Goods sold into the US would still be tariffed, but if the inputs are largely from China, it would still likely be cheaper to manufacture outside the US, not pay the 125% tariffs on inputs, and deal with the lower tariff rate into the States.
I mean, if your costs on inputs are going to go up from 125% tariffs by being in the US, but you can manufacture somewhere that the US is only charging 10% tariffs, it's a strong incentive to move manufacturing to that low-tariff destination and only face a 10% tariff on what your selling.
What works for any specific company would come down to their own mix of inputs, target markets, and other factors.