Canada has suspended trade negotiations with the United States, Prime Minister Mark Carney said, after last-minute changes to Washington’s proposed terms were deemed “unfair” and “uneconomic”, a day after US President Donald Trump had said that US "should be able to have a deal with Canada."
Nah just people who understand economics. Americans have the bully mentality which makes them think bigger = stronger, and generally think of economics in a backwards way.
I’m not going to be paying Trump’s tariffs, Americans will be. That big economy can’t resolve the tarriffed products, so Americans just have to pay. Even the price of non-tarriffed products will increase in price because there’s not enough non-tarriffed products to meet demand.
Canada, being a smaller economy, will be better able to find substitutes for US made products elsewhere.
Is also less costly for a smaller economy to retool. Which means less investment dollars needed.
So I hope Americans enjoy the inflation their dear leader is creating with his antics.