• Suite404@lemmy.world
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    3 days ago

    Canada has the means to win this stupid trade war, partly because they aren’t idiots who started trade wars with the rest of their allies.

  • schema@lemmy.world
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    4 days ago

    The U.S. lacks the production capacity to meet domestic demand for steel and aluminum, else imports wouldn’t be necessary. I.e. domestic aluminum only covered about 15% of demand in 2024

    With a 50% tariff, businesses relying on these materials will still have to import, but at much higher costs.

    Trump believes this will boost domestic production, and even if that was true it would take years. However, in reality, it will likely reduce consumption due to skyrocketing prices, leading to lower demand, layoffs, and eventually recession.

    The 1920s are calling.

  • Buffalox@lemmy.world
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    4 days ago

    Russian agent in White House put tariff on Aluminum from neighboring very hostile country Canada, and plans to get it very cool and very legal from Russia instead.
    The Russian agent has allegedly been identified, but Americans have decided it’s OK to have Russian agents in the White House now.

    Read Next: Americans puzzled about why nobody likes them anymore.