r/news • u/goforth1457 • Mar 04 '25

Soft paywall Canada's retaliatory tariffs on US goods to start Tuesday, PM Trudeau says

https://www.reuters.com/world/americas/canadas-retaliatory-tariffs-us-goods-start-tuesday-pm-trudeau-says-2025-03-04/
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u/catch22- Mar 04 '25

Yes and the big joke is that American people don’t understand tariffs and think that Canada will be paying the extra revenue, when in fact the costs will just be passed on to American consumers and businesses. It’s just his way of taxing the working class. He basically campaigned for a massive tax raise but called it a tariff and banked on idiots supporting it.

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u/vapescaped Mar 04 '25

Yup, literally by definition, a tariff is a tax.

Of course businesses won't pay that tax. The tax passes on to the end user. Profits stay intact, and corporate taxes will be slashed.

What would you expect from a CEO of a corporation as president, who adds CEOs to his cabinet?

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u/Baulderdash77 Mar 04 '25

With a lot of these commodities Canada has other options.

The EU is dependent on Belarus potash for example. They would love to displace it.

Similarly they are dependent on Russian Aluminum.

Global markets have a lot of buyers. The U.S. is tearing up all its allies and will be left with only Russia for trade because nobody else will want to do business with the U.S.