- cross-posted to:
- worldnews@lemmy.ml
- cross-posted to:
- worldnews@lemmy.ml
Summary
In a virtual speech at the World Economic Forum, Trump suggested Canada could become a U.S. state to avoid his proposed tariffs on imports.
The remark elicited gasps from the audience.
Trump claimed the U.S. does not need Canadian lumber, energy, or vehicles, vastly overstating the trade deficit between the two nations.
He reiterated his intention to impose tariffs, potentially as high as 25%, on imports from Canada and Mexico starting February 1.
Economists warn such tariffs would raise prices for U.S. consumers.
I’m going to keep posting this every time I see a reference to US tariffs against Canada.
https://pluralistic.net/2025/01/15/beauty-eh/
The TL;DR is that tariffs would violate the NAFTA / USMCA treaty in which Canada agreed to respect US copyright law in exchange for free trade. No free trade? Canada doesn’t need to respect US copyright any longer and can become a flourishing economy of products to compete with US products that are massively overpriced. Think printer ink and other stuff.
Sweet. Host all pirate sites in Canada.
Not pirated, works no longer covered by copyright in Canada.
That’s amazing. He’s going to absolutely tank the US economy in his first financial quarter of his term.
The treaty that Trump himself negotiated and agreed to.
That’s the treaty he is calling a “bad deal” and threatening to violate.
YES! Thanks for the reminder!
Trump just amended the USMCA on January 17 (takes effect on March 18, 2025)…
Implementing Regulations regarding textile and apparel goods, automotive goods, and other USMCA provisions, allowing CBP to improve enforcement, provide greater clarity for compliance, and reduce uncertainty for importers.
This went way over my head. IANAL.