Wait wait wait. So not fentanyl then?
But the eggs!
Probably will be made up for by fewer US made autos selling everywhere else. Also, of course this is pretty dumb since US manufacturers make cars elsewhere and Japanese manufacturers make cars in the US. As usual, too, someone who wasn’t a destructive imbecile would realize it takes years to build manufacturing facilities and ramp the tariffs up over time. Plus, the incentive isn’t really there since who knows if they tariffs will even be there by the time they could build US facilities. And oh, yes, I’m sure Elron had nothing to do with this.
This is a good thing. American consumers are going to feel their pain soon and one of two things will happen:
- Trump will walk back his stupid tariffs again: good for Canada short term
- Trump won’t walk back his stupid tariffs this time and will tank in ratings: good for the world at large long term
Your 2nd point doesn’t really matter if Trump follows through with “elect me and you’ll never have to vote again”.
If those factories close down, Canadas demand doesn’t dissapear, they will simply bring in Toyota or Honda to fill the factories and make domestic vehicles and cut out the US. Sure its some short term pain for Canada, but not the permanent pain the US is going to feel.
Demand for US goods worldwide is going to dry up and things are going to get really bad in America. It’s just too bad Canada is so close to such an unstable neighbor, when the government falls it will be chaos.
I guess it’s just another move to weaken all US automakers so Musk and Tesla can sneak in and buy them all up, or just take over their market share.
Time to adopt the latest regulation standards and stop holding back just so Americans can cross this border
Honestly, EU regulations for vehicles are far safer for all involved. Adopting them in whole, even if it’ll take time to implement them, would help greatly as well as opening new markets. Not to mention it’ll block American cars from our market without having to rely on tariffs in the future.
This is exactly the perfect time to implement such regulations, and I hope the government will introduce laws about it once the election is over.
Absolutely, it’s a once in a lifetime opportunity to latch off from NHTSA and save thousands of lives by just copying Europes homework on a few small updates.
Not holding my breath, though. I’m guessing it’s more likely the auto industry will hold on to the hopes of restoring the trade with the US.
Another part for really hoping that the government won’t let this chance go, since the US automakers are already isolated only selling domestically built vehicles in the US, further isolating them by making them impossible to import into Canada would help crush their industries while Canada’s becomes more internationally competitive by adopting EU regulations.
Hell, since EU regulations are tighter than US regulations, we’ll still meet US regulations for the most part, so once the changeover is done, we can still sell over there while they can’t sell over here after the tariff situation is over. A flat-out win-win for Canada and lose-lose for the US.
The trump regime was designed to TANK the US economy so that stocks, businesses, and industries can be bought by billionaires at rock bottom prices.
All is going according to plan.
A few months before trump got to sit on the throne I read Warren Buffet was slowly rebalancing his stocks into cash. Is this the reason? Did he/advisors possibly know what was coming up?
It seems like he really thinks automotive companies can just change their entire manufacturing process and/or find land and build new factories in a couple of weeks.
Canada seems very committed to other allies. Sure, go ahead and try to coordinate with them. Policies, coordinated, that should be announced today:
All US military purchases are paused.
Suspension of military cooperation including expulsion of US personel.
Punishing FDI into the US, with perhaps seizing assets of any related company in Canada. Export tariffs on materials needed for auto industry
Immediate diplomacy with China, to join “delete America” program, and remove tariffs on Canada, more exports, and encourage FDI.
Threaten ROK, JPN, US with relations with DPRK.
Create Government US Export management agency for energy and Potash to ensure good prices, splitting proceeds with Provinces and exporting companies. After tariffs removed, proceeds will go to companies.
Better relations with Mexico including auto sector cooperation. Chinese ships may be needed/helpful for direct trade between our 2 nations. Mexico reorienting their industry to South American demand.
Stop being a rubber stamp for US led council of Americas evil. Better trade/relations with all of South/Central America.Carney’s plan for an all Canadian auto industry is reasonable. Carrots and sticks on industry is needed. Industry fighting back against US is critical. Canada’s greater anger level is a big edge, and I/we won’t mind significant resources devoted to ensuring auto industry survival. But OTOH, it is a very expensive subsidy for jobs that will be disappearing through automation anyway. 0 imports from US ever as punishment, and opening up to much cheaper cars from elsewhere is likely a better value for Canadians/economy, and a tactic to ensure auto industry commitment.
The basics are to act as if USA is already an enemy state to its colonies. Stop pretending that they will change their mind, because they always hated their slaves.
