OTTAWA - Canada is moving to shore up its domestic steel industry amid U.S. President Donald Trump's ongoing global trade war, with new tariffs targeting China and other countries around
And this is how tariffs should work - not targeting the whole countries randomly but protecting the local industries and jobs instead against unfair competition. Good job Canada!
I’m not sure about raw material. But for processed goods, to much tariff would create a situation where the local industry would price their product targeting a market segment with tariff included. It’s only good for preserving industries in short term solution. Prolong tariff would make them lose their competitiveness in world market and become reliant on tariff to survive…
Protecting local industries a.k.a. pandering to special interests. Sectoral tariffs are just as corrupt and pernicious when Trump levies them on Canadian steel and cars, as when Canada levies them on other countries’ steel and cars.
And this is how tariffs should work - not targeting the whole countries randomly but protecting the local industries and jobs instead against unfair competition. Good job Canada!
I’m not sure about raw material. But for processed goods, to much tariff would create a situation where the local industry would price their product targeting a market segment with tariff included. It’s only good for preserving industries in short term solution. Prolong tariff would make them lose their competitiveness in world market and become reliant on tariff to survive…
Just so long as Carney the Coward retaliates against Trump as well for the tariff increase.
I had not heard this nickname before and am generally not fond of giving politicians silly nicknames, but if the shoe fits ¯\_(ツ)_/¯
Protecting local industries a.k.a. pandering to special interests. Sectoral tariffs are just as corrupt and pernicious when Trump levies them on Canadian steel and cars, as when Canada levies them on other countries’ steel and cars.