Back when he was signing USMCA he had this to say about it
And today, we're finally ending the NAFTA nightmare and signing into law the brand-new U.S.-Mexico-Canada Agreement. (Applause.) Very special. Very, very special.
The USMCA is the largest, fairest, most balanced, and modern trade agreement ever achieved. There's never been anything like it. Other countries are now looking at it, but there can't be a border like that because, believe it or not, that is by far the biggest border anywhere in the world, in terms of economy, in terms of people. There's nothing even close.
This is a colossal victory for our farmers, ranchers, energy workers, factory workers, and American workers in all 50 states and, you could almost say, beyond β because it's all beyond. This is all over the world even though it's at one beautiful border β where, by the way, a very major powerful wall is, right now, being built. (Laughter.) Okay? I don't know if I should say that at this particular reading. I know last night it got a very big hand. (Laughter.) Today, they're a little bit like, "Are we supposed to clap now?" (Laughter.)
USMCA has a much weaker dispute resolution process than NAFTA did (something US producers absolutely loathe, Canadian provinces really love doing stupid shit with trade and they can't hold them accountable under USMCA like they could with NAFTA) where countries exchange & approve each others lists of potential dispute panelists. Even in the event daddy has updated this from Biden's list because the treaty requires all the countries to have agreed to changes its unlikely daddy will be able to front load it with yes men. It also allows Canada to just go around the US to the WTO.
The lumber is itself a great deal of lulz that has been going on for decades https://en.wikipedia.org/wiki/Canada%E2%80%93United_States_softwood_lumber_dispute but there are three new opportunities for $DRAMA inflation:
Daddy really doesn't seem to understand how trade works, a tariff on Canadian oil would immediately increase the cost of gas & energy in the US. Just the comment he was thinking about doing it added more than a $1 to oil prices
Daddy is going to have to argue why his own treaty sucks and why its totally Biden's fault his treaty sucks
First challenge to congressional authority. Taxing is an enumerated power of congress and the ability of a president to create tariffs is limited. His pet theory is that the impoundment authority that lets sanctions work allows him to create any tariffs he wants. Congress have to choose between challenging daddy or setting a precedent that future presidents could use however they wanted. Bong's PM called you a mean name? 9001% tariffs on all bong goods.
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Man this is gonna be fun to watch for sure people on our side are ready to push the switch on a bunch of counter measures including cutting off electricity that we supply to the northeastern states via hydro electric in Ontario and QC, raising Alberta oil prices or cutting off all oil exports to the US in general and selling to China instead. Then putting a 25% tarrif on all US goods inbound to Canada.
Canada is the US largest trading partner and has been for a while - I remember trump hating on china and Mexico for undercutting US labour and stealing manufacturing but I don't know what the frick we did. If this does happen it's gonna be a fricking bloodbath.
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Just hop in the bag yourselves leaves. You know the only possible outcome for you
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Oil is actually exempt. Sask and Alberta both bent the knee to daddy and were shown mercy. I'm certain the feds will punish Alberta anyway tho.
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Canadian feds, probably
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Canadian feds can't do anything because parliament has been prorogued, which means none of our elected leader can do anything in response to Daddy Trumps threats.
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leafs are talking about an export tariff on oil. I'm seething because this would be way less of a problem had we built those pipelines 8 years ago to sell our oil on the world market instead of just to the US, but and didn't like that
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The walls are closing in.
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As if Canada doesn't sell out to China as much as they can already lmao.
he said the word!!!
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Yes you do.
If you can't guess why I'm mad at you right now, maybe we should just break up.
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