John,
Ontario premier Doug Ford tried to intimidate Donald
Trump this week by announcing he would impose a 25% surcharge on
electricity exports to the US.
It didn’t last long.
A few hours later, he backed down when Trump announced
he would DOUBLE tariffs on Canadian steel and aluminum from 25% to
50%.
This is so silly!
Is it that
difficult to understand?
WE’RE NOT GOING TO WIN A TRADE WAR WITH THE
US!
We’re hurting our own economy ten times
more than theirs with these silly retaliatory tariffs, and giving
Trump just another pretext to escalate the dispute.
What
should we do instead?
We should unilaterally stop all
forms of retaliation.
Then we should take Trump at his
word and tell him we accept his idea of having reciprocal tariffs, and
that the best situation for both countries is therefore to lower all
tariffs.
We should tell him that we’re willing to put
dairy supply management on the table and get rid of the sky-high
tariffs that protect this unfair system.
We should
tell him that we are open to lower or eliminate any other tariffs in
the context of reciprocity.
We should tell him we’re
willing to reopen the North American free trade agreement and sit down
right away to have a wide-ranging discussion over all these
issues.
That is how to disarm the situation and find
our way to a deal.
But neither Ford, nor Carney or Poilievre,
will take that route.
Meanwhile, the Australians are lucky to have a prime
minister who understands economics and won’t play this stupid game of
retaliation.
This is what he said:
“Tariffs and escalating trade tensions are a form of economic
self-harm and a recipe for slower growth and higher inflation. They
are paid by the consumers. This is why Australia will not be imposing
reciprocal tariffs on the United States.”
If only we had such
politicians in Canada…
John, we need to elect Members
of Parliament who will work with President Trump to strike a deal
instead of blustering ridiculously.
Can you
contribute $25 to our war chest for the fast-approaching election?
Many thanks!
-Max
Here is a list of events you might like to attend if you live in one of these areas: