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Posted on 08/22/2025 6:33:28 PM PDT by SeekAndFind
We saw great news earlier with Federal Reserve Chair Jerome Powell hinting that interest rate cuts will be coming. Then, the Congressional Budget Office (CBO) estimated that tariffs on foreign countries will likely reduce the deficit by $4 trillion over the decade. Those stories likely helped to send the stock market soaring, with the Dow Jones hitting its all-time high.
Now there's more positive news. President Donald Trump and Canadian leader Mark Carney had a phone call on Thursday on trade issues. As a result, Carney announced on Friday that Canada would be dropping most of its retaliatory tariffs on the United States. After all the anger the liberals whipped up, Carney had to explain that they would remove tariffs on goods covered under the USMCA agreement.
Canadian Prime Minister Mark Carney announces that Canada will be DROPPING their retaliatory tariffs against the US and removing tariffs on US goods covered by existing trade deals.pic.twitter.com/Y9ONDpOk1g— Libs of TikTok (@libsoftiktok) August 22, 2025
Carney said Canada will now match the US by ending its tariffs on goods compliant with the US-Mexico-Canada free trade agreement (USMCA). He said that would "re-establish free trade for the vast majority" of goods that move between the two countries.
The decision will go into effect on 1 September, Carney said. [....]
In a statement to the BBC's US news partner CBS, the White House said it welcomes Canada's move, adding that it is "long overdue" and that the US looks forward to continuing discussions with its northern neighbour about trade and national security.
Trump confirmed that, and it sounded like they made a lot of progress.
Translation? Canada can posture all it wants. However, the bottom line is: we have the leverage, and they had to cave. They rely on us, even for national security. Trump knows it and can push them. That's why Carney had to explain to the Canadians why their deal is better than that of other countries, and how important the relationship with the U.S. is.
READ MORE: Ante Up: Trump Announces 50% Tariff on Canadian Steel and Aluminum
Trump Pulls No Punches, Responds to Eurotrash 'Allies' Defying America Over a 'Palestinian State'
They're still working on the questions around steel, aluminum, and autos.
Canada, for its part, has placed 25% tariffs on American steel, aluminium and autos. Those will remain in place for now, Carney said.
Economists have warned that US tariffs on steel and aluminium are "hugely disruptive" to Canada, as it is a major supplier of both metals to the US. Canadian companies have already reported cutbacks and contract cancellations as a result.
Expect Canada to bring that down, too, after they talk again.
That's more winning on the day, with likely more to come.
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Know when to hold um, know when to fold um
Pull as much manufacturing out of Canada because of the their labor laws, taxes and regulations. US is much better. Mexico does have cheaper labor so US and Mexico can divide the manufacturing spoils between the two.
Canada is like EU. Why make anything there? The markets are in the US and lower tariffs and shorter supply chains to US factories and consumers makes locating auto plants, parts and other manufacturing in Southern US attractive in the long term.
Elbows down for Carney.
Makes sense to drop retaliatory tariffs, since they are only driving up costs in Canada and not having much impact on U.S. policy. In fact I believe it would make sense to drop all tariffs (these are just the retaliatory ones that were dropped), and support whoever is negatively impacted, the total cost of doing it that way would prove to be lower than the other way around. And it would remove all irritants, even if we got screwed over a bit here in Canada by having no tariffs at all. Then we could come up with a new national motto and drop “sorry.” Maybe “this is how you pass the baton in the relay?” Wonder how that translates into Latin?
Looking forward to when that clown of our premier allows Jim Beam back in our liquor stores again. I might just jump across the border to Ogdensburg, NY to grab a bottle or two.
Oh Canada - talk big, then put yer tail between yer legs and comply....😉
And for those here who complain about the tariffs...
“Then, the Congressional Budget Office (CBO) estimated that tariffs on foreign countries will likely reduce the deficit by $4 trillion over the decade. Those stories likely helped to send the stock market soaring, with the Dow Jones hitting its all-time”
Canada, a yuge third world nation, containing nothing but trees.
We have our own trees.
Canada, FU eh?
“the headaches that come with providing employee health insureance.”
That’s why we have Medicaid. Food Service, Hotels, low wage Manufacturing workers are on Medicaid.
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