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Rich people like inflation. The last scorching inflation we had in the 80s, CDs for 3 years and only 10,000 dollars drew 13.5%, there was also high, high, high unemployment, home loans were 18.5% interest with good credit. This set the farmers up or losing their farms and the Savings and Loan collapse and the subsequent 113 Billion Bail out. This was WITHOUT gutting our federal agencies, cutting back on SNAP and Medicaid and firing federal employees and gutting the agencies' ability to do oversight with the Offices of Inspector General. I can't even tell you why Dept. of Defenses is calling off our cyber defenses against Russia who hacks everything in America nuclear power plants, hydro, etc. Got my gas today - our refineries are fitted for Canadian oil though it's not a 25% tariff but Canada could slap an export tax on it to be paid by us.

The US invents Fentynol and exports to the World.\nThe US has been taken over by the Oligarcy and Madman Musk,a US Foreigner.Canada must align itself with Europe and teach Trump a lesson.

Trump also accuses China of fentanyl. The truth is, China produces a precursor or an ingredient of fentanyl and legally exports to pharmaceutical companies all over the world. Not like the drug dealers in the US call up China and say” hey China, hook me with some fentanyl, bro!”

I support the USA. The tariffs will hurt Canada and Mexico far more than the USA. In 2023 - 76% of Canada's exports were shipped to the US. That is 19% of their total GDP. Mexico exported 78% of its exports to the US, which is 37% of its GDP. US exports to Canada & Mexico combined were only 2.7%. Both countries will need to find other buyers or capitulate. No wonder Trudeau is screaming like a stray dog hit by a rock.

Well said Mr. Trudeau! We Canadians absolutely support your statements. I certainly hope, that if the US remove the said tariffs, that we will keep our export tariffs on the selected products for 4 years. Let the next ad ministration get the win of us removing the tariffs. Yes we will go through a rough time, but we will get through it. Enough with the threats from Trump.

Trudeau is acting like he did anything but all he did was screw his countrymen. Also ur exports keep em an we will keep ours. Because let's be honest it's only help on the bridge it's not helping us Americans or Canadian working-class people

Americans obviously didn’t understand what tariffs are, didn’t get that it’s an import tax which they must pay on goods and products they buy from Canada, a tax which tRump collects from Americans and uses to pay for tax-cuts for the richest citizens. But one more thing Americans don’t get is that before this fateful day an unofficial boycott against ALL US goods has been growing since tRump insulted Canada’s Prime Minister and threatened Canada’s sovereignty—whereas Canada’s official countervails ( which only kicked-in today )only target certain US goods, not ALL of them like ordinary Canadians are doing in growing numbers right now—in fact, the imposition of tRump’s tariffs today has only made the unofficial boycott bigger and more organized. It’s heartening that so many nations have solicited Canada, offering alternative sources for common US exports to Canada —citrus fruits, pharmaceuticals, and other manufactures, to name a few.\n\nI don’t think Canadians even realize how big this unofficial boycott is getting because it’s growing so fast. I’ve never seen a surge in Canadian patriotism like this. Never in my seven decades —which includes the two Referenda on Quebec separation. And there’s a federal election approaching when all partisans will be one-upping each other in the patriotism department—which manifests in more boycotts of US goods and hospitality services.\n\n Americans should know that the unofficial boycott is more harmful to US exporters than the official targeted countervails because it features immediate and longterm diminishment of Canadian purchases of US goods—all retailers know it’s very hard to recover lost customers once they’ve found alternatives (and the added patriotic effect only makes it worse). Included is diminishment of Canadian visits to the USA. Indeed, the internet is replete with testimonies of Canadian”snow birds” not only forgoing their annual sojourn in the Florida or Arizona sunshine but also of selling their properties there with the parting shot, “I will never vacation in the US again!” Already Mexico has seen its visits from Canadians (who have had a modest presence in Mexico for years) surge to unprecedented levels. I know from much-welcomed temp Mexican construction workers in BC (where I live) that they view Canadians completely differently from our mutual US neighbours—and now that affection is growing like never before. \n\nI’m continually amazed at how uninformed Americans are about tariffs—and misinformed by tRump and his goofy, preposterous, and ridiculous fantasy of world-domination. When tRump uses the lame excuse to implement emergency powers —that Canada is “allowing” (as Vance puts it) fentanyl to “pour into the USA”—it’s tantamount to saying Ukraine started the war with Russia. The man is a tendentious liar and narcissistic megalomaniac. \n\nI have faith that the great nation of the USA will reject tRump’s crazy policies—we all just have to hang on and let the needless suffering for both our nations (and the world with regard strategic alliances) play out until he either relents, is swamped in legal repercussions, is impeached, or otherwise removed from office!\n\nGood luck my American and Ukrainian friends!

If he REALLY wanted to make an impact he would stop the gas exports and other imports from the US.

this is hilarious, we barely export anything, this hurts canada more than us. Man, the US needs to export more, we need to stop depending on other countries for imports, that's no good.

Does the US EXPORT or IMPORT more fentanyl to Canada?

Canada has alway had a tariff on US goods. Canada exports aprox 78% of their goods to the US, while the US exports aprox 17% to Canada. Canada will be crushed from this, but if that's what needs to happen to get them in line, then ok.

All this bluster about fentanyl, yet China is the main exporter of these precursor substances - well, they only have 20%. Awesome! The biggest risk now is that the trump administration divides and conquers - the free world needs to stand together against the US. Yes, it's strange to say, but that's the reality we live in. The earlier we wake up, the better.

Trump's Import Tariffs Are To Combat a Non-Existing Problem \n \nThe import tariffs that US President Donald Trump has imposed on Mexico, Canada and China are meant to combat a non-existent problem, economics editor Jonathan Witteman recently analysed. Trump sees the structural trade deficit (the difference between the export and import of goods and services) that the United States has with almost all of its trading partners as a sign of weakness. Contrary to almost all political left-wing and also right-wing economists, he believes that a trade deficit is bad for a country's economy and believes that the US is being cheated by countries that export more to the US than they import. \n \n'I have said that the EU must make up for its enormous deficit with the US by purchasing our oil and gas on a large scale. If not, punitive tariffs will follow', Trump said last December, for example, about the trade balance between the US and the European Union. \n \nA connection between a bad economy and having a trade deficit cannot be found, political economy professor Andres Freytag concludes in the analysis. There are many countries in the world, such as Germany, with a trade surplus but a poorly performing economy. The opposite is more likely to be true: in countries with a trade surplus, more people are unemployed. This was shown by the Peterson Institute. \n \nTrump's tariffs are more dangerous for the economy, because they reduce imports and exports, partly because other countries in turn impose punitive tariffs in response. Trump's announced import tariffs during his first term even led to a larger trade deficit and to 7.2 billion dollars in welfare losses in the US.

I’m standing with our friends in Canada. I wish they will export more to us in Europe. I’m also boycotting the US for the evil regime that they elected.

Europe imports 7% of the Oil from the US and 0.8% from Canada. Dear Canada, instead of exporting to the US, we will happily replace the US.

Canadian government has made Canadians paralyzed for decades with high tax rates, made worst business decisions emptied citizens pockets to fill outsiders and their own. Instead of making Canadians rich you have made us poor. I don't disagree to standup for yourself but our foundation is the weakest. If you want to change something think of Canadians make things easier...STOP making admissions hard for professionals pay more wages where its needed and stop increasing minimum wages without improving the lifestyle of people. A 16 yr old making minimum wage and don't even know what to do with the money improve the quality of life. Make businesses boom by helping them with easier access to grants and business approvals. Help investors to grow and help middle class to become investors, make import export much easier. Better laws to protect investors...help those who are growing the economy not dinging them with more and more taxes. This tariff war is going to hurt us more than anyone else. Us poor Candians will have to pay for this hurt our children and our seniors. And that's exactly what Trump and Elon want. To the next Canadian PM - HELP CANADIANS! LET LIVE AND LET GROW...

presumably the earnings from the Canadian import taxes can be given directly to the business that export to the US to offset their 25% :D

Total US GDP on exports to Canada and Mexico is 2.7%. We’re not going to feel your tariffs in the USA. But you will feel ours haha.

If your insane president won't back down, electricity will be cut off, and potash and nickel will no longer be exported. Agreements with Homeland security will be canceled, NORAD may be cancelled, and cross border travel will be severely restricted soon. Canadian armed forces will be standing by to halt an American military operation, and our European Allies will join us for what we hope will only be another cold war.

Canada supplies up to 40% of American power so an export tariff would cripple the US, its economy isn't good

The only thing Canada gives to us is oil and some auto parts. Other than that. Nada. 75% of Canada's exports are purchased by United States consumers. Without the U.S., Canada would crumble.

As far as alcohol exports Canada exports over 600 million dollars to the us while the us exports 255 million to Canada. Both countries lose. But this does highlight the trade deficit between the two countries. 63 billion dollar trade deficit with canada is enormous. I don't know what the solution is, but i know this will be painful for all.

Justin Trudeau has been forced to step down! \nCanada charges 25% tariff for all US goods exported into Canada! You notice how the ex Prime Minister doesn’t mention that this is a reciprocal tariff Canada charges us 25% for anything in the US export to them and some farm items they refuse to allow in their country! With that said! Justin Trudeau is a huge hypocrite, Tyrant, Dictator!

Mitch and Rand are shaking in their Glencairn and balloon snifters over this...but do not have the testicles to object to *RUMPS tariffs. Liquor sales and production are already down nationwide in the US, especially for bourbon...and they cannot afford to lose the business. Kentucky distilled spirits exports to Canada is an $89 million business. Gently inhale from your glasses, Senator's...Canada is going to give you a sniff or what's to come for your industry

As an American and stock investor, I firmly believe that Canada should just ban the export of goods, services and energy products to the US and increase their trade with other countries with the condition that trade will be unbanned once the entire GOP is removed from political power in all three branches of the US. They would be removed either willingly or not within days if not hours.

The border is just a smoke screen. Trump wants to cripple your economy so that he can move in and make you the 51st State of America. He is a dictator who, like his hero Putin, wants to build empires.\nI'm in Europe. I've already stopped buying anything American and if you export to us in Europe, I will buy Canadian.

Up till now Canada has been the US’s biggest export destination. This BS by Trump will cost your country jobs, not to mention inflation. Time for an intervention!

Not sure why he’s mad at the tariffs if it’s reciprocal. Unless of course, Canada will be losing more money because they export more.\nAlso not sure why he’s crying to the US citizens and our economy instead of his own.

Idiots won a political contest often feel revolutionary and decide to export it to other countries. Maoism, Leninism, Islamic Rev in Iran.. now Trump and Vance think they must correct EU and Canada and elsewhere as they think they are correcting US.

Not personel just buisness. No we are not. We are trying to get the tyrant (putin to the table) EU is weak and we are the only ones who can solve this war. Yet NONE of you even tried while Biden was in office. This will enable us to produce these goods at home and you as well. No need to import export everything. You will come out well too. Its the game you all are playing.

I am happy that this will increase the costs on the american people. I hope all provinces remove all USA produced alcohol from their shelves. I hope we apply levies on all energy and mineral exports to the USA. This would include potash, oil, power, nickel, uranium, lumber, etc. I have no ill will to the american people, but your president (whether you elected him or not, he is YOUR president) has started this and you, the american people, are going to end up paying more for everything in the very near future. Your president has now started the FA, and the US public is about to FO. This is NOT hurt any of your billionaires or politicians that brought this upon you. You cannot be upset at anyone than your elected officials.

Oh, the solution is pretty simple, as is the reverse of tariffs. Most of Canadians savings are poured directly or through investment funds into Wall Street to increase US investment. The main export of US is bonds and stocks. Let the Canadian government introduce a tax on any investment on its residents on any asset in US currency or us denominated. Immediately billions and billions of dollars ( CAD ) would return into the country. Too bad for US treasury bonds and stocks.

We have maintained a high level standard of living, when by all rights we should not have it. Many want to blame government, but one part of the problem is an over reliance as an exporter of raw natural resources and a reliance on generally a single market (USA) for our goods. Interestingly enough the problems have been reinforced by governments of every type. What annoys me most is that these issues have been known for a long time, and the various governments have been scared to do anything about it. And they never took Sir Donald's words seriously - either about the tarriffs or statehood. I have heard zero from any level of government looking for new markets for our goods, yet they have had since November to do something. Going to be a stressful ride for many of us. I am recently retired and wonder if I should be worred.

Because the USD is the world reserve currency, money flows into the US. And this unparalleled slush fund is then used to fund venture capital which, then, leads to more innovation in a virtuous circle. The Cdn$ is not a reserve currency, however. Uninformed or wilfully ignorant US politicians point to the US deficit as some kind of problem when, in reality, it represents how the US exports its problems onto the rest of the world that uses the US dollar as an exchange mechanism. If the US dollar loses its exchange value for other countries then the US will be faced with the same issues as other western countries--such as Canada. This isn't to exonerate the failures of both Liberal and Conservative Canadian governments over the past 20 years. More to say that productivity is lower in Canada than the US because Canada's currency isn't the international mechanism of exchange . . .

We export our goods / services to America &. keep our export earnings in US as forex rezerves as USD is reserve currency. Rest of the world follow the same. Cant US afford to give sundry jobs to illegal immigrants? Rest of the world should withdraw Foreign currency reserves from US & minimise dependency on US goods & services.

make us pay back to export our ressources

Canada should stop export oil to US....

The US wants to stop illegal immigration and the importation of drugs from Mexico.\nMexico does not care at all. (For decades)\nNow, a *US President with balls* , acting for his country, is doing something! \nThe same goes for China, which is the main chemical drug producer (Fentanyl) exporting to the USA.\nWhy blame a President who acts for his country?

First, the US sanctions Venezuela because they don't like their president. (Talk about election interference done subtly). Due to this, their economy collapses because being a small country in the American continent, they are way too dependent on the US for their import exports.\nA bad economy makes crimes sky rocket in Venezuela, due to which every family that cares for their children, want to leave and come to a safe nation like the US, where they are denied entry.

It's not zero sum game. It's pretty foolish for US to treat Canada such a way, they are not only their neighbor but, their ally. Furthermore, US crude oil production is at deficit if compared to their consumption. So, if Canada stop exporting crude, US economy and industries will collapse.

Trump says EU tariffs will ‘definitely happen’ as Mexico, Canada and China retaliate \nTrump takes softer line on UK, saying ‘I think that one can be worked out’, while Mexico and Canada vow levies and to strengthen ties with each other \n \nPhilip Wen, Léonie Chao-Fong and agencies \nMon 3 Feb 2025 03.57 GMT \nShare \nDonald Trump has threatened to widen the scope of his trade tariffs, repeating his warning that the European Union – and potentially the UK – will face levies, even as he conceded that Americans could bear some of the economic brunt of a nascent global trade war. \n \nIt comes as Trump’s tariffs on Mexico, Canada and China, announced on Saturday, sparked retaliation from all three countries. Mexico and Canada have vowed levies of their own while China and Canada are seeking legal challenges. \n \nTrump said on Sunday night that new tariffs on the EU will “definitely happen”, repeating previous complaints about the large US trade deficit with the bloc and his desire for Europe to import more American cars and agricultural products. \n \nEmpty shelves remain with signs ''Buy Canadian Instead'' after the top five US liquor brands were removed from sale at a British Columbia liquor store in Vancouver. \nAsian sharemarkets tumble in response to Trump tariffs \nRead more \n“It will definitely happen with the European Union, I can tell you that,” he told reporters. “I wouldn’t say there’s a timeline but it’s going to be pretty soon.” \n \nTrump appeared to take a softer line on the UK, citing a good relationship with prime minister Keir Starmer while saying tariffs still “might happen”. “The UK is out of line but I’m sure that one, I think that one can be worked out,” he said. \n \n“Well Prime Minister Starmer’s been very nice, we’ve had a couple of meetings, we’ve had numerous phone calls, we’re getting along very well, we’ll see whether or not we can balance out our budget.” \n \nIn Canada, the department of finance published a list of US products imported into Canada that it will target with a 25% retaliatory tariff starting on Tuesday. \n \nThe list shows products that will be hit in the first round of retaliatory tariffs by Canada starting on Tuesday, and mounts to $30bn Canadian dollars’ worth of goods (about US$20bn). The impacted products include tobacco, produce, household appliances, firearms and military gear. \n \nCanada is also preparing for a second, broader round of retaliatory tariffs in 21 days that will target an additional C$125bn (US$86bn) worth of US imports. The second list would include passenger vehicles, trucks, steel and aluminum products, certain fruits and vegetables, beef, pork, dairy products and more. \n \nFILES-US-CANADA-MEXICO-CHINA-TRADE-TARIFFS<br>(FILES) US President Donald Trump speaks to the press after signing an executive order in the Oval Office of the White House in Washington, DC on January 31, 2025. Trump is imposing steep tariffs on major US trading partners Canada, Mexico and China, with a lower rate on Canadian energy imports, said the White House on February 1, 2025. Washington will impose a 25 percent levy on imports from Canada and Mexico, with a 10 percent rate on Canadian energy resources, until both work with the United States on drug trafficking and immigration. Goods from China, said the White House, would face 10 percent tariffs. (Photo by Mandel NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images) \nTop Democrats warn tariffs will hit Americans hard as Trump says it’s ‘worth the price’ \nRead more \nClaudia Sheinbaum, Mexico’s president, said her government will provide more details on the retaliatory tariffs she ordered on US goods on Monday. Sheinbaum, in a statement on Sunday, said she will announce details on her government’s “plan B” as she insisted that Mexico “doesn’t want confrontation”. \n \n“Problems are not addressed by imposing tariffs, but with talks and dialogue,” she said. “Sovereignty is not negotiable: coordination yes, subordination no.” \n \n'Coordination yes, subordination no': Mexican president responds to Trump's tariffs – video \nSheinbaum and Canadian prime minister Justin Trudeau spoke by phone on Saturday after Trump’s administration imposed the new tariffs – 25% on goods from Canada and Mexico, with a lower rate of 10% for Canadian oil, and 10% on imports from China. \n \nTrudeau’s office said in a statement that Canada and Mexico agreed “to enhance the strong bilateral relations” between their countries. Canadian officials have had extensive dialogue with their Mexican counterparts, but a senior Canadian official said he would not go as far as to say the tariff responses were coordinated. \n \n“Now is the time to choose products made right here in Canada,” Trudeau posted Sunday on X. “Check the labels. Let’s do our part. Wherever we can, choose Canada.” \n \nTrump acknowledged the sweeping tariffs he has imposed on Mexico, Canada and China may cause “short term” pain for Americans as global markets reflected concerns the levies could undermine growth and reignite inflation. Asian markets, cryptocurrencies and US and European stock futures slumped in early Asian trading on Monday. \n \n“We may have short term some little pain, and people understand that. But long term, the United States has been ripped off by virtually every country in the world,” he said. day, Trudeau said: “We’re certainly not looking to escalate, but we will stand up for Canada.” However on Sunday evening, a senior government official from Canada briefing reporters in Ottowa on condition of anonymity said: “We will obviously pursue the legal recourse that we believe we have through the agreements that we share with the United States.” \n \nThe official said the Canadian government considered the move by Trump illegal and said it violates the trade commitments between the two countries under their free trade agreement and under the World Trade Organization. \n \n“If other legal avenues are available to us, they will be considered as well,” the official said. \n \nCanada is the largest export market for 36 states, and Mexico is the largest trading partner of the US. \n \nCanada and Mexico ordered the tariffs despite Trump’s further threat to increase the duties charged if retaliatory levies are placed on US goods. \n \nChina also said it would file a lawsuit against the tariffs. The imposition of tariffs by the US “seriously violates” World Trade Organization (WTO) rules, China’s commerce ministry said in a statement, urging the US to “engage in frank dialogue and strengthen cooperation”. \n \nFiling a lawsuit with the WTO would be a largely symbolic move that Beijing has also taken against tariffs on Chinese-made electric vehicles by the EU. \n \nThe commerce ministry also said the tariffs were “not only unhelpful in solving the US’s own problems, but also undermine normal economic and trade cooperation”. China has said it would take countermeasures to “safeguard its own rights and interests”. It is not clear exactly what form these will take yet. But for weeks Chinese foreign ministry spokesperson Mao Ning has said Beijing believes there is no winner in a trade war. \n \nLate Sunday night, Trump said he would speak with Trudeau on Monday morning and shortly after said he would speak with Mexico as well, although he did not specify that he would speak with Sheinbaum. \n \nBeyond the official response, people were already thinking of ways to cope with Trump’s decision, including by sharing suggestions on social media for alternatives to US products. \n \nCanadian hockey fans booed the US national anthem on Saturday night at two National Hockey League games. The booing continued on Sunday at an NBA game in Toronto where the Raptors played the Los Angeles Clippers. \n \nFrom left to right, Toronto Raptors forwards Bruce Brown, Scottie Barnes and Chris Boucher react as fans boo the United States national anthem before NBA basketball game action against the Los Angeles Clippers in Toronto, Sunday, Feb. 2, 2025. (Frank Gunn/The Canadian Press via AP) \nToronto Raptors fans boo US national anthem after Donald Trump tariffs \nRead more \nOne fan at the Raptors game chose to sit during the anthem while wearing a Canada hat. Joseph Chua, who works as an importer, said he expects to feel the tariffs “pretty directly”. “I’ve always stood during both anthems. I’ve taken my hat off to show respect to the American national anthem, but today we’re feeling a little bitter about things,” he said, adding that he will start to avoid buying US products. \n \nIn the streets, people in Mexico were trying to absorb the announcement on Sunday, although some in the capital acknowledged that they were unaware of the measures. \n \nIn the border city of Mexicali, across from Calexico, California, some people were concerned about the wider implications of a trade war. \n \nDriver Alejandro Acosta says that he crosses the border weekly in his truck to deliver vegetables to US companies. He said he fears US businesses in the Mexicali Valley will no longer want to operate in Mexico and they will move to the US. \n \n“If they raise taxes on the factories here, jobs may also decrease,” he said.

Ban the Uranium export to US.

Well considering Canada has 72% of exports to the US and Mexico has more than 80% to the US,... Good luck...!

The US imports more than it exports so even if other countries put the same tariff % the US would still make money no? ?\nPeople saying 'we will stop buying US products' my question is what US products were you buying anyway? ?

We love the good people of Canada and can’t wait to welcome them as the 51st State.\n\nThe tariffs are meant to crack down on Chinese exports moving through Canada and Mexico as middle men to avoid their own tariffs. Had both Canada and Mexico regulated the terms of our agreements better on “product origin” then none of us would be in this position. Furthermore, China smuggles drugs through both Canada and Mexico using resins that are chemically embedded with synthetic drugs. So, neither Canada nor Mexico should be climbing on any high horses when their exports are killing our people.

Canadian politicians should have been prudent enough to share the export risks to many consumer countries rather that shamelessly satisfying US for decades.

hahah. 25% on $1 billion in goods exported to canada, while 25% on %539 billion exported to the US. what a joke Canada is. It would be like telling Bill Gates he is getting a ticket for $1,000 for a parking violation. pointless and no effect. As for Mexico, they export to the US nearly 2x what they import from us, so they are still on the losing side. Just co-operate, simple. Borders should have been closed and monitored by all 3 countries in a co-ordinated effort to help all 3 countries.

Let’s get this straight Canada sends 77% of their exports to the US and Mexico sends over 80% of their exports to the US. Who has the upper hand? We buy less than 20% from each country and we can build everything here. We will.??

52% Canada export go to US, 72% Mexico export go to US , and they talk about retaliation, what a clown???

Hurts the US citizens for US tariff imposed on Canadas exports to US. Canada's response: we, too, will hurt Canadians with tariffs imposed on Canada imports from US. Take that! Who pays? The people do. Who cares? Not the babies in charge.