Archive: [ https://archive.is/uFR6R ]
Some Canadian stakeholders have argued for the government to target US swing states with retaliatory tariffs, to put political pressure on Republicans. But Brian Clow, a former senior Canadian adviser on trade and US relations, said the midterms shouldn’t be a major factor for Canada’s approach to negotiating tariff relief with the US.
“Nobody should expect the Democrats to save Canada or come to our rescue when it comes to Donald Trump’s tariffs,” Clow said. “Although there are some voices speaking out against Donald Trump’s tariff policy, many of them aren’t speaking out against it and may actually support it.”
They’re the same picture
Same outcome sort of, but the older ones gave entire industries a long term advantage that actually benefited the US as a whole. The new ones are just a federal cash grab.
Yeah, I couldn’t avoid the meme response.
Careful tariffs can help shield a local industry against an exploitative economy in another country, which could result in benefits to a larger workforce / population.
But “tariffs so American automakers get higher profits so they can do more stock buybacks” ain’t it. (Example; I don’t really know who other than Trump is benefiting from current tariffs)
The money from the current tariffs goes into the income tax bin to offset the strategic tax cuts for the wealthy.
This is also why the US can’t just get rid if them; they’d have to find the money somewhere else.