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There are never any "winners" in a trade-war. EVER.
That said, there will usually be one side that has better leverage, and stands to lose less in a trade war. I think that Trump is using this rationale for dealing with Canada the way he does. The U.S. has been getting screwed by Canada since the 1980s (trade deficits), and Trump wants that to end.
Sympathy bandage?The U.S. has been getting screwed by Canada since the 1980s (trade deficits), and Trump wants that to end.
He thinks a country one tenth the size of the US should spend the same.What evidence do you have that Canada has been "screwing" the US?
Over four decades of trade deficits where Cananda has always been on the 'control' side of the imbalance.What evidence do you have that Canada has been "screwing" the US?
Oh that’s easy. He doesn’t have any nor does he need or want any. Think of MAGA like him as glorified copy machines; somebody else inputs material into a feeder tray, pushes a button, and off they go making copies. That’s all @SkyChief’s post is. Donald inserted “Canada is screwing us! So unfair!” into his tray and now he’s spamming it whenever he sees an opportunity. Copy machines do not understand nor question the material they copy. They do not analyze it. They certainly do not look to justify it. They just make copies.What evidence do you have that Canada has been "screwing" the US?
How likely is it that a country would enter a deal that offered absolutely no benefit to itself?Does Trump believe in fair trade deals where both sides benefit or one-sided trade deals where only the Use benefits? Trump demanded Canada remove its digital services tax on US tech companies. However the US charges taxes on US tech companies, why can't Canada do the same? Should Canada drop this tax and get nothing in return from the US? Is Trump doing the "Art of the Deal" on Canada and is the "Art of the Deal" supposed to piss off the other side?
Over four decades of trade deficits where Cananda has always been on the good side.
“Based on this egregious Tax, we are hereby terminating ALL discussions on Trade with Canada, effective immediately. We will let Canada know the Tariff that they will be paying to do business with the United States of America within the next seven day period,”
“Economically we have such power over Canada. We’d rather not use it,” Trump said in the Oval Office. “It’s not going to work out well for Canada. They were foolish to do it.” - Trump
How likely is it that a country would enter a deal that offered absolutely no benefit to itself?
My God, trade deficits are not a sign you are "being screwed"...... If your economy creates wealth and you spend the wealth elsewhere, you have a trade deficit. I earn my money one place, and spend some at Kroger. I have a trade deficit with Kroger as they are not buying from me.... I could start a trade war with Kroger, but they will just sell my spinach to someone else without losing a wink of sleep.There are never any "winners" in a trade-war. EVER.
That said, there will usually be one side that has better leverage, and stands to lose less in a trade war. I think that Trump is using this rationale for dealing with Canada the way he does. The U.S. has been getting screwed by Canada since the 1980s (trade deficits), and Trump wants that to end.
I don't need to. The trade deficits with Canada since 1985 are a matter of fact, and not my opinion. You can research the figures for yourself if you're really interested.And what actual damage have these trade deficits done to the US? Can you post a figure with research behind it?
I don't think that the population of Canada has anything to do with it.Does the deficit exist because Canada has a tenth of the population of the US?
That's a ridiculous question.Do you think the Canadian government has a secret palace where it stores money stole from the US through "bad trade deals"?
The trade deficits since 1985 are not fantasy - they are FACT. Canada stands to lose a lot more than the U.S. because the lion's share of Canada's exports go to the U.S.How is the US the most powerful and richest country in the world and screwed over by every other country in the world? How does that make sense? It seems this is a fantasy, not reality.
Why can't people do simple polls correctly?Does Trump believe in fair trade deals where both sides benefit or one-sided trade deals where only the Use benefits? Trump demanded Canada remove its digital services tax on US tech companies. However the US charges taxes on US tech companies, why can't Canada do the same? Should Canada drop this tax and get nothing in return from the US? Is Trump doing the "Art of the Deal" on Canada and is the "Art of the Deal" supposed to piss off the other side?
A trade deficit is neither good nor bad.
What an absurd statement.It seems that Trump nor you grasp this very simple economic concept.
I don't need to. The trade deficits with Canada since 1985 are a matter of fact, and not my opinion. You can research the figures for yourself if you're really interested.
I don't think that the population of Canada has anything to do with it.
That's a ridiculous question.
The trade deficits since 1985 are not fantasy - they are FACT. Canada stands to lose a lot more than the U.S. because the lion's share of Canada's exports go to the U.S.
Why can't people do simple polls correctly?
Seriously?What is wrong with my poll?
Simply bloviating “there is a trade deficit, we are being screwed” is just about the dumbest, economically ignorant statement someone can make. Which of course is why Trump and his supporters parrot it.I don't need to. The trade deficits with Canada since 1985 are a matter of fact, and not my opinion. You can research the figures for yourself if you're really interested.
I don't think that the population of Canada has anything to do with it.
That's a ridiculous question.
The trade deficits since 1985 are not fantasy - they are FACT. Canada stands to lose a lot more than the U.S. because the lion's share of Canada's exports go to the U.S.
Seriously?
Read your question. It is not even a full sentence.
This question is a Straw-man, because I did not say that this trade deficit with Canada has done economic damage to the US.And what evidence do have that this trade deficit with Canada has done economic damage to the US?
Another Straw-man question. I never said that Canada "cheated" the U.S.What evidence do you have Canada has cheated the US?
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