Recent searches
Search options
Administered by:
"My government will keep our #tariffs on until the #Americans shows us respect"
@benroyce Well done to the Canadians for standing up to the Trump administration 
It's just a pity they've chosen an economically unsound approach: instead of rejecting Trump *and the idea of trade wars altogether*, they're implicitly accepting the same economic premises as Trump and punishing their own citizens with further tariffs.
The correct 
to the US would be to go to zero tariffs, and let their own people benefit from international trade while US citizens suffer.
what?
you're proposing that canadian businesses be punished and american businesses not be punished
huh?
@benroyce I think you're only looking at the first-order effects ... that is, who pays the tariffs initially.
Ultimately, when a country applies tariffs, the citizens of *that country* pay, in some combination of higher cost of living and unavailable goods.
There's a good (and unsurprisingly timely!) writeup here:
https://mises.org/mises-wire/hidden-cost-tariffs-lesson-bastiats-seen-and-unseen
The idea that trade is a zero-sum game that can and should be weaponized with tariffs is *precisely* the Trumpian thinking on economics that we should be rejecting.
You don't pay the tariffs if you don't buy the goods. That's what the Canadians are doing. They are rejecting US goods.