Canada will match US tariffs 'dollar for dollar' as trade talks break down

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• Hacker News
• We are leaving the time when trust allowed trade agreements that went beyond the maximum minimum with the US. Trust allowed countries to make agreements with the US that had obvious potentials for exploitation, but overall they were followed to the greater benefit of both. Trust enabled that. Now the US has decided to break trust and countries know it. That lost premium means a major loss in value to both sides but ultimately the US will be the biggest looser because the other algorithm here is tit for tat. In a world economy, countries that cooperate will thrive and those that exploit will fail. We are seeing completely uneducated, emotion driven, economic policy play out.
  by jmward01
• I’m interested to see if this spurs other countries to push back on this administration. Once you get a couple of countries to collectively stand firm is when things take a turn. Bullies can only push for so long
  by Aboutplants
• Very interesting speech and Q&A from Prime Minister Carney on YouTube https://www.youtube.com/watch?v=Dx9ExdjaREg .

  He provides some details about the last minute demands that the US made including restricting Canada's ability to trade with other countries. He also refers to the US signature as being written in "pencil".

  by arecurrence
• Good for Canada, quite a shame the EU folded so easily
  by Phelinofist
• As a canadian, i'm so over this drama. They will either trade with us or they won't. If they don't it will be painful - but im happy with the government reciprocating in kind (so we arent being taken andvantage of), and then moving on as best as possible.

  At some point you have to stop worrying about the things you cannot change. If trump wants a lose-lose deal, so be it.

  by bawolff
• On Saturday, he said that American negotiators “asked too much and offered too little.” Among other things, Mr. Carney said that American negotiators pushed to roll back Canada’s efforts to promote Canadian and French language content in online streaming services, subsidies for industries like publishing and film production and even mandatory labeling in French, an official language in Canada, as well as English on packaging.

  “We were close to reaching a comprehensive agreement with the U.S., but they made changes, including threats on French language and culture and Canadian culture that would never be acceptable for that reason,” Mr. Carney said in French. “That marked the end of that stage of negotiations.”

  by etc-hosts
• This is the way. If the US imposes tariffs, impose tariffs on US goods.

  The US administration twists facts to suit their agenda. For example, they often complain about the trade deficit the US has with other countries. However, that deficit often (depends on the country) only exists if you exclude digital goods (Microsoft, Google, Apple, etc.).

  If the rest of the world were to restrict the import of those digital goods, in the interest of fairness, the tech lobbyists would swarm D.C. in panic.

  by bradley13
• The world should've collectively recognised what Liberation Day was and responded together, in lock step, and in kind.

  Instead, the Europeans caved, Japanese caved (PM resigned after doing so), Republic of Korea caved (PM resigned after doing so), India of course caved and so on, shattering any prospect of collective action which might pull the rogue hegemon back into line.

  Now, the US is simply able to renege or renegotiate the bilateral deals whenever he feels like it, forcing the other party to face down the US by themselves - not many can do this, maybe only China. Anyways, I wish the Canadians well and I hope they gain global support

  by hunglee2