Canada's Low-Key Beef with the US Over Trade 😬

The Tea ☕

Alright, fam, so the sitch is this: Canada and the US are still in a whole trade war era, and it's messy af. Some people are saying Trump's kinda winning, which is a major L for Canada. Like, everyone's pressed about these tariffs and who's actually paying for them. It's giving drama.

Canada tried clapping back with counter-tariffs, but some are saying it's not even hitting the US where it hurts and low-key messing up things for British Columbians. Meanwhile, Trump's out here saying stuff that's making everyone side-eye him. Is he even fr about making a deal? 🤨

Mark Carney (Canadian economist and banker) had a whole plan to gaslight Trump, find new trade partners, and boost Canada's own economy. But, TBH, Canada's still struggling to get its own provinces to play nice and trade with each other. It's like trying to organize a group project, but everyone's doing their own thing.

So, what's the move? Canada needs to keep trying to trade with other countries besides the US, but also needs to get its act together and get rid of those internal trade barriers. Basically, it's a whole vibe of "fix yourself before you try to fix others."

But wait, there's more tea! The EU is slapping a 15% tariff on goods going to the US, including cars! The US is saying some goods are safe from these new tariffs, and Mexico got a 90-day chill pass. Also, India's not feeling Trump's threats about upping tariffs on their exports because of the whole buying Russian oil thing. It's a global free-for-all, fam.

Trump signed an order to increase tariffs on Canada to 35%, with rates from 10% to 40% on other partners. A trade deal was agreed upon with South Korea, with a 15% tariff on imports from the country. 50% tariffs were imposed on semi-finished copper products and many goods from Brazil.

The US and EU agreed to a trade deal imposing 15% tariffs on EU goods.