Canada Follows Mexico Caving To President Trump \ stacker news ~news

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Canada Follows Mexico Caving To President Trump

274 sats \ 19 comments \ @Cje95 3 Feb news

When you look at Exports and Imports it always blew my mind that Canada and Mexico were trying to hit us with tariffs when at the ends of the day they are much more reliant on the US to import their goods. Well after Mexico caved now Canada has either Trudeau‘s announcement

What is funny as well is that Canada canceled it own pipelines for crude and natural gas to flow to the Eastern part of Canada and relied on pipelines through the US as well

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67 sats \ 4 replies \ @kepford 3 Feb

I'm no Trump fan but the reactions to him are pretty entertaining to watch. Especially when they are so predictably wrong.

9 sats \ 0 replies \ @PictureRoom 4 Feb

That's what I've been feeling and seeing too.

9 sats \ 0 replies \ @Cje95 OP 3 Feb

It’s wild right?! I mean I would never want to be friends with the guy and think he does a ton wrong but bottom line is he is doing exactly what he ran on. He’s delivered more results already this year then we got last year with him getting Panama out of the Belt and Road and Venezuela releasing hostages

9 sats \ 1 reply \ @SimpleStacker 3 Feb

I've been using the term "pearl clutching" a lot lately. Because that's what everyone does in reaction to Trump, and that's all it usually turns out to be.

9 sats \ 0 replies \ @kepford 3 Feb

I have heard people comment that they are in fear for their lives... These aren't criminals or people subject to deportation either. After ten years of the fear porn industry telling people stuff like this you'd think people would figure it out.

21 sats \ 0 replies \ @freetx 3 Feb

Castro Jr sounds like Trump Jr in that tweet....

0 sats \ 12 replies \ @Butterfinger 4 Feb

Dump is bluffing about the tariffs, it will harm the dollar and the US economy. Donald Dump will dump the dollar, someone had to do it.

9 sats \ 10 replies \ @Cje95 OP 4 Feb

Umm hate to break it to ya but not only does the data say the complete opposite but it pummeled the Canadian Dollar and Peso because they rely on the US.

Also did you forget Trump has clearly said the dollar is to strong? That it harms our businesses? Either you have TDS or you fail to read charts and graphs that show how this was going to play out. He got everything he wanted at the end and it was because Canada and Mexico can’t afford it and never will be able to in regards to fossil fuels which both countries rely on.

0 sats \ 8 replies \ @Butterfinger 4 Feb

So a strong dollar hurt usa citizens? How? Is deflation is bad? Why?

10 sats \ 7 replies \ @Bell_curve 4 Feb

a strong dollar is bad for American exports Trump wants to boost American exports and one way to achieve that is with a 'weaker' dollar

not saying I agree with him but that's where he is coming from

9 sats \ 2 replies \ @Butterfinger 4 Feb

so all americans should accept to lose value with a weaker dollar in favour of a few exporting companies? It's like saying I am so happy my wage is losing 15% per year, because at least boeing and ford are exporting more. lol

0 sats \ 1 reply \ @Bell_curve 4 Feb

no American 'should' accept anything

if you work in an export industry like agriculture a weaker dollar sounds beneficial but it's only a short term benefit

stronger dollar benefits all Americans in the long run

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9 sats \ 3 replies \ @Cje95 OP 4 Feb

Exactly. When you are trying to ramp up your exports a strong currency is an issue for a company because of the cost to produce is often much higher compared to weaker currencies. A prime example is Southeast Asia being used to manufacture and export. Due to their weaker currency it’s cheaper for them compared to the US.