this post was submitted on 01 Feb 2025
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Since November, President Donald Trump has threatened to impose broad 25 per cent tariffs on Canadian goods. He’s repeatedly claimed the country has no need for Canada’s exports — cars, lumber, oil and food products in particular — because America makes “the same products on the other side of the border.”

Experts predict the ripple effects of a trade war could be crushing for both economies. Canadian and American farmers, who have long relied on a steady exchange of crops, equipment, fertilizer and other agricultural goods, are bracing for impact.

Canada is an important trading partner, both as a customer and as a supplier of crucial inputs like potassium fertilizer.

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[–] ShadowRam@fedia.io 41 points 4 days ago (2 children)

Seriously, media needs to start framing this correctly to the American people.

US - Your government just implemented a 25% tax on a whole pile of goods that you purchase, and they are going to take that money and keep it for themselves

[–] spankmonkey@lemmy.world 30 points 4 days ago* (last edited 4 days ago) (1 children)

Also, despite Trump saying the other countries pay tariffs, tarrifs are actually paid by the country that implements them. You, the American citizens, will be paying these tariffs.

Not Canada.

You.

[–] DaddleDew@lemmy.world 13 points 3 days ago* (last edited 3 days ago) (2 children)

And I bet the food industry will use it as an excuse to add a whole bunch of greedflation on top of it as well like they did during the pandemic. Especially with the current administration, they know they'll get away with it.

The Westons and Waltons of the world are cackling about this right now, guaranteed.

relevant 22 Minutes sketch

[–] thejml@lemm.ee 2 points 3 days ago

After prices go up, if the market absorbs the change, they rarely go back down quickly or at all.. after all, if people can afford 25% more, why sell it cheaper?

[–] Tikiporch@lemmy.world 16 points 3 days ago (1 children)

That's OK, because rich people will be able to buy failing farms for pennies on the dollar, which is the point.

[–] mg2130@lemm.ee 5 points 3 days ago

This needs to be reposted every time the words “Trump” and “Tariffs” are in the same sentence, and/or paragraph.

[–] DarkDarkHouse 4 points 3 days ago (1 children)

Bankrupt the small farmers then buy up their land for cheap in foreclosure sales

[–] rusticus@lemm.ee 3 points 3 days ago

That already happened 50 years ago in the US.

[–] DarkDarkHouse 1 points 3 days ago

Bankrupt the small farmers then buy up their land for cheap in foreclosure sales