About 25% of Canadian exports are energy to the US. Their economy is already in big trouble so they cannot afford that. Tack on 25% tariffs to the remainder of their exports which about half is to the US and their economy is toast. Trump will absolutely except these terms as they will last a week at best and be a blip on the radar for the US economy. They should have come to the negotiating table and had a seat but now they’ll be on their knees. Doesn’t matter if you agree or disagree on the tactics this is where we’re at now, Trump doesn’t even need to negotiate anymore and just lay out the terms.
While I don't pay much attention to Twitter anymore, because...well...everything.
However, there are some legacy posters with something useful to say, including this one:
https://x.com/GenevaTradeLaw/status/1883932203853467752
> NAFTA was renegotiated 5 years ago, at Trump's insistence. He signed a new deal and proclaimed victory. Now, he's ignoring his own deal and making demands, based on...what? It's clear that migrants and narcotics are just red herrings. He hasn't specified any particular trade complaints - he wants tariffs, because he wants tariffs. Biden left a US economy that has been doing fine - low unemployment, high GDP growth. So, what is Trump trying to fix?
> Come to the table and negotiate? Fine. For the sake of argument, let's assume he has specific trade issues he wants addressed. The USMCA has a mechanism for addressing them. Why is he ignoring his own agreement? Could it be that he doesn't have anything specific to negotiate?
> Canada is the US's largest export customer. Exports to Canada and Mexico combined total more than exports to the rest of the world. Does he want to cripple those economies and kill his main customers? That's stupid.
> As for Canada's economy being in "big trouble", while it isn't trouble-free, does this look like an economy in "big" trouble?
> If "Trump doesn’t even need to negotiate anymore and just lay out the terms", why should - as you suggested - anyone come to the negotiating table?
> Right now, he's trying to pick off his targets one at a time. If the rest of the world smartens up and decides, as a group, that they will not play this game, it's all going to blow up in his face. Of course, that will depend on the rest of the world actually smartening up...
> Bottom line is, he isn't playing 3-D chess. He is creating needless chaos. While there may - ostensibly - be some short-term "wins", over the longer term, if these tactics continue, it will crash the world economy.