Old enough not to conflate tenuously linked - if related at all - topics. I mean, rambling about "communism"? Yep, word salad.
How are Nixon's and Reagan's actions relevant in today's context? And, globalization has cost Canada manufacturing jobs, too. So, why are we at fault? The US, Canada and Mexico have a trade pact - a deal that Trump himself agreed to! Yet, we're the first targets - in complete violation of the CUSMA. Regardless, Trump linked tariffs to drug smuggling and illegal migrants. These issues are only relevant in the most tangential way. I actually don't believe what he's saying anyway. Next week or month, the tariffs will be about something else altogether. In other words, it's all about flex. He wants to be seen as tough. Fine, but it won't come cost-free.
If you don't think these tariffs will drive up inflation, you're living in la-la-land. Tariffs may work in certain sectors, but they will cost in others.
For example, in 2019, Canadian live lobster exports to China, mostly from Nova Scotia, soared after China slapped retaliatory tariffs of 35 per cent on U.S. lobsters. U.S. lobster exports tanked while Canadian sales jumped by 123 per cent, worth a record $384 million. NS fishermen don't want to take supper off the tables of their neighbours in Maine, but if the Chinese want to buy our lobsters, we're gonna sell 'em. Do you understand now?
