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Canada announces retaliatory tariffs
CNBC ^ | 31 MAY 18 | Kevin Breuninger | @KevinWilliamB

Posted on 05/31/2018 11:00:29 AM PDT by DCBryan1

Canada will retaliate against new U.S. tariffs by imposing its own trade barriers on U.S. steel, aluminum and other products, Canadian Foreign Minister Chrystia Freeland said Thursday.

This story is developing. Please check back for updates.


TOPICS: Business/Economy; Canada; Foreign Affairs; News/Current Events
KEYWORDS: aluminum; braking; canada; chrystiafreeland; donaldtrump; maplesyruptariff; nafta; pancaketariff; steel; tariff; tariffs; trade; trump
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To: AppyPappy

“Canada is the 12th largest exporter in the world. In 2017, it exported $433 billion. Three-fourths of this goes to the United States.”

Canada’s GDP is $1.7 trillion. That means they rely on us for 20% of their GDP. Good luck, Trudeau!


81 posted on 05/31/2018 12:24:48 PM PDT by sdthree
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To: bert

Shut off the keystone pipeline.
At Amherst sd..again


82 posted on 05/31/2018 12:25:34 PM PDT by South Dakota (We need a real independent investigation of Bill/Hillary and Obama's actions)
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To: Dr. Bogus Pachysandra
I like Moosehead!

There's a brewery in eastern Canada - Alexander Keith - that's even better. Hard to find in the U.S. though.

83 posted on 05/31/2018 12:25:46 PM PDT by DoodleDawg
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To: tcrlaf

“American Petroleum Institute just issued a statement saying that 77% of the steel used in drilling and pipelines in America is imported, and that this will raise prices.”

Buy American, you idiots, and you won’t have to pay tariffs!


84 posted on 05/31/2018 12:26:25 PM PDT by SpeedyInTexas
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To: bert

Cars and Machinery are the biggest imports from Canada. We already applied tariffs to Canadian Lumber last December.


85 posted on 05/31/2018 12:27:38 PM PDT by DAC21
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To: bert

This is not really a popular understanding of the situation. But I say we need a trade war. We need higher tariffs in the US. There are higher tariffs in all our trading partners, friend and foe. And we have to much stuff here. Lower our taxes, make the money back on tariffs, and make the tariffs mirror the tariffs of our products overseas.

The US has more stuff than we need. We have a booming economy. Its a great time to set the trade so that its fair. If there is a trade war so be it. I bet we win. Because our market is larger, and our economy is larger. In fact the trade war will stop us from going into recession. It will be the same as the fed raising interest rates. So the fed can keep rates lower, longer.

Our trade treaties are crony capitalism. There are tons of carve outs for well connected companies who lobbied for favors in our country or our trading partners. We should tear up those deals and replace them with simple, you tariff us, we tariff you, agreements.


86 posted on 05/31/2018 12:27:51 PM PDT by poinq
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To: All

$400 per moose steak.


87 posted on 05/31/2018 12:29:32 PM PDT by Architect of Avalon
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To: wally_bert
Sacre Bleu!


88 posted on 05/31/2018 12:30:01 PM PDT by Vlad The Inhaler (The only trannie I want to see is a Muncie 4 Speed M-22 Rock Crusher)
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To: SpeedyInTexas

A play off of Canadian Bacon.

The only Michael Moore movie I will watch.
Not because of him, but the cast is rather good.


89 posted on 05/31/2018 12:34:01 PM PDT by wally_bert (I didn't get where I am today by selling ice cream tasting of bookends, pumice stone & West Germany)
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To: bert

Where will the Canucks buy their Jeans and other goods now?


90 posted on 05/31/2018 12:53:05 PM PDT by ExSoldier ("Terrorists: They hate you yesterday, today, and tomorrow. End it, no more tomorrows for them!)
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To: bert

So, what does this mean for my Glass Tiger cassette?


91 posted on 05/31/2018 12:56:42 PM PDT by tnlibertarian
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To: bert

Next, the US should tell Canada that they can no longer threaten US pharmaceutical companies with ignoring their patents if they don’t give the Canadian health care system the prices they’re willing to pay. That’s out and out extortion, and should not be tolerated. The R&D occurs here, and the costs get passed on to US consumers, while other nations (including Canada) threaten to make their own generics and ignore active patents if the pharmaceutical companies don’t comply with their pricing demands.


92 posted on 05/31/2018 12:57:14 PM PDT by neverevergiveup
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To: bert
I used to live in a small town that was invaded every year starting around Thanksgiving and lasting until March or April. RV’s galore. You couldn’t get a Dr.’s appointment during that time. I was told this was the way around the horrible wait lists in Canada.
93 posted on 05/31/2018 12:58:18 PM PDT by liberalh8ter (The only difference between flash mob 'urban yutes' and U.S. politicians is the hoodies.)
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To: AppyPappy

It’s about time too!


94 posted on 05/31/2018 12:58:43 PM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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To: deadrock

Increasing tariffs is just fine, if income taxes are dropped. Extract tax dollars from foreign producers.


95 posted on 05/31/2018 1:01:47 PM PDT by SecAmndmt (Arm yourselves!)
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To: A Navy Vet
"Trump knows that every other country is powerless to hurt us but we can sure hurt them."

Yes. Of equal importance is that he is doing this now, rather than doing what all the other past administrations have done - letting everyone else strengthen themselves while we became weaker. At some point, allowing the world to advance while you stagnate becomes an irreversible mistake.

96 posted on 05/31/2018 1:06:10 PM PDT by neverevergiveup
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To: sdthree
Canada’s GDP is $1.7 trillion.

The entire country? Wow...California's GDP is OVER $2.7 trillion...

97 posted on 05/31/2018 1:10:31 PM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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To: bert

Stock market chicken littlest running around without heads today.

Oh Ye Of Little Faith.


98 posted on 05/31/2018 1:17:29 PM PDT by Vaquero (Don't pick a fight with an old guy. If he is too old to fight, he'll just kill you)
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To: blueunicorn6

Peat moss too.

The other stuff? The wood, oil, and seafood?

I think we can handle that.


99 posted on 05/31/2018 1:19:13 PM PDT by 9YearLurker
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To: robroys woman

Canada - Its America’s Hat


100 posted on 05/31/2018 1:24:15 PM PDT by datricker (Cut Taxes Repeal ACA Deport DACA - Americans First, Build the Wall, Lock her up MAGA!)
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