Summary
Canada is preparing to retaliate against Donald Trump’s proposed 25% tariffs on Canadian imports, which could trigger the largest trade war between the nations in decades.
Prime Minister Justin Trudeau promised counter-tariffs worth $37 billion, with potential for further measures, depending on Trump’s final order.
Canadian officials warn the tariffs could harm both economies, disrupting key sectors like automotive, energy, and agriculture.
Labor leaders expressed concerns over job losses and urged collaboration. Canada hopes to avoid tariffs by highlighting their mutual economic impact to U.S. lawmakers.
Watching the US dollar
Grabs popcorn
Watching the already shit Canadian dollar…
looks up best noose rope
I’m going to love watching that smug tone vanish when you come to the realization that the US Dollar is a world currency and without it, it will cause widespread economic depressions across the world.
The Orange Numbnuts, that you voted for, will turn the USD into the worthless Ruble.
*was a world currency
no…it’s still a global reserve currency.
Well yea, the clowns aren’t in charge yet. It won’t survive defaulting on our debt and systematically alienating all our allies.
you realize that’s exactly my point…
I swear you couldn’t pull your head out of your ass if the instructions were tattooed on you colon.
Have you traveled much?
That still doesn’t mean that what Trump is doing isn’t a dumb mistake
not disputing that.
Gold, local currency, you dont need to be a rocket scientist to figure it out.
you’re thinking too locally. countries have a reserve of USD on hand to use as trade and an easy way to pay debts. this is why USD is called a “global reserve currency”
what do you think happens to those other countries that hold USD reserves when it drops in value?
it’s an economic depression! hope you’re ready for your grocery bill to quadruple. do you think your power company will accept payments made in gold? silver? pleasures of the flesh?
doesn’t take a rocket scientist to figure out what’s going to happen once the USD halves in value. complete economic meltdown.
the question you should be asking yourself is, who benefits from this?
Aw man I seem to vaguely remember a short time when this wasn’t happening ever since I’ve been of working age, but it already feels so distant now…
LOL, gold… What year is it? If someone tried to give me gold for food in a global meltdown situation, I would tell them to fuck off.
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you’re not very pragmatic are you?
gold only holds value so long as it’s accepted as an exchangeable currency. if nobody accepts it, then its value is zero…
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can you eat it? can you drink it? can it heal you when you’ve been stabbed or shot?
no.no.no.
gold is worthless if you have no use for it.
It’s not a hard concept to grasp. if I don’t want what you’re willing to trade with, you have nothing and I have everything.
are you purposely being so ignorant on how currency works and why having a government backed currency is better than physical gold or have all the crypto/gold bro videos melted your brain?