Roundup: Touching off a trade war

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On Saturday afternoon, it happened—under false pretenses, Donald Trump signed the executive order to put tariffs on Canada, Mexico and China (25 percent on all imports except oil and gas, which is at ten percent) coming into effect on Tuesday, with the likelihood it will rise later, and threatening that it will go up further if we retaliate. Because how dare we exercise our sovereignty.

By late evening, prime minister Justin Trudeau gave a speech, spent part of it “speaking directly to Americans” (which was not covered live on any US news stations, but did get play on Sunday), and outlined the first tranche of retaliatory tariffs, with further non-tariff measures to come into place in about twenty-one days. (The Logic has a roundup of Canadian reaction here).

Some Americans seemed confused by the response, including the New York Times, which pretty much brings us back to that Onion headline.

More troubling were the Vichy Canadians, who continue to blame Justin Trudeau for this state of affairs, including tech bros in this country, such as Canada’s Specialest Tech Bro, Tobi Lütke, who not only blamed Canada for fighting back, but bought all of Trump’s bullshit excuses. It was never about the border, or fentanyl, or NATO spending, or even trade deficits. This is about Trump wanting to use tariffs to give more billionaire tax cuts (which the tech bros in the US are all salivating over), and to assert his dominance, no matter how much it costs him internationally.

And then there was Pierre Poilievre, and while he was not explicitly being a Vichy Canadian, it didn’t help that he was still incapable of articulating an actual response other than yet another slogan (“Canada First!”), demanding things that won’t actually help (a tax cut will only help the rich, and the killing the carbon levy early will do absolutely nothing about the shocks from the tariffs, and the capital gains stopping changes only allow the wealthy to continue to engage in tax arbitrage), that require magic (internal trade barriers cannot be brought down with the snap of a finger—they’re differing regulatory standards that can’t be harmonized with the stroke of a pen), and he’s continuing to give credence to Trump’s lie that the border is a problem, because he’s been trying to claim that Trudeau “weakened” them, which has always been a lie. And while he and Conservatives cry that Parliament needs to be summoned immediately, the only reason to do so is for performance art (gotta get those clips for their socials), and for him to bring down the government at his first opportunity, because he refuses to say he will actually let any package the government brings forward, whenever that happens, pass.

https://twitter.com/acoyne/status/1886158003272925684

https://twitter.com/mikepmoffatt/status/1886172330394636539

And then, of course, a gods damned CBC journalist made it all the worse in Poilievre’s press conference by phrasing “supporting government measures” as “stepping aside,” and Poilievre and company used that to play victim, and demand the CBC be defunded, yet again. What an absolutely stupid own-goal, and so many journalists keep making them with Poilievre.

Ukraine Dispatch

Russian drone and missile attacks on Saturday killed fifteen, mostly in Poltava. Ukrainian drone attacks targeted more Russian energy facilities, and sparked fires at an oil refinery in Volgograd. And Ukrainian officials are unimpressed with the American “negotiation” position of ensuring that elections are held in Ukraine after a ceasefire, given that it does nothing to deter Putin.

Good reads:

  • If the trade war wasn’t enough, here’s a deeper dive into the threats of annexation and the history where Canada is concerned.
  • CBC talks to intelligence experts in Canada about the concerns about Trump’s pick for director of national intelligence, Tulsi Gabbard, and the risks around her.
  • Jaime Battiste admits he dropped out of the Liberal leadership race for lack of fundraising (which is why the bar is set high).
  • Ontario, Quebec, and BC are all pulling American booze from provincial liquor retailers, and in Ontario, that includes de-listing it for private retailers.
  • Wendy Cocchia has been sworn-in as the new lieutenant-governor of BC.
  • Kevin Carmichael explores what the depreciating Canadian dollar is doing to the Bank of Canada’s rate decisions.
  • Dan Gardner looks at how America has weakened itself by ensuring that no other country can ever trust them to keep their word or live up to their treaties again.

Odds and ends:

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One thought on “Roundup: Touching off a trade war”

  1. American media was actually covering the Canadian response more than I thought they would. I had a sense that there was some relief that Trump was getting pushback from any quarter.

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