Canada will announce retaliatory tariffs against the United States on Tuesday after relations deteriorated sharply Monday, with President Donald Trump telling Canadian leaders to “fall in line” or face consequences “far WORSE” than existing tariffs and Prime Minister Mark Carney accusing Washington of trying to subordinate Canada.
Trump also threatened new 50% tariffs on Canadian vehicles, auto parts and steel, while Carney said U.S. trade demands showed Washington wanted to “destroy our major industries,” including autos, steel and aluminum.
Finance Minister François-Philippe Champagne and three other Cabinet ministers are scheduled to unveil Canada’s response Tuesday morning. Carney said earlier Monday that Canada may need to move away from matching U.S. tariffs dollar for dollar and instead use more targeted retaliation aimed at protecting Canadian workers and businesses.
I think that’s plan B if the shit show continues past the midterms. Although really it should be part of plan A. If we’re still in the shit after the midterms, eventually Ford/GM/Stellantis are gonna be looking for assembly plant buyers and if the examples in Europe show anything - the BYDs of the world are gonna be buying them up.