Don't Cry for Me, Canada
As usual, Trump is pointing the finger at the wrong villain
Trump’s latest enemy on his bingo card? Canada — the land of hockey, Tim Hortons, and people who still apologize when you bump into them. The Orange Vulgarian, apparently bored with taunting Nancy Pelosi, announced an additional 10% tariff on China and a 25% tariff hike on imports from Mexico and Canada. Somewhere, a Mountie shed a single tear.
Now, many Americans might be wondering — what the heck did Canada do?
Good question. Canada supplies 60% of America’s crude oil and a hefty portion of our softwood lumber (because we still haven’t figured out housing). For the former, the plan is drill, drill, drill. For the latter, Trump will most likely raid some protected forests and hand out the spoils to his billionaire friends. New Yorkers don’t need Adirondack Park.
Since consumers always pay for tariffs, you might wonder which products will be most affected. Wrong question. The right question is which consumer products won’t be affected. The United States is Canada’s second-largest trading partner. Canada exports many raw goods to the U.S. — plastic, iron, steel, gold, and copper, as well as cars, car parts, and truck nuts.
Okay, I made the last one up, but seriously, someone is manufacturing these…
