Carney is what a smart and economically astute politician actually looks like, not this brain dead, obese orange lump America’s idiots elected. |
Canada is importing parts from China for finished assembly. That is their primary manufacturing base now. Once Trump drops the MCA when it comes up for renewal in a few months, Canada will be stuck. There will be separate trade deals with Mexico and Canada, and they won't be able to serve as a duty-free shop for China. |
I don't understand. Why does Canada need the US? |
Perhaps Susan Collins will do her patented look of "concern" and do absolutely nothing. Not like relationships with Canada are relevant for Maine...oh wait... |
It looks like the people of Maine will be voting her out |
Because so many people in the US see Canada as the US’s awkward little bother. It will actually be a great thing to have more manufacturing brought back again and to have a safe place internationally for scientific and medical research and innovation. We can also tool and manufacture cars, plus have some oil and pretty cool elements that sound kind of important. Oh, and trees. |
exactly this. |
I saw them together on TV and Trump looked like a guy you’d see selling shoes at the mall. |
Totally. |
Carney backed himself into a corner in order to win an election. He *could* have given himself an out to try to become Australia with a strong commodity export economy, but the environmentalists on his left would never have elected him. So he’s also all in on ESG BS. Make no mistake about it, Canada’s economy makes no sense if it cannot export en mass to the USA. There is no other market for Canada and transport costs across an ocean in either direction make it hard for Canada to replace the USA as a destination market. Even if you can get past that, you need to find a trade partner willing to run trade deficits in your favor (good luck!). He said what he had to say to win an election. And his posturing is certainly cathartic for those that hate Trump. But it is going to be hard for any future American leader for the next few decades to engage in trade agreements. Obama was blocked on TPA and free trade is only going to be more radioactive for the next few decades in American politics. Meanwhile, Carney is playing a dangerous game with no clear end other than having gotten him elected. He can’t possibly strike a deal with Trump and the USA without shooting himself in the face. So what is the end game? He can and will make life more difficult for Trump, but there is no winning move available on the chess board. |
Every 6 years we say that and yet she keeps returning. |
I get your point but I will put my money on Carney to find the winning move, you don’t get to his level of success without any tricks up your sleeve. |
Your argument would make sense if the US were demanding something specific in the way of a “trade deal”. But we aren’t. Trump tore up his own negotiated agreement from 2017 but has never articulated what he wants from Canada, other than the ridiculous 51st state BS. So Carney really has no basis or reason to negotiate with the US. |
I think that’s fair. Time will tell. I prefer Buffet’s investing theory: a good hand with a mediocre player is better than a weak hand with a good player. The only way to win that election was to go firebrand on Trump, so I get it. But now his options are limited. We’ll see what he does. |