• 0 Posts
  • 88 Comments
Joined 2 years ago
Cake day: August 3rd, 2023
  • Muscle_MeteortoCanada@lemmy.ca•'Only threat' to Canada's sovereignty is not Trump, but 'ourself': Sask. premier
    1·
    19 days ago

    It doesnt matter if there is a backup plan… Canada is the only G7 nation with a free trade agreement with every other G7 nation (not sure about the uk post brexit). Between Harper and Tredeau Canada has been negotiating and signing deals with dozens of other countries. Possibly… in preparation for this.

    I agree with you that reducing internal barriers is important, but where i disagree is that you cant just magically move trade as a country. Its up to each individual business. And despite the americans being shitty they still have a the worlds largest economy and our natural trading partner as they are right there, thats just geography, it makes shipping easier.

    Its like brexit, the UK wanted to negotiate their own trade deals. Cool. Europe is still their largest trading partner, all they managed to do was fuck themselves… Oh and sign a trade deal with austrailia worth 0.3% of their GDP.

    What makes more sense to me is increasing public investment and having people in Canada build things, the idea economy is so much more important than digging shit out of the ground, or renting out things that sit on top of it. Actively working to replace the technologies that we are reliant on the US for.

  • Muscle_MeteortoCanada@lemmy.ca•Trump’s tariff threat is a sign that Canada should be diversifying beyond the U.S.
    3·
    3 months ago

    Would have been nice of the author to mention the massive amount of trade deals that Canada already has.

    Canada is the only G7 nation to have free trade agreements with every other G7 nation. The wikipedia page on Canadas trade deals is huge, 15 free trade agreements with 51 countries.

    And most of the countries he suggested in the article are under active negotioation, the big ones being:

    • ASEAN
    • Indonesia
    • Mercosur

    Canada could have free trade agreements with every country on the planet and would still probably trade more with the US because they’re right there, they make a lot of stuff, and are the worlds largest economy… We cant teleport goods around the planet yet.

    I think that targeted public funding to create domestic industries would be a much better way to secure the economy against US isolationism. Specifically in high tech industries. Why export 100$ worth of lumber to buy 1000$ worth of chairs if youll pardon my gross economic oversimplification.