Summary
Trump announced that 25% tariffs on imports from Canada and Mexico will take effect on February 1, though a decision on including oil remains pending.
He justified the move by citing undocumented migration, fentanyl trafficking, and trade deficits.
Trump also hinted at new tariffs on China.
Canada and Mexico plan retaliatory measures while seeking to address U.S. concerns.
If oil imports are taxed, it could raise costs for businesses and consumers, potentially contradicting Trump’s pledge to reduce living expenses.
Canada’s boss move is to remove the intellectual property laws that the US asked for and let Canadian companies and consumers thrive again.
Canada shouldn’t retaliate with US tariffs
This makes no sense. If Canada could make a phone viable without any changes to tariffs, why wouldn’t it have already happened? Why would tariffs make that less likely to happen?
You may have misunderstood the article.
There’s a trade agreement that says no tarrifs in exchange for respecting IP which includes not breaking digital locks.
If the agreement is out then there’s nothing preventing Canada from allowing their citizens to circumvent restrictions against repairing their own tractors for example.
Do you honestly think that reducing the cost of fixing a tractor will reduce the cost of agricultural production by 25% across the board?
I really like this idea.
This would be beautiful. I remember when there were mod-chip stores beside internet cafes, where i could bring my xbox and pay to have a chip and a hard drive installed that let me copy any game i wanted from a rented disk or downloaded off the internet right onto the console. I still have that console and pulled it out during quarantine to make use of the huge library of games on the hard drive. Having this sort of freedom for all types of goods and electronics would be incredible, but i doubt it will ever happen.
This is a really good read. Thank you.