Following President Trump's twitter smackdown of Canadain Prime Minister Justin Trudeau, and recent Trump Administration tariffs on Canadain lumber, steel and aluminum, Trudeau has announced that in retaliation to the tariffs, he will screw the Canadian people and place tariffs on certain US products that enter Canada, thus putting upward price pressure on those products in Canada.
And, this, harebrained economic trade policy continues on all sides.JUST IN: Canadian Prime Minister Justin Trudeau says he will impose retaliatory measures to answer President Trump's tariffs on steel and aluminum: "Canadians: we're polite, we're reasonable, but we also will not be pushed around." https://t.co/kOFlnuMaEH pic.twitter.com/32vYsYdtwP— CNN (@CNN) June 9, 2018
The fact is that even if a country places tariffs on your country, the best thing to do is allow goods to flow from that country without tariffs, otherwise, you are just lowering the standard of living for your own citizens.
-RW
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