LOL, Canada only dropped the retaliatory tariffs that they imposed back in March in response to Trump's trade war of choice.
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But Prime Minister Mark Carney’s government then announced a six-month tariff exemption for products used in Canadian manufacturing, processing and food and beverage packaging, and for items related to health care, public safety and national security. Automakers got a break, too: companies that manufacture in Canada, such as General Motors Co., are allowed to import some vehicles into Canada tariff-free.
Those exemptions mean Canada’s tariff-rate increase on the US is “nearly zero,” according to calculations by Oxford.
“It’s a very strategic approach from a new prime minister to really say, ‘We’re not going to have a retaliation,’” Tony Stillo, Oxford’s director of Canada economics, said in an interview. “It’s a strategic play on the government’s part to not damage the Canadian economy.”
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In other words, Carney is playing this very intelligently. Instead of engaging in a pissing match with Trump, he recognizes that Trump's tariffs on Canadian exports to America will only harm the U.S. economy. This pause in retaliatory tariffs will give the Canadian economy time to decouple from the U.S.
Moreover, American products are already being boycotted by Canadians. That makes tariffs kind of not needed.
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