Canada Has a Good Reputation with Americans: Over half of Americans oppose Trump tariff on Canadian aluminum, survey SUGGESTS – August 11, 2020,
I have a lot of family members that live in America, as a matter of fact, most of my family lives in America and my experiences with my American family is they all loved Canada until they spent a week here and experienced the Canadian cost of living.
Switching from dollars to dollarettes I find hits them the hardest, also with my family, they love guns and Canada because of firearms restrictions in Canada, they often tell me ‘the Canadian government treats y’all like children’.
Even though by every metric, the Canadian standard of living is better than America’s, American’s aren’t too fond of moving to Canada, of course, illegals are fond of moving to Canada, but Americans imagine Canada differently. My family was shocked to see how many minorities lived in Toronto, they imagined, Toronto to be a majority white city, I often brag that our multi-cultural city has fewer killings than most majority white American cities.
But all that aside, Canada has a pretty good reputation with Americans, most Americans see Mexico as the main case of concern and would prefer to untie with Canada. The problem is American industries view Canada differently from the average American.
U.S industries have been for the most part blocked from selling to Canada, I often write about Amazon.ca and Amzon.com, I’ll add Walmart.ca and Walmart.com to that list also to provide my example. Amazon would probably prefer to not have to separate websites, but they have too, why? Because of Canadian tariffs at the U.S Canada border.
We in Canada tariff the hell out of U.S made goods, we’re called Canuckistan for a reason. Sure some will point to racist element, but the economic reasoning for calling Canada Canuckistan are our high regulatory standards for imports. Now if you’re an American who never encountered Canada’s regulations on imports, you probably wouldn’t have anything bad to say about Canada, but when you’re an American in search of profits and Canadian businesses can sell into your industry without conflict but when you try to sell int the Canadian market you’re met with all sorts of regulations, you’d have a different view of Canada too!
As a Canadian entrepreneur, trust me when I say that I know why Trump is doing what he’s doing, but I will also say that I agree with the article below, because if you’re not in business, you wouldn’t know why Trump is doing what he’s doing and being that Trump has been starting trade wars with all sorts of nations, as an American, you’d probably be a bit concerned with Trump starting a trade war with the Great White North.
Furthermore, a lot of Americans, don’t like tariffs, which to be fair hurts the host nation and is often a Democrat position. I’m personally a believer in reciprocal tariffs if we’re on a fiat monetary standard. Now, if we were on a Gold Standard, and there were NO MINIMUM WAGES I’d say a tariff is stupid.
But countries can manipulate the value of their non-commodity based currencies and undermine the profitability of entire industries and again the world is on a fiat elastic money supply, which means in the event of an economic collapse fiat monetary system collapse, which is inevitable what’s left is what a county has the ability to barter.
Via our own regulations, Canada has a lot of non-market-based economic policies that couldn’t function in a free-market environment. This is bad for the business muscles of some Canadian industries. Yes, Canada has some great industries, some great businesses, but we also have a lot of businesses in Canada which are shielded from competition, in the event of a market crash, the reaction to deflation will be for the Bank of Canada to print money, which will cause the debasement of the Canadian dollar.
The debasement of the Canadian dollar is not the same thing as what can happen to the value of the Canadian dollar on the forex markets. Debasement means your government can’t pay its bills with taxes because your private sector is struggling. America has weaponized its dollar, the U.S dollar is used everywhere, furthermore, America has a consumption-based economy.
Most of the world has a regressive tax-based economic system. What this means is in a race to the bottom, America dollars are in demand, meaning in order to print Canadian dollars you’ll have to buy U.S dollars first. This helps U.S treasuries and it’s something that fascinating to someone like me, because if the world goes back to a gold standard, bloated government is an even worse problem for countries like Canada. Anyway, I got real work to do!
When it comes to tariffs, President Biden should be the major cause of concern because the labor unions have Biden in their back pocket! and President Biden won’t make an elaborate speech if he institutes a tariff he’ll just do it and only get rid of it after consumer prices get too high.
Over half of Americans oppose Trump tariff on Canadian aluminum, survey suggests | financialpost.com
Interesting times ahead!