Azath Vitr (D, on 19 January 2025 - 03:32 PM, said:
Quote
Orange juice from Florida. Whiskey from Tennessee. Peanut butter from Kentucky.
Canada is preparing for an all-out trade war [...] meant to be precisely targeted and aimed at political impact.
https://www.nytimes....mp-tariffs.html
Canada is preparing for an all-out trade war [...] meant to be precisely targeted and aimed at political impact.
Spoiler
https://www.nytimes....mp-tariffs.html
... but if Canadian tariffs reduce international demand for those goods, and the United States produces a surplus, the domestic price could actually go down, which Trump would point to as a (cherry-picked) triumph over inflation... but then again, how much peanut butter, orange juice, and whiskey (what a cocktail) do Canadians really eat?
Quote
In 2022, Canada accounted for 14.5 percent of U.S. agricultural exports
https://www.ers.usda...oducts%E2%80%9D
https://www.ers.usda...oducts%E2%80%9D
The question to ask is how heavily subsidized and how do the subsidies work for producers of those goods. The States have rather generous subsidies for farming.