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Thread: USA sets new tariffs on steel and aluminium 🇺🇸531 days old

  1. #11
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    Quote Originally Posted by CWF View Post
    But isn't much of that because of NAFTA? The trade agreement Trump claims to hate?
    It's contingent on NAFTA. But also, Canadian steel is vital to the US supply chain and the collapse of the Mexican economy would present a national security risk for the US

    http://nationalpost.com/opinion/john...m-steel-tariff

    Remember, one of the original purposes of NAFTA back in the day was to prevent a collapse of the Mexican economy, and a potential breakup of Canada, both which would have been national security risks for the US.
    Last edited by DragonRouge; 2018-03-09 at 05:29.

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  3. #12
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    Quote Originally Posted by DragonRouge View Post
    It's contingent on NAFTA. But also, Canadian steel is vital to the US supply chain and the collapse of the Mexican economy would present a national security risk for the US

    http://nationalpost.com/opinion/john...m-steel-tariff
    A trade war with Canada and Mexico would absolutely be a disaster. Canada supplies much of the imported oil and steel America uses among other products. Trump can play chicken with europe for a while but it gets serious playing that game here at home in North America.

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    DragonRouge (2018-03-09)

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    Quote Originally Posted by CWF View Post
    A trade war with Canada and Mexico would absolutely be a disaster. Canada supplies much of the imported oil and steel America uses among other products. Trump can play chicken with europe for a while but it gets serious playing that game here at home in North America.
    It would have global implications. Canada and the US share the largest undefended border in the world, and when goods crossing that border is impeded, it can have a cascading effect. The last time this happened, the passage of the Smoot-Hawley Act, it sparked off the Great Depression. Mind you, back then, Canada retaliated which exasperated it, I think our politicians know better now, neither the Liberals nor Conservatives would go there now... the NDP might, though.
    Last edited by DragonRouge; 2018-03-09 at 05:42.

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    CWF (2018-03-09)

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    But one way Canada could retaliate, on the oil front... we have someone else we could sell oil to, and who frankly, we are interested in selling more oil to.

    Last edited by DragonRouge; 2018-03-09 at 05:58.

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