As I said on the USPG thread: The United States and Trump can stay retarded way longer than Canada and Mexico can stay afloat. By the time the tariffs actually start hurting Americans Mexico and Canada will have taken hundreds of billions worth of loss and and be on the edge of complete economic collapse, if not already into full economic implosion.
Just looking at canada, I don't think there is much risk that Americans will hurt all that much.
Canadian imports are ~10% of all US imports, and there were already tariffs in place since a long time on the majority of volume imports from canada, like construction material and timbre.
Trump merely increased existing tariffs by ~15%.
So, 15% of 10% means at worst this would impact imports by 1.5%. I am pretty sure that US can deal with that increase indefinitely without too much trouble, especially after dealing with near 20% year on year inflation for several years in a row.
Now, this 1.5% in increased cost for imports, it should be taken into account that the vast majority of goods and services consumed in the US are produced domestically, so the real impact on the canadian tariffs is way less than 1%, more likely to be in the range 0.2-0.5%. The us can keep these tariffs indefinitely. Most people will never even notice the change in cost due to the impact of the tariffs being completely dwarfed by other factors such as inflation.
But then again, I see people that claim that the cost of Avocado will now go up 25% immediately.
Because US depends on imports from Canada for Avocados. Really? REALLY? Canada is a major exporter of Avocado to the US?
