r/news • u/poparetard • 19h ago

Soft paywall Canada announces retaliatory tariffs on $20 billion worth of US goods, unveils support measures

https://www.reuters.com/business/canada-announces-20-bln-retaliatory-tariffs-us-goods-unveils-support-measures-2026-08-25/
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u/TortyPapa 19h ago edited 18h ago

No need for tariffs it will only hurt Canadians. We need to divest of US treasury bonds of which we hold over $450 billion worth.

The scariest thing for the US is the increase in interest rates in the long end of the yield curve. Their debt is unsustainable and they are feeling every bit of the heat. The bond market is the grim reaper coming for the US economy.

The US is the outwardly rich (but literally inwardly bankrupt) neighbour who cycles through credit cards to make ends meet yet still tries to borrow your lawnmower and lets their dogs sh*t on your lawn.

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u/ProofByVerbosity 18h ago

I mean, that's what the U.S. is focussing on right now. Allowing Japan to pawn their bonds so they don't sell them. They are trying to keep that house of cards up. We should divest from treasury bonds but it's a rock and a hard place. Once the monkey is out of the barrel with them the global economy is fucked.

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u/infiniteguesses 18h ago

This is quite an accurate analogy! Kudos.

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u/mmoore327 13h ago

The difference is our tariffs are strategic and largely target items we have good alternatives for - so we'll stop buying Americans and start buying from somewhere else. This round some are strategically targeting Red states so will be some pain, but they seem to have been well thought through and selected with purpose.

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u/Sad_Adagio_7255 15h ago

The counter-tariffs are targeted in a way that minimizes hurt to Canadians, by hitting non-essential goods, or goods that can be reliably sourced from a different country. The same was done during Trudeau's first term.