Friday, June 15, 2018

"Trade Wars: A New Dope" - Trudeau Now Using Canada's Military History In Response to US Tariffs and "Security Threat"; Stoke the Patriotic Fires Now Justin, But Still No Substance in Your Arguments

http://business.financialpost.com/opinion/lawrence-solomon-trudeau-starts-a-trade-war-for-political-points-were-the-casualties

http://business.financialpost.com/opinion/trudeau-after-bungling-it-on-trade-and-pipelines-needs-better-advice-fast#comments-area

"..If Canada’s negotiators want to do what’s best for Canada, they should stop posturing before they do more damage to our industries. For starters, they should stop misrepresenting the U.S. position on steel and aluminum tariffs. The U.S. never claimed that Canada represents a national security threat, as Trudeau keeps repeating. To the contrary, the U.S. has specifically said these tariffs are not aimed at any one country: without tariffs to protect American steel and aluminum from foreign suppliers, these industries, which America needs for national defence, would go bankrupt..."
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"...A decade ago, Canada had a US$78 billion trade surplus with the U.S. That surplus was more than halved to US$32 billion five years ago and it was halved again to US$17 billion last year. Five years from now, our ever-shrinking surplus with the U.S. may start to become an ever-growing deficit, particularly since the U.S. has blown past us as a producer of energy — our main exports to the U.S. We are not only at risk of losing this financial mainstay, with the U.S. no longer needing us for energy security, we are also at risk of becoming strategically unimportant..."

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