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  3. Prime Minister Mark Carney says Canada will double its non-US exports as Canadians can’t rely on US

Prime Minister Mark Carney says Canada will double its non-US exports as Canadians can’t rely on US

Scheduled Pinned Locked Moved Canada
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  • S savethetuahawk@lemmy.ca

    Did you actually read the agreement? It leaves Canada in $600M trade deficit. Media loves to skip the details.

    FaceDeerF This user is from outside of this forum
    FaceDeerF This user is from outside of this forum
    FaceDeer
    wrote on last edited by
    #16

    Judging trade deals purely on money in vs. money out is Trump thinking.

    1 Reply Last reply
    33
    • S savethetuahawk@lemmy.ca

      And we had new trade agreements with Europe under Biden.

      There is nothing really new here.

      The Indonesia agreement is great for Indonesia, but puts Canada in $600M trade deficits.

      Both deals are a few percent of US trade.

      I This user is from outside of this forum
      I This user is from outside of this forum
      indridcold@lemmy.ca
      wrote on last edited by
      #17

      Both deals are a few percent of US trade.

      Every bit counts. I would like to see a future where we aren’t doing any business with the US.

      The US is eating it’s own head and will probably fail in the near future. We need to be ready for that.

      1 Reply Last reply
      16
      • S savethetuahawk@lemmy.ca

        Why wait until no one can assess the plan or the government falls.

        Same bullshit as every other government.

        FaceDeerF This user is from outside of this forum
        FaceDeerF This user is from outside of this forum
        FaceDeer
        wrote on last edited by
        #18

        The decision of whether the government falls is, in large part, the way the assessment of the budget is expressed.

        1 Reply Last reply
        1
        • P pacino@lemmy.world
          This post did not contain any content.
          dandomrude@lemmy.worldD This user is from outside of this forum
          dandomrude@lemmy.worldD This user is from outside of this forum
          dandomrude@lemmy.world
          wrote on last edited by
          #19

          I just realized that McCain is a Canadian company. Sorry, I’ve been boycotting their fries and stuff for the past few months, but it was a mistake - damn you, John McCain!

          G A 2 Replies Last reply
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          • S savethetuahawk@lemmy.ca

            Why wait until no one can assess the plan or the government falls.

            Same bullshit as every other government.

            S This user is from outside of this forum
            S This user is from outside of this forum
            saigot@lemmy.ca
            wrote on last edited by saigot@lemmy.ca
            #20

            How would you like it to go? This is how it is meant to go, politicians announce a goal and a vague direction they want to go in, then table bills with the details filled out, it undergoes several layers of public debate and then it gets voted on.

            S 1 Reply Last reply
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            • S savethetuahawk@lemmy.ca

              Did you actually read the agreement? It leaves Canada in $600M trade deficit. Media loves to skip the details.

              P This user is from outside of this forum
              P This user is from outside of this forum
              prodigalsorcerer@lemmy.ca
              wrote on last edited by
              #21

              Can you explain what a trade deficit is and why it’s bad?

              freebooter69@lemmy.caF 1 Reply Last reply
              25
              • P prodigalsorcerer@lemmy.ca

                Can you explain what a trade deficit is and why it’s bad?

                freebooter69@lemmy.caF This user is from outside of this forum
                freebooter69@lemmy.caF This user is from outside of this forum
                freebooter69@lemmy.ca
                wrote on last edited by
                #22

                He doesn’t know like Trump doesn’t know.

                1 Reply Last reply
                12
                • T t00l_shed@lemmy.world

                  We need to, fuck the us

                  C This user is from outside of this forum
                  C This user is from outside of this forum
                  corsicanguppy@lemmy.ca
                  wrote on last edited by
                  #23

                  Nah. We just need to work around the risk we didn’t know they represented.

                  Nik282000N 1 Reply Last reply
                  3
                  • cygnus@lemmy.caC cygnus@lemmy.ca

                    I’ll believe it when I see it - Carney doesn’t seem to actually have done anything so far.

                    C This user is from outside of this forum
                    C This user is from outside of this forum
                    corsicanguppy@lemmy.ca
                    wrote on last edited by
                    #24

                    Always assess Mark’s results against Polyestre’s predicted path: subjugation and the 51st state.

                    cygnus@lemmy.caC M 2 Replies Last reply
                    11
                    • S savethetuahawk@lemmy.ca

                      And we had new trade agreements with Europe under Biden.

                      There is nothing really new here.

                      The Indonesia agreement is great for Indonesia, but puts Canada in $600M trade deficits.

                      Both deals are a few percent of US trade.

                      L This user is from outside of this forum
                      L This user is from outside of this forum
                      lemmy_outta_here@lemmy.world
                      wrote on last edited by
                      #25

                      It’s true, i didn’t actually read the agreement.

                      As for the trade deficit, I’m not sure it matters to a great extent. When a rich country tades with a poorer country it is normal for the rich country to be able to afford more imports than the poorer country. However, the trade deal can still benefit the country with the trade deficit. Our raw materials and goods will still find new markets because they will be more affordable to indonesians, and canadian consumers will have indonesian goodss for cheaper. we have a relative advantage for certain high tech and biomedical stuff, so we might see job growth in areas that we are already strong in. I don’t care if my cheap manufactured goods are made abroad as long as other jobs are created. Alan Greenspan had an interesting take on trade deficits: i don’t have time to find the quote, but it is along the lines of “we give them dollars and they give us actual real-world goods - seems like a good deal.” Trade is not a zero sum game - it can provide an advantage to both sides, even when one side benefits more.

                      As for the deals being small compared to the us: there are no american-sized economies hidden under a rug or something. Carney can’t just make a new trading partner out of thin air. replacing US trade is a huge undertaking that will still be going when my children are dead of old age. Carney will not live long enough to fix everything, but it is wrong to say that he has done nothing.

                      1 Reply Last reply
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                      • S saigot@lemmy.ca

                        How would you like it to go? This is how it is meant to go, politicians announce a goal and a vague direction they want to go in, then table bills with the details filled out, it undergoes several layers of public debate and then it gets voted on.

                        S This user is from outside of this forum
                        S This user is from outside of this forum
                        savethetuahawk@lemmy.ca
                        wrote on last edited by
                        #26

                        And how is that working out for Canada? Same old same old but apparently most of this thread lives in Ottawa. “public debate”. Hilarious.

                        What we get, ALWAYS, looks great on paper with a bunch of asterisks and caveats and most of the measures never happen because some metric was never met, all by design.

                        1 Reply Last reply
                        1
                        • C corsicanguppy@lemmy.ca

                          Always assess Mark’s results against Polyestre’s predicted path: subjugation and the 51st state.

                          cygnus@lemmy.caC This user is from outside of this forum
                          cygnus@lemmy.caC This user is from outside of this forum
                          cygnus@lemmy.ca
                          wrote on last edited by
                          #27

                          I just expected more from him, especially based on his books.

                          1 Reply Last reply
                          4
                          • C corsicanguppy@lemmy.ca

                            Nah. We just need to work around the risk we didn’t know they represented.

                            Nik282000N This user is from outside of this forum
                            Nik282000N This user is from outside of this forum
                            Nik282000
                            wrote on last edited by
                            #28

                            Who didn’t know that the US was the Mecca of bigotry, racism, homophobia, and corporate greed? Seriously, I can’t be the only person who saw this coming as soon as Trump’s name went on the ballot in 2016.

                            J 1 Reply Last reply
                            12
                            • P pacino@lemmy.world
                              This post did not contain any content.
                              B This user is from outside of this forum
                              B This user is from outside of this forum
                              boing@lemmy.ca
                              wrote on last edited by
                              #29

                              LOL Yeah Right Carney you start first. When you move 94% of your investments back to Canada from the United States, Stop Gas-Lighting Canadians on the trade deals. Green light #NorthernGetaway and remove all restrictions affecting its production. Then I will start relying more on Canadian business

                              R 1 Reply Last reply
                              1
                              • dandomrude@lemmy.worldD dandomrude@lemmy.world

                                I just realized that McCain is a Canadian company. Sorry, I’ve been boycotting their fries and stuff for the past few months, but it was a mistake - damn you, John McCain!

                                G This user is from outside of this forum
                                G This user is from outside of this forum
                                greyeyedghost@lemmy.ca
                                wrote on last edited by
                                #30

                                The McCains still have their list of problems, much like other large Corporations and billionaires, but they are Canadian.

                                1 Reply Last reply
                                7
                                • cygnus@lemmy.caC cygnus@lemmy.ca

                                  I’ll believe it when I see it - Carney doesn’t seem to actually have done anything so far.

                                  P This user is from outside of this forum
                                  P This user is from outside of this forum
                                  pilferjinx
                                  wrote on last edited by
                                  #31

                                  Carney is very bad at communicating and informing Canadians. He likes to keep everything private until there are results to publish. It keeps me worried that he’s accomplishing nothing and my confidence in his abilities is very low considering how he’s folded all the hands we actually held.

                                  1 Reply Last reply
                                  5
                                  • B boing@lemmy.ca

                                    LOL Yeah Right Carney you start first. When you move 94% of your investments back to Canada from the United States, Stop Gas-Lighting Canadians on the trade deals. Green light #NorthernGetaway and remove all restrictions affecting its production. Then I will start relying more on Canadian business

                                    R This user is from outside of this forum
                                    R This user is from outside of this forum
                                    reannlegge@lemmy.ca
                                    wrote on last edited by
                                    #32

                                    He does not know what his investments are in and has no access to them, they are in a blind trust.

                                    B 1 Reply Last reply
                                    11
                                    • P pacino@lemmy.world
                                      This post did not contain any content.
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                                      I This user is from outside of this forum
                                      ilikeboobies@lemmy.ca
                                      wrote on last edited by
                                      #33

                                      That’s great but can you reduce our US exports?

                                      R 1 Reply Last reply
                                      5
                                      • C corsicanguppy@lemmy.ca

                                        Always assess Mark’s results against Polyestre’s predicted path: subjugation and the 51st state.

                                        M This user is from outside of this forum
                                        M This user is from outside of this forum
                                        medic8teme@lemmy.ca
                                        wrote on last edited by
                                        #34

                                        Bullshit. Don’t settle like that. Hold him to a higher standard than a piece of crap.

                                        1 Reply Last reply
                                        0
                                        • S savethetuahawk@lemmy.ca

                                          Did you actually read the agreement? It leaves Canada in $600M trade deficit. Media loves to skip the details.

                                          R This user is from outside of this forum
                                          R This user is from outside of this forum
                                          reannlegge@lemmy.ca
                                          wrote on last edited by
                                          #35

                                          Are you going to demand that you get out of the trade deficit you have with your grocer of choice?

                                          Why not? Are you to afraid that capitalism would then be replaced with communism? It is important that you understand what Trump is talking about before you echo him.

                                          1 Reply Last reply
                                          4

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