Prime Minister Mark Carney says Canada will double its non-US exports as Canadians can’t rely on US
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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.
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.
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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.
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.
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Always assess Mark’s results against Polyestre’s predicted path: subjugation and the 51st state.
I just expected more from him, especially based on his books.
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Nah. We just need to work around the risk we didn’t know they represented.
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.
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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
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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!
The McCains still have their list of problems, much like other large Corporations and billionaires, but they are Canadian.
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I’ll believe it when I see it - Carney doesn’t seem to actually have done anything so far.
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.
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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
He does not know what his investments are in and has no access to them, they are in a blind trust.
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That’s great but can you reduce our US exports?
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Always assess Mark’s results against Polyestre’s predicted path: subjugation and the 51st state.
Bullshit. Don’t settle like that. Hold him to a higher standard than a piece of crap.
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Did you actually read the agreement? It leaves Canada in $600M trade deficit. Media loves to skip the details.
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.
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That’s great but can you reduce our US exports?
Trump is handling that part, it’s the reason we need to increase our non-US exports
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Trump is handling that part, it’s the reason we need to increase our non-US exports
We need to increase our non-US exports because the US is our enemy. Not because they are limiting it.
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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!
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He does not know what his investments are in and has no access to them, they are in a blind trust.
A blind trust isn’t BLIND. He can still see them in fact he has already bought military equipment for our army from one of his investments… He Knows what he has and where it is. LOL
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We need to increase our non-US exports because the US is our enemy. Not because they are limiting it.
Let’s just do business with non asshole countries only.
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A blind trust isn’t BLIND. He can still see them in fact he has already bought military equipment for our army from one of his investments… He Knows what he has and where it is. LOL
Even if he does know what is in it he cannot do anything about it.
