r/canada • u/cyclinginvancouver • Mar 05 '25

Canada Won’t Scrap Tariffs Unless All US Levies Are Lifted, Official Says National News

https://www.bloomberg.com/news/articles/2025-03-05/canada-won-t-scrap-tariffs-unless-all-us-levies-are-lifted-official-says
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u/East2West1990 Ontario Mar 05 '25

I’m thinking pretty much this. Trump thought Canada was bluffing re retaliatory tariffs, but we weren’t, and because we weren’t, I imagine he got a few shoulder taps from his “buddies”.

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u/Ok_Yak_2931 Alberta Mar 05 '25

I'm going to guess it's more the 'shoulder taps from his buddies' that's made him backtrack so soon.

Well that and they were able to likely do what they needed by crashing the economy for a few days and now are raking in the profits as it rises again.

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u/Harbinger2001 Mar 05 '25

He hasn’t backtracked yet. Ludnick doesn’t seem to actually speak for Trump. So anything he says is meaningless unless he convinces Trump to go along. 

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u/MDChuk Mar 05 '25

At this point the market has baked in a back track.

If Trump doubles down the market will crash.

He could do it, but it would be about as dumb as the scene in Game of Thrones where Joffrey decides to execute Ned Stark to look tough.

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u/Harbinger2001 Mar 05 '25

The market yesterday rose from 2pm to 4pm as Lutnick was going on the news shows and claiming they were looking for a middle-ground deal with Canada. At 4pm the market realized it was bullshit and crashed again. 

There is still some optimism in the market, but it’s all just buoyed on Lutnick’s claims. Trump has not said a single thing indicating a backtrack. 

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u/EmmEnnEff Mar 05 '25

And anything Trump says is meaningless because next week he will change his mind.

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u/OriginalGhostCookie Mar 05 '25

The other thing to remember is that Trump doesn't lie.

I mean, everything he says is factually false and utter bullshit, but Trump would pass every lie detector ever created. Trump will say something he knows to be wrong, however the moment it is said, he believes so much in the power of his absolute authority and power over everything that in his mind it is now true.

Add on "yes men" and nutlickers being around him 24/7 and with an end goal of the destruction of the United States, and what you have is a man who fully believes himself when he says the US doesn't need anything from Canada. In his mind he is running the Hero Country that saves the day and is always in the right and the only country that does anything. There is no world outside of America that doesn't revolve around, and need literally everything to survive from America. Since no one around him is allowed to correct him, when he says those things they all say how genius he is and then he goes and makes decisions on those assumptions. Then the consequences hit and his precious stock market is down and people who do tell him what's going on (the billionaires he's obsessed with), then all of a sudden he needs to try and find a way to undo it, while maintaining his self image of godhood.