Trump Signs EXECUTIVE ORDERS | Kevin O'Leary on 51st State

[@neka1316]

Wait, if I’m understanding this correctly, tariffs might actually benefit Canada in some ways, but not long term? Like the tariff Trump would impose would encourage Canada’s domestic industries and innovation, but the downside would be raised prices for us consumers?

[@dawsonkamenz]

if Trump imposes a tariff on Canadian imports, American business are less likely to continue buying from Canadian exporters, so Canadian businesses/Canadian exporters would no longer have the American customers. Yes in a way it would encourage domestic trade in Canada, forcing Canada to be more self reliant. American consumers would likely see more expensive goods.

[@dawsonkamenz]

so basically upside for Canada: potentially more self reliance downside for Canada: less customers upside for america: more self reliance and government revenue downside for america: more expensive goods for comsumers